Devyani International Ltd. (DIL), a key player in India’s Quick Service Restaurant (QSR) industry, has acquired a controlling stake in Sky Gate Hospitality Private Limited, bringing its popular brands—Biryani By Kilo, Goila Butter Chicken, and The Bhojan—under its growing portfolio. This strategic acquisition reinforces DIL’s focus on strengthening its presence in the Indian cuisine segment and aligns with its broader “House of Brands” strategy.
Established in 2015 by Kaushik Roy and Vishal Jindal, Sky Gate Hospitality has carved a niche in the food delivery space with its innovative offerings, most notably the “Handi Biryani” concept. Its flagship brand, Biryani By Kilo (BBK), has emerged as a leader in the organized biryani market, delivering freshly dum-cooked biryanis in traditional handis. With over 100 stores across 40+ cities, Sky Gate has built a loyal following by catering to the evolving preferences of Indian food lovers.
With this acquisition, DIL’s brand portfolio now features 10 diverse food and beverage brands, including recent additions such as Tealive, Sanook Kitchen, and New York Fries. The inclusion of BBK, Goila Butter Chicken, and The Bhojan significantly enhances DIL’s portfolio with authentic Indian flavors and strengthens its leadership as one of India’s fastest-growing QSR chains.
Commenting on the development, Ravi Jaipuria, Non-Executive Chairman of DIL, said, “We are excited to welcome India’s favorite biryani and other beloved Indian food concepts to our portfolio. While our current offerings span various national and global cuisines, we saw a compelling opportunity to integrate more traditional Indian flavors. Sky Gate’s brands are known for their rich taste and high-quality preparations, which will add tremendous value to our customer experience.”
Founders of Sky Gate, Kaushik Roy and Vishal Jindal, added, “We’re thrilled to join hands with an industry leader like DIL. This partnership gives our brands the ideal platform to scale, while combining our culinary expertise with DIL’s operational strength to elevate the overall dining and delivery experience for customers nationwide.”