Early Oyo investors, including Lightspeed Venture Partners, are in talks with family offices to sell shares at a US$3.9 billion valuation.

Peak XV Partners, another early investor in Oyo recently sold part of its 3% stake, earning US$80–US$90 million, after earlier securing US$1.4 billion in 2019.

The current valuation reflects a 60% premium from Oyo’s 2024 funding round but is far below its US$9 billion peak in 2021.

Peak XV has exited with US$500 million from Oyo to date, with new stake sales involving high-net-worth individual capital.

Current discussions on additional stake sales involve two wealth management firms that raise capital from high-net-worth individuals (HNIs) to facilitate share purchases on their behalf.