Lightspeed India, the venture capital firm invested in OYO Rooms in 2013 when it was a two hotel business. In 2019, when founder Ritesh Agarwal wanted to buyback equity, Lightspeed walked away with an estimated billion dollars made on an investment of just $28 million after selling half of its 13.4 percent stake in OYO Rooms. Now, this was the biggest cash out that the Indian startup ecosystem has seen so far.
With assets of over $300 million in India, Lightspeed has been creating a coveted space for itself and is now one of the top venture firms in India. It owns stakes in unicorns like BYJU'S, Udaan, OYO and continues to back startups that have the potential to create valuables businesses like ShareChat, Shuttl, LimeRoad, FreshMenu and many more.
CNBC-TV18's Shereen Bhan is in conversation with Bejul Somaia and Dev Khare, partners at Lightspeed India Partners to give us a sense of how 2019 has transpired to them and what is the outlook for 2020.