Wow Momo Raises Rs 350 Cr From Malaysia s Sovereign Wealth Fund

other

▤ Summary

The funds raised will be dedicated to pivotal aspects such as brand expansion and strengthening distribution channelsWow! Momo Foods secures Rs 350 crore in funding from Khazanah Nasional Berhad, Malaysias sovereign wealth fund. This marks the companys most significant funding achievement to date, propelled by robust double-digit growth in the broader food services sector and the widespread popularity of momos as a favored snack in India.The funds raised will be dedicated to pivotal aspects such as brand expansion, strengthening distribution channels, and conducting research and development for their FMCG arm.

▥ Classifications

industries
No industries detected
applications
No applications detected

◇ AskAI Classifications

Labels
No AI classifications detected

▦ Linked Companies