Tiger International-backed QSR model Wow! Momo Meals has raised $15 million in a Sequence C funding spherical led by Tree Line Funding Administration. The funding spherical additionally noticed participation from IAN Fund (Indian Angel Community), in addition to present investor Lighthouse Funds.
The recent funds will allow the model to amplify efforts on its newly launched FMCG enterprise, add extra vitality to the growth of its QSR sloud kitchen manufacturers and likewise gas its progress within the launch of its new verticals to be introduced quickly.
The Sequence C funding spherical values the QSR model at over Rs 1,225 crore. The corporate was valued at Rs 860 crore in September 2019 when it raised cash from Tiger International.
Wow! Momo Meals operates two QSR manufacturers—Wow! Momo and Wow! China. Launched in August 2008, the multi-billion-rupee QSR chain at the moment operates 350 shops of Wow! Momo and greater than 50 shops of Wow! China.
Within the subsequent 12 months, the corporate is planning to arrange over 150 shops and 50 cloud kitchens, and develop greater than two instances on month-to-month run fee by subsequent