Biryani finds its place on the valuation menu with rising investor appetite

Acquisition plan shines a spotlight on soul food's growing market power

Biryani is set to get its own valuation. Devyani International, the largest franchisee of Kentucky Fried Chicken (KFC) quick-service restaurants (QSRs) in India, is considering the acquisition of Sky Gate Hospitality, which operates restaurants under the brand Biryani By Kilo (BBK), it said in a statement to BSE on Monday. 

BBK made up the bulk of Sky Gate’s annual sales of ₹300 crore for FY25, but the acquisition has put the spotlight on one of India’s favourite dishes — biryani. 

Considered by many across the country as ‘food for the soul’, it has created its own standalone segment within food