Now, while the company hasn’t yet shared its financial reports for the fiscal year 2022-23 (FY23), here’s a glimpse into their recent performance: Operating revenue surged by over double, reaching INR 219.8 Cr in FY22. And hey, good news on the net loss front—it shrank by 10%, down to INR 53.4 Cr in FY22 from INR 59.4 Cr in FY21. Looks like they’re cooking up quite the success story!
Wow! Momo, a Kolkata-based QSR chain, secured INR 70 Cr from Z3Partners along with previous investments from Khazanah Nasional Berhad and OAKS Asset Management, totaling INR 480 Cr in their recent funding round. With plans to expand distribution channels, bolster R&D, and grow their brand, Wow! Momo aims to open 1,500 stores in the next three years. The cofounders express confidence in their sustainable growth strategy, reflecting on their robust operational and financial performance, marked by doubling revenue in FY22 and a 10% reduction in net loss.