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360 ONE Asset invests in Wow! Momo to power its expansion strategy
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Thursday, 25 September, 2025, 08 : 00 AM [IST]
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Our Bureau, Mumbai
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360 ONE Asset, a wholly-owned subsidiary of 360 ONE WAM, has completed its investment into the bridge round of Wow! Momo Foods Pvt. Ltd. The investment underscores its commitment to backing category-defining consumer brands and marks the first investment from its dedicated consumer strategy.
This investment will accelerate the next phase of growth by expanding its retail presence across its various verticals of Wow! Momo, Wow! China, Wow! Chicken and Wow! Kulfi. The proceeds will also be used to strengthen its FMCG play of packed momos and Cuppa noodles, and driving innovation and talent investments. The company currently operates 730 plus stores across 84 cities and towns with current addition of over 20 new stores every month this fiscal.
Tarun Sharma, senior fund manager and strategy head – healthcare & consumer, 360 ONE Asset, said, “Wow! Momo is a remarkable homegrown brand that has rapidly become the country’s largest chain specialising in momos. It stands tall in India’s QSR space with a proven omnichannel model, best-in-class unit economics, and strong pan-India traction. Sagar Daryani and his exceptional team have built a scalable platform deeply rooted in India’s evolving food culture. With rising eating-out frequency and accelerating digital ordering among the next generation of consumers, we are excited about Wow! Momo’s next phase of growth. This investment from our latest consumer fund, dedicated to backing category leaders, reflects our strong confidence in their vision and execution.”
Sagar Daryani, co-founder & CEO - Wow! Momo Foods, said, "We are pleased and more than Wow! to welcome 360 ONE Asset as part of our bridge round that we had closed earlier this year in March. Their trust and belief in our vision further strengthens our journey of building India’s most loved Swadeshi Food brand. We look forward to working closely with them as we continue to scale across formats and categories in the QSR and FMCG space.”
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