{"id":250901,"date":"2025-04-28T14:14:06","date_gmt":"2025-04-28T08:29:06","guid":{"rendered":"https:\/\/insurancekhabar.com\/a-nepali-youth-in-india-started-a-business-with-a-friend-for-rs-30000-now-an-empire-of-billions-2\/"},"modified":"2025-04-28T14:14:06","modified_gmt":"2025-04-28T08:29:06","slug":"a-nepali-youth-in-india-started-a-business-with-a-friend-for-rs-30000-now-an-empire-of-billions-2","status":"publish","type":"post","link":"https:\/\/english.insurancekhabar.com\/a-nepali-youth-in-india-started-a-business-with-a-friend-for-rs-30000-now-an-empire-of-billions-2\/","title":{"rendered":"A Nepali youth in India started a business with a friend for Rs 30,000, now an empire of billions"},"content":{"rendered":"<p>Kathmandu. Binod Humagain of Patlekhet of Kavre, along with his friend Sagar Daryani, started the business in India. <\/p>\n<p>Vinod, along with Sagar of Kolkata, took a loan and started with only Rs 30,000, which has created an empire of Rs 4.75 billion. In 2008, they said, &#8220;Wow! He started a &#8216;momo&#8217; business. Today, this restaurant chain has now become a large food empire with more than 800 outlets across India. <\/p>\n<p>Sagar and Vinod started it to give the customer a great experience. This chain focuses on momo&#8217;s cleanliness, quality and variety. The company&#8217;s target is to achieve a revenue of Rs 6.5 billion. The company plans to launch an IPO in 2027. <\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-250898\" src=\"https:\/\/media.insurancekhabar.com\/uploads\/2025\/04\/wow-momo1.jpg\" alt=\"\" width=\"617\" height=\"410\" \/><\/p>\n<p>The company had posted a revenue of Rs 4.75 billion in 2024. The company is now looking to expand to Southeast Asia and the Gulf countries. <\/p>\n<p>Both Vinod and Sagar are students of St Xavier&#8217;s College in Kolkata. Binod&#8217;s father also works in Kolkata, so Vinod also got a chance to study there. During his studies, Binod met Sagar. <\/p>\n<p>The purpose of these two friends was to provide the customer with the experience of forcing them to say &#8216;wow&#8217;. They started with a small kiosk in Kolkata. Both aimed at shaping their love for food. <\/p>\n<p>The two friends set up their first momo stall by taking a loan of Rs 30 from Sagar&#8217;s father. Sagar looked after marketing and retail sales, while Binod looked after production and quality. In this way, he made a small shop a big brand. <\/p>\n<p>Initially, Vinod and Sagar faced a lot of difficulties. He started with small kiosks. Worked hard to attract customers. He began to make new types of momos, such as cheese, butter spices, and mobergs. Moberg is a momo-burger. With the arrival of Shah Miftaur Rahman in the finance branch and Murali Krishnan in marketing, &#8216;Wow! Momo&#8217;s team grew stronger. <\/p>\n<p>Vinod and Sagar did not want their brand to be limited to food. He wanted to provide a surprising experience to the customer. With that thought, &#8216;Wow! Momo was born. <span style=\"color: #0000ff;\"><strong>-From Navbharat Times<\/strong><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Kathmandu. Binod Humagain of Patlekhet of Kavre, along with his friend Sagar Daryani, started the business in India. Vinod, along with Sagar of Kolkata, took a loan and started with only Rs 30,000, which has created an empire of Rs 4.75 billion. In 2008, they said, &#8220;Wow! He started a &#8216;momo&#8217; business. Today, this restaurant [&hellip;]<\/p>\n","protected":false},"author":16,"featured_media":250899,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[45044,45159],"tags":[],"class_list":["post-250901","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-international-news-en","category-news-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/250901","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/comments?post=250901"}],"version-history":[{"count":0,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/250901\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/media\/250899"}],"wp:attachment":[{"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/media?parent=250901"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/categories?post=250901"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/tags?post=250901"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}