Tiger Global leads funding in Wow! Momo Foods, valuing it at $120 million
This is global investor Tiger Global’s first investment in a quick-service restaurant brand in India
The company said it has been Ebitda positive since inception and growing at a compound annual growth rate of over 50% for the last three years
Wow! Momo Foods, which owns and operates quick-service restaurant (QSR) brands Wow! Momo and Wow! China, has raised $23 million in a Series B funding round led by Tiger Global, one of the most prolific global investors in Indian startups. This is Tiger Global’s first investment in a QSR brand in India.