Liquidity Events
KFC-operator Devyani Intnl to acquire controlling stake in Biryani By Kilo
Publicly-listed Devyani International is to acquire a majority stake in Gurugram-based food delivery startup Biryani By Kilo (Sky Gate Hospitality).Founded in 2015 by Vishal Jindal and Kaushik Roy, Biryani By Kilo sells biryanis, kebabs, kormas and desserts. The startup claims to have over 100 outlets across Bengaluru, Hyderabad, Kolkata and Delhi-NCR and offers deliveries across 45 cities. Its revenue has grown at a CAGR of 55% between FY19 and FY24, touching INR 300 crore.
Between June-19 and Nov-24, Biryani By Kilo had attracted about USD 58 M from IvyCap Ventures, Alpha Wave Global, Pulsar Capital, Artha India Ventures, DSP Family Office , Incred Capital, others.For FY24, Briyani By Kilo had reported about INR 268 Cr in Operating Income and about INR 74 Cr in Net Loss.
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