Announced
Completed
Financials
Sources
Tags
Restaurants and Bars
Acquisition
India
Minority
Cross Border
Private
Single Bidder
Private Equity
restaurant chain
Completed
Friendly
Synopsis
OAKS Asset Management, an investment management firm, led a $16m Series D funding round in Wow! Momo, a quick service restaurant chain. The company plans to use the fresh funds to build strong back-end capabilities for entering the Tier-1 and Tier-2 markets in India. “You only grow when the ecosystem around you grows; even in such riotous times, good profitable, sustainable and scalable business models will always find the right backing & that is the faith with which we started our first outlet in 2008,” Sagar Daryani, Wow! Momo CEO and Co-Founder.
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