Wow! Momo gets 130cr investment from New York's Tiger Global
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Tiger Global Management New York has invested Rs 130 crore in the Wow fast service restaurant chain. The purchase is anticipated to price Kolkata-based WOW! Momo at Rs 860 cr, a nearly three-fold leap from its last funding when Fabindia CEO William Bissell invested Rs 3 cr. This is also Tiger Global's latest outlay in this year, shelling out between $300 million and $400 million in Asia's third-largest economy.