India's $5 billion fast-food sector has seen significant growth, driven by rising demand among low- and middle-income families
While Khazanah led the round by investing Rs 350 crore, PE company OAKS put in the remaining Rs 60 crore. The round also saw early investors diluting their stake in the QSR chain.
The Tiger Global-backed restaurant chain says Wow! Momo, Wow! China and Wow! Chicken have been launched in the 'festivemverse'
Amid rising COVID-19 cases, night curfews have been implemented in a number of states including Karnataka, Delhi, Madhya Pradesh, Uttar Pradesh, Assam, Kerala.
Launched in August 2008, the QSR chain currently has 350 outlets of Wow! Momo and over 50 outlets of Wow! China. The company is planning to set up over 150 stores and 50 cloud kitchens next year.
Wow! Momo has tied up with BigBasket for an initial distribution
The Kolkata-based restaurant chain did not disclose the quantum of stake picked up by Bissell.
Multiple food startups are suggesting the government to re- introduce the input tax credit even as they want an increase in GST.