Jungle Ventures, Singapore’s largest independent VC investing across Southeast Asia and India has invested $20 Million in Walko Food Company, India’s Food Company which is known for uncompromising quality and customer experience.
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Established in 2012, Walko Food Company was created with a mission to build brands that deliver uncompromised quality, innovation and superior customer experience. At present, the entity owns some of the finest dessert brands: Café Chokolade, Grameen Kulfi & Cream Pot.
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Sanjiv Shah, Director of Walko Food Company, expressed enthusiasm about the collaboration with Jungle Ventures, stating, “This is a significant milestone for Walko. The capital raised will help to expand Walko’s operational capacity, enrich our product offerings, and diversify with the mass-market ice cream brand – Yummo.”
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Arpit Beri, Partner, India Investments at Jungle Ventures, highlighted the company’s success in tapping into a multi-billion-dollar opportunity within the Indian ice cream industry. “Walko has showcased leadership in this segment with a diverse range of brands spanning various price points,” said Beri, emphasizing the significant shift in dessert consumption patterns in recent years.
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About Jungle Ventures
Jungle Ventures invests in three macro themes- digital brands serving the young consumers of Asia, technology platforms that help Asian SME’s adopt technology and disruptive technology ideas with global potential.Jungle invests in three macro themes- digital brands serving the young consumers of Asia, technology platforms that help Asian SME’s adopt technology and disruptive technology ideas with global potential. We are proud to have been the earliest backers of companies such as Livspace, Reddoorz, Pomelo, Kredivo, TookiTaki, Deskera, Sociolla amongst others.
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