Wow! Momo Raises INR 85 Cr Debt From Stride Ventures Newspoint  |  10/06/2025 20:39:19

Kolkata-based QSR chain Wow! Momo has raised INR 85 Cr (around $9.9 Mn) debt from Stride Ventures as it looks to strengthen its omnichannel strategy and expand presence in the FMCG vertical.

Additionally, Wow! Momo also plans to expand the footprint of its dine-in vertical.

Founded by Binod Kumar Homagai, Sagar Daryani and Shah Miftaur Rahman in 2008, Wow! Momo is a quick-service restaurant (QSR) chain with more than 630 outlets in over 35 cities.

The startup, which competes against the likes of Rebel Foods, Curefoods and EatClub in the restaurant and cloud kitchen segments, is also targeting 100 more cities over the next three years.

Wow! Momo’s in FY24. This was 0.53% higher than the loss of INR 113.8 Cr in the previous fiscal year.

Its operating revenue rose 13.83% to INR 470 Cr during the year under review from INR 412.9 Cr in FY23.

(The story will be updated soon.)

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