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Wow! Momo’s ₹85 Cr Deal—What It Means for India’s Food Startup Ecosystem

Updated: June 10, 2025 17:30

Image Source: India IPO
Kolkata based quickservice restaurant (QSR) chain Wow! Momo has raised ₹85 crore in debt funding from Stride Ventures, marking a significant milestone in its growth strategy. The investment will help the company expand its omnichannel presence, including dinein, delivery, and FMCG verticals, while also refinancing existing loans.
 
Key Highlights:
  • Strategic Investment: The funding will support Wow! Momo’s expansion across 100+ cities, with a target of 1,500 stores in the next three years.
  • Omnichannel Growth: The company is scaling its FMCG vertical to ₹100 crore, alongside ramping up its newly launched HORECA (Hotel, Restaurant, and Catering) arm.
  • Stride Ventures’ Support: The firm sees Wow! Momo as a categorydefining player in India’s evolving consumer landscape, backing its innovation and scalability.
  • Brand Portfolio Expansion: Wow! Momo operates Wow! China, Wow! Chicken, and Wow! Kulfi, strengthening its presence in India’s QSR market.
  • CEO’s Vision: Cofounder & CEO Sagar Daryani emphasized that this funding marks a pivotal moment in Wow! Momo’s journey to redefine Indian QSR.
With this strategic funding, Wow! Momo is poised for aggressive expansion, reinforcing its leadership in India’s fastgrowing food services sector.
 
Sources: Inc42, The Hindu BusinessLine, Rediff Money

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