Latest news with #WowMomo
Fashion Network
14-06-2025
- Business
- Fashion Network
Kisah Apparels raises Rs 13 crore from Wow Momo, others
Men's ethnic wear brand Kisah Apparels has secured Rs 13 crore ($1.52 million) in a pre-series A funding round led by Sagar Daryani, founder of Wow Momo. The round also saw participation from Apoorv Salarpuria, Rahul Todi, Vinod Dugar, and Inflection Point Ventures. The company will utilise the funds to expand its offline footprint, scale its direct-to-consumer (D2C) business, and brand-building initiatives. Kisah claims to have grown from a revenue range of Rs 40 to 45 crore to a current run rate exceeding Rs 100 crore, all while maintaining positive operating cash flow and profitability. The brand's strategic roadmap focuses on expanding touchpoints, strengthening customer loyalty, and building a resilient omnichannel presence. Commenting on the funding, Yash Sarawagi, co-founder CEO of Kisah Apparels in a statement said, 'E-commerce gave us pan-India reach and deep customer insights, which are now fuelling our D2C and offline growth, backed by data, customer pull, and positive cash flow at the company level.' Founded in 2018 by Yash Sarawagi and Yashwi Ladasaria, the Kolkata-based brand offers ethnic wear tailored for Gen Z and millennial consumers. It currently runs two physical stores and plans to open three more across major Indian cities.
Time of India
12-06-2025
- Business
- Time of India
Ethnicwear brand Kisah Apparels raises Rs 13 crore from Wow Momo, others
Synopsis Men's ethnicwear brand Kisah Apparels has successfully raised Rs 13 crore in its latest funding round, led by Sagar Daryani of Wow Momo. With this fresh capital, the brand is set to enhance its physical retail footprint and direct-to-consumer initiatives.
Entrepreneur
10-06-2025
- Business
- Entrepreneur
Stride Ventures Invests INR 85 Crore in Wow! Momo
You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Stride Ventures has announced a debt investment of INR 85 crore in Wow! Momo Foods, one of India's leading quick-service restaurant (QSR) chains. The funding will be used to refinance existing loans and power the company's expansion across its QSR and fast-moving consumer goods (FMCG) verticals. Wow! Momo Foods, which houses brands including Wow! Momo, Wow! China, Wow! Chicken, and Wow! Kulfi, currently operates over 700 self-owned outlets across more than 70 Indian cities. The company has become a category-defining force in India's QSR landscape, demonstrating industry-leading same-store sales growth and a highly scalable omnichannel strategy encompassing dine-in, delivery, and FMCG formats. The brand's focus now includes scaling its FMCG vertical to INR 100 crore and aggressively expanding its newly launched HORECA (Hotel, Restaurant and Catering) division. The company also plans to expand its retail footprint to over 1,500 stores across more than 100 cities in the next three years. "The support from Stride Ventures marks a pivotal moment in our journey of redefining Indian QSR. With their partnership, we aim to scale new heights, introduce new formats, and continue building brands that India can be proud of," said Sagar Daryani, Co-founder and CEO of Wow! Momo. Apoorva Sharma, Founder and Managing Partner at Stride Ventures, added, "Wow! Momo is a reflection of India's evolving consumer story. Their passion for innovation and scale makes them a standout player in the food services sector. We are proud to support their journey as they continue to bring their culinary creations to every corner of the country." This debt investment marks another step in Stride Ventures' mission to back high-growth, category-leading startups. The firm remains focused on supporting businesses that are reshaping India's consumer and economic landscape through innovation and execution at scale. With an ambitious roadmap and a visionary founding team, comprising Sagar Daryani, Binod Homagai, Miftaur Rahman, and Murali Krishnan, Wow! Momo is poised for high-decibel growth across multiple channels over the next 24 to 36 months.
News18
09-06-2025
- Business
- News18
'Why Order From A Place That Serves Non-Veg Too?': Consumer Court Sides With 'Wow Momo'
Last Updated: On December 19, 2020, two customers at Wow Momo in Sion claimed they ordered vegetarian 'Darjeeling Momos' but were served chicken momos despite twice specifying veg A consumer dispute redressal commission in Mumbai ruled that if non-vegetarian food hurts the religious sentiments of a vegetarian, they should avoid places serving both vegetarian and non-vegetarian food. The Mumbai Suburban (Additional) District Consumer Disputes Redressal Commission addressed a complaint where two individuals claimed they were served non-vegetarian dishes despite ordering vegetarian food at a restaurant. The commission stated that 'a reasonable person can differentiate between vegetarian and non-vegetarian food before consuming it." 'If the complainant is a vegetarian and his religious sentiments are hurt by non-vegetarian food, then why did he choose a restaurant where both vegetarian and non-vegetarian food was available instead of ordering from a restaurant serving only vegetarian food," it added. On December 19, 2020, the complainants reportedly visited the 'Wow Momo' restaurant in Sion, Mumbai, where they ordered a soft drink and steamed 'Darjeeling Momos.' They asserted that they had specified their vegetarian preference twice but were served steamed 'Chicken Darjeeling Momos' instead. The complainants alleged that the restaurant staff ignored their requests and that vegetarian and non-vegetarian options were not clearly indicated on the restaurant's 'board'. As a result, they sought compensation of Rs 6 lakh for mental stress, emotional distress and harm to religious sentiments. The company defended itself by stating that the complainants had indeed ordered non-vegetarian momos, as reflected in the bill. The company also claimed that the complainants behaved inappropriately with the staff and caused a disturbance, leading to a refund and free food being offered. Additionally, the company provided a voucher worth Rs 1,200 as a goodwill gesture, but the complainants demanded Rs 3 lakh. The company alleged that the complaint was intended to harass them. First Published: June 09, 2025, 13:52 IST
