Friday, November 22

Tag: WOW MOMO

FabIndia MD Backs An Emerging Fast Food Chain of India
13Jun By Gauri SinghNo Comments
FUNDING

FabIndia MD Backs An Emerging Fast Food Chain of India

The ethnic wear brand FabIndia's managing director William Bissell has supposedly invested an amount of around Rs 3-4 crore in an offline fast food restaurant popularly known as Wow! Momo. Not only the technology-based and digital startups are bagging funds from investors, but also the offline businesses are no less. The Kolkata-based momo chain has its restaurants across the country and has recently been successful in grabbing funds from William Bissell who is the managing director of FabIndia. Wow! Momo is a fast food chain of restaurants with its headquarters in Kolkata. The firm basically specializes in momos and has a huge variety for the same. The branded momos chain has plans to build 300 outlets by the end of 2019. Wow! Momo Foods Pvt. Ltd. owns and operates take-away as well...
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Wow! Momo raises Rs 44 crore from Lighthouse Funds, IAN
13Jun By RishabhNo Comments
FUNDING

Wow! Momo raises Rs 44 crore from Lighthouse Funds, IAN

Fast food chain Wow! Momo today said it has raised Rs 44 crore in series B funding from venture capital firm Lighthouse Funds and angel investor group Indian Angel Network (IAN). The latest round of funding led by Lighthouse Funds, which invests in mid-market consumer-driven firms, values the company at Rs 230 crore, the Kolkata-based firm said in a statement. Besides, it also provided "a highly profitable" exit to the tune of Rs 10 crore to some of the IAN investors who decided to sell their shares partly/completely to Lighthouse, it added. Commenting on the development, Wow! Momo co-founder and CEO Sagar Daryani said: "Funds raised in the current round will be used for expansion and building of back-end infrastructure for the brand." The company said it has a long-term goal of doing...
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