Jungle Ventures doubles down on F&B
Mint Mumbai|February 21, 2024
Singapore-based venture capital firm Jungle Ventures, known for backing unicorns like Moglix and Livspace, has doubled down on its initial investment in the food and beverage sector, injecting $20 million (₹166 crore) into homegrown ice cream maker Walko Food Co. Pvt. Ltd.
K.Amoghavarsha
Jungle Ventures doubles down on F&B

The company, which operates the ice cream brand NIC had, in May, raised $11 million from Jungle Ventures.

VCCircle reported in January 2023, that Jungle Ventures emerged as the frontrunner to invest in Walko Food and the company was likely to raise as much as $40 million.

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