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Wow! Momo | A momo QSR chain that started from a kiosk in Kolkata

2026.03.26

Article summary

Wow! Momo is a QSR chain serving momo (steamed dumplings), founded in Kolkata in 2008. Its co-founders are Sagar Daryani, Binod Kumar Homagai and Shah Miftaur Rahman. Operating revenue for FY2024 (fiscal year ended March 2024) was ₹470 crore (1 crore = 10 million rupees), up 13% year on year, with more than 600 stores in more than 35 cities, about 2,380 employees and cumulative funding of about 153.96 million dollars. It also runs Wow! China and Wow! Chicken.

This article is based on what we could verify As of September 19, 2026 This page is based on the disclosures and news reports from each company that we were able to confirm as of that date. Amounts in the text follow the notation commonly used in India, with ₹1 crore = 10 million rupees, and yen figures are approximations calculated at a little over 1.7 yen to the rupee. Store counts, funding raised, and results at Indian companies change over short periods, so when making a business decision, please check the latest information in primary sources such as each company's own announcements.

Wow! Momo is a QSR that took the momo, a steamed dumpling of Tibetan origin, and sold it again as a chain store product rather than street stall food. It started in 2008 from a kiosk of about 3.3 square meters in Kolkata.

Company profile

Item	Details
Legal name	Wow! Momo Foods Private Limited
Year founded	2008
Headquarters	Kolkata (West Bengal)
Co-founders	Sagar Daryani, Binod Kumar Homagai, Shah Miftaur Rahman
Revenue (operating revenue)	₹470 crore (FY2024 = fiscal year ended March 2024 / up 13% from ₹413 crore the year before). Total income was ₹478.7 crore
Number of stores	More than 600 stores (more than 35 cities)
Employees	About 2,380 people
Total funding raised	About 153.96 million dollars (12 rounds. Most recently December 2025)
Listing	Unlisted
Official website	wowmomo.in

Business and strengths

Alongside steamed momo, fried momo and tandoori momo, it has items such as the MoBurg, which puts momo filling between buns, building derivative products out of a single ingredient so customers do not tire of it. Because the price point is low, it also works in food courts and small units in malls.

It also holds separate brands such as Wow! China and Wow! Chicken, reusing the same cooking equipment and staff across them.

Recent developments

Operating revenue for FY2024 (fiscal year ended March 2024) was ₹470 crore, up 13% year on year. Cumulative funding is about 153.96 million dollars, with the most recent round in December 2025. There have been reports of an IPO targeted for 2027, but the company says reaching ₹1,000 crore in revenue is a condition, so the timing is not fixed.

Points for Japanese companies

A product close to gyoza has become a nationwide chain in India. For Japanese prepared food and frozen food makers, that also means the competition in this market has already grown. Consumers in cities are already used to filling wrapped in a steamed skin, which is the base to build on when bringing in gyoza or shumai.