Oyo Rooms may join the food fight with FreshMenu stake2 min read . Updated: 22 Feb 2019, 01:11 AM IST
- Lightspeed Venture Partners, a common investor in Oyo and FreshMenu, plays key role in initiating deal talks
- Oyo is said to be building a food team, which will help FreshMenu expand to more cities under the brand name of Oyo
Bengaluru: Oyo Rooms (Oravel Stays Pvt. Ltd), India’s third most valuable startup, is in advanced talks to buy a significant stake in cloud-kitchen startup FreshMenu, according to two people directly familiar with the matter. If the negotiations are successful, Oyo will add the online food delivery business to its portfolio, complementing its budget hotels business.
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