Indian Angel Network (IAN) announced its investment in Kolkata-based â€˜Wow! Momoâ€™, valued at over $16 million. In 2008, two friends, Sagar Daryani and Binod Homagai, from Kolkata conceived the idea of turning â€˜momosâ€™ into a diversified product category with versions appealing to different tastes. They had an operational start up before their exam results were announced. In its early days, the venture was bootstrapped with an initial investment of Rs.30,000.