Veritas Legal advised InCred Wealth and Investment Services in their acquisition of shares in Sky Gate Hospitality (Brand: Biryani By Kilo)
Veritas Legal acted for and advised InCred Wealth and Investment Services Private Limited in their acquisition of shares of Sky Gate Hospitality Private Limited (Brand: Biryani By Kilo). The Firm assisted in transaction documents and due diligence.
The date of completion of the transaction was 30th October 2023 and the total consideration was for INR 8.2 crores.
Biryani By Kilo (BBK) has raised $9 million in its Series C funding round. The funding was led by Alpha Wave Ventures, with participation from key investors such as Ivycap Ventures, Incred Wealth, Clear Bridge Ventures, Vevek Ventures, DSP HMK Holdings, and other individual backers.
Founded in 2015 by Kaushik Roy, Ritesh Sinha and Vishal Jindal, Biryani By Kilo works on a cloud kitchen model.
The Veritas Legal team comprised of Manav Raheja (Partner), Kapeesh Grover (Associate) and Swasti Patoria (Associate).