<ul><li>Wow! Momo, a Kolkata-based QSR chain, raised INR 85 Cr debt from Stride Ventures to strengthen its omnichannel strategy and expand presence in the FMCG vertical.</li><li>Founded in 2008, Wow! Momo has over 630 outlets in 35 cities, with plans to expand further and target 100 more cities in the next three years.</li><li>In FY24, Wow! Momo's net loss was INR 114.4 Cr, with operating revenue increasing by 13.83% to INR 470 Cr. The company aims for INR 650 Cr revenue in FY25 and plans for an IPO in 2027.</li><li>The debt investment follows the startup's bridge funding round and upcoming plans to raise $75-80 Mn. Wow! Momo also intends to scale up its FMCG vertical and launch its own delivery app, Wow! Eats.</li></ul>

Wow! Momo Raises INR 85 Cr Debt From Stride Ventures

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