Startup Street: Oyo enters the race for Café Coffee Day

Saddled with debt of nearly Rs 5,000 crore, the management at Cafe Coffee Day have been on a hunt for investors to sell assets and cut the debt. According to sources, the company has signed non-disclosure agreement (NDA) with nearly 30 players already who are keen to invest, and now, we have a new player in the fray. Hospitality chain Oyo has thrown its hat into the ring, according to sources.