Wow! Momo raises ₹44 crore at ₹230 crore valuation

Kolkata-based fast food chain Wow! Momo has raised ₹44 crore in Series B funding led by Lighthouse Funds and Indian Angel Network (IAN) at a valuation of ₹230 crore. With this funding round, some IAN investors who had initially backed Wow! Momo in August 2015 exited with an internal rate of return of nearly 50% in less than 18 months.