Wow! Momo Foods, which owns and operates quick-service restaurant (QSR) brands Wow! Momo and Wow! China, has raised $23 million in a Series B funding round led by Tiger Global, one of the most prolific global investors in Indian startups. This is Tiger Global’s first investment in a QSR brand in India. — Mint

Khaitan & Co advised WoW Momo Foods Private Limited led by a team of partner Arindam Sarkar, partner Suhana Islam Murshedd, and principal associate Prithwijit Gangopadhyay; due diligence was handled by partner Shailendra Bhandare, and senior associates Sourav Dan, Sumantra Bose, Risa Das and associates Rhea Ghanshani, Riya Dutta; employment law aspects were led by partner Anshul Prakash, and senior associate Abhimanyu Pal.

Deal value: USD 23 million

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