Wow! Momo to raise Rs 185 Cr ($20M) debt led by InCred in second debt round this year

QSR chain Wow! Momo is raising Rs 185 crore ($20M) via 18,500 NCDs, led by InCred (Rs 125 Cr) with RevX (Rs 40 Cr) and Anicut (Rs 20 Cr). The debt refinances borrowings and funds growth across 850+ outlets in 90+ cities. FY25 revenue hit Rs 640 crore, targeting Rs 1,200 crore by FY27.

— Filed Mon, 6 Jul, 2026, 12:19 IST · Source Entrackr · Updated

QSR chain Wow! Momo is raising Rs 185 crore ($20M) in debt led by InCred, with RevX and Anicut, its second debt raise this year, to refinance borrowings and fund growth across its 850+ outlets.

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