Wow! Momo Raises INR 75 Cr From Madhusudan Kela

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SUMMARY

QSR chain Wow! Momo has bagged INR 75 Cr (about $8.4 Mn) as part of its ongoing bridge funding round from Singularity AMC founder Madhusudan Kela

The fresh capital will be used for expansion, product innovation, and strengthening its path to profitability, while it also set a target of entering 100+ cities in the next two years

Earlier, the bridge round saw participation from Malaysia’s sovereign wealth fund Khazanah Nasional Berhad, 360 One and Haldiram’s promoter Kamal…



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Wow! Momo Raises INR 75 Cr From Madhusudan Kela


SUMMARY

QSR chain Wow! Momo has bagged INR 75 Cr (about $8.4 Mn) as part of its ongoing bridge funding round from Singularity AMC founder Madhusudan Kela

The fresh capital will be used for expansion, product innovation, and strengthening its path to profitability, while it also set a target of entering 100+ cities in the next two years

Earlier, the bridge round saw participation from Malaysia’s sovereign wealth fund Khazanah Nasional Berhad, 360 One and Haldiram’s promoter Kamal…



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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