OYO

Lightspeed India Partners made partial exits of nearly USD 900 million last year from its two star portfolio firms, Oyo and Byju’s.

The total value of all known unicorns based in India is USD 73.2 billion, while the value of unicorns founded overseas by Indians sums up to USD 99.6  billion.

Singapore-based Aroa is Agarwal’s third investment vehicle through which he will back startups.

Oyo had put some of its employees on an unpaid temporary leave starting May 4 for four months.

In April this year, the company reportedly sent thousands of employees globally on leave for up to three months.

This is Oyo’s second round of layoffs in the US.

Indian hotel startup aims to shake up niche accommodation segment.

The company said the additional funds will help it achieve strategic objectives for 2020.