Wow Momos Success Story – A Journey From ₹ 30,000 to ₹ 860 Crores Food Business Enterprise
Started with ₹ 30,000 and became a ₹ 860 crore meals emblem – Wow Momos fulfillment tale
Wow! Momo, India’s quickest developing momo chain, was started via classmates Sagar Daryani and Binod Kumar Homagai, who commenced promoting steamed momos from their 6 by using 6 kiosks in Springdale Spencer in 2008. The food business enterprise commenced from storage in Kolkata, West Bengal, India.
WOW! Momo’s first kitchen changed into a 200-square-foot room and they took the raw cloth on credit score from a local grocery keep to get matters commenced.
The first kitchen began with only a single desk and component-time cooks who worked on a nominal income.
Wow! Momo, an Indian chain of speedy-food restaurants began with a meager investment of ₹30,000 and now stands at an attractive internet well worth of ₹860 crores.
Sagar Daryani and Binod Kumar Homagai are graduates of St. Xavier’s University, Kolkata. Wow! Momo specializes in momos, a dumpling famous in India, Nepal, and Tibet. The business enterprise is situated in Kolkata, West Bengal.
After funding by using Tiger international management of ₹130cr, the meals agency became worth over ₹860 crores In 2019.
The preliminary stores had been kiosks in Spencer’s Retail in Gachtala, Tollygunge in south Kolkata, and large Bazaar hypermarkets for opening meal outlets in industrial locations like malls and tech parks.
In the initial days, Sagar Daryani and Binod Kumar Homagai approached anyone coming into the SpenSpencerre and asked them to sample the momos.
They might put on a Wow! Momo T-blouse. Over the following years, they opened comparable kiosks in numerous industrial areas, tech parks, shops, and hypermarkets across the town.
WOW! Momo has extended to Kolkata, Noida, Gurgaon, Mumbai, Chennai, Lucknow, Delhi, Bengaluru, Cuttack, Puri, Kochi, Bhubaneswar, and Kanpur.
WOW! Momo has over two hundred shops across thirteen cities in India as of October 2018. Fried Momo is their USP. Serving scrumptious momos is the brand’s timetable.
They offer 16 one-of-a-kind sorts of momos for vegetarians and Non-vegetarians. WOW for vegetarians! Momo services encompass corn and corn and cheese, amongst others.
Non-vegetarians offer chook and cheese, hen, prawn, and schezwan. They offer chocolate momos as properly!
With an investment of Rs 14 lakh, Sagar Daryani and Binod Kumar Homagai set up their first independent outlet in 2010 at region V in Salt Lake, Kolkata, where they started in the set. It has now accelerated to 1-2 hundred square ft.
Wow! Momo released an outlet at Phoenix market town in Bengaluru in 2011, which is the primary department outside of Kolkata.
lower no longer looked lower back than ever, considering that the meals organization boasts of having one hundred thirty outlets inside the States.
The meals business enterprise has 900 human beings coping with the storefronts and over seven-hundred human beings employed in backend production.
The team follows a standardized recipe and cooking methodology. All the Wow! Momo shops are owned via the enterprise.
Momo has been released and consists of Delhi, Kochi, Bengaluru, and Pune. Wow! Momo received the great food & Agri products and also the ‘nice SME of the 12 months Award in 2013.
The enterprise also plans a small deliberate expansion in Chennai., it is also searching at coming into new markets along with Mumbai and Hyderabad in the next economic year.