Khazanah, Haldiram promoter back Wow! Momo in Rs 150 crore funding round

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Kamal Agrawal, part of the promoter family behind India’s leading snacking brand Haldiram, and Malaysian sovereign wealth fund Khazanah Nasional are spearheading a Rs 130–150 crore bridge funding round in quick service restaurant (QSR) chain Wow! Momo, according to people familiar with the matter.

This interim round has been structured through convertible notes, with the company’s valuation to be finalised in the upcoming fundraise. Wow! Momo has appointed investment bankers to manage the next round.

The Kolkata-based QSR chain is looking to…



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Khazanah, Haldiram promoter back Wow! Momo in Rs 150 crore funding round


Kamal Agrawal, part of the promoter family behind India’s leading snacking brand Haldiram, and Malaysian sovereign wealth fund Khazanah Nasional are spearheading a Rs 130–150 crore bridge funding round in quick service restaurant (QSR) chain Wow! Momo, according to people familiar with the matter.

This interim round has been structured through convertible notes, with the company’s valuation to be finalised in the upcoming fundraise. Wow! Momo has appointed investment bankers to manage the next round.

The Kolkata-based QSR chain is looking to…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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