<?xml version="1.0" encoding="UTF-8"?><rss version="2.0"
	xmlns:content="http://purl.org/rss/1.0/modules/content/"
	xmlns:wfw="http://wellformedweb.org/CommentAPI/"
	xmlns:dc="http://purl.org/dc/elements/1.1/"
	xmlns:atom="http://www.w3.org/2005/Atom"
	xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
	xmlns:slash="http://purl.org/rss/1.0/modules/slash/"
	>

<channel>
	<title>Wow! Momo Foods Archives - Business of Food</title>
	<atom:link href="https://www.businessoffood.in/tag/wow-momo-foods/feed/" rel="self" type="application/rss+xml" />
	<link>https://www.businessoffood.in/tag/wow-momo-foods/</link>
	<description>Latest Food News, Food Industry News &#38; Business Update</description>
	<lastBuildDate>Fri, 29 May 2026 08:59:24 +0000</lastBuildDate>
	<language>en-US</language>
	<sy:updatePeriod>
	hourly	</sy:updatePeriod>
	<sy:updateFrequency>
	1	</sy:updateFrequency>
	<generator>https://wordpress.org/?v=7.0.2</generator>

<image>
	<url>https://www.businessoffood.in/wp-content/uploads/2024/01/cropped-Food-in-32x32.png</url>
	<title>Wow! Momo Foods Archives - Business of Food</title>
	<link>https://www.businessoffood.in/tag/wow-momo-foods/</link>
	<width>32</width>
	<height>32</height>
</image> 
<site xmlns="com-wordpress:feed-additions:1">227603187</site>	<item>
		<title>As India celebrates International Burger Day 2026 alongside Eid festivities, India’s burger boom is becoming bigger, bolder and more local</title>
		<link>https://www.businessoffood.in/as-india-celebrates-international-burger-day-2026-alongside-eid-festivities-indias-burger-boom-is-becoming-bigger-bolder-and-more-local/</link>
		
		<dc:creator><![CDATA[R S Roy]]></dc:creator>
		<pubDate>Fri, 29 May 2026 07:20:35 +0000</pubDate>
				<category><![CDATA[In Focus]]></category>
		<category><![CDATA[Research]]></category>
		<category><![CDATA[Burgers]]></category>
		<category><![CDATA[Food and Beverage]]></category>
		<category><![CDATA[food retail]]></category>
		<category><![CDATA[International Burger Day 2026]]></category>
		<category><![CDATA[MoBurg]]></category>
		<category><![CDATA[QSR]]></category>
		<category><![CDATA[Quick Service Restaurant sector]]></category>
		<category><![CDATA[Retail Industry]]></category>
		<category><![CDATA[Retail News]]></category>
		<category><![CDATA[Sagar Daryani]]></category>
		<category><![CDATA[Wow! Momo]]></category>
		<category><![CDATA[Wow! Momo Foods]]></category>
		<guid isPermaLink="false">https://www.businessoffood.in/?p=15281</guid>

					<description><![CDATA[<p>“Burgers are a bundle of joy for the QSR industry!” says&#160;Sagar&#160;J&#160;Daryani, Co-Founder &#38; CEO, Wow! Momo Foods, summing up the explosive momentum currently reshaping India’s fast-food landscape. As India celebrates International Burger Day 2026 alongside Eid festivities in several parts of the country, burgers have emerged as far more than a Western fast-food import. Today, [&#8230;]</p>
<p>The post <a href="https://www.businessoffood.in/as-india-celebrates-international-burger-day-2026-alongside-eid-festivities-indias-burger-boom-is-becoming-bigger-bolder-and-more-local/">As India celebrates International Burger Day 2026 alongside Eid festivities, India’s burger boom is becoming bigger, bolder and more local</a> appeared first on <a href="https://www.businessoffood.in">Business of Food</a>.</p>
]]></description>
										<content:encoded><![CDATA[
<p class="wp-block-paragraph">“Burgers are a bundle of joy for the QSR industry!” says&nbsp;Sagar&nbsp;J&nbsp;Daryani, Co-Founder &amp; CEO, Wow! Momo Foods, summing up the explosive momentum currently reshaping India’s fast-food landscape.</p>



