Spice Lounge Food Works Acquires Prisha Infotech for $150K
Filing Summary
Spice Lounge Food Works Ltd has announced the acquisition of Singapore-based Prisha Infotech Pte. Ltd. for USD 150,000. The acquisition involves a 100% stake and is aimed at enhancing the company’s technology capabilities within the food service and hospitality sectors. The transaction is expected to be completed within 12 months, with no regulatory approvals required. Prisha Infotech specializes in enterprise software and digital platforms, which will be integrated into Spice Lounge’s operations to support its strategic expansion and diversification efforts.
Spice Lounge Food Works Ltd has announced the acquisition of Prisha Infotech Pte. Ltd., a Singapore-based entity, for a total consideration of USD 150,000. The acquisition involves a 100% stake in Prisha Infotech and is part of Spice Lounge’s strategy to expand its technology capabilities within the food service and hospitality sectors. The transaction has been approved by the Board of Directors and is aligned with the company’s long-term strategy of expansion and diversification.
The financial terms of the acquisition specify a cash consideration of USD 150,000. The acquisition does not require any regulatory approvals, and the completion timeline is set within 12 months from the execution of definitive agreements. This acquisition is a strategic move by Spice Lounge to integrate technology into its business model, enhancing its operational efficiency and customer engagement capabilities.
The scope of the acquisition includes the integration of Prisha Infotech’s expertise in enterprise software, digital platforms, and technology solutions. These capabilities are expected to support improved operational efficiency, customer engagement, and data-driven decision-making across Spice Lounge’s portfolio of brands and outlets. The integration will focus on enhancing supply chain management, point-of-sale systems, and customer experience platforms.
Prisha Infotech, incorporated on May 6, 2021, operates in the IT and IT-enabled services space, specializing in software development and programming solutions. The company has reported consistent revenue performance over the past three years, with a turnover of USD 7.86 million in FY2025, USD 10.82 million in FY2024, and USD 10.02 million in FY2023. This acquisition is expected to provide Spice Lounge with a robust technology backbone to support its strategic goals.
The timeline for the acquisition’s completion is set within 12 months from the execution of definitive agreements. No regulatory approvals are required for this transaction. The integration of Prisha Infotech’s capabilities is expected to enhance Spice Lounge’s digital foundation and enable access to international markets through Singapore.
Spice Lounge Food Works Ltd is a publicly listed food service company with operations across three states in India. The company manages and scales over 13 outlets under leading global and homegrown brands. Spice Lounge focuses on operational excellence, brand partnerships, and technology-driven platforms to deliver consistent dining experiences across casual, quick-service, and fast-casual formats.