Wow! Momo Secures Rs 70 Crore Investment from Z3Partners

Wow! Momo, the Quick-Service Restaurant (QSR) chain, announced on Wednesday that it secured Rs 70 crore from Z3Partners, an extension of its recent funding round. This adds to the previous investment of Rs 350 crore from Khazanah Nasional Berhad, Malaysia’s sovereign wealth fund.

Wow! Momo operates three brands: Wow! Momo, Wow! China, and Wow! Chicken.

Sagar Daryani, CEO of Wow! Momo, expressed gratitude for the investors’ confidence, stating, “We remain committed to sustainable growth, and this backing reinforces our determination to drive positive change.”

Established in 2008, Wow! Momo boasts over 600 outlets across 38 cities and has diversified into the FMCG sector alongside its QSR vertical.

Rishi Maheshwari, Managing Partner at Z3Partners, praised Wow! Momo’s entrepreneurial spirit, highlighting their success in building a large-scale, high-quality food business.

With Z3Partners’ Rs 70 crore contribution, this funding round surpasses Rs 480 crore, comprising Rs 270 crore in primary infusion and Rs 210 crore in secondary purchase from early-stage investors.