Wow Momo’s Success Story: Built a ₹2000 Crore Company by Just Selling Momos

Wow Momo’s Success Story in the world of Indian startups, a new success story unfolds every day, and today we bring before you a tale of success from the startup realm that is bound to inspire you. In today’s India, a variety of cuisines are available, including Chinese food, South Indian food, and more. Among Chinese foods, you must have heard about Momos. Momos have become increasingly popular, with stalls popping up in every nook and corner of cities as people develop a taste for them.

But have you ever wondered how lucrative selling Momos can be? If not, let us tell you about an individual who, by selling Momos, has established a Momos company in the Indian startup world worth ₹2000 crores.

The person we are talking about is Sagar Daryani, the founder of Wow Momos. In this article, we will delve into the success story of Wow Momos and explore how this individual turned a ₹30,000 business into a ₹2000 crores company.

Wow Momo’s Success Story: Starting with ₹30,000

Wow Momo’s Success Story started when Sagar Daryani initiated Wow Momos on August 29, 2008, in Kolkata. Initially, he started this Momo business from a small stall, investing only ₹30,000. Sagar conceptualized this business idea during his last year of college at the young age of 21.

Sagar involved his college friend Binod Homogai in this venture, and together, they began working hard to make the business a success. During the initial days, neither Sagar nor Binod knew how to make Momos, so they hired a cook to start making Momos at their stall. They named their stall Wow Momos. Although the response was not overwhelming initially, it picked up after some time.

Wow Momo’s Success Story: No Support from Family

Wow Momo’s Success Story started wuth challenges within his family when Sagar proposed the idea of starting a Momo business to his father, he faced strong opposition. His family did not support him, and his father even made a sarcastic remark, stating, “Now my son will sell Momos!” Despite the lack of support from family and numerous challenges, Sagar, along with his friend Binod, persisted and eventually started the Wow Momos stall.

Wow Momo’s Success Story Facing Challenges

Wow Momo’s Success Story started wuth facing challenges in early days. Those were challenging for Sagar and Binod, and they struggled to make a significant profit. For the first two years, they couldn’t secure funding to expand their startup. However, they continued their efforts, adopting new strategies such as creating T-shirts with the Wow Momos logo and wearing them wherever they went, ensuring that people knew about their business.

Additionally, they offered free Momos tastings to attract customers and introduced various varieties of Momos, such as Tandoori Momos and Fried Momos, to diversify their menu and attract more customers.

Wow Momo’s Success Story From Stall to Franchise

Wow Momo’s Success Story transfored their small stall into a full-fledged outlet, Sagar and Binod turned Wow Momos into a franchise. Soon after, Wow Momos began offering franchises not only across India but also globally. Presently, Wow Momos has over 800 outlets in approximately 26 states in India. Selling more than 6 lakh Momos today, the company’s valuation has surpassed ₹2000 crores.

Wow Momo’s Success Story Funding and Valuation

Wow Momos has raised funding of approximately $68.5 million from investors. This substantial investment has propelled the company’s valuation to over ₹2000 crores.

The success of Wow Momos and its founder, Sagar Daryani, lies in their determination not to underestimate the potential of their business. They never wasted time worrying about what people would think. We hope this article provides you with insights into the success story of Wow Momos, and we encourage you to stay connected to our website for more stories related to startups.

Wow Momos Success Story Overview

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