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 partner Arindam Sarkar, principal associate Suhana Islam, senior associate Prithwijit Gangopadhyay and associate Shourya Sengupta.

The team was also assisted with “specialist inputs” from partner Supratim Chakraborty. Due diligence drafted in principal associate Gaurav Dasgupta, principal associate Gautam Banerjee, associate Nikita Bhuwania and associate Aritri Roy Choudhury.

Direct tax principal associate Asim Choudhury and associate Rohan Poddar also advised.

Luthra & Luthra partner Amit Shetye acted for Lighthouse and the Indian Angel Network.

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Like +0 Object -0 Guest 15 Jun 17, 14:07
I think you meant Amit "Shetye" from Luthra.
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Like +0 Object -0 kianganz 15 Jun 17, 14:19
Yes, you must be right - sorry about that, corrected.
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Like +2 Object -0 Light Momo 15 Jun 17, 14:31
Luthra & Luthra acted for Lighthouse Funds and certainly not for Lightspeed.
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Like +0 Object -0 kianganz 15 Jun 17, 14:32
Yes, sorry for that typo also, thanks for spotting :)
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Like +2 Object -0 More Momo 15 Jun 17, 19:22
Supratim #ftw!
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Like +2 Object -2 hmm 15 Jun 17, 20:06
6.5 million deal being reported- really?
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Like +4 Object -1 Guest 16 Jun 17, 01:23
How many people from khaitan work on a deal this size???
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Like +6 Object -10 Dealtracker 16 Jun 17, 03:43  controversial
The deal value is not important. The specifics of the deal are. Where you need specific specialised advice, you need specialists for the same. That explains the number of people. I don't know who you are, but if you are in the early stage of your career, then you better not look into the deal value ... rather look into the value the deal contributes to your career.
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Like +5 Object -1 Guest 16 Jun 17, 16:13
curious to know what substance you are on? Luthra had one Partner on the assignment and the size of the deal dictates the fee for the law firm more often than not; so with a smaller fee mandate you throw an army of lawyers...but then its KCO....
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Like +1 Object -1 Dealtracker 21 Jun 17, 05:07
There are firms that believe in giving each and every person's name who has worked on a transaction and then there are those which only give the names of the partners while reporting. That's the difference
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Like +2 Object -0 ooolaaalaaaaaa 16 Jun 17, 09:13
11, didn't you notice?
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Like +2 Object -6 Mmmmm 16 Jun 17, 04:04
Good to see deals being closed in Cal. Kudos to Arindam and his team - the best in the city!
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Like +1 Object -0 ElCid 16 Jun 17, 16:35
Is it my phone or have you changed the home page interface, Kian?

I disapprove. :P

Readers of LI demand a rollback.
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Like +0 Object -0 kianganz 16 Jun 17, 18:31
Haha, thanks for your feedback. What kind of phone model or what kind of size screen is it?

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?
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Like +0 Object -0 ElCid 16 Jun 17, 18:56
I think it was something wrong with my phone. The tiles were missing. There was bright orange and red everywhere. Seemed as if you wanted to copy lawctopus. Everything was in a list.
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Like +0 Object -0 kianganz 16 Jun 17, 19:00
Ohah, that might have been the data connection having cut out and loaded the page styles incompletely... No radical re-designs planned, have mostly done some tiny tweaks of the desktop layout. If there's anything you'd like us to change, please let me know.
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7.1.1.1...
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Like +0 Object -0 ThePhantom 19 Jun 17, 00:56
Wow... Khaitan would be so proud of your lovey dovey conversation now!! Give them some space (advertisement)! Try PM guys! No PDA!
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Like +3 Object -6 Shardool 16 Jun 17, 16:50
Arindam & Co got the deal because Sakshi from SAM said no to Wow Momo...SAM doesn't believe in doing charity for startups
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Like +1 Object -0 Deal tracker 20 Jun 17, 05:02
Ha ha ... Why don't you run a google on how many deals SAM Cal has closed as compared to the KCO team in Cal... or just a search on LI ... Sakshi must be having plenty on her plate to refuse charity work ... Or may be SAM has enough to feed a non functional office ...
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Like +0 Object -0 Guest 16 Jun 17, 18:03
Can we please have a report comparing non-NLU placements and salaries? 90% of people do not crack CLAT and have to look at non-NLU options. Thanks.
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Like +1 Object -3 ThePhantom 19 Jun 17, 01:04
Sorry kid. Go to a decent college. You cannot compare a non-NLU with an NLU. GLC/Symbi people cry a lot trying to compare. Though most are worthless, they try to point out other self-made GLC/Symbi lawyers achievements to feel good about themselves and make their mommy proud. But when they join us they are utterly useless. You find one gem out of 100's of them. 1-20 good ones out of 400-500 GLC/Symbi spit out every year. Try to be a gem without relying on your college. Be the change you wish to see around you. ;) Next time vote, that we really do get a change around us and not fake acche din promises, but our good days.

Follow your dreams, and you will make your path!! Follow good advice. (But really, try to get into a top NLU)

~~~~~~~~~~~
ThePhantom
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