The company will use part of the funds (Rs 180 crore) for expansion, while the rest (Rs 220 crore) will provide an exit route to the early stage investors. Along with Khazanah, existing investor OAKS Asset Management will bring in Rs 60 crore in this round
Wow! Momo Raises Rs 410 Cr In Latest Round Led By Khazanah, OAKS menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.
Quick service restaurant (QSR) chain, Wow! Momo, said on Tuesday that it has raised Rs 410 crore (around $49 million) in its Series D round led by Khazanah Nasional Berhad, the sovereign wealth fund of Malaysia, and OAKS Asset .