Momofuku Secures $17.5 Million Funding from Siddhi Capital for Global Restaurant Expansion
March 23, 2023
Momofuku, a renowned restaurant startup founded by David Chang, has secured $17.5 million in funding from Siddhi Capital to expand its global restaurant network. The company was established in 2004 with the opening of Momofuku Noodle Bar and has since expanded to include restaurants in major cities worldwide, such as New York City, Sydney, Washington, DC, Las Vegas, Los Angeles, and Toronto.
Momofuku is known for its innovative take on cuisine and commitment to supporting local, sustainable, and responsible farmers and food purveyors. The company's flagship restaurant, Momofuku Ko, has won numerous awards, including two Michelin stars and a place on the list of S.Pellegrino World's Best Restaurants.
In addition to its restaurants, Momofuku has also expanded its offerings to include Milk Bar, a bakery with multiple locations throughout major cities, and Nikai, a bar.
With this recent funding, the company is expected to continue its growth and expand its reach to new markets worldwide. Check our Latest funding round for more information; https://founderlodge.com/round/Momofuku-raises-17500000-Unknown-2023-03-21-David-Chang-MTExNTg