Wow! Momo, the popular Kolkata-based quick service restaurant chain known for its delicious momos, has raised ₹130–150 crore in a bridge funding round. The investment was led by Kamal Agrawal, a key member of the Haldiram promoter family, and Khazanah Nasional Berhad, the Malaysian sovereign wealth fund.
The funding, structured through convertible notes, will help Wow! Momo is gearing up for its next big round, expected to close between October and December 2025. In that round, the company is aiming to raise around $75–80 million (₹600–700 crore). The valuation for the current round will be decided during that fundraising event.
So far, Wow! Momo has raised more than ₹600 crore, including a ₹350 crore ($42 million) Series D round led by Khazanah. The latest round also saw participation from several family offices and high-net-worth individuals.
Known for its four brands—Wow! Momo, Wow! China, Wow! Chicken, and Wow! Kulfi—Wow! Momo has expanded rapidly, with 680 outlets across India. And they’re not stopping anytime soon. The company plans to open an additional 200–250 outlets in the next year as it continues to grow its footprint in the competitive QSR market.
This funding marks an exciting chapter for Wow! Momo as it building on its success and preparing for even bigger milestones soon.
