Spice Lounge Food Works Limited has officially announced the acquisition of Singapore-based Prisha Infotech Pte. Ltd for USD 1.50 lakh, marking a strategic expansion into technology-enabled solutions for the food service and hospitality ecosystem. The board of directors approved this complete acquisition on December 17, 2025, with the company issuing a comprehensive press release on December 19, 2025.

Strategic Technology Expansion

The acquisition aligns with Spice Lounge Food Works Limited's long-term strategy of expansion, diversification and global presence. The integration of Prisha Infotech's software development and programming capabilities will strengthen the company's digital foundation and enable access to international markets through Singapore.

Management Commentary

Commenting on the development, Mr. Mohan Babu Karjela, Managing Director of Spice Lounge Food Works Ltd, emphasized the strategic importance of this acquisition. He stated that the transaction marks an important milestone in the company's growth journey, as technology is increasingly becoming a critical enabler across operations, customer engagement and decision-making.

The Managing Director highlighted that Prisha Infotech brings strong capabilities in enterprise software development, digital platforms and scalable technology solutions. The integration will enhance operational efficiency, strengthen supply chain visibility, improve point-of-sale and backend integrations, and enable more seamless and personalized customer experiences across dine-in, delivery and emerging consumption formats.

Target Company Profile and Performance

Prisha Infotech Pte. Ltd, incorporated on May 6, 2021, operates in the IT and IT-enabled services space, specializing in software development and programming solutions. The company has demonstrated consistent revenue performance over the past three years.

Technology Integration Benefits

Prisha Infotech brings expertise in enterprise software, digital platforms and technology solutions for consumer-facing businesses, supporting improved operational efficiency, customer engagement and data-driven decision-making across the company's growing portfolio of brands and outlets.

The acquisition provides a robust foundation for building an in-house technology backbone that supports data-led decision-making, real-time analytics and faster innovation cycles. The company views this move as a strategic step toward embedding technology at the core of its business model, positioning Spice Lounge Food Works Limited as a technology-enabled hospitality platform focused on long-term scalability and value creation.

Company Overview

Spice Lounge Food Works Limited is a publicly listed food service company with 754 years of combined hospitality expertise and operations across 3 states. The company manages and scales 13 outlets under leading global and home grown brands, combining operational excellence, brand partnerships and technology-driven platforms to deliver consistent, high-quality dining experiences across casual, quick-service and fast-casual formats.

Spice Lounge Food Works Limited , a publicly listed food service company, has made a significant move in the Quick Service Restaurant (QSR) sector by acquiring the exclusive master franchise rights for WingZone in India. This strategic acquisition marks an important milestone in the company's growth strategy and positions it to capitalize on the burgeoning Indian QSR market.

WingZone: A New Player in India's QSR Landscape

WingZone, an internationally recognized QSR brand, is renowned for its chicken-based offerings and innovative menu. The brand's entry into the Indian market through Spice Lounge Food Works Limited aims to bring its signature flavors and premium-quality chicken products to Indian consumers.

Expansion Plans

Spice Lounge Food Works has outlined an expansion strategy for WingZone in India:

1. Initial Launch: The company plans to open India's first WingZone outlet in Koramangala, Bangalore. Koramangala, known for its vibrant food and beverage scene, offers a high concentration of young consumers and strong footfall, making it an ideal location for the brand's debut.

2. Phased Expansion: Following the Koramangala launch, the company intends to expand WingZone's presence with additional outlets across Bangalore, Hyderabad, and Chennai.

3. Nationwide Growth: Further rollout is planned in other major cities as part of a structured, multi-phase expansion strategy.

4. Format Diversity: The expansion will utilize a mix of high-street outlets and cloud-kitchen formats to ensure both accessibility and scalability.

Strategic Implications

This acquisition aligns with Spice Lounge Food Works' broader vision to strengthen its presence in the fast-growing Indian QSR sector. By adding WingZone to its portfolio, the company aims to:

• Diversify its multi-brand food service portfolio
• Tap into the demand for international QSR brands in India
• Leverage its operational expertise to drive WingZone's growth in the Indian market

Market Outlook

The Indian QSR market is experiencing momentum, driven by:

• Evolving consumer preferences
• Rising urbanization
• Increasing adoption of global food formats

Spice Lounge Food Works, with its 75+ years of combined hospitality expertise and a 500-member team, is positioned to capitalize on these trends and work towards establishing WingZone as a player in the Indian QSR landscape.

As the company embarks on this new venture, it will be interesting to observe how WingZone's menu innovation and Spice Lounge Food Works' local market expertise combine to cater to the Indian palate and contribute to the food service sector in the country.