Walko Food bags Meemee’s Ice Cream.
Walko Food Acquires Majority Stake in Meemee’s Ice Creams, Think Law, Burgeon Law Act as Advisors: Mumbai, India – Walko Food Company Private Limited, the parent company behind the popular NIC Ice Cream brand, has announced a significant strategic move into India’s burgeoning artisanal dessert segment with the acquisition of a majority stake in Scoop Some More Private Limited, which operates under the brand name MeeMee’s Ice Creams. This acquisition marks a sweet expansion for Walko Food, broadening its dessert portfolio and tapping into a market segment known for its innovative and youth-oriented products.
The deal, which sees Walko Food solidify its position in the Indian food and beverage landscape, involved legal counsel from two prominent firms. Burgeon Law advised MeeMee’s on this stake acquisition. The transaction team from Burgeon Law was led by Partner Abhisshek Singlla, with crucial support from Senior Associate Anubhav Pandey.
READ: Contractual Prosecutors Cannot Claim Regularisation: Supreme Court
On the other side of the table, ThinkLaw provided advisory services to Walko Food for the acquisition. Their transaction was spearheaded by Partners Tushar Ajinkya and Ankita Kashyap, guiding Walko Food through the intricacies of the deal.
Walko Food, established in 2012 and headquartered in Mumbai, has built a formidable pan-India presence through its flagship NIC Ice Creams and other dessert brands. The company has been a significant player in the Indian food and beverage manufacturing sector for over a decade.
Scoop Some More, also based in Mumbai, was established more recently in 2021. Despite its younger age, MeeMee’s has rapidly cultivated a strong following, particularly among younger consumers, owing to its experimental and youth-oriented artisanal dessert offerings.
READ: Shalini Saxena Returns to Pine Labs as General Counsel Amidst IPO Preparations
This acquisition is seen as a strategic synergy, combining Walko Food’s established market reach and manufacturing capabilities with MeeMee‘s innovative product development and strong brand appeal among a specific demographic.
The acquisition of MeeMee’s by Walko Food is a clear indicator of the growing potential and increasing consolidation within India’s dynamic food and beverage industry, especially as companies look to diversify their offerings and capture new market segments.
READ: Bombay High Court Slaps Rs 50,000 Fine on Yes Bank for Insisting on Aadhaar for Opening Bank Account
