BEAMSTART Logo

Lightspeed and Sequoia bag $400-500 million profit from selling OYO shares

OYO's founder Agarwal aims to increase his stake in the company


Lightspeed and Sequoia bag $400-500 million profit from selling OYO shares | BEAMSTART News

- From our Sponsors -

Lightspeed Venture Partners and Sequoia Capital sold a portion of their shares in OYO back to its founder, Ritesh Agarwal — seeing $400-500 million profit collectively.

The Economic Times noted Lightspeed profited around $250 million from the sale, while Sequoia executives stacked about $150 million.

- Featured Sponsor -

In July, Agarwal announced his plan to raise his stake in the company from 10% to 30% by spending $2 billion into the company — at the moment Softbank holds the largest OYO share at 48%.

Agarwal founded the hotel startup OYO in 2013, which now holds dominance in India's hotel market and became the second-largest hotel chain in China — while aggressively expanding its hotel purchases across the US and Europe.

- From our Sponsors -

Latest Jobs

Digital Marketing Intern

Undrcut Digital Marketing

Singapore

Internship

SGD 1000 — SGD 1500 monthly

Influencer Marketing Associate

Niagahoster

Yogyakarta, Indonesia

Full Time

SGD 400 — SGD 1000 monthly

English Content Writer

Hostinger

Jakarta, Indonesia

Full Time

SGD 300 — SGD 600 monthly

Fund Accountant

Decacorn Capital

Singapore

Full Time

SGD 2500 — SGD 5000 monthly

Investment Analyst

Accial Capital

Singapore

Full Time

SGD 4000 — SGD 6000 monthly

Enterprise Solution Project Manager

Hukumonline.com

Jakarta, Indonesia

Full Time

SGD 2000 — SGD 2100 monthly

Operations Executive

Yojee

Singapore

Full Time

SGD 2800 — SGD 3500 monthly

Site Reliability Engineer

Livit

Singapore

Full Time

SGD 2000 — SGD 3500 monthly

Live Streaming Operator

SIRCLO

Tangerang, Indonesia

Full Time

SGD 800 — SGD 1100 monthly

Mobile Developer

Koltiva

Jakarta, Indonesia

Full Time

SGD 1000 — SGD 1100 monthly

BEAMSTART is a hub for everything Startups, Entrepreneurship, and Innovation. Connect with a global community of people, and stay updated with the latest news, events, and opportunities.

 

Download the Community App

Connect with the BEAMSTART Entrepreneurship Community from the palm of your hands. Connect with CEOs/Founders, Investors, Business Leaders, and Professionals. Download below to instantly form partnerships and discover opportunities:

PlayStore ButtonAppStore Button

© 2016 - 2021 BEAMSTART. All Rights Reserved (Legal).