Wow Momo

India's $5 billion fast-food sector has seen significant growth, driven by rising demand among low- and middle-income families

The round will provide partial exits to initial investors Indian Angel Network and Lighthouse Funds. Daryani also mentioned that about Rs 180-190 crore was for the primary funding of the business

Westlife Foodworld, which owns and runs McDonald's restaurants in western and southern India, plans to open 40-45 stores every year

Company will expand business in Mumbai, Delhi, Bangalore, Chennai, and other major cities

He officially joined the founders in 2018 and began by leading the store-level growth hacking to brand development and was later named the group's CMO

VR headsets are gradually becoming somewhat accessible, with an Oculus Go priced at Rs 22,000. Several start-up founders say they are also developing software for laptops and mobile devices.

"We expect Wow! Momo to not only gain domestic market share in India but also to be the first global sized QSR company from India," said Vishal Ootam, founder and CEO of OAKS Asset Management

The latest round of funding values the company at Rs 1,225 cr

Food delivery giants such as Swiggy and Zomato are also aggressively coming up with new technologies and innovations to address the huge disruption in their business models

Wow! Momo Foods Pvt. Ltd is projected to get to a topline of around Rs 190 crore for FY 2019-20

Company to set up 40 outlets of its fast food Indo-Chinese cuisine format in Kolkata, Mumbai, Chennai and Bengaluru initially

Setting an ambitious target to earn Rs. 500 crore revenue in the coming five years, Kolkata based QSR (quick service restaurant) start-up Wow Momo, which aims to become a global brand from India, is readying plans for an international foray.For the fiscal year ended March 31, 2016, the company registered a Rs. 50 crore turnover.Although primarily a QSR start-up selling fresh momo and other products from its outlets, the company isn't planning to open restaurants in international markets in the very year of the global foray. Instead, it is working upon a new product category - frozen momo - which it plans to sell in USA, Europe and Middle East.Once rolled out, the frozen momo food category is expected to contribute 20 per cent to its topline."Globally, the trend has shifted from junk foods to healthy foods and our product category is one which matches this global trend", Sagar Daryani, the start-ups co-founder and CEO said, adding that momos in the international market will be an ...