Wow! Momo eyes expansion of Wow! China outlets
Wow! Momo eyes expansion of Wow! China outlets

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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