<p class="wp-block-paragraph">As India celebrates International Burger Day 2026 alongside Eid festivities in several parts of the country, burgers have emerged as far more than a Western fast-food import. Today, they represent one of the country’s most dynamic, localized, and innovation-driven food categories—spanning everything from flame-grilled Whoppers and gourmet smash burgers to vada pav-inspired creations and momo-filled fusion burgers.</p>



<p class="wp-block-paragraph">India’s burger market now sits at the intersection of convenience, delivery-first consumption, regional flavor adaptation, and premium experimentation. The category is witnessing rapid expansion across metros, transit hubs, Tier-2 and Tier-3 towns, cloud kitchens, cafés, bakeries, and even traditional vegetarian restaurant chains.</p>



<p class="wp-block-paragraph">Among the companies redefining this evolution, few brands symbolize India’s localized burger revolution better than Wow! Momo Foods.</p>



<p class="wp-block-paragraph"><strong>The Rise of the “MoBurg”</strong></p>



<p class="wp-block-paragraph">While global QSR giants built India’s burger culture around patties and buns, Wow! Momo disrupted conventional thinking by creating an entirely new hybrid category—the famous “MoBurg.”</p>



<p class="wp-block-paragraph">Instead of using a standard potato or chicken patty, the MoBurg places two crispy fried momos directly inside a burger bun, layered with mayonnaise, fiery red momo chutney, and green mint sauce.</p>



<p class="wp-block-paragraph">The result is a uniquely Indian-Asian fast-food mashup that resonates strongly with younger consumers looking for novelty, spice, indulgence, and affordability all at once.</p>



<p class="wp-block-paragraph">Variants like the Chicken Cheese MoBurg, Corn Cheese MoBurg, and Veggie MoBurg have helped transform the product into one of India’s most recognizable fusion fast-food innovations.</p>



<p class="wp-block-paragraph">Importantly, the concept also reflects a much larger structural shift within India’s QSR ecosystem—the growing success of culturally adapted fast-food formats instead of standardized Western replicas.</p>



<p class="wp-block-paragraph"><strong>Wow! Chicken: Reimagining the Burger Experience</strong></p>



<p class="wp-block-paragraph">Under the same parent company, Wow! Chicken has further expanded the company’s burger ambitions through chicken-focused innovations positioned as cleaner, healthier, and flavor-driven alternatives.</p>



<p class="wp-block-paragraph">Unlike many conventional fast-food formats, Wow! Chicken emphasizes burgers free from added MSG (Ajinomoto), artificial colours, and chicken skin—an increasingly important proposition for younger health-conscious consumers.</p>



<p class="wp-block-paragraph">Its Chicken Kurkure Burger stands out for using crunchy masala-coated crumbs inspired by the hugely popular Kurkure-style texture profile familiar to Indian snack consumers.</p>



<p class="wp-block-paragraph">The menu also experiments aggressively with international flavor inspirations:</p>



<ul class="wp-block-list">
<li>&#8211; Korean Barbeque Burger with sweet-spicy glaze and cheesy jalapeños</li>



<li>&#8211; Tandoori Grilled Chicken Burger with smoky Indian flavors</li>



<li>&#8211; Peri Peri Chicken Grilled Burger for spice-loving consumers seeking grilled alternatives</li>
</ul>



<p class="wp-block-paragraph">This ability to blend global trends with local familiarity has become one of the strongest growth drivers in India’s modern burger category.</p>



<p class="wp-block-paragraph"><strong>India’s Burger Ecosystem Is Rapidly Diversifying</strong></p>



<p class="wp-block-paragraph">The Indian burger market is no longer controlled solely by multinational giants.</p>



<p class="wp-block-paragraph">Today, the ecosystem is structurally divided across multiple layers:</p>



<p class="wp-block-paragraph"><strong>The Global Giants</strong></p>



<p class="wp-block-paragraph">McDonald’s, Burger King, KFC, and Wendy’s continue to dominate large-scale organized burger retail through aggressive value pricing, deep app integration, delivery-led sales, kiosks, and high-frequency digital engagement.</p>



<p class="wp-block-paragraph"><strong>India’s Homegrown Burger Specialists</strong></p>



