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    HomeNewsBusinessStartupWoW Momo valued at Rs 300cr after Fabindia investment

    WoW Momo valued at Rs 300cr after Fabindia investment

    The Kolkata-based restaurant chain did not disclose the quantum of stake picked up by Bissell.

    PTI
    June 15, 2018 / 19:03 IST
    A vendor sells dumplings at a street corner in Beijing July 12, 2007. China has stepped up a campaign to clean up its food industry after a series of food, drug and other safety scandals it fears will damage its global credibility. Dumplings stuffed with cardboard and bogus rabies vaccines are the focus of the latest health scares in China, where the government has banned an industrial solvent used in toothpaste after a spate of global recalls. REUTERS/Claro Cortes IV (CHINA) - GM1DVRLRSUAA

    Quick service restaurant chain Wow Momo today said Fabindia Managing Director William Bissell has invested a minority stake in the company, which is now valued at over Rs 300 crore.

    The Kolkata-based restaurant chain did not disclose the quantum of stake picked up by Bissell.

    The current investment has estimated the company to be valued at over Rs 300 crore, a statement by Wow Momo, founded in 2008, said.

    "... William Bissell has also turned into an angel and strategic investor over the years and has made several investments in his personal capacity, Wow Momo being the latest one," the statement said.

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    PTI
    first published: Jun 13, 2018 10:07 pm

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