One of the fastest-growing food brands in India, Wow! Momo has secured Rs 350 crore (approximately $42 million) in Series D round led by Khazanah Nasional Berhad, the sovereign wealth fund of Malaysia.
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Oaks Asset Management, an existing investor, invested Rs 60 crore in this round. Indian Angel Network and Lighthouse Funds, two early-stage backers, will invest both directly and indirectly. In this round, Oaks Asset Management, a former investor, contributed an additional Rs 60 crore, as reported by The Economic Times.
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The funding will be vital for Wow! Momo’s continued growth and development, as well as for bolstering its distribution network and advancing the FMCG division’s R&D.
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About Wow! Momo
Wow! Momo was founded in 2008 by Sagar Daryani & Binod Homagai. Today Wow! Momo has over 300 outlets across 17 cities. After successfully building the brand Wow! Momo, the brand has launched its second brand Wow! China.
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Wow! China is an initiative by Wow! Momo to redefine the Chindian cuisine across the country. The Chindian cuisine is the Indian version of Chinese, which is popular all over the country.
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