<p class="wp-block-paragraph">Brands like Burger Singh, Jumboking, Biggies Burger, The Burger Company, Wat-a-Burger, Burgrill, and Goli Vada Pav have successfully localized burger culture for Indian tastes and price sensitivities.</p>



<p class="wp-block-paragraph">These players are expanding rapidly into Tier-2 and Tier-3 markets where aspirational fast-food consumption continues to accelerate.</p>



<p class="wp-block-paragraph"><strong>Gourmet &amp; Smash Burger Innovators</strong></p>



<p class="wp-block-paragraph">Leon&#8217;s, Good Flippin’ Burgers, Louis Burger, Burgerama, BurgerMan, and BOSS Burger are driving premiumization through gourmet buns, smash techniques, artisanal ingredients, and cloud-kitchen scalability.</p>



<p class="wp-block-paragraph"><strong>Traditional Indian Snack Chains Entering Burger Culture</strong></p>



<p class="wp-block-paragraph">One of the most interesting developments is how traditional Indian snack chains and bakery brands are quietly integrating burgers into their menus.</p>



<p class="wp-block-paragraph">Haldiram’s, Bikanervala, Nirula’s, A2B, Saravana Bhavan, Sangeetha, Theobroma, and Chappan Bhog are all participating in this larger fast-food convergence through localized veggie burgers, paneer burgers, slider formats, and fusion snack counters.</p>



<p class="wp-block-paragraph"><strong>Delivery, Quick Commerce &amp; Convenience Are Reshaping Consumption</strong></p>



<p class="wp-block-paragraph">The burger category’s growth is being accelerated significantly by food delivery and quick-commerce infrastructure.</p>



<p class="wp-block-paragraph">Platforms like Swiggy and Zomato have normalized burger consumption across lunch, snacking, dinner, and late-night ordering occasions, while Blinkit, Zepto, and Swiggy Instamart are rapidly enabling ready-to-cook burger products to reach homes within minutes.</p>



<p class="wp-block-paragraph">Consumers are increasingly replicating café-style burger builds at home using frozen patties, sauces, buns, and ready-to-cook kits.</p>



<p class="wp-block-paragraph">This convergence between QSRs, frozen foods, quick commerce, and delivery ecosystems is creating one of the most competitive and innovation-heavy categories within Indian foodservice today.</p>



<p class="wp-block-paragraph"><strong>Burgers Are Becoming Deeply Indian</strong></p>



<p class="wp-block-paragraph">Perhaps the biggest transformation of all is cultural. India’s burger market today is no longer simply copying Western formats. Instead, it is creating entirely new food identities built around:</p>



<ul class="wp-block-list">
<li>&#8211; spicy potato patties</li>



<li>&#8211; paneer fillings</li>



<li>&#8211; tandoori marinades</li>



<li>&#8211; momo-burger hybrids</li>



<li>&#8211; smash-style local adaptations</li>



<li>&#8211; vada pav inspirations</li>



<li>&#8211; Korean and Asian flavor mashups</li>



<li>&#8211; street-food influenced sauces and textures</li>
</ul>



<p class="wp-block-paragraph">The modern Indian burger is becoming a reflection of India’s own evolving urban food culture—young, experimental, delivery-friendly, highly visual, affordable, and constantly hybridized.</p>



<p class="wp-block-paragraph">And if the rise of products like the MoBurg is any indication, the future of India’s burger industry may increasingly belong not to imported concepts, but to homegrown innovations that reinterpret global fast food through an unmistakably Indian lens.</p>
<p>The post <a href="https://www.businessoffood.in/as-india-celebrates-international-burger-day-2026-alongside-eid-festivities-indias-burger-boom-is-becoming-bigger-bolder-and-more-local/">As India celebrates International Burger Day 2026 alongside Eid festivities, India’s burger boom is becoming bigger, bolder and more local</a> appeared first on <a href="https://www.businessoffood.in">Business of Food</a>.</p>
]]></content:encoded>
					
		
		
