Sagar Daryani is the CEO of the renowned restaurant chain ‘Wow! Momo.’ Every momo lover knows about this food restaurant and surely makes a visit to one of the outlets at least once a month. Sagar Daryani’s business is successfully thriving. He co-founded the business with his classmate Binod Homagai. Let’s delve deeper into his success journey. 

Sagar Daryani and his friend Binod Homagai launched the business with an initial investment of Rs 30,000 at a Spencer’s Deli outlet in Kolkata. Today, this fast-food chain has expanded to 630 outlets across 35 cities in India. 

Education

Sagar Daryani was pursuing BCom degree at St Xavier’s College in Kolkata. He was in the final year of his studies when he decided to venture into the realm of business. At just 21 years old, he began selling momos from a modest kiosk in the city. This small step marked the beginnings of his journey in the food industry. 

Chasing dreams

Back in those days, Sagar Daryani and his friend would return home on-foot after a good day of selling momos. They preferred to walk instead of spending on auto-rickshaw fare to save money. They had limited resources, but nothing stopped them in the pursuit of their dreams. 

Rs 30,000 investment

Sagar Daryani’s family expressed concerns about his business endeavours. Despite facing opposition at home, he did not waver and continued to move forward with determination. A venture that he launched with a modest savings of Rs 30,000, 1 table, and 2 cooks, soon evolved into a massive business empire. 

2.0 edition

Before the pandemic hit, Wow Momo was thriving with 60 outlets and a workforce of 3,000 employees. During the lockdown, the business evolved to adapt to the new market. As a result, 2.0 edition of Wow Momo Foods was launched. 

Transforming the business

Prior to COVID-19, takeaway delivery constituted only 10 percent of the business, but the pandemic led to a transformation within the company. The founders of the company adapted to the evolving business situations which led to a significant increase in online delivery orders. 

Expanding the business

Amid the challenges of the pandemic, the company seized the opportunity for growth. Gradually, Wow Momo Foods welcomed two more co-founders, Miftaur Rahman as CFO and Murali Krishnan as CMO. 

Company’s evaluation

Presently, the valuation of Wow Momo Foods is around Rs 2000 crore. Approximately 6,000 employees work in 630 outlets across 35 cities. Sagar Daryani’s monthly income is estimated to be around Rs 50 crore.