Private Equity

PE Fund Investments

QSR chain Wow! Momo raises $16-M from V'oceanInvestment, Oaksand

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Kolkata-based quick service restaurant chain Wow! Momo has raised USD 16 million in its series D round from V'oceanInvestment and Oaksand India. V'oceanInvestment led the round with INR 67.8 crore while Oaksand India participated with INR 57.2 crore. Following the fresh investment, V'oceanInvestment will hold 3.91% of the stake while Oaksand India will own 2.69%. Launched in 2008, Wow! Momo Foods operates two QSR brands—Wow! Momo and Wow! China. At present, it has 300 outlets of Wow! Momo and more than 50 outlets of Wow! China. From the Venture Intelligence PE-VC Deal Database: Between June 2017 and September 2021, Wow! Momo had raised over USD 47.6 M from Lighthouse, Tiger Global, IAN Fund, TreeLine Asia and Lighthouse (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)