Hyderabad-based Red Sprout Foods which owns the Hello Curry brand, has acquired the online food ordering and delivery service Paratha Post, reports Techcircle. The acquisition was done in an all cash and stock deal, however further details were undisclosed. Red Sprout Foods, which operates the fast food chain, said it is looking to acquire further startups especially in Mumbai. Founded in 2013 by Rituraj Chaturmohta and Mukesh Lamba, Paratha Post is also based in Hyderabad, where it offers 55 varieties of parathas and curries. The platform claims to have sold around 3 lakh parathas last year and executed over 60,000 deliveries. As part of the deal, co-founder Lamba will join Hello Curry in a senior management post and will oversee the company’s expansion in Delhi NCR region, and report directly to Raju Bhupati, CEO of Hello Curry. Hello Curry was founded only early last year with two kitchens in Madhapur and Gachibowli in Hyderabad. The platform has expanded to five outlets in the city since, and plans to add three more outlets in the next few months. It offers various foods including curry pots, biryanis, parathas, rolls, desserts and beverages to customers in Hyderabad, through these outlets, and its website. Hello Curry had previously raised Rs 3 crore in seed funding from SRI Capital in March last year. The platform mentions its currently looking to raise a further Rs 50 crore in a Series A round of funding within the next 2-3 months. Competition: - Earlier this month, Zomato acquired the…
