Private Equity

Private Equity Fund Investments

JM Financial PE invests Rs.35-Cr in ice cream maker Walko Food

Mint  

JM Financial Private Equity is to invest INR 35 crore in Pune-based consumer packaged food maker Walko Food Company Pvt Ltd. The funds will be used to support brand building activities and augment existing capacities of the company. This marks the closing of the eighth investment by JM Financial India Fund II. Walko Food Company owns ice cream brand NIC. The company operates a manufacturing plant in Pune and retails in over 50 cities across India, via multiple sales channels. Walko was founded by Jeetendra Bhandari, a first generation entrepreneur who had worked earlier with Coca-Cola and Walmart.