Wow! Momo: Securing Funding and Fueling Growth

Wow! Momo's Funding Round:

Secured INR 70 Cr from Z3Partners, adding to previous investments, totaling INR 480 Cr in the recent funding round.

Expansion Plans:

Aim to open 1,500 stores in the next three years, focusing on growing their brand and bolstering research and development efforts.

Investor Confidence:

Co-founders express confidence in their sustainable growth strategy, emphasizing the alignment of Z3Partners' vision with their expansion goals.

Operational and Financial Performance:

Doubled operating revenue to INR 219.8 Cr in FY22, with a 10% reduction in net loss, showcasing their success story.

Strategic Utilization of Funds:

Intend to enhance distribution channels and research and development, leveraging the recent funding to fuel growth.

Founding Team and Vision:

Founded in 2008 by Sagar Daryani, Binod Kumar Homagai, and Shah Miftaur Rahman, with plans for aggressive expansion.

Brand Portfolio:

Operates three brands - Wow! Momo, Wow! China, and Wow! Chicken, aiming to establish a global presence.

Market Positioning:

Positioned as a key player in the quick-service restaurant (QSR) sector, competing with industry giants like Domino’s and McDonald’s.

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