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Singapore-based VC firm <keyword id="20669818" type="General" weightage="20" keywordseo="jungle-ventures" source="keywords">Jungle Ventures</keyword> on Wednesday said it will infuse another $20 million in India's fastest growing ice cream brand <keyword id="20669817" type="General" weightage="20" keywordseo="walko-food" source="keywords">Walko Food</keyword>. This is Jungle's second investment into <keyword id="20668352" type="General" weightage="20" keywordseo="walko" source="keywords">Walko</keyword> Food within less than 12 months. Since its last funding round with Jungle in May 2023, Walko Food has introduced Yummo, its latest ice cream brand, tapping into a $3 billion market. The latest round of capital will further boost Walko's expansion across its product portfolio and customer reach, and accelerate its penetration into the Indian ice cream market, the company said in a statement. "This collaboration is a testament to Jungle Ventures' confidence in Walko's management team and its vision to nurture and grow our existing brands, including NIC, Grameen Kulfi, and Cream Pot, across various sales channels," said <keyword id="20669819" type="General" weightage="20" keywordseo="sanjiv-shah" source="keywords">Sanjiv Shah</keyword>, Director, Walko Food Company. Earlier, the company appointed celebrity <keyword id="19917047" type="General" weightage="20" keywordseo="rashmika-mandanna" source="keywords">Rashmika Mandanna</keyword> as its brand ambassador for its premium ice cream brand NIC. "Walko is tapping into a multi-billion-dollar opportunity in the Indian ice cream industry. In recent years, ice cream has captivated Indian consumers, causing a structural shift in dessert consumption patterns from traditional Indian sweets to ice cream," said Arpit Beri, Partner, India Investments at Jungle Ventures. Jungle Ventures is focused on early to growth-stage companies in Southeast Asia and India.

Jungle Ventures infuses another $20 mn in Indian ice cream brand Walko Food

Mumbai, Apr 25 () At least 328 entities across sectors, including state-owned and those backed by big conglomerates, have opted for availing the Reserve Bank's three-month moratorium on their debt repayments, rating agency Icra said on Saturday.The list of entities, rated by it, include Air India Express, ONGC Petro Additions, entities from Tata Group, JSW Group and GMR Group.On March 27, the RBI had given borrowers a three-month moratorium on debt repayments for the March-May period due to the COVID-19 pandemic. This is a voluntary measure and interest keeps accruing on the loan during the period of moratorium, and experts have opined that such a move would generally elongate the loan repayment period.Icra said it is disclosing the names of the entities as per a mandate received from Sebi, and made it clear that missed payment by these entities even in the case of pending formal approval from the lending institutions prior to the original due date, is not considered an instance of default.Air India Express having a debt of Rs 1,301 crore, and ONGC Petro Additions - which had debt of Rs 33,180 crore and USD 155 million in foreign borrowings, have opted for the moratorium on its loans, the agency said.Interglobe Hotels, with debt of Rs 811 crore, and having its outlook on rating revised to negative earlier this month due to worries on the hospitality sectors, has also opted for the moratorium, it said, adding that other hospitality sector companies, including Lemon Tree Hotels, and Barbeque Nation Hospitality have also sought relief.Among the financiers, city-based Centrum Financial Services, Creditaccess Grameen, Indostar Capital Finance, Madhura Micro Finance and Spandana Sphoorty Financial have opted for delays in their repayment of their debt commitments - like on commercial paper borrowings, even as banks are yet to arrive on whether to accord the relief to the NBFCs.Entities in the GMR Group, including GMR Ambala Chandigarh Expressways (Rs 240 crore debt) and GMR Hyderabad Aviation SEZ (Rs 58 crore) have opted for the moratorium provided by the RBI, it said.Similarly, three entities in the Sajjan Jindal-led JSW Group also seem to have opted for the moratorium, including JSW Steel (Rs 71,952 crore debt), the unlisted JSW Paints (Rs 160 crore), the agency said.Tata Group entities, including Tata Power (Rs 7,231 crore debt), Taj GVK Hotels and Resorts (Rs 195 crore), and Tata Power Renewable Energy, have opted for the relaxations, it said.Billionaire Ajay Piramal-led companies, including the flagship Piramal Enterprises and Piramal Capital and Housing Finance (nearly Rs 30,000 crore debt) have also opted for the relaxation offered by the central bank, as per the data disclosed by Icra.Kalyan Jewellers having an outstanding debt of Rs 3,555 crore as of September 2019, and private sector milk operator Parag Milk Foods, which had a debt of Rs 390 crore, have decided for opting for the leeway on debt repayments, the agency said. AA BALBAL

About 328 entities opt for RBI's 3-month moratorium: Icra

<div class="KonaFilter image-container display-table float_right"><div><div class="image on-image">Business Insider</div></div></div>Sallie L. Krawcheck's Ellevest, a digital investment advisor for women, <a href="https://www.ellevest.com/resources/were_all_bossed_up">closed its second round of funding today</a> with a group of A-list female superstars from the worlds of sports, finance and tech. The funding round was led by Venus Williams and included:<ul><li>Ariel Investments president Mellody Hobson.</li><li>Venture capitalists and Aspect Ventures cofounders Theresia Gouw and Jennifer Fonstand.</li><li>Former deputy general counsel at Google Miriam Rivera.</li><li> Broadway Angels founder Sonja Perkins.</li><li> VC firm Thomas, McNerney &amp; Partners co-founder Karen Boezi.</li></ul>These women join the squad of female Ellevest Series A investors Karen Finerman, the CEO of Metropolitan Capital Advisors, and Andrea Jung, the President and CEO of Grameen America. <a href="https://www.ellevest.com/">Ellevest</a> focuses on life goals to help female clients invest their money through a portfolio of low-cost ETFs. The digital advisor takes into account the established facts of how women's financial experiences differ from men's: longer lifespans, different salary arcs, and the possibility of extended time off from work. For a more detailed explanation of how Ellevest works, you can read <a href="http://www.businessinsider.com/sallie-krawcheck-ellevest-takes-new-approach-to-risk-2016-5">here</a>. <div class="margin-top"> <h3>NOW WATCH: <a href="http://www.businessinsider.com/worse-for-wells-fargo-fbi-getting-involved-2016-9">Things are getting worse for Wells Fargo and now the FBI is getting involved</a></h3> <div> <div> <div class="ooyala-video-player" data-video-autoplay="false" data-video-id="tmajl3NTE68xref3pHmnhlSXxxoSV1Tx" data-player-variable="ooyalapopvideo" id="ooyalaplayer_popvideo" style="width:1280px;height:720px"></div> </div> </div> </div>

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Jungle Ventures infuses another $20 mn in Indian ice cream brand Walko Food

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About 328 entities opt for RBI's 3-month moratorium: Icra

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