Lightspeed, Sequoia sell 15% OYO shares for 20 times profit
Shortpedia
Content Team
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Lightspeed Venture Partners’ and Sequoia Capital India’s partial exit from OYO highly benefited them as they sold a 15% stake in OYO Hotels & Homes to founder Ritesh Agarwal for $1.5 billion. According to reports, Lightspeed, which put in $28 million in OYO, is making over 35X returns whereas Sequoia, which made $25 million, will garner over a 20X return on its investment. Both the VCs will continue to hold a 4-5% stake in OYO.
