Are ya hungry? Wow! Momo Foods is an Indian quick-service restaurant (QSR) chain that just raised a total of $49M in a Series D to grow their food business. 

• Launched in 2008, the group has over 630 outlets in 35 cities. 

Investor check. Khazanah Nasional pumped $42M into the group, while OAKS Asset Management invested $7M.

• The funding will be made through both primary infusion and secondary purchase from their early-stage investors, Indian Angel Network and Lighthouse Funds.
• They were backed by Tiger Global in 2019.

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🥟 All we can say is Wow! 

Wow! Momo Foods operates three brands, including:

• Wow! Momo sells steamed, fried, and pan-fried momos in different flavors. They also offer the MoBurg—a burger filled with two pieces of fried momos.
• Wow! Chicken sells grilled chicken.
• Wow! China sells Chindian cuisine like Khao Suey, Peppery Lemon Paneer, and rice bowl meals.

Ready-to-eat. They entered the fast-moving consumer goods (FMCG) market with their frozen ready-to-eat momos in 2021. 

Giant dreams. Say hello to Wow! Eats, a large format eatery where you can buy anything from the three Wow! Momo Foods brands.

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👣 What’s with the $$$?

They’ll grow their QSR brand, double down on R&D, and strengthen distribution for their FMCG products. 

• In the next 3 years, they plan to enter more than 100 cities to have a footprint of 1.5K stores.