MAM
Khazanah Nasional Berhad invests $42 mn into Wow! Momo
Mumbai: Wow! Momo Foods, the operator of Wow! Momo, Wow! China and Wow! Chicken has raised over Rs 350 crores from Khazanah Nasional Berhad (“Khazanah”), the sovereign wealth fund of Malaysia. The investment will be made through both primary infusion and secondary purchase from early-stage investors, the Indian Angel Network (“IAN”) and Lighthouse Funds.
In addition, the company’s existing investor, OAKS Asset Management, has also infused INR 60 crores of additional funding into Wow! Momo Foods.
Commenting on the announcement, Wow! Momo Foods CEO and co-founder Sagar Daryani said, “There is no greater joy for a founder than giving its initial investors (Indian Angel Network (IAN) and Lighthouse Funds) great partial exits. For us, the Bharat Story has just begun with a huge headway of growth. With Khazanah’s investment into the business and their long-term approach, we will strive to become the powerhouse of innovation and transformation in the food space while keeping a strong balance between sustainability, growth and backing breakthroughs”.
Khazanah MD Dato’ Amirul Feisal Wan Zahir said, “We are excited to be on the journey with Wow! Momo in their mission to build the largest QSR brand in India. We aim to encourage the growth of Wow! Momo through enhanced scalability, technological fortification, and focusing on building a strong back-end capability to support its growth.”
OAKS Asset Management founder and CEO Vishal Ootam said, “In our journey with investments in other F&B brands, we have realised that long-term thinking and dynamic leadership are essential. We feel that Wow! Momo has both. We feel that Wow! Momo will not only gain dominance in the domestic market but also be the first globalized QSR company from India. We are ready to scale with the brand.”
Launched in August 2008, Wow! Momo Foods is a multi-billion-rupee quick service restaurant (QSR) chain with more than 630 outlets in over 35 cities. It has a robust expansion plan of over 200 outlets in the coming fiscal year and steadfast growth of its FMCG business.
The primary fund will fuel the growth and expansion of the quick service restaurant (QSR) brand and help to strengthen the distribution foothold and research and development (R&D) for the FMCG arm. The entire round is a testimony to the brand’s vision, scalability, and rigor on profitability.
Wow! Momo, together with Wow! China and Wow! Chicken’s aim is to enter more than 100 cities and look at a footprint of over 1500 stores in the next three years. The brand is also expanding across various touchpoints in FMCG with over 1200 retail outlet presence across more than 50 cities in modern trade and quick commerce with its ready-to-eat momos and along with new path-breaking product launches lined-up in the coming fiscal year.
In the transaction, Investec acted as the financial advisors to Wow! Momo. With this latest round; Wow! Momo Foods has bought back Indian QSR to the map of formidable, & scalable businesses. Hunger for growth, strong muscle of right people and most importantly sustained control over unit economics is what makes Wow! Momo story a delectable portion of real growth story. Made in India; made by India.
Brands
Sapphire Foods FY26 revenue rises to Rs 3,125 crore, posts loss
Q4 revenue at Rs 792 crore, FY26 loss at Rs 32 crore amid cost pressures.
MUMBAI: If growth is on the menu, profitability seems to have taken a brief detour. Sapphire Foods India reported a steady rise in topline for FY26, even as rising costs weighed on profitability. Revenue from operations grew to Rs 3,125 crore for the year ended March 31, 2026, up from Rs 2,882 crore in FY25. However, the company swung to a loss, reporting a net loss of Rs 32 crore for FY26, compared to a profit of Rs 17 crore in the previous year. Total income for the year stood at Rs 3,153 crore, while total expenses climbed to Rs 3,167 crore, reflecting pressure across key cost heads.
In the March quarter, revenue came in at Rs 792 crore, compared to Rs 711 crore in the same period last year. The company reported a quarterly net loss of Rs 13 crore, against a profit of Rs 2 crore a year earlier.
Cost pressures remained visible across operations. Material costs rose to Rs 995 crore for FY26, while employee expenses increased to Rs 428 crore. Other expenses, the largest component, stood at Rs 1,229 crore, underscoring the impact of store operations and expansion-related spends.
Depreciation and amortisation expenses also climbed to Rs 392 crore for the year, reflecting continued investments in store infrastructure and growth.
At the operating level, the company reported a loss before tax of Rs 37 crore for FY26, compared to a profit of Rs 23 crore in FY25. Exceptional items added Rs 24 crore to the cost burden during the year.
On the balance sheet, total assets rose to Rs 3,256 crore as of March 31, 2026, up from Rs 3,041 crore a year earlier, indicating ongoing expansion. Net worth stood at Rs 1,389 crore.
Despite profitability pressures, operating cash flow remained resilient at Rs 507 crore, highlighting underlying business strength and demand stability.
The numbers paint a familiar picture in the quick-service restaurant space, growth continues to be served hot, but margins are still finding their footing.
