OYO Rooms may acquire FreshMenu in a deal worth $30 million, says report
Updated : February 22, 2019 09:34 AM IST
According to the sources, the current deal will also involve payment of cash to buy out few shareholders of FreshMenu, the report said, adding that Zodius Capital which has invested about $17 million in the company in 2016 will likely be paid in cash if the deal transaction is finalised.
Lightspeed Venture Partners, also an investor in OYO Rooms and GrowthStory will be given shares of OYO, the report said. FreshMenu has managed to raise about $22 million from its investors.