Business Companies 26 Sep 2019 Wow! Momo plans 40 W ...

Wow! Momo plans 40 Wow! China outlets

DECCAN CHRONICLE. | RITWIK MUKHERJEE
Published Sep 26, 2019, 1:48 am IST
Updated Sep 26, 2019, 1:48 am IST
The Kolkata-headquartered food start-up, which notched up a revenue of Rs 120 crore in FY19.
Representational Image (Photo: File)
 Representational Image (Photo: File)

Kolkata: Wow! Momo Foods Pvt Ltd, the home-grown QSR brand, which has recently bagged $23 million from Tiger Global at a valuation of $120 million, seems well set to foray into Chinese cuisine and replicate its success story with momo in case of what it positions as “re-imagined Chindian cuisine”.

Co-founded by Sagar Daryani and Binod Homagai in 2008, Wow! Momo, which at present sells as many as 5 lakh momos per day from its 281 outlets (280 -company owned and one- franchise) across 15 cities, has lined up plans to put in place a chain of 40 Wow! China outlets across Kolkata, Mumbai, Chennai and Bangalore within the new fiscal, said Sagar Daryani, co-founder & CEO, Wow Momo Foods. The Kolkata-headquartered food start-up, which notched up a revenue of Rs 120 crore in FY19, is also hopeful of crossing the Rs 200 crore mark this fiscal, on the basis of its expansion plans.

 

...




ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
-->