Wow! Momo

Wow! Momois an Indianmultinationalchain offast foodrestaurants headquartered inKolkata.The chain specializes inmomos, momo-filled burgers (MoBurgs) and momo-based desserts. It was established in 2008 bySt. Xavier's Collegealumni Sagar Daryani and Binod Homagai.
As of December 2021, there are around 425 outlets across 19 cities in India. Wow! Momo Foods Pvt. Ltd. operates 3 Brands; Wow! Momo, Wow! China and Wow! Chicken which was launched in December 2021. The company aims to be anIPOin a few years with plans to gain a global foothold, i.e., they want to compete with the likes ofDomino'sandMcDonald's.
Wow Momo Foods in 2021 emerged as the most valued homegrown QSR brand in India with a valuation of ₹1,225 crores.The Company has grown its foothold completely with company operated outlets; it does not have any franchise plans as of now.
As perFintrackr’s estimates, Wow! Momo in 2022 raised fresh investment in Series D round at a valuation of $270 million or Rs 2,130 crore, post allotment. The company’s valuation grew more than 60% in the past year as it was valued at $165-170 million in Series C round.
The founders of Wow! Momo, Sagar Jagdish Daryani and Binod Kumar Homagai, first met each other atSt. Xavier's Collegeduring their undergrad.With an initial amount of ₹30,000, they started the venture in 2008 at the age of 21. Wow! Momo began as a 6' by 6' kiosk in aSpencer's, which was one of their initial stores (the other one being a kiosk inside aBig Bazaaron rent for 18% of revenue share per month).While Daryani looked after brand expansion, marketing and retail operations, Homagai focused more on production and quality control. They were later joined by anotherSt. Xavier'salumnus and friend Shah Miftaur Rahman, who took the responsibility of cost control and finance and Muralikrishnan joined as the fourth Co-founder in 2018. A friend and anotherSt. Xavier'salumnus, to take charge of marketing, brand building and growth hacking.
Wow! Momo, in June 2017, managed to raise ₹44 crore from Lighthouse funds and through investments byIndian Angel Network.A year later,Fabindia'smanaging director,William Bissell, invested ₹3crore(US$440,000) in the company, which helped Wow! Momo reach a valuation of ₹300crore(US$45 million).And in September 2019, after an investment byTiger Global Managementof ₹130crore(US$23 million), the valuation of the company crossed ₹860 crore (US$120 million), which led to the opening of more outlets in commercial locations like malls and tech parks.
During theCOVID-19 pandemic, Wow! Momo entered into a strategic partnership withCafé Coffee Day, in which they decided to share outlet space along with costs and revenue.
In January 2024, Wow! Momo has raised approximately ₹410 crore in funding from Khazanah Nasional Berhad and Oaks Capital Management, bringing the company's valuation to over ₹2,400 crore.
In April 2024, Wow! Momo managed to raise $9 million (₹70 crore) from Z3 Partners.
In March, 2023,a trademark dispute, the Delhi High Court issued a prima facie injunction against the restaurant chain Wow Punjabi, temporarily restraining it from using a mark resembling that of Wow! Momo. The court acknowledged Wow! Momo's registered trademarks and market presence, noting Wow Punjabi’s failure to respond to cease and desist notices.