Shark Tank India pitcher quit Rs 50 lakh job to start a momo cart; has now done Rs 5 crore business in 2 years

An innovator at heart, Saket wanted to start anothet business so he started with a side hustle in Gurugram. He shared that this was a “generic cafe” where they sold everything. But soon after, they started focusing on developing a momo business via carts. “That cart did great business. We were doing Rs 10,000 to Rs 12,000 in sales every day,” he said.

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“In the first year, we opened a number of carts,” recalled Saket. “This was the good side, but the cart business was also volatile. We ran into various problems – some days the authorities would remove carts, we ran into staffing problems, and sometimes the weather did not cooperate. Operationally, there were many challenges.”

He soon realised that if he wants to build a business worth Rs 500 crore, he won’t be able to do it via carts so he went ahead with establishing stores. Now that idea has grown into 40 carts, 20 smaller outlets and two quick-service restaurants.

 

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Talking about the revenue of his business, Saket said, “In the 2023-24 financial year, for the three months of January, February and March, we did Rs 16 lakh. Last year, we did Rs 2.2 crore. This year, we have already done Rs 2.2 crore, and we will be closing this year at Rs 3 crore. So in two and a half years, we have earned more than Rs 5 crore.”