Mumbai, April 18 -- Wow! Momo has appointed Avendus to raise $80-100 million in a mix of primary and secondary shares with investor Lighthouse Funds completely exiting its stake in the quick service restaurant chain, two people familiar with the matter told Mint.

"Lighthouse has been invested for a long time and will completely exit their stake with this round," one of the people said, adding that Avendus is running the mandate and will help the company raise money from new and existing investors later this year.

Avendus, Wow! Momo and Lighthouse Funds did not immediately respond to Mint's request for a comment.

Lighthouse's exit will come nearly eight years after the firm made its initial investment in Wow! Momo's series B round, in w...