		<post-id xmlns="com-wordpress:feed-additions:1">15281</post-id>	</item>
		<item>
		<title>Sagar Daryani Aims for 1,000+ Stores, Rs. 1,000+ Crore Topline for Wow! Momo Foods</title>
		<link>https://www.businessoffood.in/sagar-daryani-aims-for-1000-stores-rs-1000-crore-topline-for-wow-momo-foods/</link>
		
		<dc:creator><![CDATA[R S Roy]]></dc:creator>
		<pubDate>Thu, 14 Aug 2025 10:59:26 +0000</pubDate>
				<category><![CDATA[Food Service]]></category>
		<category><![CDATA[In Focus]]></category>
		<category><![CDATA[Business Of Food]]></category>
		<category><![CDATA[Emerging Food Products 2025]]></category>
		<category><![CDATA[FMCG Brands]]></category>
		<category><![CDATA[Food and Beverage]]></category>
		<category><![CDATA[Food Business Analysis]]></category>
		<category><![CDATA[Food Business Investment Opportunities]]></category>
		<category><![CDATA[Food Business Update]]></category>
		<category><![CDATA[Food Delivery Trends]]></category>
		<category><![CDATA[Food Entrepreneurship Ideas]]></category>
		<category><![CDATA[Food Industry]]></category>
		<category><![CDATA[Food Industry Trends 2025]]></category>
		<category><![CDATA[Food Marketing Strategies]]></category>
		<category><![CDATA[Food News India]]></category>
		<category><![CDATA[food retail]]></category>
		<category><![CDATA[Food Retail News]]></category>
		<category><![CDATA[Food Service Industry Growth]]></category>
		<category><![CDATA[Food Startup Tips]]></category>
		<category><![CDATA[Food Supply Chain Innovations]]></category>
		<category><![CDATA[Food technology]]></category>
		<category><![CDATA[Health Conscious Food Options]]></category>
		<category><![CDATA[Latest Food Business Insights]]></category>
		<category><![CDATA[Mithun Appaiah]]></category>
		<category><![CDATA[Organic Food Business Insights]]></category>
		<category><![CDATA[Restaurant Business Growth]]></category>
		<category><![CDATA[Restaurant Tech Innovations]]></category>
		<category><![CDATA[Retail Industry]]></category>
		<category><![CDATA[Retail News]]></category>
		<category><![CDATA[Sagar Daryani]]></category>
		<category><![CDATA[Sustainable Food Practices]]></category>
		<category><![CDATA[Wow! Momo Foods]]></category>
		<guid isPermaLink="false">https://www.businessoffood.in/?p=11453</guid>

					<description><![CDATA[<p>Wow! Momo Foods, India&#8217;s trailblazing QSR brand, has launched FY26 with extraordinary pace—adding 80 new outlets in four months and entering 15 new cities, bringing its network to 780+ stores across 75+ cities. At the helm, Co-founder &#38; CEO Sagar Daryani has laid out an ambitious blueprint: cross 1,000 stores and hit Rs. 1,000 crore in revenue by March 2026. “We are [&#8230;]</p>
<p>The post <a href="https://www.businessoffood.in/sagar-daryani-aims-for-1000-stores-rs-1000-crore-topline-for-wow-momo-foods/">Sagar Daryani Aims for 1,000+ Stores, Rs. 1,000+ Crore Topline for Wow! Momo Foods</a> appeared first on <a href="https://www.businessoffood.in">Business of Food</a>.</p>
]]></description>
										<content:encoded><![CDATA[
<p class="wp-block-paragraph">Wow! Momo Foods, India&#8217;s trailblazing QSR brand, has launched FY26 with extraordinary pace—adding <strong>80 new outlets in four months</strong> and entering <strong>15 new cities</strong>, bringing its network to <strong>780+ stores across 75+ cities</strong>. At the helm, Co-founder &amp; CEO <strong>Sagar Daryani</strong> has laid out an ambitious blueprint: <strong>cross 1,000 stores and hit Rs. 1,000 crore in revenue by March 2026</strong>.</p>


