India, April 18 -- Kolkata-based QSR chain Wow! Momo is reportedly raising INR 130 -150 Cr in its bridge funding round.

An ET report, citing people close to the matter, said that Haldiram's promoter Kamal Agrawal and Malaysia's wealth fund Khazanah Nasional are leading the round.

Besides, a clutch of family offices and high-net-worth individuals (HNIs) are also expected to participate in the fundraise.

The round is structured through convertible notes, with the valuation to be finalised in the next round, the report added.

Inc42 has reached out to Wow! Momo for comments on the development. The story will be updated based on the response.

This also comes at a time when Wow! Momo is planning to raise $75- 80 Mn in its next funding roun...