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Oyo Valuation Cut Rocks Investors

This year’s torrent of private-market valuation reductions continues.

More pain for the private markets.Japanese conglomerate Softbank Group cut its valuation of Oyo Hotels by more than 20 percent, from $3.4 billion to $2.7 billion, according to Bloomberg. Sequoia Capital India and Lightspeed Venture Partners were the most active investors, each previously participating in at least six financing rounds,

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