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Indian fast-food chain Wow Momo Foods plans an IPO within two years, targeting 1,000 stores and doubling revenue, inspired by Domino's Pizza's growth in India.
Indian fast-food chain Wow Momo Foods intends to launch an Initial Public Offering (IPO) within two years, inspired by Domino's Pizza's growth in India.
Currently valued at approximately $299 million, the company operates 650 stores and aims to increase that number to 1,000 while doubling its revenue from $57.5 million to $120 million in 30 months.
The fast-food sector in India is booming, driven by demand from low- and middle-income families.
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La cadena india de comida rápida Wow Momo Foods planea una oferta pública inicial dentro de dos años, apuntando a 1,000 tiendas y duplicando los ingresos, inspirada por el crecimiento de Domino's Pizza en India.