Kolkata-based QSR chain Wow! Momo has raised INR 85 Cr (around $9.9 Mn) debt from Stride Ventures as it looks to strengthen its omnichannel strategy and expand presence in the FMCG vertical.
Additionally, Wow! Momo also plans to expand the footprint of its dine-in vertical. Founded by Binod Kumar Homagai, Sagar J Daryani and Shah Miftaur Rahman in 2008, Wow! Momo is a quick-service restaurant (QSR) chain with more than 630 outlets in over 35 cities.
The startup, which competes against the likes of Rebel Foods, Curefoods and EatClub in the restaurant and cloud kitchen segments, is also targeting 100 more cities over the next three years.
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