The newly opened outlet is located on the ground floor of Hyderabad Aero Plaza
New Delhi: Kolkata-based QSR chain Wow! Momo has opened a new outlet at the GMR Hyderabad International Airport, a social media post by a GMR official said.
“A brand which started in 2008 by four founders with a vision to create a desi QSR brand with the concept of desi Momo chain “Wow Momo” is now open at GMR Hyderabad International Airport Ltd,” said Prem Khatri, Business Development Manager, GMR Group in a LinkedIn post.
“The brand is located on the ground floor at the much-happening place of Hyderabad- Aero Plaza a place envisaged within the Airport for people to enjoy with your friends & family whether you are a passenger or non-passenger. Welcome Wow! Momo to Hyderabad Airport,” added Khatri.
The newly opened outlet is located on the ground floor of Hyderabad Aero Plaza.
According to Indiaretailing Insights, Wow! Momo has achieved growth since its inception in 2008, with over 650 stores spread across India. The brand operates in three formats: Wow! Chicken with 42 stores, Wow! China with 153 stores, and Wow! Momo with over 460 stores in 32 cities nationwide. These stores are located in states like Bihar, Delhi, Goa, Gujarat, Haryana, Jharkhand, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Odisha, Punjab, Rajasthan, Tamil Nadu, Telangana, Uttar Pradesh, Uttarakhand, and West Bengal.
Founded by Sagar Daryani and Binod Homagai, Wow! Momo reported a 2X increase in revenue from operations, reaching Rs 219.8 crore in FY21-22 compared to Rs 106 crore in the previous year, as per the Images Retail Magazine.
Last month, the company raised over Rs 350 crore from Khazanah Nasional Berhad, the sovereign wealth fund of Malaysia. The investment will be made through both primary infusion and secondary purchase from early-stage investors, the Indian Angel Network and Lighthouse Funds.
Looking ahead, Wow! Momo envisions the next phase of its evolution, including plans for an IPO, global expansion, and venturing into the packaged foods market.
