Business · Companies · 1 hr ago
Focus Prism raises ₹145 crore and acquires Chennai caterer FoodExo
Coimbatore-based Focus Prism raised ₹145 crore from OAKS Asset Management and acquired Chennai corporate caterer FoodExo.
The deal, worth about ₹150 crore, was paid for with a mix of cash and shares, with most of the new funding going toward the purchase.
FoodExo serves 150,000 meals a day and its founder, Ganesh Panchanathan, has joined Focus Prism as head of south operations.
Focus Prism runs food-service operations in more than 25 cities and has over 65 kitchens under management.
India’s institutional food-services market exceeds ₹60,000 crore, but it remains fragmented, with the three largest companies holding about 11% of the market.
Focus Prism expects about ₹700 crore in revenue this fiscal year and plans to grow by acquiring and integrating regional food-service businesses.
It says it aims to bring those businesses onto shared management, technology and procurement systems, with a target of more than ₹1,500 crore in revenue by FY30.
Focus Prism raised ₹145 crore from OAKS Asset Management and acquired Chennai-based corporate caterer FoodExo.
The acquisition was valued at about ₹150 crore and paid for with a mix of cash and stock.
OAKS took a significant minority stake in Focus Prism, with most of the new funding used for the acquisition.
Focus Prism plans to integrate regional food-service operators using common management, technology and procurement systems.
After the acquisition, Focus Prism projects revenue of about ₹700 crore in the current fiscal year and more than ₹1,500 crore by FY30.
- Who
- Coimbatore-based food services platform Focus Prism acquired FoodExo Chennai Pvt. Ltd. OAKS Asset Management provided the funding.
- What
- Focus Prism raised ₹145 crore from OAKS and acquired FoodExo in a cash-and-stock deal valued at about ₹150 crore.
- When
- Focus Prism raised the funding last month, according to the article published on 19 October 2026. The acquisition was reported in that article.
- Where
- Focus Prism is based in Coimbatore, and FoodExo is based in Chennai.
- Why
- Focus Prism plans to expand and consolidate food-service businesses, integrating them through shared management, technology and procurement systems.
This story does not have two clearly opposing sides.
Focus Prism was founded by Subramanian Suryanarayanan.
FoodExo was established.
Focus Prism raised ₹145 crore from OAKS Asset Management, according to the article published on 19 October 2026.
- Funding
- ₹145 crore from OAKS Asset Management
- Acquisition value
- About ₹150 crore, in cash and stock
- FoodExo scale
- More than 2,000 employees serving 150,000 meals per day as of 2025
- Focus Prism operations
- More than 25 cities and over 65 kitchens under management
- Revenue projection
- About ₹700 crore in the current fiscal year
What people are saying
What attracted us here was the combination of a highly fragmented industry, an experienced founder, and a technology and process platform that can bring consistency, visibility and discipline to a business that has historically been fragmented