<div class="wp-block-image">
<figure class="aligncenter size-large"><img fetchpriority="high" decoding="async" width="1024" height="573" src="https://www.businessoffood.in/wp-content/uploads/2025/08/Table-1024x573.jpg" alt="" class="wp-image-11454" srcset="https://www.businessoffood.in/wp-content/uploads/2025/08/Table-1024x573.jpg 1024w, https://www.businessoffood.in/wp-content/uploads/2025/08/Table-300x168.jpg 300w, https://www.businessoffood.in/wp-content/uploads/2025/08/Table-768x430.jpg 768w, https://www.businessoffood.in/wp-content/uploads/2025/08/Table-150x84.jpg 150w, https://www.businessoffood.in/wp-content/uploads/2025/08/Table-696x390.jpg 696w, https://www.businessoffood.in/wp-content/uploads/2025/08/Table-1068x598.jpg 1068w, https://www.businessoffood.in/wp-content/uploads/2025/08/Table.jpg 1100w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
</div>


<p class="wp-block-paragraph">“We are thrilled to start FY26 on such a high note – while scaling at a pace few in the QSR sector can match. These 80 stores and entry into 15 new cities underline our ambition to make Wow! Momo a national pride,” said Sagar Daryani.<br>“The first four months of FY26 have also seen continued investment in product innovation, digital ordering with launch of our own app Wow! Eats, and building a solid tech stack for the back-end, ensuring that expansion goes hand in hand with strong unit economics, profitability and customer satisfaction. From Korean momos to launch of Gluten free momos with Chef Ranveer Brar; innovation and strong operational DNA remains to driving the scale for us at Wow! Momo Foods.”</p>



<p class="wp-block-paragraph"><strong>FMCG Business Build-Out</strong></p>



<p class="wp-block-paragraph">Heading the brand’s FMCG ambitions is&nbsp;<strong>Mithun Appaiah</strong>, appointed CEO of the FMCG division and bringing over two decades of industry experience across Nestlé, Britannia, Sumeru, and more. His mandate: develop a “full-stack FMCG business” under the Wow! brand—spanning momos, sauces, noodles, and beverages—both for India and select international markets.</p>



<p class="wp-block-paragraph">“For us FMCG is going to be the anchor of our next phase of growth,” Sagar Daryani emphasized.<br></p>



<p class="wp-block-paragraph">Meanwhile, the brand is targeting <strong>Rs. 100 crore in FMCG revenue</strong> in the near term, driven by frozen momos and private-label innovation.<br></p>



<p class="wp-block-paragraph"><strong>Digital Transformation: CTO Takes Charge</strong></p>



<p class="wp-block-paragraph">To boost digital agility and operational scale, Wow! Momo recently appointed&nbsp;<strong>Nimish Chaudhary</strong>—formerly VP of Engineering at Jubilant FoodWorks—as its new&nbsp;<strong>Chief Technology Officer</strong>. His focus areas include:</p>



<ul class="wp-block-list">
<li>Building a <strong>multi-tenant, in-house food-tech platform</strong> for all domestic and international operations.</li>



<li>Enhancing the <strong>Wow! Eats app</strong>, modernizing store tech, and streamlining back-end operations.</li>



<li>Leading innovation from the newly opened <strong>Wow! Tech Innovation Hub</strong> at Google Campus, Gurgaon.<br></li>
</ul>



<p class="wp-block-paragraph">Daryani noted:</p>



<p class="wp-block-paragraph">“His rich expertise in scaling digital ecosystems and building innovative technology platforms will play a critical role in shaping Wow! Momo into a future-ready, digitally powered QSR enterprise.”<br></p>



<p class="wp-block-paragraph"><strong>FY25 Context &amp; FY26 Roadmap</strong></p>



<p class="wp-block-paragraph">While comprehensive FY25 financials aren&#8217;t detailed here, key indicators show:</p>



<ul class="wp-block-list">
<li><strong>FY25 revenue</strong>: Estimated at <strong>Rs. 625 crore</strong>, up ~35% YoY.</li>



<li><strong>Net loss</strong>: Holds at approximately <strong>Rs. 114 crore</strong>—a sign of scale-related cost pressures.<br></li>
</ul>



<p class="wp-block-paragraph">With a target of <strong>250+ new stores this year</strong>, Wow! Momo is on track for <strong>1,000+ outlets</strong> and <strong>Rs. 900–1,000 crore in revenues</strong> by FY26-end. Success hinges on translating the current expansion and innovation momentum into operational efficiency, digital engagement, and FMCG traction.</p>



