The Momo Mami in the shark tank India startups list got funded for INR 75 lakhs for the overall equity of 16 percent of the company. The founder of the startup ‘Aditi Madan’ was named ‘Momo Mami’ by one of Chef Vikas Khanna’s celebrities on the popular show Master Chef. The initial ask by the founders was 50 lakhs for 5 percent equity of the company.
However, the deal was finalised for 75 lakhs by Sharks Aman Gupta, Co-founder Boat electronics, Ashneer Grover, Co-founder Bharat Pe & Vineeta Singh, Founder Sugar Cosmetics, for 25 lakhs each.
About The Momo Mami
The company was founded in 2016 by Mrs Aditi Bhutia Madan with Co-Founders Naveen Panvar & Rohan Singh from Jaipur, carrying advantageous experience in the Hotel Industry.
Before the alliance accomplished revenue of more than 6 crores in the first five years representing the revenue ratio of QSR to Restaurants & Cafe ( Horeca) of 3: 2 in the last year.
The company sells ready to make momos via B2B channels where they deliver their consumables to hotels, restaurants & cafes( HORECA). The company also utilises D2C channels to sell their products through their website. They also operate through a chain of restaurants through the brand Name Yankiez in Delhi.
Problem Solved By Momo Mami
Entrepreneur Momo Mami shares her personal experience of the shortfall of traditionally authentic momos in the streets of Delhi. Hence, she came up with providing the superior quality of authentic cuisine utilising a wide range of Himalayan agro produce into Momos & Dumplings with no preservatives using natural ingredients.
We wish Momo Mami Shark tank Startup brings more of the best kind of Himalayan cuisine taste with exclusive authenticity to Indian food streets.