17 April 2024 – The business obtained a massive amount of funding earlier this year, in which OAKS Asset Management and Khazanah Nasional Berhad participated. This current round is a continuation of the previous round. The additional funds will be used to support R&D for Wow! Momo’s FMCG division improves distribution and broadens the reach of the QSR brand.
Since its founding in 2008, the QSR chain, with its headquarters in Kolkata, has raised between INR 625 Cr and INR 640 Cr. Wow! A well-known QSR chain situated in Kolkata Momo has secured INR 70 Cr ($8.3 Mn) from Z3Partners, a domestic investment business.
Whoa! Momo cofounder Murali Krishnan told Inc42 that the company’s most recent fundraising round is an expansion of its massive round earlier this year, in which OAKS Asset Management and Malaysia’s national wealth fund Khazanah Nasional Berhad participated.
Conclusion
OAKS Capital contributed INR 60 Cr to the round, while Khazanah invested INR 350 Cr in Wow! Momo. The QSR chain has received INR 480 Cr (about $57 Mn) in the fundraising round with the most recent addition. There has been no movement in the startup’s value since its most recent fundraising announcement in January of this year.
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