Wow! Momo’s Capital Feast: ₹130 Cr Boost Fuels Aggressive Expansion and FMCG Ambitions

Wow! Momo, India’s leading quick-service restaurant (QSR) chain, has secured a fresh bridge funding round of ₹130–150 crore, led by Kamal Agrawal of the Haldiram promoter family and Malaysian sovereign wealth fund Khazanah Nasional. This investment, structured via convertible notes, comes at a pivotal time as the Kolkata-based brand accelerates its national footprint and diversifies into the fast-moving consumer goods (FMCG) sector.

 

Key Highlights:

The company is eyeing a much larger $75–80 million (₹600–700 crore) fundraise in late 2025, with the current round’s valuation to be finalized during that event.

Founder Sagar Daryani highlighted ambitions to scale the FMCG vertical to ₹75 crore annual revenue, leveraging both retail and digital channels.

 

Wow! Momo’s latest round underscores the QSR sector’s resilience and adaptability, even as leading food delivery platforms face growth headwinds.

This funding milestone sets the stage for Wow! Momo’s next phase—blending rapid QSR expansion with a bold push into India’s packaged food market.

 

Source: Entrepreneur India, Indian Startup Times, Economic Times