Wow! Momo Foods, a leading quick-service restaurant (QSR) brand, has secured a Rs 85 crore debt investment from Stride Ventures. This strategic funding is set to accelerate the company’s mission to build India’s most dynamic ecosystem of homegrown brands, including Wow! Momo, Wow! China, Wow! Chicken, and Wow! Kulfi.
Driving Omnichannel Expansion
With this fresh capital, Wow! Momo aims to strengthen its omnichannel growth strategy by expanding across dine-in, delivery, and FMCG segments. The company currently boasts over 700 self-owned outlets in more than 70 cities across India, maintaining one of the highest same-store sales growth rates in the industry, comparable to global QSR leaders.
Category Leadership and Future Plans
Wow! Momo continues to set itself apart as a category-defining brand with strong consumer loyalty, impressive brand recall, and consistent unit-level profitability. The company plans to scale its FMCG vertical to Rs 100 crore and further develop its recently launched HORECA (Hotel, Restaurant, Café) segment in the coming year.
In the next three years, Wow! Momo aims to expand its footprint to over 1,500 stores across more than 100 cities, while simultaneously scaling its FMCG and HORECA operations to drive multi-channel growth.
Leadership and Vision
Founded by Sagar Daryani, Binod Homagai, Miftaur Rahman, and Murali Krishnan, Wow! Momo has been at the forefront of India’s QSR revolution, combining relentless innovation with precise execution to build one of the country’s most exciting entrepreneurial success stories.
Commenting on the investment, Apoorva Sharma, Managing Partner at Stride Ventures, said, “Wow! Momo represents the evolving Indian consumer landscape. Their passion for creating innovative food experiences positions them as a leader in the sector. We are proud to support their journey as they scale to new heights.”
Sagar Daryani, Co-founder and CEO of Wow! Momo, added, “The partnership with Stride Ventures is a pivotal step in our growth journey. With their support, we aim to expand rapidly, explore new formats, and continue building iconic brands that resonate with the Indian consumer.”
Stride Ventures’ Commitment to Growth
Stride Ventures remains focused on supporting pioneering companies that are reshaping India’s consumer and economic landscape. This investment in Wow! Momo is aligned with Stride’s strategy to back visionary leaders and category creators.
As Wow! Momo accelerates its omnichannel growth and national expansion, the company is poised for a high-growth trajectory over the next 24-36 months, solidifying its position as a trailblazer in India’s QSR space.