Wow! Momo Secures ₹70 Crore Investment from Z3Partners to Fuel Growth and Expansion

• ByStartupStory     |    April 17, 2024

In an exciting development for the Indian quick-service restaurant (QSR) industry, Wow! Momo has announced the infusion of ₹70 crore in its latest funding round from Z3Partners. This substantial investment, which follows a previous round led by Khazanah Nasional Berhad, underlines the confidence investors have in Wow! Momo’s vision and growth trajectory.

The investment by Z3Partners, an early-growth tech and digital investor, marks a significant milestone for Wow! Momo as it continues its journey of expansion and innovation. With a footprint spanning over 600 outlets across 38 cities, Wow! Momo has established itself as a formidable player in the QSR space, operating under three national brands: Wow! Momo, Wow! China, and Wow! Chicken.

What sets Wow! Momo apart is its diversification into the fast-moving consumer goods (FMCG) sector, alongside its QSR vertical. This strategic move has propelled the company’s growth story into a blockbuster narrative, capturing the attention of investors and consumers alike.

The primary proceeds from this funding round will be channeled towards furthering Wow! Momo’s growth and expansion initiatives, bolstering its distribution network, and investing in research and development for its FMCG arm. This infusion of capital not only strengthens Wow! Momo’s position in the market but also underscores its commitment to sustainable growth and excellence.

Sagar Daryani, CEO of Wow! Momo, expressed his optimism about the company’s future, stating, “For us, this is just the beginning; we have been consistent, resilient, and sharp-focused on sustainable growth, and the belief this round of investors have shown in us fortifies our faith and further motivates us to be change makers.”

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