Launched in 2008 by Sagar Daryani and Binod Homagai, Wow! Momo operates over 850 outlets across more than 90 cities under brands including Wow! Momo, Wow! China, Wow! Chicken, and Wow! Kulfi. The company reported revenue of Rs 470 crore in FY24 (up 13% from FY23) and losses of around Rs 114 crore; it says revenue rose over 30% to about Rs 640 crore in FY25 and expects Rs 850 crore in FY26, targeting Rs 1,200 crore by 2027. Wow! Momo has diversified beyond its core QSR business, with its FMCG arm having crossed Rs 100 crore in revenue. The company has raised over $140 million to date, including a $42 million Series D led by Khazanah Nasional in January 2024, and last year secured roughly Rs 300 crore across multiple equity and debt rounds. Management plans to accelerate store expansion while using recent capital for refinancing, corporate purposes, and growth investments.

Total raised

$84M

Funding rounds

7

Latest round

Debt Financing

Latest activity

Apr 2026