Mumbai, Oct. 19 -- Focus Prism, a Coimbatore-based food services platform that raised Rs.145 crore from OAKS Asset Management last month, has acquired FoodExo Chennai Pvt. Ltd, underscoring the consolidation of assets in a niche segment and growing institutionalization in a sector currently dominated by global players.

Through the capital infusion, OAKS has taken a significant minority stake in Focus Prism. While the bulk of the proceeds from the fundraise financed the acquisition, Focus Prism also reserved a portion of the capital for other growth plans, Vivek Anand, managing director and founder of OAKS, told Mint. The acquisition was about Rs.150 crore in size and was a mix of stock and cash, he added.

Led by founder and managing dir...