Wow! Momo Secures Rs85 Crore Debt From Stride Ventures for Omnichannel Growth
The investment will support scaling the FMCG segment to Rs100 crore this year, enabling expansion to more than 1,500 outlets within three years.
Overview
- Wow! Momo currently runs over 700 self-owned outlets across more than 70 cities.
- This debt infusion follows a $49 million equity raise led by Malaysia’s Khazanah Nasional Berhad in January 2024.
- Proceeds are earmarked to enhance dine-in, delivery and FMCG verticals under brands such as Wow! China and Wow! Chicken.
- The company plans to expand its HoReCa arm and achieve Rs100 crore in FMCG revenue by year-end.
- Growth will help offset slowing delivery demand and high platform commissions in India’s QSR market.