<p class="wp-block-paragraph">Wow! Momo’s FY26 is unfolding as a high-speed, multi-pronged value building play: expansive store growth, category innovation at the store and FMCG level, and tech transformation to support exponential scale. If execution stays sharp, the brand is poised to define the next chapter of organized food service in India.</p>
<p>The post <a href="https://www.businessoffood.in/sagar-daryani-aims-for-1000-stores-rs-1000-crore-topline-for-wow-momo-foods/">Sagar Daryani Aims for 1,000+ Stores, Rs. 1,000+ Crore Topline for Wow! Momo Foods</a> appeared first on <a href="https://www.businessoffood.in">Business of Food</a>.</p>
]]></content:encoded>
					
		
		
		<post-id xmlns="com-wordpress:feed-additions:1">11453</post-id>	</item>
		<item>
		<title>Wow! Momo raises $10 Million in debt funding from Stride Ventures to fuel expansion and FMCG growth</title>
		<link>https://www.businessoffood.in/wow-momo-raises-10-million-in-debt-funding-from-stride-ventures-to-fuel-expansion-and-fmcg-growth/</link>
		
		<dc:creator><![CDATA[Business of Food Bureau]]></dc:creator>
		<pubDate>Wed, 11 Jun 2025 07:00:00 +0000</pubDate>
				<category><![CDATA[Food Service]]></category>
		<category><![CDATA[In Focus]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Apoorva Sharma]]></category>
		<category><![CDATA[Business Of Food]]></category>
		<category><![CDATA[Emerging Food Products 2025]]></category>
		<category><![CDATA[FMCG Brands]]></category>
		<category><![CDATA[Food and Beverage]]></category>
		<category><![CDATA[Food Business Analysis]]></category>
		<category><![CDATA[Food Business Update]]></category>
		<category><![CDATA[Food Delivery Trends]]></category>
		<category><![CDATA[Food Industry]]></category>
		<category><![CDATA[Food Industry Trends 2025]]></category>
		<category><![CDATA[Food Marketing Strategies]]></category>
		<category><![CDATA[Food News India]]></category>
		<category><![CDATA[food retail]]></category>
		<category><![CDATA[Food Retail News]]></category>
		<category><![CDATA[Food Service Industry Growth]]></category>
		<category><![CDATA[Food Startup Tips]]></category>
		<category><![CDATA[Food technology]]></category>
		<category><![CDATA[Latest Food Business Insights]]></category>
		<category><![CDATA[Restaurant Business Growth]]></category>
		<category><![CDATA[Retail Industry]]></category>
		<category><![CDATA[Retail News]]></category>
		<category><![CDATA[Sagar Daryani]]></category>
		<category><![CDATA[Stride Ventures]]></category>
		<category><![CDATA[Wow! Chicken]]></category>
		<category><![CDATA[Wow! China]]></category>
		<category><![CDATA[Wow! Kulfi]]></category>
		<category><![CDATA[Wow! Momo Foods]]></category>
		<guid isPermaLink="false">https://www.businessoffood.in/?p=10086</guid>

					<description><![CDATA[<p>Quick-service restaurant (QSR) chain Wow! Momo Foods has secured $10 million in debt funding from Stride Ventures, as the company looks to refinance existing loans and accelerate growth across its QSR, FMCG, and HORECA verticals. “This support from Stride Ventures marks a pivotal moment in our journey of redefining Indian QSR. With their partnership, we [&#8230;]</p>
<p>The post <a href="https://www.businessoffood.in/wow-momo-raises-10-million-in-debt-funding-from-stride-ventures-to-fuel-expansion-and-fmcg-growth/">Wow! Momo raises $10 Million in debt funding from Stride Ventures to fuel expansion and FMCG growth</a> appeared first on <a href="https://www.businessoffood.in">Business of Food</a>.</p>
]]></description>
										<content:encoded><![CDATA[
<p class="wp-block-paragraph">Quick-service restaurant (QSR) chain <strong>Wow! Momo Foods</strong> has secured $10 million in debt funding from <strong>Stride Ventures</strong>, as the company looks to refinance existing loans and accelerate growth across its QSR, FMCG, and HORECA verticals.</p>



