5 Fastest Growing QSR Chains in India

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In this article, we discuss the 5 fastest growing QSR chains in India. You can read our detailed analysis of QSR chains in India and their performance over the years by clicking 15 Fastest Growing QSR Chains in India

5. Wow! Momo Foods

Number of Outlets: 665 outlets across 17 cities

Founded in 2008 by college mates, Wow! Momo Foods runs a chain of quick service restaurants specializing in momos. The chain operates three restaurant brands: Wow! Momo, Wow! China and Wow! Chicken. Nearly 60% of its revenue comes from the Wow! Chicken brand.

Wow! Momo Foods has 665 outlets in 2023. This store network comprises 400 Wow! Momo outlets, 135 Wow! Chicken outlets, and 130 Wow! China outlets. During the COVID-19 pandemic, Wow! Momo Foods agreed to share outlet spaces with Café Coffee Day.

While Wow! Momo Foods brands have traditionally operated separately, the chain is now shifting to a unified retail strategy. It is opening Wow! Eats locations that bring its three brands under a single roof. Wow! Momo Foods plans to open additional 250 outlets over the next two years. Additionally, the company has launched the Wow! Eats app for online ordering.

The chain has raised money from investors such as Indian Angel Network, Tiger Global Management, and Lighthouse funds.

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