Just a month after opening its maiden outlet in Delhi at Kamla Nagar Market, Kolkata-based QSR chain WOW! Momo has opened its flagship outlet in New Delhi’s Hauz Khas Village.
Located at a prime location in Hauz Khas Village, the Wow! Momo outlet occupies 800 square feet area. The six-year-old chain has a total of 50 stores in five cities, albeit all in south and east India.
The brand is known for the constant innovation and invention with momos. There menu caters to 11 different flavors of momos available in steamed, fried and pan fried formats largely in white and brown flour variants.
Indiaretailing reported last month about Wow! Momo’s plan to open 60 outlets across India in two years’ time.
“This launch is in line with our plan to open 60 outlets across India in two years’ time. Out of these 60 stores, at least 30 outlets will be opened in New Delhi,” Sagar Daryani, CEO of WOW! Momo, told Indiaretailing.
The company raised over Rs 10 crore in a first round of funding from founder and Vice Chairman of Naukri.com, Sanjeev Bikhchandani in June this year.
WOW! Momo claims to be a country’s largest momo chain in terms of volumes and turnover. “We started with an initial investment of only Rs 30,000 and are currently clocking a turnover of approx Rs 2 crores per month. Our constant innovation has helped us so far to become country’s largest momo chain,” Daryani said.
Wow! Momo reported a turnover of Rs 11 crores in the last fiscal and expects a turnover of over Rs 20 crores in the current financial year.
The brand is currently serving these little pockets of delights in 8 cities which include Kolkata and suburbs, Delhi, Gurgaon, Noida, Bangalore, Chennai, Kochi and Pune
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