Wow Momo Foods, a popular Indian fast-food chain known for its dumplings, aims to go public within two years, inspired by the growth of Domino's Pizza in India.
Currently valued at $299.33 million, Wow Momo operates 650 stores and plans to double its revenue to $120 million in the next 30 months. The CEO, Sagar Daryani, believes a local fast-food chain's IPO will change the industry dynamics in India. The fast-food sector in India, valued at $5 billion, is expanding rapidly due to rising demand from families. Wow Momo reported revenue of $57.47 million for the fiscal year ending in March