M&A M&A
Walko Food Company acquires Meemee’s Ice Creams
Premium dessert brand Walko Food Company has acquired Mumbai-based Meemee’s Ice Creams , marking its foray into the artisanal dessert market.Known for brands like Toasties, Roley’s, and Tubsters, Meemee’s claims to have built a following among younger audiences. The deal is expected to enhance Walko's Direct-to-Consumer (D2C) growth and further solidify its presence in India's INR 44,000 crore (USD 5.33 billion) ice cream market, projected to grow at 11% CAGR through 2028.
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Between June-21 and Nov-23, Walko Food Company had attracted about USD 36 million from PE-VC investors.