Started with ? 30,000 and became ? 860 crore food Brand – Wow Momos Success Story
Goodness! Momo, India's quickest developing momo chain is begun by colleagues Sagar Daryani and Binod Kumar Homagai, who began selling steamed momos from their 6 by 6 stand in Springdale Spencer in 2008. The Food Company began from a carport in Kolkata, West Bengal, India.
Amazing! Momo's first kitchen was a 200 square foot room and they took the crude material using a loan from a neighborhood supermarket to kick things off. The primary kitchen began with just a solitary table and two low maintenance gourmet experts who chipped away at an ostensible compensation.
Amazing! Momo, an Indian chain of drive-through joints began with a pitiful speculation of ?30,000 and now remains at a fabulous total assets of ?860 crores.
Sagar Daryani and Binod Kumar Homagai are graduated class of St. Xavier's College, Kolkata. Goodness! Momo gaining practical experience in momos, a dumpling famous in India, Nepal, and Tibet. The organization is settled in Kolkata, West Bengal.
After speculation by Tiger Global Management of ?130cr, the food organization was esteemed at over ?860 crores In 2019. The underlying stores were stands inside Spencer's Retail in Gachtala Tollygunge in south Kolkata and Big Bazaar hypermarkets Kolkata on lease for a month at 18 percent income share on 29 August 2008, which cleared a path for opening food outlets in business areas like shopping centers and tech parks.
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In the underlying days, Sagar Daryani and Binod Kumar Homagai approach each individual entering the Spencers store and request that they test the momos. They would wear a Wow! Momo T-shirt. Over the course of the following two years, They open comparable booths in a different business area, tech parks, shopping centers and hypermarkets across the city.
Goodness! Momo has extended to Kolkata, Noida, Gurgaon, Mumbai, Chennai, Lucknow, Delhi, Bengaluru, Cuttack, Puri, Kochi, Bhubaneswar, and Kanpur. Goodness! Momo has more than 200 outlets across 13 urban areas in India as of October 2018. Seared momos turned into their USP. Serving heavenly momos is the brand's plan.
They offer 16 distinct assortments of momos for vegans and Non-veggie lovers. For veggie lovers, WOW! Momo contributions incorporate corn and corn and cheddar, among others. Non-veggie lovers they offer chicken and cheddar, chicken, prawn, and schezwan. They offer chocolate momos too!
With a speculation of Rs 14 lakh, Sagar Daryani and Binod Kumar Homagai thought of their first autonomous outlet in 2010 at Sector V in Salt Lake, Kolkata where they started has now extended to 1,200 sq ft.
Amazing! Momo dispatched an outlet at Phoenix Market City in Bengaluru in 2011. This is the principal branch out of Kolkata. They have not thought back from that point onward. Today, the Food organization brags of having 130 outlets in the country.
The food organization has 900 individuals dealing with the customer facing facades and more than 700 individuals utilized in backend creations. The group follows a normalized formula and cooking strategy. All the Wow! Momo outlets are possessed by the organization. Momo has been dispatched incorporate Delhi, Kochi Bengaluru, and Pune. Goodness! Momo won the Best Food and Agri Products' and furthermore the 'Best SME of the Year Award in 2013.
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The drive-through eatery fasten plans to grow quickly in Delhi NCR, Kolkata, and Bengaluru during this year. The organization additionally designs a little extension arranged in Chennai. It is additionally seeing entering new business sectors, for example, Mumbai, Hyderabad in the following financial year.