Quick-service restaurants chain Wow! Momo Foods has raised INR 40 Cr in debt from Grand Anicut Fund – 2.The company had claimed that the investment would help accelerate its global ambitions.
Wow! Momo Foods specialises in momos and dumplings, a Tibetan food item popular in India, Nepal and China.As of September last year, the company was operating 282 outlets of Wow! Momo and 11 outlets of Wow! China,its sister brand which offers fast-food Chinese cuisine.
Wow! Momo Foods claims to be India’s first major chain of Branded Momos, currently in 90 cities, with a model which sees the company operating out of kiosks, Food Court Quick Service Outlets, Shop – in Shop Models, and High Street Quick Service Restaurants. The stores are largely owned and operated by the company.