When Food Meets Tech—Spice Lounge’s Singapore Acquisition Spices Up Its Future

In a strategic international move, Spice Lounge Food Works Limited announced today that its Board has approved the acquisition of Prisha Infotech Pte. Ltd., a Singapore-based IT and software development firm, for USD 150,000. The transaction aligns with the company’s long-term vision to expand its footprint in technology-driven business solutions and digital initiatives.  

Once completed, Prisha Infotech will become a wholly owned subsidiary of Spice Lounge Food Works, effective January 1, 2026. The acquisition is fully funded through cash consideration and does not qualify as a related-party transaction.  

Major Takeaways from the Announcement:

Acquired Entity: Prisha Infotech Pte. Ltd., established in May 2021, focuses on software and programming services.  
Financial Snapshot: The firm reported a turnover of USD 7.85 million (FY 2025), USD 10.81 million (FY 2024), and USD 10.02 million (FY 2023), signaling consistent performance.  
Transaction Value: USD 150,000 to acquire 100% shareholding, making it a full subsidiary.  
Strategic Purpose: To enhance digital capabilities, drive IT integration, and widen access to international markets.  
Regulatory Requirements: No external or governmental approvals were necessary for completion.  
Completion Timeline: Expected within 12 months from the agreement’s execution date.  
Payment Mode: Entirely cash-based transaction with no share swap involved.  

Notable Updates:
This acquisition marks Spice Lounge’s entry into the IT domain, aligning its food service and technology operations under one umbrella. The company anticipates leveraging software capabilities to streamline digital ordering systems, data analytics, and customer engagement platforms, enhancing operational efficiency and cross-border synergies.  

Sources: NSE Corporate Filings, BSE Corporate Announcements.