PE Fund Investments
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.
Between Jun-17 and June-23, Wow Momo had raised over USD 77 M from ValueQuest, OAKS, Lighthouse, Tree Line Asia, IAN Fund, Anicut Capital and Tiger Global.
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