OYO May Enter Food Sector

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Indian hospitality major OYO has been going from strength-to-strength with its international forays, the latest one being Japan, and Saudi Arabia, which were announced last week.

According to reports, OYO is eyeing a completely new vertical — Food. It may acquire cloud-kitchen startup FreshMenu in a deal worth $50 million – $60 million (₹ 356 crore-₹ 427 crore). The news was then followed with an Entrackr report that OYO has already opened over 20 cloud kitchens in Gurugram and Bengaluru.

Upon checking these food delivery apps, cloud kitchens such as Adraq by OYO and O’Biriyani by OYO showed to be operational and serving food.

However, OYO has also launched an app called OYO Food. The app, available on Google Play Store and works as an intermediary for food and beverages vendors who want to deliver to the associated hotels of OYO.

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