Khazanah, Haldiram promoter back Wow! Momo in Rs 150 crore funding round

Kamal Agrawal, part of the promoter family behind India’s leading snacking brand Haldiram, and Malaysian sovereign wealth fund Khazanah Nasional are spearheading a Rs 130–150 crore bridge funding round in quick service restaurant (QSR) chain Wow! Momo, according to people familiar with the matter.

This interim round has been structured through convertible notes, with the company’s valuation to be finalised in the upcoming fundraise. Wow! Momo has appointed investment bankers to manage the next round.

The Kolkata-based QSR chain is looking to…