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Wow! Momo eyes $100 mn funding; Lighthouse to exit
Mint Hyderabad
|April 19, 2025
It is also raising a ₹130-150 crore bridge round from Haldiram's Kamal Agrawal and Khazanah Nasional Berhad
Wow! Momo has mandated Avendus to raise $80-100 million through a mix of primary and secondary share sale, with existing investor Lighthouse Funds set to fully exit, two people aware of the matter told Mint, seeking anonymity. "Lighthouse is invested for a long time and will completely exit the stake with this round," one of the people said, adding that Avendus is running the mandate and will help the firm raise funds from both new and existing investors this year.
Avendus, Wow! Momo and Lighthouse did not immediately respond to Mint's request for comments.
This story is from the April 19, 2025 edition of Mint Hyderabad.
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