Wow! Momo Raises Rs 350 Cr From Malaysia's Khazanah

Editorial Desk · 2024-01-17T13:00:14+05:30

Wow! Momo Foods, a leading QSR chain in India, has raised Rs 350 crore (around $42 million) from Malaysia's sovereign wealth fund Khazanah Nasional Berhad. This investment marks the exit of early investors from Wow! Momo, including Indian Angel Network and Lighthouse Funds. With this fresh funding, the company aims to expand its QSR brand, strengthen its distribution footprint, and accelerate its FMCG business.According to a statement by Wow! Momo's CEO and Co-Founder, Sagar Daryani, the brand is thrilled to have given its early investors a partial exit. He added that the company is now poised to embark on a new growth journey, with a focus on scaling its operations and becoming the largest QSR brand in India. The latest round of funding takes the total investment in Wow! Momo to over $120 million.

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Wow! Momo Raises Rs 350 Cr From Malaysia's Khazanah
Posted by Editorial Desk on January 17, 2024 at 1:00 pm
Wow! Momo Foods, a leading QSR chain in India, has raised Rs 350 crore (around $42 million) from Malaysia’s sovereign wealth fund Khazanah Nasional Berhad. This investment marks the exit of early investors from Wow! Momo, including Indian Angel Network and Lighthouse Funds. With this fresh funding, the company aims to expand its QSR brand, strengthen its distribution footprint, and accelerate its FMCG business.
According to a statement by Wow! Momo’s CEO and Co-Founder, Sagar Daryani, the brand is thrilled to have given its early investors a partial exit. He added that the company is now poised to embark on a new growth journey, with a focus on scaling its operations and becoming the largest QSR brand in India. The latest round of funding takes the total investment in Wow! Momo to over $120 million.

Editorial Desk replied 10 months, 1 week ago 1 Member · 0 Replies
- #startupfunding
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