India's Oyo in talks to pick up stake in food delivery startup FreshMenu

India's Oyo in talks to pick up stake in food delivery startup FreshMenu

Ritesh Agarwal. Photographer: Samyukta Lakshmi/Bloomberg

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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