Devyani International to acquire majority stake in 'Biryani by Kilo'

Devyani International, a major franchisee for global food chains like KFC and Pizza Hut in India, is reportedly in discussions to acquire a majority stake in Biryani By Kilo (BBK), a popular and rapidly growing biryani-focused restaurant chain. This potential acquisition represents a strategic move by Devyani International to diversify its food portfolio beyond its existing Western-style fast-food offerings and tap into the significant and growing demand for regional Indian cuisine, particularly biryani. BBK's established brand presence and delivery network, combined with Devyani's operational scale and financial muscle, could create a powerful synergy in the Indian food and beverage market.