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Monday, December 23, 2024 | 03:04 AM ISTEN Hindi

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QSR brand Wow! Momo Foods raises $15mn in Series C funding round

The latest round of funding values the company at Rs 1,225 cr

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In the next year, the company is planning to set up over 150 stores and 50 cloud kitchens, and grow more than two times on monthly run rate by next August

BS Reporter Mumbai
Tiger Global-backed QSR brand Wow! Momo Foods has raised $15 million in a Series C funding round led by Tree Line Investment Management. The funding round also saw participation from IAN Fund (Indian Angel Network), as well as existing investor Lighthouse Funds.

The fresh funds will enable the brand to amplify efforts on its newly launched FMCG business, add more energy to the expansion of its QSR sloud kitchen brands and also fuel its growth in the launch of its new verticals to be announced soon.

The Series C funding round values the QSR brand at over Rs 1,225 crore. The company

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