Sapphire Foods and Devyani International have announced a major merger valued at $934 million, bringing together two of India’s largest food service groups. The move aims to accelerate growth, expand market reach, and strengthen leadership across India and neighbouring regions.
The merger will combine strong brand portfolios across quick service restaurants (QSR), coffee chains, and casual dining. By streamlining leadership and integrating operations, the companies plan to optimise resources, improve efficiency, and enhance competitiveness in a fast-evolving food service market.
The combined entity is expected to benefit from a wider geographic footprint, shared expertise in operations and marketing, and a more diversified revenue base. This scale will also improve bargaining power with suppliers and help the group expand into new territories.
Executives say the merger will boost innovation, improve customer experience, and strengthen digital initiatives such as delivery partnerships, loyalty programmes, and technology-driven engagement. Industry experts see the deal as part of a larger consolidation trend, positioning the merged company as a stronger long-term player in India’s growing eating-out economy.
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