FMCG sector projects by Wow Momo Foods Pvt Ltd. in Multi Location
Project Information
6950
Wow Momo Foods Pvt Ltd.
Wow Momo, a quick service restaurant (QSR) chain which sells different versions of Tibetan dumplings, is planning to open over 40 outlets by March 2017 as it looks to strengthen its presence beyond its key market, Kolkata.
Besides Kolkata, Wow Momo Foods Pvt Ltd operates in seven cities including Delhi, Bengaluru, Chennai, Kochi, Noida and Pune with 64 outlets.
Delhi which currently has seven outlets will have at least 25-30 of the new outlets. The rest would be planned across the five cities. These would include a mix of kiosks and quick service restaurants.
“We are not looking at any new cities right now but growing in the cities where we are present. We have achieved huge success in Kolkata, we want to replicate that in Delhi NCR (national capital region) and grow more in Bangalore, Chennai and other markets,” said Sagar Daryani, co-founder and chief executive officer.
He added that capex for a QSR outlet is Rs.12-30 lakh and that of the restaurant is almost Rs.35 lakh.
The company is also looking to raise $15-20 million by September for its expansion.
Project Value
INR 2 Crore /-
Planning
Multi Location
West Bengal
India
FMCG
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