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

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.