Wow! Momo – Food Chain Restaurant specializes in Momos has raised $6.1 million in debt funding

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Wow! Momo, Kolkata-based a chain of fast food restaurant founded in 2008. Wow! Momo Foods Pvt. Ltd. is founded by Sagar Daryani and Binod Kumar Homagai. This food chain is specializes in making delicious momos.

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Wow! Momo aims to become the largest food chain company in India and in various parts of the continent. The food chain company is having its presence in Kolkata, Mumbai, Delhi, Gurgaon, Noida, Kochi, Bengaluru, Lucknow, Chennai, Bhubaneshwar, Cuttack, Puri, Pune, Hyderabad and Kanpur.

Within the span of 12 years, Wow! Momo has achieved various milestones likes –

India’s 1st major chain of Branded Momos.

Started with an Initial Investment of Rs.30,000 with one Kiosk in Kolkata – 2008.

In 8 years : 90 outlets – Kolkata + Delhi + Gurgaon + Noida + Bangalore + Pune + Chennai & Kochi

Best Dim-sum product chain –Indian Restaurant Congress Award 2016

Best Unique Retail Concept Award – Images Retail Award 2017

Coca-Cola Golden Spoon Award – Best Quick Service Restaurant in Indian origin 2018

Coca-Cola Golden Spoon Award – Best Innovation in Store Design 2018

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Wow! Momo has raised a total of $38 million of funding till date. Nitin Singhal and Indian Angel Network has backed the food chain business by investing in Seed round funding. Lighthouse Funds, Indian Angel Network, William Bissell, Tiger Global Management and Anicut Capital have also Invested in Wow! Momo.

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Anicut Capital and Tiger Global Management are the recent investors in Wow! Momo. Anicut Capital has invested $6.1 million in debt funding round & Tiger Global Management have invested $23 million in Series B funding round in this food chain business.

Wow! Momo is having over 200 outlets in various cities in India. With this funding the company aims to grow differently and increase its presence in different parts of India.

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Above given information is based on best of our knowledge & other sources. We hope you may have learn something new based on this blog & keep on learning.

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