Latest news with #SkyGate
Yahoo
5 days ago
- Business
- Yahoo
SkyGate Growth Strategies Launches Inaugural Webinar Featuring JDS Development CEO Michael Stern
Inside The Gate: How the Super Wealthy Built Generational Wealth and Technology Is Rewriting the Rules Miami, Florida, June 05, 2025 (GLOBE NEWSWIRE) -- Inside The Gate: How the Super Wealthy Built Generational Wealth and Technology Is Rewriting the Rules SkyGate Growth Strategies is proud to announce the launch of its SkyGate Webinar Series, kicking off on June 17, 2025, with an exclusive and timely conversation featuring Michael Stern, Founder and CEO of JDS Development Group—one of the most visionary and successful real estate developers in the United States. The inaugural webinar, titled 'Inside The Gate: How the Super Wealthy Built Generational Wealth and Technology Is Rewriting the Rules" will explore the rapidly growing movement to democratize access to elite investment opportunities, particularly in luxury real estate—an asset class historically dominated by institutional players. Michael Stern has spent his career building iconic, skyline-defining developments across the country. Backed by partnerships with global banks, sovereign wealth funds, and prominent billionaires, JDS Development has delivered a powerful track record of innovation and outsized returns. As the industry evolves, so does Stern's vision. He now sees a future in opening up access to qualified individual investors—allowing them to participate in deals once exclusive to Wall Street titans. Through a new partnership with SkyGate Growth Strategies, JDS is expanding access to its luxury real estate projects to a broader audience of qualified participants, aligning with emerging trends in investor inclusivity. In today's evolving economic climate, there is growing interest in sectors like real estate that offer tangible asset exposure and long-term development potential. This webinar will explore how the democratization of capital is changing the landscape—and why luxury real estate may be the next frontier. Webinar Details: Date: June 17, 2025 Time: 03:00 PM - 04:00PM EST Featured Guest: Michael Stern, Founder & CEO of JDS Development Topic: 'Inside The Gate: How the Super Wealthy Built Generational Wealth and Technology Is Rewriting the Rules" Register Now: Seats are limited. Accredited investors and forward-thinking professionals are encouraged to reserve their spot early. About JDS Development Group JDS Development Group is a real estate development, construction, and acquisition firm based in New York City and Miami, with a national footprint of iconic projects. Known for pushing the boundaries of architecture, design, and engineering, JDS has delivered some of the most prestigious residential and mixed-use developments in the country—including projects like 111 West 57th Street and Monad Terrace in Miami Beach. The firm is vertically integrated, allowing full control from concept through construction and operations, and has been a trusted partner to global institutions seeking long-term, value-driven returns in luxury real estate. More information: About SkyGate Growth Strategies Skygate Growth Strategies is a next-generation investment platform reshaping how accredited investors access private real estate deals. Designed to bridge the gap between high-performance, institutional-grade assets and a new generation of individual investors, Skygate uses modern technology and trusted partnerships to make it easier for people to learn about and engage with private real estate projects, starting at investment minimums of $25,000. Skygate's mission is to democratize capital, level the playing field, and bring the power of real estate investing to more people—without compromising on quality. Learn more: Forward-Looking Statements This press release may contain forward-looking statements describing future expectations, plans, results, or strategies. These statements are subject to risks and uncertainties that may cause actual outcomes to differ materially from those projected. Changes in product offerings, regulatory plans, and business strategies are potential factors influencing such differences. No investment advice. For informational purposes only. Media Contact: Lola Iparraguirre Skygate Growth Strategies LLC Phone number: 954-710-6630 Email: press@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
New Indian Express
24-04-2025
- Business
- New Indian Express
Devyani International acquires majority stake in Sky Gate Hospitality
