Sequoia Capital India and Lightspeed India Partners have made a partial exit from India-based online hospitality platform Oyo through a $2 billion round comprising primary and secondary shares. The round brings the company’s valuation to around $10 billion.
Sequoia and Lightspeed said they sold an undisclosed number of shares to Ritesh Agarwal, Oyo’s founder and CEO, to help him increase his stake in the company. Both investors will retain significant stakes....
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