NEW DELHI: William Bissell, Managing Director of ethnic products brand Fabindia, has invested an undisclosed sum in Wow! Momo and will join the Kolkata-headquartered quick-service restaurant chain’s advisory board.
While the terms of the transaction were not disclosed, Bissell, who has emerged as an active angel investor in recent years, has pumped in Rs 3-4 crore in Wow! Momo, according to a source briefed on the development.
“William will play a significant role in advising us on our growth strategy, given our plans to expand our footprints,” Sagar Daryani, CEO, Wow! Momo said.
Bissell, an Indo-American, was also earlier reported to have invested in digital publishing startup Juggernaut.