Wow! Momo Raises INR 125 Crore The fresh fund will enable the brand to build strong back-end capabilities to enter into tier I and II markets of the country

By Teena Jose

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.


Wow! Momo Foods that operates with three brands, Wow! Momo, Wow! China and Wow! Chicken, has raised over $15 million from OAKS Asset Management. The fresh fund will enable the brand to build strong back-end capabilities to enter into tier I and II markets of the country. It also helps fuel expansion of the QSR business and strengthens the FMCG arm of Wow! Momo.

"You only grow when the ecosystem around you grows, even in such riotous times, good profitable, sustainable and scalable business models will always find right backing and that is the faith with which we started our first outlet in 2008. As I keep saying we are a brand that is funded by the consumers and guided by the investors," Sagar Daryani, CEO and co-founder, Wow! Momo Foods.

The multi-billion-rupee QSR chain, currently, has a monthly revenue run-rate of over INR 40 crore and plans to double its growth by mid next year. The brand is poised to the financial year with a topline of over INR 450 crore as opposed to INR 220 crore recorded in the last fiscal year, claimed by the company in a statement.

"We are excited to partner with Wow! Momo. With a track record of having partnered with some of the best entrepreneurs in the Indian F&B space, we are excited to see the execution by the Wow! Momo team. We expect them to not only gain domestic market share in India but also to be the first global sized QSR company from India," said Vishal Ootam, founder and CEO of OAKS Asset Management.

Teena Jose

News Desk Reporter with Entrepreneur India

Teena is a post graduate in financial journalism. She has an avid interest in content creation, digital media and fashion.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Related Topics

Business News

Airbnb Renter Discovers Hidden Door, Says Police Confirm There's a Secret Unit Upstairs With 'Surveillance': 'A Terrifying Experience'

One bride-to-be was in for a not-so-welcome surprise when she discovered a secret door in her Airbnb rental.


International Security Firm Welcomes Female India Native to an Essential Leadership Position

Yasmin Brar has been appointed as the Operations Strategy Director, a role that underscores the company's commitment to innovation, expansion, and strategic management

Thought Leaders

These Age-Old Monk Practices Can Help You Lead a More Focused, Productive and Creative Life

Buddhist and Benedictine monks have some ancient habits that every hard-working entrepreneur should know.

Science & Technology

Master ChatGPT with This $20 Presidents' Day Special

See how ChatGPT could change how you do business.

News and Trends

The Transformative Power Of Entrepreneurial Households In Shaping The Future Of The Indian Economy

According to the report, India's 247 million entrepreneurial households drove an $8.8 trillion transaction value in FY23 unleashing a new economic landscape.

Business Ideas

55 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.