Awesome! Momo, India's leading quick service restaurant (QSR) chain, has raised Rs 70 crore from Z3Partners in its latest funding round.

This investment, which is a continuation of the last round, is a major initiative. Investment from Z3Partners, an early growth digital and technology investor in India.

“The underlying proceeds will drive growth and expansion of the quick service restaurant (QSR) brand and help strengthen the distribution and research and development (R&D) position of the FMCG arm. “The entire round is a testament to the brand's vision, scalability and precision in profitability,” the company said in a statement.

The round builds on the momentum generated by Wow! Momo's previous successful financing of INR 350 million from Khazanah Nasional Berhad , a Malaysian sovereign wealth fund,

WOW!Momo, which operates 3 strong national brands, Wow!China Wow! Consumer goods combined with the QSR segment, turning its cumulative growth story into a huge success story.

“For us, this is just the beginning; We have been consistent, resilient and clearly focused on sustainable growth and the confidence this round of investors has shown in us reinforces our belief and further motivates us to be agents of change. “We believe Z3Partners has a strong strategic lens, which will only strengthen our security guardrails going forward,” said Sagar Daryani, CEO of Wow! Momo said.

Commenting on the development, Rishi Maheshwari, Managing Partner at Z3Partners, said: “Amazing! Momo, in the true sense, is a reflection of the country's vibrant business scene. Over the years, Sagar and his team have been singularly focused on building a high-quality food business at scale, driven by superior executive experience. This aligns perfectly with our investment thesis of supporting scalable companies with large, addressable markets that leverage technology to drive efficiency across the value chain. "

The successful closing of this round of financing highlights Wow! Momo's position as a major player in India's quick service restaurant scene, reflects investors' confidence in its business model, growth prospects and commitment to excellence.