Walko Food Company has successfully acquired Meemee’s Ice Creams, another Indian ice-cream brand, for an undisclosed sum.
According to a statement, Pune-based Walko emphasized that this acquisition “marks its entry into India’s dynamic artisanal dessert market, further strengthening its portfolio of innovative, handcrafted offerings.”
Walko further stated that the acquisition “further accelerates this momentum.”
Founded in Mumbai, Meemee’s offers popular ice cream brands including Toasties, Tubsters, and Roley’s.
With the integration of Meemee’s into its portfolio, Walko aims to “deepen its urban footprint and accelerate its growth in emerging direct-to-consumer (D2C) channels in the initial phase.”
Raj Bhandari, director of Walko Food Company, stated: “This acquisition is a strategic step towards dessert consumption. As consumer preferences shift toward authenticity and experiential indulgence, Meemee’s youthful energy and innovation-first approach align seamlessly with our vision.”
He added, “With Walko’s pan-India presence, digital-first distribution model, and R&D strength, we are confident to offer an unforgettable dessert experience to consumers.”
Meha Agarwal, founder of Meemee’s, remarked: “Partnering with Walko has been an important step for Meemee’s. Walko’s vision and distribution expertise allow us to focus on crafting innovative flavors while reaching freezers and hearts across India, delighting dessert lovers.”
Walko, with a presence in over 100 cities in India, believes it is “well-positioned” to support Meemee’s growth in the country’s ice cream market.
Founded in 2012 by Jeetendra Bhandari, Sanjiv Shah, and Raj Bhandari, Walko’s diverse portfolio includes NIC Ice Creams, Grameen Kulfi, and Mimo Ice Creams, exclusively targeting the Indian market.
These brands are available through local retail stores and online platforms such as Swiggy and Zomato, as well as rapid delivery services like Zepto and Blinkit.
The group enjoys backing from notable investors, including Singapore-based venture capital firm Jungle Ventures and Indian banking group JM Financials.
