Walko Food Company, the parent firm of NIC Ice Creams, has acquired Mumbai-based Meemee’s Ice Creams, marking its entry into India’s growing artisanal dessert segment. The acquisition brings Meemee’s experimental and youth-oriented products, such as Toasties, Ice Cream Cakes, Roley’s, and Tubsters, under Walko’s expanding portfolio. Known for its unconventional formats and urban appeal, Meemee’s has cultivated a strong following among younger consumers.
Walko, which also owns brands like Grameen Kulfi and Mimo, said the deal would support its push into urban markets and Direct-to-Consumer (D2C) channels.“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. With Walko’s pan-India presence, digital-first distribution model and R&D strength, we’re confident to offer an unforgettable dessert experience for the consumers,” said Raj Bhandari, Director at Walko.
India’s ice cream and frozen dessert industry is estimated at Rs 44,000 crore (approximately $5.33 billion), with a projected annual growth rate of about 11% through 2028, according to industry data.
“Partnering with Walko has been an important step for Meemee’s. Walko’s vision and distribution expertise allows us to focus on crafting innovative flavours while reaching freezers and hearts across India, delighting dessert lovers,” Meha Agarwal, Meemee’s Founder, added.
Financial terms of the deal were not disclosed. Founded in 2012 and headquartered in Pune, Walko Food Company has built a pan-India presence through its flagship NIC Ice Creams and other dessert brands. Its distribution network spans more than 100 cities via retail outlets and quick-commerce platforms.