Newsletter
KFC operator, Devyani International is looking to acquire Sky Gate Hospitality, the operator behind Biryani By Kilo (BBK).
Sky Gate operates 106 restaurants across 40+ cities, including around 65–70 cloud kitchens, and reported ₹300 crore in revenue for FY25.
Its flagship brand, BBK, has scaled to ~100 stores since launching in 2016, and clocked a 55% revenue CAGR (FY19–24). The company also runs brands like Goila Butter Chicken, The Bhojan, and Get-A-Way.
Devyani, which has a massive nationwide footprint, can take the brand to the next level.
