Sky Gate buy gives us entry into cloud kitchens: Devyani

Devyani International, which recently acquired Sky Gate Hospitality, said on Friday that the move would help it tap into the high-growth cloud kitchen market in India, even as it plans to invest an additional ₹90 crore in the business on top of the acquisition cost of ₹519 crore.

- AKSHARA SRIVASTAVA

"We see good synergy with Sky Gate Hospitality as all three of its brands easily fit into all our food court locations. Since we work with third-party brands, we will start replacing those with these new brands in locations where we see more efficiencies coming in on a per square foot basis," Virag Joshi, chief executive office and whole-time director, at Devyani International, told analysts in an earnings