India, June 24 -- Set to increase its footprint in Tier II cities in Telangana, Karnataka, Tamil Nadu and Maharashtra

QSR momo and bao brand, Zomoz has raised Rs 5 Cr co-led by The Chennai Angels and Hyderabad Angels to increase its footprint in Tier II cities in Telangana, Karnataka, Tamil Nadu and Maharashtra. A few HNIs have also participated in the round. The brand currently operates 72 outlets in these four states and is rated the highest among its competitors.

The funds raised will primarily be used to increase the outlet count to 100 within the next three quarters. Bolstered by robust unit economics and a very asset-light model, Zomoz has also turned profitable and aims to achieve its target of 100 outlets while maintaining profi...