NEW DELHI: Devyani International, which operates quick service restuarants (QSR) like KFC and Pizza Hut, has acquired an 80.72% stake in Sky Gate Hospitality, the parent company of Biryani by Kilo. The total value of the transaction is Rs 431.31 crore. Besides Biryani by Kilo, Goila Butter Chicken and The Bhojan are also part of the deal. Sky Gate Hospitality operates 100 outlets in 40 cities through its three brands. Its two other brands - Get-A-Way and Krazy Kebab Co - will get disinvested over the next nine months. Post the transaction, Sky Gate will become a subsidiary of the company. Devyani International has approved a preferential issue of 2.37 crore shares at Rs 176.78 each to acquire up to 80.72% equity stake in Sky Gate Hospitality. Devyani International operates popular international fast food and beverage brands like KFC, Pizza Hut, Costa Coffee and Vaango in India. It operates over 2030 stores in about 280 cities in India, Nepal, Thailand and Nigeria. Ravi Jaipuria, Non-executive Chairman of Devyani International said that while the company has many international brands under its portfolio, there has been a need to introduce the traditional flavour of Indian food to its menu. 'Sky Gate's command over flavors and technique of cooking biryani, has enabled them to deliver high-quality and delectable dishes, making them standout and leader in the industry,' Juipuria said in a statement. Founded in 2015 by Kaushik Roy and Vishal Jindal, Sky Gate has expanded its reach over 100 stores across 40+ cities. Kaushik Roy and Vishal Jindal, Founders of Sky Gate said 'We are delighted to partner with a seasoned industry leader. We are confident that our brands have found the right home for future growth and expansion of Sky Gate portfolio. Together, we aim to combine our knowledge and experience to enhance customer offerings and elevate the overall dining & delivery experience.'
Mint
24-04-2025
- Business
- Mint
KFC operator Devyani International to acquire majority 81% stake in ‘Biryani by Kilo' parent for ₹420 crore
Quick service restaurant chain operator Devyani International Ltd on Thursday said it will acquire up to 80.72 per cent stake in Sky Gate Hospitality, which operates brands including 'Biryani By Kilo', for ₹ 419.6 crore. The acquisition includes three brands of Sky Gate -- Biryani By Kilo, Goila Butter Chicken, and The Bhojan. The company's board in its meeting approved acquisition of up to 80.72 per cent equity stake for ₹ 419.6 crore, on fully diluted basis, in Sky Gate Hospitality Pvt Ltd along with its subsidiaries, Devyani International Ltd (DIL) said in a regulatory filing. In addition, the company will also pay contingent consideration as per the terms of the transaction documents, DIL said. DIL operates quick service restaurant chains such as KFC, Pizza Hut, and Costa Coffee through franchise agreements. Sky Gate along with its subsidiaries owns brands Biryani By Kilo, Goila Butter Chicken and The Bhojan. It predominantly operates through a chain of over 100 outlets including dine-in restaurants in more than 40 cities and is amongst the first ones to introduce the 'handi biryani' concept and deliver freshly prepared biryani, it added. Post the transaction, Sky Gate will become a subsidiary of the company, the filing added. "This strategic move aims to enhance DIL's presence in the Indian cuisine segment by integrating these well-established brands into its portfolio," the company said in a statement. Commenting on the acquisition, DIL Non- Executive Chairman, Ravi Jaipuria said,"While our portfolio boasts a diverse array of national and international brands, we identified a need to add traditional and authentic flavours of the much-loved Indian food to our portfolio." He further said,"Our partnership with Sky Gate addresses this, bringing their exceptional brands, Biryani By Kilo and Goila Butter Chicken, into our fold. Sky Gate's command over flavours and technique of cooking biryani, has enabled them to deliver high-quality and delectable dishes, making them standout and leader in the industry." Founded in 2015 by Kaushik Roy and Vishal Jindal, Sky Gate has emerged as a strong player in India's food delivery sector. "We are confident that our brands have found the right home for future growth and expansion of Sky Gate portfolio. Together, we aim to combine our knowledge and experience to enhance customer offerings and elevate the overall dining and delivery experience," Roy and Jindal said. With this acquisition, DIL said its brand portfolio now encompasses 10 diverse food and beverage brands, including recent additions like Tealive, Sanook Kitchen and New York Fries.
