Stride Ventures Infuses ₹85 Cr into Wow! Momo to Power Omnichannel Growth

Wow! Momo Foods, India’s category-defining QSR brand, has raised ₹85 Cr in debt funding from Stride Ventures, marking a strategic capital infusion to accelerate its omnichannel expansion across dine-in, delivery, FMCG, and HORECA verticals.

Built by founders Sagar J Daryani, Binod Homagai, Shah Miftaur Rahman, and Murali Krishnan, the group is behind Wow! Momo, Wow! China, Wow! Chicken, and Wow! Kulfi — and is now crafting one of India’s most powerful ecosystems of homegrown food brands.

With 700+ self-owned stores across 70+ cities, Wow! Momo has delivered industry-leading same-store sales growth, consistent unit economics, and exceptional brand recall.

The capital will support:

> Rapid FMCG vertical scale-up toward a ₹100 Cr target

> Nationwide expansion of its new HORECA division

> Store footprint growth to 1500+ outlets across 100+ cities in the next 3 years

Stride Ventures’ Managing Partner Apoorva Sharma said, “Wow! Momo reflects India’s evolving consumer story. Their passion for innovation and scale makes them a standout player in food services.”

As a platform, Wow! Momo is reshaping India’s QSR and retail-ready food landscape — delivering innovation across every consumption touchpoint with a blend of format diversity, brand depth, and execution at scale.