Wow! Momo Foods has raised nearly $10 million (Rs 85 crore) in debt funding from Stride Ventures. Separately, fintech startup Piston has raised $6.1 million in seed funding while PowerUp Money has raised $7.1 million led by Accel and others.
Wow! Momo raises $10m led by Stride
Quick-service restaurant chain Wow! Momo Foods has raised nearly $10 million (Rs 85 crore) in debt funding from Stride Ventures.
The fresh capital will be used to refinance existing loans and drive expansion across its QSR and FMCG verticals.
Launched in 2008 by Sagar Daryani and Binod Homagai, Wow! Momo operates over 700 outlets in 70 cities, and owns brands such as Wow! Momo, Wow! China, Wow! Chicken, and Wow! Kulfi. The firm had secured $51 million in Series D from various investors in April this year.
Spark Capital leads funding in Piston
Piston, a cardless payments platform that connects commercial fleets and gas stations, has raised $6.1 million in a seed funding round led by Spark Capital, with participation from Pear VC and BOND.
The round follows a $1.4 million pre-seed raised through the PearX accelerator, bringing Piston’s total funding to $7.5 million.
Piston will use the capital to scale go-to-market operations and expand its fast-growing network of independent gas stations and commercial fleet partners. With the seed round, Piston is also actively hiring across its go-to-market and product teams, with operations in Cupertino, California and Lehi, Utah, the statement added.
The company currently claims to be serving over 120 fleets, across 800 gas stations, and processing more than $20 million in annualised volume, growing 50% month-over-month.
PowerUp Money raises $7.1m
Wealthtech startup PowerUp Money has raised $7.1 million in its seed funding round led by Accel, Blume Ventures, and Kae Capital.
The funding also saw participation from 8i Ventures and DeVC, alongside several other angel investors.
The Bengaluru-based company intends to use the new funds to fast-track product development, enhance its proprietary investment intelligence platform, and expand its advisory services.
