Mumbai’s own Meemee’s Ice Creams, a rising star in the D2C artisanal ice cream scene, has been snapped up by Walko Food Company, the parent of well-known brands like NIC Ice Creams, Grameen Kulfi, and Mimo. This acquisition marks Walko’s exciting entry into the premium handcrafted dessert market, with plans to elevate Meemee’s to a national level.
Founded in 2021 by Meha Agarwal, Meemee’s has made a name for itself with its locally crafted, small-batch ice creams, currently available at 14 retail spots across Mumbai. The brand has built a loyal following among urban customers who appreciate its clean-label, indulgent dessert offerings.
While the financial details of the deal are under wraps, Walko has shared that this acquisition will pave the way for new product launches—including toasties, ice cream cakes, roleys, and tubsters—under the Meemee’s brand. For Meemee’s, this is a golden opportunity to expand its reach across India, leveraging Walko’s extensive supply chain and over 200 delivery kitchens.
Walko, which thrives on digital-first platforms like Zomato, Swiggy, Blinkit, and Zepto, has seen its revenue soar to ₹2.4 Cr in FY24, achieving profitability with a net profit of ₹4.04 Cr. The company previously secured $20 Mn from Jungle Ventures, which continues to support its growth in the frozen dessert arena.
With this acquisition, Meemee’s is set to transition from a beloved local favorite in Mumbai to a potential nationally recognized D2C artisanal brand, going head-to-head with competitors like Go Zero, NOTO, and The Brooklyn Creamery. As India’s ice cream market aims for a whopping $12.6 Bn valuation by 2033, Meemee’s integration could place Walko at the forefront of the premium dessert trend.