<p class="wp-block-paragraph">“This 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 <strong>Sagar Daryani</strong>,<em> CEO and Co-founder, Wow! Momo.</em></p>



<p class="wp-block-paragraph">Founded in 2008 by Sagar Daryani and Binod Homagai, Wow! Momo Foods has rapidly grown into a diversified food services company, operating over 700 outlets across 70 cities under brands such as<strong> Wow! Momo, Wow! China, Wow! Chicken, and Wow! Kulfi</strong>. The latest debt infusion follows a $51 million Series D equity round raised in April this year from various investors.</p>



<p class="wp-block-paragraph">Commenting on the investment, <strong>Apoorva Sharma</strong>, <em>Managing Partner, Stride Ventures,</em> said, “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.”</p>



<p class="wp-block-paragraph">The company is charting an ambitious expansion plan, with targets to scale its FMCG vertical to Rs. 100 crore, aggressively ramp up its recently launched HORECA arm, and expand its footprint to over 1,500 stores across 100+ cities in the next three years.</p>



<p class="wp-block-paragraph">Stride Ventures, a leading venture debt fund, has so far backed over 180 companies, including 17 unicorns, and has committed more than $1 billion in venture debt and private credit across sectors.</p>
<p>The post <a href="https://www.businessoffood.in/wow-momo-raises-10-million-in-debt-funding-from-stride-ventures-to-fuel-expansion-and-fmcg-growth/">Wow! Momo raises $10 Million in debt funding from Stride Ventures to fuel expansion and FMCG growth</a> appeared first on <a href="https://www.businessoffood.in">Business of Food</a>.</p>
]]></content:encoded>
					
		
		
		<post-id xmlns="com-wordpress:feed-additions:1">10086</post-id>	</item>
		<item>
		<title>NRAI Launches India Food Services Report 2024</title>
		<link>https://www.businessoffood.in/nrai-launches-india-food-services-report-2024/</link>
		
		<dc:creator><![CDATA[Press Release]]></dc:creator>
		<pubDate>Wed, 10 Jul 2024 12:20:56 +0000</pubDate>
				<category><![CDATA[Industry Report]]></category>
		<category><![CDATA[Research]]></category>
		<category><![CDATA[Aakriti Virmani]]></category>
		<category><![CDATA[and Anand Sharma]]></category>
		<category><![CDATA[Azure Hospitality]]></category>
		<category><![CDATA[beverage industry news]]></category>
		<category><![CDATA[Business Of Food]]></category>
		<category><![CDATA[Chaayos; Pranav Rungta]]></category>
		<category><![CDATA[Curry Me Up]]></category>
		<category><![CDATA[Dining trends]]></category>
		<category><![CDATA[Food Analysis]]></category>
		<category><![CDATA[Food Business Analysis]]></category>
		<category><![CDATA[Food Business News]]></category>
		<category><![CDATA[Food Business Updates]]></category>
		<category><![CDATA[Food Industry News]]></category>
		<category><![CDATA[Food Information]]></category>
		<category><![CDATA[Food News]]></category>
		<category><![CDATA[Food News India]]></category>
		<category><![CDATA[Food Retail News]]></category>
		<category><![CDATA[Food Technologies]]></category>
		<category><![CDATA[Foodservice sector]]></category>
		<category><![CDATA[Grocery News]]></category>
		<category><![CDATA[India Food Services Report 2024]]></category>
		<category><![CDATA[Investment strategies]]></category>
		<category><![CDATA[Kabir Suri]]></category>
		<category><![CDATA[Komal Salgaonkar]]></category>
		<category><![CDATA[National Restaurant Association of India]]></category>
		<category><![CDATA[Nikhil Behl]]></category>
		<category><![CDATA[Nitin Saluja]]></category>
		<category><![CDATA[Operational models]]></category>
		<category><![CDATA[PepsiCo India]]></category>
		<category><![CDATA[Rahul Singh]]></category>
		<category><![CDATA[Rajesh Acharya]]></category>
		<category><![CDATA[Restaurant Industry]]></category>
		<category><![CDATA[Sagar Daryani]]></category>
		<category><![CDATA[Sanjay Kumar]]></category>
		<category><![CDATA[Sustainability efforts]]></category>
		<category><![CDATA[Suvir Jaggi]]></category>
		<category><![CDATA[The Beer Cafe]]></category>
		<category><![CDATA[Vandana Thakur]]></category>
		<category><![CDATA[Wow! Momo Foods]]></category>
		<guid isPermaLink="false">https://www.businessoffood.in/?p=5075</guid>

