Fast food chain Wow! Momo today said it has raised Rs 44 crore in Series B funding from venture capital firm Lighthouse Funds and angel investor group Indian Angel Network (IAN). The latest round of funding led by Lighthouse Funds, which invests in mid-market consumer-driven firms, values the company at Rs 230 crore, the Kolkata-based firm said in a statement. Besides, it also provided “a highly profitable” exit to the tune of Rs 10 crore to some of the IAN investors who decided to sell their shares partly/completely to Lighthouse, it added.
reported PTI.
Lighthouse Funds invested Rs 40 crore and India Angel Network invested 4 crore into the 115-pan-India-outlet-strong momo chain.
Khaitan & Co acted for Wow Momo Foods Pvt Ltd according to its press release, led by
The team was also assisted with “specialist inputs” from
Direct tax
Luthra & Luthra
threads most popular
thread most upvoted
comment newest
first oldest
first
I disapprove. :P
Readers of LI demand a rollback.
Yes, I made some small tweaks, but nothing too crazy to the homepage, mostly just cleaning it up - what is it you don't like or that you'd like back?
Follow your dreams, and you will make your path!! Follow good advice. (But really, try to get into a top NLU)
~~~~~~~~~~~
ThePhantom
threads most popular
thread most upvoted
comment newest
first oldest
first