DSG Consumer Partners made a four-times return on its investment in corporate-backed Oyo, exiting as part of its recent $1bn round.
Consumer-focused investment firm DSG Consumer Partners has exited India-based, corporate-backed short-term accommodation platform Oyo, DealStreetAsia reported on Monday.
Oyo runs an online platform that connects to a network of branded hotels across India. It closed its latest funding round at $1bn last month having begun raising money for it in September 2018, and DSG confirmed it exited in December.
A DSG spokesperson told DealStreetAsia: “DSG Consumer had invested in Oyo back in 2014 and has successfully cashed out this…
