QSR chain Wow! Momo Foods, which currently owns and operates Wow! Momoand Wow! China has raised Series C funding of over $15 million, led by Tree Line Investment Management. The round also saw participation from IAN Fund (Indian Angel Network), as well as existing investor Lighthouse Funds.
The fresh funds will enable the brand to amplify efforts on its newly launched FMCG business, add more energies to the expansion of its QSR & Cloud Kitchen brands and also fuel its growth in the launch of its new verticals to be announced soon, the company said in a statement. It added that with the fresh funding, the company is now geared towards crafting the story of Wow 2.0 post its latest pivot.
