Wow! Momo Foods Pvt Ltd is planning to launch about 40 Wow! China outlets across India. Home-grown QSR brand will be opening Wow! China outlets across Kolkata, Mumbai, Chennai and Bangalore within the new fiscal.
Recently, Wow! Momo Restaurant bagged $23 million from Tiger Global at a valuation of $120 million. The brand seems well set to enter Chinese cuisine and replicate its success story with momo in case of what it positions as “re-imagined Chindian cuisine”.
Wow! Momo was co-founded by Sagar Daryani and Binod Homagai in 2008. The brand currently sells as many as 5 lakh momos per day from 281 Wow! Momo outlets across 15 cities in the country. Of these 281 outlets, 280 are company-owned while one is a franchise.
The Kolkata-headquartered food start-up is also eyeing to cross the Rs 200 crore mark this fiscal. It notched up a revenue of Rs 120 crore in FY19.
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