QSR chain Wow! Momo raised INR 125 crore in its Series D from OAKS Asset Management

September 8, 2022

, By Sarika Parmar

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Quick-service restaurants (QSR) chain Wow! Momo raised INR 125 crore in its Series D from OAKS Asset Management at a valuation of INR 2,125 Crore.

Wow! Momo, which operates three brands – Wow, Momo! China and Wow! Chicken will use the new funds to build strong back-end capabilities in preparation for entering India’s Tier-1 and Tier-2 markets. The Wow! Momo story is expected to be power-packed in the next 24 months, according to the QSR brand, with an expansion plan to open over 250 new outlets this fiscal year, supported by a network of over 50 Wow! Chicken stores and some strong brands for acquisition. According to Statista, the QSR market in India is expected to exceed INR 500 billion by 2025, up from INR 188 billion in FY 2020.

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QSR chain Wow! Momo raised INR 125 crore in its Series D from OAKS Asset Management

September 8, 2022

, By Sarika Parmar

Quick-service restaurants (QSR) chain Wow! Momo raised INR 125 crore in its Series D from OAKS Asset Management at a valuation of INR 2,125 Crore.

Wow! Momo, which operates three brands – Wow, Momo! China and Wow! Chicken will use the new funds to build strong back-end capabilities in preparation for entering India’s Tier-1 and Tier-2 markets. The Wow! Momo story is expected to be power-packed in the next 24 months, according to the QSR brand, with an expansion plan to open over 250 new outlets this fiscal year, supported by a network of over 50 Wow! Chicken stores and some strong brands for acquisition. According to Statista, the QSR market in India is expected to exceed INR 500 billion by 2025, up from INR 188 billion in FY 2020.

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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Previous News

ZippMat raised $10 million in a mix of equity and debt as part of its seed led by Matrix Partners India

Next News

Twitter is testing a ‘share to WhatsApp’ button in India

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