India, Dec. 27 -- Quick service restaurant (QSR) chain Wow! Momo has bagged INR 75 Cr (about $8.4 Mn) as part of its ongoing bridge funding round from ace investor and Singularity AMC founder Madhusudan Kela.

Earlier, the bridge round saw participation from Malaysia's sovereign wealth fund Khazanah Nasional Berhad, 360 One and Haldiram's promoter Kamal Agarwal. It was reported earlier this year that the QSR chain was looking to raise INR 130 Cr to INR 150 Cr in bridge funding.

In a statement, Wow! Momo said that the fresh capital will be used for expansion, product innovation, and strengthening its path to profitability. It is targeting to enter more than 100 cities and have a footprint of over 1,500 stores in the next two years.

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