QSR chain Wow! Momo raises Rs 125 cr from OAKS Asset for business expansion

"We expect Wow! Momo to not only gain domestic market share in India but also to be the first global sized QSR company from India," said Vishal Ootam, founder and CEO of OAKS Asset Management

Wow! Momo Foods, the quick service restaurant (QSR) chain backed by Tiger Global, has raised Rws 125 crore (around $15mn) in a funding round led by OAKS Asset Management.

The Series D funding will be in two tranches, with the second one in the works with another venture capital fund. The company said it will use the funds for expansion and to fortify its fast moving consumer goods (FMCG) arm.

 “You only grow when the ecosystem around you grows; even in such riotous times, good profitable, sustainable and scalable business models will always find right backing & that is the