Chennai: Chennai-based industrial catering company Fusion Foods and Catering has raised strategic investment from Updater Services Private Limited (UDS).
Fusion Foods counts several IT and industrial houses among its clients and delivers over 35,000 meals and 55,000 beverages daily.
For UDS, a facilities management player, this transaction marks its foray into the industrial catering space. The transaction involved UDS providing an exit to angel investors and also funding future growth.
Veda Corporate Advisors was the exclusive financial advisor to Fusion Foods and its promoters in the transaction.
V P Rajan, associate director, Veda Corporate Advisors, said, "Fusion Foods is one of the leading home grown industrial caterers in South India and has built a strong reputation in the highly competitive food services space. Fusion Foods and UDS will cross leverage on their respective strengths to provide an integrated FMS & catering solution to their clientele across South and West India."