QSR chain Wow! Momo raises Rs.350-Cr from Malaysia’s Khazanah

Kolkata-headquartered Quick Service Restaurant (QSR) chain Wow! Momo Foods has raised INR 350 crore from Khazanah Nasional, the sovereign wealth fund of Malaysia. The investment will be made through both primary infusion and secondary purchase from early-stage investors, Indian Angel Network and Lighthouse. The primary funding will be used for brand growth and expansion, distribution strengthening, and research and development for the FMCG arm.Started by Sagar Daryani and Binod Homagai, in August 2008, Wow! Momo has over 300 outlets across 17 cities.