QSR model Wow! Momo Meals raises $15mn in Sequence C funding spherical

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

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Ben Affleck Publicly Declares Admiration For Jennifer Lopez: ‘I Am In Awe’

Ben Affleck has nothing however good issues to say about Jennifer Lopez. The “Gone Woman” actor publicly praised the pop star and her philanthropic endeavors in a current interview with Adweek, saying he would by no means know what it’s wish to influence the world the best way his girlfriend has.

Affleck mentioned Lopez, who’s the recipient of Adweek’s Model Visionary Award, has been an influential determine amongst individuals of coloration due to her power.

“All I can let you know is that I’ve seen firsthand the distinction illustration makes as a result of I’ve seen time and again and time and again, ladies of coloration method Jennifer and inform her what her instance as a powerful girl and a lady succeeding and demanding the fair proportion within the enterprise world means to them,” he advised the publication.

“I’m in awe of what Jennifer’s impact on the world is,” he continued.

Affleck mentioned Lopez has completed a lot for girls and other people of coloration, whereas he might solely create “motion pictures that transfer individuals.” “Jennifer has impressed a large group of individuals to really feel they’ve a seat on the desk on this nation,” he mentioned. “That’s an impact

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India climbs two spots to rank Forty sixth within the International Innovation Index 2021

India has climbed two spots to 46 within the International Innovation Index (GII) 2021 ready by the World Mental Property Group (WIPO).

The nation’s rank has been constantly rising in the previous few years. From 81 in 2015, it has moved to 46 in 2021.

“India (at 46) strikes additional forward, by two spots (48 in GII 2020), after making it into the highest 50 final yr. It takes second place within the decrease middle-income group. India held the third place in its earnings group in 2019 and 2020, having entered the highest three in 2019,” the GII report stated.

It added that India has been portrayed as profitable in growing refined companies which might be technologically dynamic and might be traded internationally. It continues to guide the world within the info and communication expertise companies exports indicator (1) and holds prime ranks in different indicators, akin to home business diversification (12) and graduates in science and engineering (12).

The Centre in an official assertion stated that the constant enchancment within the GII rating is as a result of

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