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Tag: Lighthouse Funds

  • Goafest 2024 unveils stellar line-up of speakers and sessions

    Goafest 2024 unveils stellar line-up of speakers and sessions

    Mumbai: Gearing up to present three days of learnings, discussions, and deliberations while celebrating creative excellence, Goafest 2024 presents a stellar line-up of speakers for its 17 edition. With sessions that discuss various facets of the festival’s theme ‘The Age of Adaptability’, Goafest 2024 promises to unpack and deliver practical learnings through topics that are of significant relevance through keynotes, discussions, masterclasses and more.  

    The festival will host over 50 speakers and entertainers, across 20 sessions in addition to 15 masterclasses.

    Tata Play’s managing director and CEO, Harit Nagpal and Sanjiv Mehta, executive chairman, L Catterton India are among the select few who will address attendees through keynotes.  

    Additionally, Tarun Puri, senior operating partner, Lighthouse Funds, Asha Kharga, chief customer & brand officer, Mahindra Group, Raymond Lifestyle’s Sunil Kataria, Maruti Suzuki’s Shashank Srivastava, Nestle’s Chandan Mukherjee, Tata Motors’ Shubhranshu Singh, The Good Glamm Group’s Sukhleen Aneja, Honasa’s Zairus Master, Darshana Shah from Aditya Birla Capital, among others will engage in conversations and discussions. Other prominent speakers include Dr Marcus Ranney, Manoj Bajpayee, Sourav Ganguly, Zeenat Aman, Vikrant Massey, Medha Shankar, Neha Dhupia, Tahira Kashyap and Neelesh Misra.

    In addition to Goafest sessions, Goafest 2024 will host the second edition of its talent showcase, ‘Advertising Rocks’. Moreover, making way for wholesome entertainment will be performances by Sukhwinder Singh and Harshdeep Kaur as well as an After Hours Party each day.

    On unveiling the stellar line-up of speakers and sessions, Goafest 2024 FCB Global partner and chairman of the content committee Rohit Ohri said, “Goafest 2024 is set to ignite minds, spark creativity, and explore new frontiers in the ever-evolving landscape of advertising and marketing. We are excited to offer a diverse array of speakers and sessions that celebrate creative excellence and emphasize the crucial role of adaptability in thriving within our industry. With warm hearts and joyful smiles, we eagerly anticipate welcoming all delegates and together redefining the future of our business.”

    Anupriya Acharya, CEO South Asia, Publicis Groupe, and Immediate Past President of The Advertising Agencies Association of India further added, “This year at Goafest, we are embarking on a transformative journey with the theme ‘The Age of Adaptability’. Our carefully curated speaker line-up reflects this ethos, showcasing how our industry must pivot and innovate in response to shifting landscapes. From insightful sessions to vibrant celebrations, Goafest 2024 will promise an enriching experience for all. With this, we are eagerly looking forward to welcoming our delegates, confident that together, we will navigate the ever-evolving currents of our industry with agility and ingenuity.”

    Visit https://www.goafest.com/goafest2024/event-schedule.php for the event schedule along with speakers, and sessions.

    For details and registrations for masterclasses visit, https://www.goafest.com/goafest2024/event-schedule.php#masterclass.

    Don’t miss out on attending South Asia’s foremost advertising and marketing festival. Register today by visiting  https://www.tecogis.com/goafest/client/Login.aspx

    For details on partnership opportunities, masterclasses, talent initiative ‘Advertising Rocks’ and more, visit goafest.com

    For more updates, follow Goafest 2024 on Instagram @goafestlive. Follow @theadclubindia on Instagram for updates on the Abby Awards 2024 Powered by One Show.

     

  • Khazanah Nasional Berhad invests $42 mn into Wow! Momo

    Khazanah Nasional Berhad invests $42 mn into Wow! Momo

    Mumbai: Wow! Momo Foods, the operator of Wow! Momo, Wow! China and Wow! Chicken has raised over Rs 350 crores from Khazanah Nasional Berhad (“Khazanah”), the sovereign wealth fund of Malaysia. The investment will be made through both primary infusion and secondary purchase from early-stage investors, the Indian Angel Network (“IAN”) and Lighthouse Funds.  

    In addition, the company’s existing investor, OAKS Asset Management, has also infused INR 60 crores of additional funding into Wow! Momo Foods.

    Commenting on the announcement, Wow! Momo Foods CEO and co-founder Sagar Daryani said, “There is no greater joy for a founder than giving its initial investors (Indian Angel Network (IAN) and Lighthouse Funds) great partial exits. For us, the Bharat Story has just begun with a huge headway of growth. With Khazanah’s investment into the business and their long-term approach, we will strive to become the powerhouse of innovation and transformation in the food space while keeping a strong balance between sustainability, growth and backing breakthroughs”.  

    Khazanah MD Dato’ Amirul Feisal Wan Zahir said, “We are excited to be on the journey with Wow! Momo in their mission to build the largest QSR brand in India. We aim to encourage the growth of Wow! Momo through enhanced scalability, technological fortification, and focusing on building a strong back-end capability to support its growth.”      

    OAKS Asset Management founder and CEO Vishal Ootam said, “In our journey with investments in other F&B brands, we have realised that long-term thinking and dynamic leadership are essential. We feel that Wow! Momo has both. We feel that Wow! Momo will not only gain dominance in the domestic market but also be the first globalized QSR company from India. We are ready to scale with the brand.”

    Launched in August 2008, Wow! Momo Foods is a multi-billion-rupee quick service restaurant (QSR) chain with more than 630 outlets in over 35 cities. It has a robust expansion plan of over 200 outlets in the coming fiscal year and steadfast growth of its FMCG business.  

    The primary fund will fuel the growth and expansion of the quick service restaurant (QSR) brand and help to strengthen the distribution foothold and research and development (R&D) for the FMCG arm. The entire round is a testimony to the brand’s vision, scalability, and rigor on profitability.  

    Wow! Momo, together with Wow! China and Wow! Chicken’s aim is to enter more than 100 cities and look at a footprint of over 1500 stores in the next three years. The brand is also expanding across various touchpoints in FMCG with over 1200 retail outlet presence across more than 50 cities in modern trade and quick commerce with its ready-to-eat momos and along with new path-breaking product launches lined-up in the coming fiscal year.

    In the transaction, Investec acted as the financial advisors to Wow! Momo. With this latest round; Wow! Momo Foods has bought back Indian QSR to the map of formidable, & scalable businesses. Hunger for growth, strong muscle of right people and most importantly sustained control over unit economics is what makes Wow! Momo story a delectable portion of real growth story. Made in India; made by India.