Mint
24-04-2025
- Business
- Mint
KFC operator Devyani International to acquire majority 81% stake in ‘Biryani by Kilo' parent for ₹420 crore
Quick service restaurant chain operator Devyani International Ltd on Thursday said it will acquire up to 80.72 per cent stake in Sky Gate Hospitality, which operates brands including 'Biryani By Kilo', for ₹ 419.6 crore. The acquisition includes three brands of Sky Gate -- Biryani By Kilo, Goila Butter Chicken, and The Bhojan. The company's board in its meeting approved acquisition of up to 80.72 per cent equity stake for ₹ 419.6 crore, on fully diluted basis, in Sky Gate Hospitality Pvt Ltd along with its subsidiaries, Devyani International Ltd (DIL) said in a regulatory filing. In addition, the company will also pay contingent consideration as per the terms of the transaction documents, DIL said. DIL operates quick service restaurant chains such as KFC, Pizza Hut, and Costa Coffee through franchise agreements. Sky Gate along with its subsidiaries owns brands Biryani By Kilo, Goila Butter Chicken and The Bhojan. It predominantly operates through a chain of over 100 outlets including dine-in restaurants in more than 40 cities and is amongst the first ones to introduce the 'handi biryani' concept and deliver freshly prepared biryani, it added. Post the transaction, Sky Gate will become a subsidiary of the company, the filing added. "This strategic move aims to enhance DIL's presence in the Indian cuisine segment by integrating these well-established brands into its portfolio," the company said in a statement. Commenting on the acquisition, DIL Non- Executive Chairman, Ravi Jaipuria said,"While our portfolio boasts a diverse array of national and international brands, we identified a need to add traditional and authentic flavours of the much-loved Indian food to our portfolio." He further said,"Our partnership with Sky Gate addresses this, bringing their exceptional brands, Biryani By Kilo and Goila Butter Chicken, into our fold. Sky Gate's command over flavours and technique of cooking biryani, has enabled them to deliver high-quality and delectable dishes, making them standout and leader in the industry." Founded in 2015 by Kaushik Roy and Vishal Jindal, Sky Gate has emerged as a strong player in India's food delivery sector. "We are confident that our brands have found the right home for future growth and expansion of Sky Gate portfolio. Together, we aim to combine our knowledge and experience to enhance customer offerings and elevate the overall dining and delivery experience," Roy and Jindal said. With this acquisition, DIL said its brand portfolio now encompasses 10 diverse food and beverage brands, including recent additions like Tealive, Sanook Kitchen and New York Fries. "The acquisition of Biryani By Kilo, Goila Butter Chicken and The Bhojan, strengthens DIL's leadership position as one of the fastest-growing QSR chains in India," the company said. First Published: 24 Apr 2025, 08:38 PM IST
Business Standard
24-04-2025
- Business
- Business Standard
Devyani International acquires Sky Gate along with three brands
Devyani International has announced the acquisition of controlling stake in Sky Gate Hospitality (Sky Gate') along with its three brands i.e. Biryani By Kilo', Goila Butter Chicken', and The Bhojan'. This strategic move aims to enhance DIL's presence in the Indian cuisine segment by integrating these well-established brands into its portfolio. Founded in 2015 by Kaushik Roy and Vishal Jindal, Sky Gate has emerged as a strong player in India's food delivery sector. Sky Gate is amongst the first ones to introduce the Handi Biryani' concept and deliver freshly prepared biryani. Its flagship brand, Biryani By Kilo (BBK), is one of the leaders in the organized biryani market, offering authentic, dum-cooked biryanis prepared to order and delivered in traditional handis. Under the leadership of Roy and Jindal, Sky Gate has expanded its reach over 100 stores across 40+ cities, catering to the diverse culinary preferences of Indian consumers. This strategic move aligns with DIL's vision to diversify its offerings and deepen its strategy with respect to House of Brands. With this acquisition, DIL's brand portfolio now encompasses 10 strong and diverse food and beverage brands. This includes recent additions like Tealive, Sanook Kitchen and New York Fries. The acquisition of Biryani By Kilo, Goila Butter Chicken and The Bhojan, strengthens DIL's leadership position as one of the fastest-growing QSR chains in India.
