Debt financing
QSR chain Wow! Momo to raise Rs.110-Cr from Anicut Capital
Kolkata-based quick-service restaurant chain Wow! Momo is to raise INR 110 crore in debt funding from Anicut Capital, in three tranches. The firm has already received INR 60 crore. The remaining tranches are expected to be completed within six months.Founded in 2008 by Sagar Daryani and Binod Homagai, Wow! Momo operates over 850 outlets across more than 90 cities under brands including Wow! Momo, Wow! China, Wow! Chicken, and Wow! Kulfi.The company plans to use the new funds for refinancing existing borrowings and growth capital needs.
Between Jun 2017 and Dec 2025, Wow Momo had attracted about USD 178 M from Lighthouse, Tiger Global, Anicut Capital, IAN Fund, Tree Line Asia, OAKS, ValueQuest, Khazanah Nasional, Z3Partners, 360 ONE, Stride Ventures, Singularity AMC and others.
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