Wow! Momo, a Kolkata-based QSR, has expanded its presence by launching a new outlet at the GMR Hyderabad International Airport, as announced in a social media post by a GMR official.
“A brand which started in 2008 by four founders with a vision to create a desi QSR brand with the concept of desi Momo chain “Wow Momo” is now open at GMR Hyderabad International Airport Ltd,” said Prem Khatri, Business Development Manager, GMR Group in a LinkedIn post.
“The brand is located on the ground floor at the much-happening place of Hyderabad- Aero Plaza a place envisaged within the Airport for people to enjoy with your friends & family whether you are a passenger or non-passenger. Welcome Wow! Momo to Hyderabad Airport,” added Khatri.
The newly opened outlet is situated on the ground floor of Hyderabad Aero Plaza.
Since its establishment in 2008, Wow! Momo has experienced significant growth, boasting a presence of over 650 stores throughout India. The brand operates across three formats: Wow! Chicken with 42 stores, Wow! China with 153 stores, and Wow! Momo with a remarkable presence of over 460 stores in 32 cities nationwide. These establishments are strategically located in various states, including Bihar, Delhi, Goa, Gujarat, Haryana, Jharkhand, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Odisha, Punjab, Rajasthan, Tamil Nadu, Telangana, Uttar Pradesh, Uttarakhand, and West Bengal.
Established by Sagar Daryani and Binod Homagai, Wow! Momo witnessed a remarkable 2X surge in revenue from operations, reaching INR 219.8 crore in FY21-22. This marked a substantial increase from the INR 106 crore recorded in the preceding year.
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Last month, Wow! Momo secured over INR 350 crore in funding from Khazanah Nasional Berhad, the sovereign wealth fund of Malaysia. This financial infusion involves both primary capital injection and a secondary purchase from early-stage investors, including the Indian Angel Network and Lighthouse Funds.
Looking ahead, Wow! Momo has strategic visions for its next phase of evolution, which involve plans for an IPO, global expansion, and venturing into the packaged foods market.
Continue Exploring: Wow! Momo Foods secures INR 350 Crore funding led by Malaysia’s Khazanah Nasional Berhad, eyes aggressive expansion