Quick-service restaurant (QSR) chain Wow! Momo Foods has secured ₹85 crore (approximately $10 million) in venture debt from Stride Ventures, aiming to refinance existing loans and support aggressive national expansion entrepreneur.com+10.
Why This Funding Matters
1. Refinancing for Healthy Balance Sheet
The debt will be used to refinance earlier borrowings, reducing interest costs and improving Wow! Momo’s financial structure .
2. Accelerating Store Rollout
The chain plans to expand from 700+ outlets in 70 cities today to over 1,500 stores across 100+ cities in the next three years
3. Scaling Omnichannel Strategy
Funds will support expansion in QSR formats, FMCG products (with a goal of ₹100 crore revenue), and their recently launched HORECA vertical
4. Backing from Venture-Debt Specialist
Stride Ventures, with ₹1 billion committed over 180+ startups, brings both financial muscle and mentorship to Wow! Momo’s scale-up journey
5. Strong Unit Economics
Wow! Momo has sustained robust same-store sales, highlighting its strong QSR model. The debt will help solidify this momentum
Company Snapshot
- Founded: 2008 by Sagar Daryani and Binod Homagai
- Brands: Wow! Momo, Wow! China, Wow! Chicken, Wow! Kulfi
- Current Presence: 700+ outlets across 70 cities
- Recent Funding: $51 million Series D in April 2025 + this ₹85 crore debt round
Strategic Outlook
- National Reach: A robust loan enhances growth in smaller cities and new city markets.
- Diversification: Investment aids both FMCG verticals and HORECA strategy rollouts.
- Financial Stability: Refinanced debt, better cash flow, and stronger balance sheet position the company well for IPO or further fundraising.
Summary
Wow! Momo’s ₹85 crore debt infusion from Stride Ventures is a pivotal growth lever—refinancing obligations, scaling store count to 1,500+, and powering omnichannel expansion. With strong unit metrics and venture-debt backing, the QSR leader is well-positioned for aggressive national dominance.