Wow! Momo

Wow! Momo is an Indian chain of fast food restaurants headquartered in Kolkata, West Bengal, India, specializing in momos, dumpling popular in Nepal, Tibet and India.[1][2] It was established in 2008 by Sagar Daryani and Binod Homagai, alumni of St. Xavier's College, in Kolkata.[3][4]

Wow! Momo
IndustryFood and beverage
Fast food restaurants
Food delivery
GenreRestaurant
Founded2008 (2008)
FounderSagar J. Daryani,
Binod K. Homagai
Headquarters
Kolkata
,
India
Number of locations
13 cities
Area served
India
Key people
Sagar Daryani (CEO),
Binod Kumar Homagai (COO),
Shah Miftaur Rahman (CFO)
ProductsMomo
Revenue₹135 crore (FY 2017-18)
Number of employees
3500(2019)
Websitewowmomo.co.in

WOW! Momo has expanded to Kolkata, Mumbai, Delhi, Noida, Gurgaon, Bengaluru, Chennai, Kanpur, Lucknow, Kochi, Bhubaneswar, Cuttack, Puri, Pune and Hyderabad. As of October 2018, WOW! Momo has 317[5] outlets across 13 cities in India.

History

Founder of wow momo Sagar Daryani and Binod Homagai,[6] at the age of 21 the duo was pursuing their graduation in B.Com Honours from St. Xavier's College, Kolkata. With an initial amount of Rs. 30,000, Mr Daryani and Mr Homagai started the venture in 2008. While Sagar looked after brand expansion, marketing and retail operations, Binod focused more on production and quality control. They were later joined by another college friend Shah Miftaur Rahman,[6] who took care of cost control and finance.

Sagar Jagdish Daryani and Binod Kumar Homagai started selling steamed momos from their 6 by 6 kiosk in Springdale Spencer’s which was their one of the initial store another one being kiosks inside hypermarkets of Big Bazaar on rent for a month at 18% revenue share.[7]

After investment by Tiger Global Management of ₹130cr, valuation of the company was over ₹860 crores In 2019, which led to opening food outlets in commercial locations like malls and tech parks.[8]

Awards and recognition
  • Best Dim-sum product chain –Indian Restaurant Congress Award 2016[9]
  • Best Unique Retail Concept Award – Images Retail Award 2017[10]
  • Coca-Cola Golden Spoon Award – Best Quick Service Restaurant in Indian origin 2018[11]
  • Coca-Cola Golden Spoon Award – Best Innovation in Store Design 2018[11]

References
  1. Nandi, Ipshita (26 July 2010). "Momo on the move". The Telegraph. Retrieved 28 October 2012.
  2. Raturi, Prerna (20 December 2011). "Appetite For Profit". Entrepreneur India. Retrieved 28 October 2012.
  3. "Mr. Sagar J Daryani, Founder, Wow! Momo addresses the BIBS students". BIBS. Retrieved 28 October 2012.
  4. "Let's talk business". The Telegraph. 19 December 2010. Retrieved 28 October 2012.
  5. "QSR brands outlet presence as of September 30, 2020" (PDF). 25 November 2020. Archived (PDF) from the original on 3 December 2020. Retrieved 3 December 2020.
  6. "Why less is more for Wow! Momo". www.fortuneindia.com. Retrieved 3 December 2020.
  7. "Wow Momos Success Story – A Journey From ₹ 30,000 to ₹ 860 Crores Food Company". Suger Mint. 23 February 2020. Retrieved 3 December 2020.
  8. Gooptu, Biswarup. "Wow! Momo has Tiger's Rs 130 crore". The Economic Times. Retrieved 3 December 2020.
  9. "Indian Restaurant Congress". Restaurantindia.in. Retrieved 12 February 2019.
  10. "Images Retail Awards honour excellence in retail". Indiaretailing.com. 21 September 2017. Retrieved 12 February 2019.
  11. "Coca Cola Golden Spoon Awards honour Food and Grocery Retailers". medianews4u.com. 20 January 2018. Retrieved 12 February 2019.


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