					<description><![CDATA[<p>The National Restaurant Association of India (NRAI), the voice of the Indian restaurant industry, has launched its India Food Services Report 2024. The occasion was graced by notable industry figures including&#160;Kabir Suri,&#160;President of NRAI and Co-Founder &#38; Director of Azure Hospitality;&#160;Sagar Daryani,&#160;Co-Founder of Wow! Momo Foods;&#160;Nitin Saluja,&#160;Founder of Chaayos;&#160;Pranav Rungta,&#160;Director of Curry Me Up;&#160;Rahul Singh,&#160;Founder [&#8230;]</p>
<p>The post <a href="https://www.businessoffood.in/nrai-launches-india-food-services-report-2024/">NRAI Launches India Food Services Report 2024</a> appeared first on <a href="https://www.businessoffood.in">Business of Food</a>.</p>
]]></description>
										<content:encoded><![CDATA[
<p class="wp-block-paragraph">The National Restaurant Association of India (NRAI), the voice of the Indian restaurant industry, has launched its India Food Services Report 2024. The occasion was graced by notable industry figures including<strong>&nbsp;Kabir Suri,</strong>&nbsp;<em>President of NRAI and Co-Founder &amp; Director of Azure Hospitality;</em>&nbsp;<strong>Sagar Daryani,</strong><em>&nbsp;Co-Founder of Wow! Momo Foods;</em>&nbsp;<strong>Nitin Saluja</strong>,&nbsp;<em>Founder of Chaayos;</em>&nbsp;<strong>Pranav Rungta</strong>,&nbsp;<em>Director of Curry Me Up;</em>&nbsp;<strong>Rahul Singh</strong>,<em>&nbsp;Founder &amp; CEO of The Beer Cafe;</em>&nbsp;and&nbsp;<strong>Anand Sharma</strong>,&nbsp;<em>Director of Customer Development at PepsiCo India.</em></p>



<p class="wp-block-paragraph">The 5th edition of the NRAI India Food Services Report provides an in-depth analysis from industry stakeholders and consumer voices. The report offers valuable insights into operational models and practices, investment strategies, dining trends, and sustainability efforts.</p>



<p class="wp-block-paragraph">According to the report, the Indian Foodservices Industry is estimated to be valued at Rs 5,69,487 crores as of FY24. It is projected to grow to Rs 7,76,511 crores by FY28, achieving a CAGR of 8.1% overall, with the organized segment expected to grow at a CAGR of 13.2%.</p>



<p class="wp-block-paragraph">Commenting on the report, Kabir Suri<strong> </strong>said, “The primary objective of this report is to present these critical facts to both the Central and State Governments to enhance our economic contribution to India’s GDP and to serve as the most accurate and definitive source of information on the Foodservices sector. I extend my gratitude to all NRAI members for their contributions to this report.”</p>



<p class="wp-block-paragraph">Sagar Daryani, Vice President of NRAI, added, “Our NRAI IFSR Report provides critical findings that serve as a definitive tool for effective strategies and planning. It facilitates better collaborative communication between business partners, investors, vendors, and supply chain providers. This report is essential for the Food Services Industry to gain the necessary support and recognition from the Government, ensuring consistent and sustained growth.”</p>
<p>The post <a href="https://www.businessoffood.in/nrai-launches-india-food-services-report-2024/">NRAI Launches India Food Services Report 2024</a> appeared first on <a href="https://www.businessoffood.in">Business of Food</a>.</p>
]]></content:encoded>
					
		
		
		<post-id xmlns="com-wordpress:feed-additions:1">5075</post-id>	</item>
	</channel>
</rss>
