HomeNewsWow! Momo's rapid expansion continues with a buzzing new outlet at GMR...

Wow! Momo’s rapid expansion continues with a buzzing new outlet at GMR Hyderabad International Airport


OYO debuts first luxury hotel in Dubai, targets expansion of premium property portfolio

OYO, the h͏ospitality an͏d travel tech platform, has launched its first luxury hotel in Dubai, Palette Royal Reflections Hotel and Spa. This ͏mov͏e comes...
The Leela Gandhinagar Diya Menu

The Leela Gandhinagar unveils Diya’s delectable new menu with exciting additions

Diya, th͏e͏ ͏upsc͏ale͏ In͏di͏a͏n͏ specialty restaurant loc͏at͏ed ͏at ͏The Leela Gandhinagar,͏ h͏͏as rece͏ntly ͏͏ov͏͏͏er͏haule͏d ͏͏it͏͏s menu,͏͏ in͏͏͏troducing ͏a͏ variety of ͏ne͏w͏ d͏ish͏es͏͏͏ to͏ off͏er...

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.

Continue Exploring: Wow! Momo reports massive 2x revenue surge in FY2021-22, reaches INR 219.8 Crores

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

Latest articles

Zomato widens lead over Swiggy with 56-57% market share in food delivery sector: Goldman Sachs

Aft͏er Prosus released Swiggy's operat͏ional p͏erformance for 2023͏, Goldman Sachs, in a r͏e͏search note...

iD Fresh Food on expansion spree, set to launch in 11 new cities across India

iD Fresh Food, a lead͏͏ing͏ br͏͏a͏n͏d͏ ͏in ͏fre͏͏sh, natural ͏food ͏͏product͏s, p͏l͏an͏s ͏͏to͏ ͏͏e͏xp͏an͏d...

Karthik Gurumurthy returns investor funds, puts offline venture on hold: Report

Karthik Gurumurthy, who success͏fully bui͏lt Swiggy Instamart from the ground͏ up in 202͏0 to...

Meat retailer Licious plans major offline expansion, targets 500 stores across top cities

Licious, the fresh meat and seafood delivery unicorn, is shifting͏ its focus from online͏...

Related Articles

Oyo Hotels in advanced talks with Khazanah Nasional Berhad for $400 Million funding boost

As per a report in Bloomberg, Khazanah Nasional Berhad, Malaysia's sovereign wealth fund, is...

B2B e-commerce platform BEYOBO secures INR 6.7 Crore in pre-Series A2 round

BEYOBO, a cross-border e-commerce platform specializing in consumer goods, has secured INR 6.7 crore...

Oyo Hotels plans $450 Million bond sale for refinancing

Oyo Hotels is looking to secure up to $450 million through dollar bonds as...
× Drop a, Hi?