SoftBank might push OYO’s early investors Sequoia Capital, Lightspeed India to exit to increase shareholding

Popular hotel and home chain OYO’s biggest backer SoftBank, which continues to be bullish on investing in it — one of the world’s largest hotel companies, might be seeking OYO’s top investors including Sequoia Capital and Lightspeed India Partners’ exit from the company to enhance its shareholding from current around 48 per cent, a source with knowledge of the matter told Financial Express Online.

“OYO’s capitalization table has seen a significant cleanup in recent years with most of the early investors having exited. The new move will likely complete the cleanup before SoftBank plans fresh infusions of capital to fuel OYO’s move to go global,” the source said.