Wow! Momo Targets 250 New Stores, IPO by 2029; Aims for Rs 1200 Cr Revenue

• Wow! Momo plans to open 250 new stores, averaging 21 per month, to boost revenue from Rs 640 crore to Rs 900 crore.
• The company is focusing on its FMCG and Horeca segments for long-term growth, with FMCG achieving Rs 5 crore monthly business in 28 months.
• New products like frozen momos, Kappa noodles, and chicken/cheese smileys, plus sales to five-star hotels and quick commerce platforms like Zepto, are expected to drive revenue.
• Wow! Momo is securing a Rs 150 crore bridge round, having already raised Rs 90 crore from investors like Khazanah and Kamal Agarwal.
• An IPO is targeted between 2028 and 2029, aiming for Rs 1,100-Rs 1,200 crore revenue and Rs 100 crore EBITDA.

Why It Matters: Wow! Momo is aggressively expanding with 250 new stores and an IPO target by 2029, driven by FMCG and Horeca growth.