He is the founder and CEO of OYO Rooms, a network of budget hotels and accommodation options. Ritesh Agarwal. From my perspective, as an entrepreneur, one is wired to take risks. The company invests in capex, hires GMs to oversee operations and customer experience as well as generating around a million job opportunities in India and South Asia alone. Full credits for Godzilla: King of the Monsters (2019). However, they always supported Ritesh to become what he is today. Oyo, founded by 26-year-old Ritesh Agarwal, has drawn particular attention in SoftBank’s portfolio of startups because of its similarities to WeWork. Ritesh Agarwal: All of us in the hospitality industry are trying to ensure that we can react to uncertainty such as this to ensure that our customers have ease. With this investment, Söderström will also join the board of OYO. Speaking of Ritesh family background, he comes from a middle-class Marwari family who resides in the state of Orissa. PLOS is committed to disseminating research as quickly as possible, particularly in public health emergencies. They have always trusted him with every decision that he makes.  He graduated from St. Johns Senior Secondary School and moved to Delhi in 2011 for college. He has been constantly working with team of doctors where he can learn, exceed and impart the same knowledge to the coming generation. It further Introduced upgraded Co-OYO app for hotel partners to provide complete visibility on all business & customer metrics. Home Startup Hospitality industry is in hardest emergency, will bounce back by innovation: Ritesh Agarwal Hospitality industry is in hardest emergency, will bounce back by innovation: Ritesh Agarwal by - Dailymint on - December 18, 2020. You, of course, need to be smart and take calculated risks, and then do all you can to make it worth the risk, says Ritesh Agarwal.  The company was launched as OYO Rooms in May 2013. OYO has also set up 26 training institutes for hospitality enthusiasts across India. Enroll Now! "OYO has $1 billion to fund operations until IPO, says CEO Ritesh Agarwal", Sharing of customer data with the government, "With 8.5 lakh rooms, Oyo claims third spot globally", "How OYO became India's 3rd best company to work for in just 6 years", "OYO claims to be second-largest hotel group in China", "OYO Rooms Goes International; Launches in Malaysia", "OYO expands international presence with hotel launch in Nepal", "OYO and SoftBank form JV to launch hotels business in Japan", "OYO expands international presence entering Sri Lanka", "Hotel Unicorn Oyo Plots $300 Million Push into the U.S. Market", "At 21, He's the Mind Behind Multi-Million Dollar Start-Up OYO", "How OYO's Ritesh Agarwal transformed the business of budget accommodation", "HOW OYO ATTAINS HUGE HEIGHT IN THE MARKET AFTER USING AWS SERVICES", "Oravel founder Ritesh Agarwal wins Thiel Fellowship", "Ritesh Agarwal: Interview with founder of Peter Thiel-backed Oyo". After undertaking months of research and staying in various bed and breakfast homes, guest houses, and small hotels across India, he renamed Oravel to OYO in 2013. The Ritesh Agarwal-led OYO raised ₹54 crore or $7.4 million from Hindustan Media Ventures in a Series F round of funding. Three Months later it developed to 100 bed and breakfast homes, guest houses, and small hotels.Shortly after launching Oravel stays, Ritesh Agarwal received a grant of $100,000 as part of the Theil Fellowship from Peter Theil. , Ritesh Agarwal was born in Bissam Cuttack town of Odisha state, India and brought up in Titilagarh. Email. In April 2019, OYO announced a strategic global distribution partnership with bedbank Hotelbeds. Ritesh Agarwal – Journey of a small-town boy to a multi-millionaire Ritesh Agarwal Ritesh Agarwal Story: Ritesh Agrawal, the CEO of Oyo rooms, hailed from a small town in Bissam in Cuttack, Orissa.  He graduated from St. Johns Senior Secondary School and moved to Delhi in 2011 for college. In an Airbnb world, the rise of Oyo Hotels & Homes likely was inevitable. See more of Ritesh Agarwal on … "OYO to add over 3,000 employees in India", "OYO plans mass recruitment in India to boast of 12k staff by year-end", "OYO announces Rs 1,400 crore investments, launches new property 'Collection O' targeting millennials", "Have created over 1 lakh direct and indirect jobs in India: OYO", "OYO opens Gurgaon campus, plans to launch a skill training center", "India's Oyo valued at $10B after founder purchases $2B in shares", "India's budget hotel startup OYO raises $1B for international growth", "China's Didi Chuxing invests $100 million in Oyo", "Oyo gets $100 million from China's ride-hailing giant Didi Chuxing", "Ritesh Agarwal to invest $700M in Oyo's new $1.5B financing round", "Ritesh Agarwal's Cayman based firm to bring funds to Oyo", "Ritesh Agarwal sets up RA Hospitality in Cayman Islands to drive Oyo funding", "Ritesh Agarwal to deploy $2 billion in his hotel startup OYO to boost stake", "OYO has seen 4.4 times y-o-y growth in revenue in June 2019, says founder and group CEO Ritesh Agarwal", "OYO acquires Chennai's Novascotia Boutique Homes", "Oyo acquires Chennai-based Novascotia Boutique Homes to expand corporate offering", "OYO acquires wedding marketplace Weddingz", "Hotelbeds & Oyo Hotels & Homes announce strategic distribution partnership", "Airbnb confirms stake in India's OYO, sources say it invested $150M-$200M", "India's budget hotel startup Oyo enters co-working business with $30 million Innov8 acquisition", "Oyo buys Las Vegas Hooters Hotel in its first US purchase", "India's Oyo Rolls Dice With Purchase of Las Vegas Hooters Hotel", "Budget hotel chain OYO launches OYO Townhouse", "In trying to be the Indian Airbnb, OYO may be turning too cumbersome", "Unlocking Homes for Great Holiday Experiences", "Airbnb-backed OYO moves into Europe, buys Leisure Group from Axel Springer for $415M", "OYO to acquire Amsterdam based vacation rental company @Leisure Group", "Oyo to invest $335M in vacation rental business in Europe push", "OYO to scale up its SilverKey hotels portfolio to 19 cities across India", "OYO plans big focus on serviced apartments for corporate clients", "India's Oyo launches Capital O hotels in the UAE", "Oyo forays into leisure segment with Palette Resorts", "OYO forays into upper-end leisure resorts category; launches Palette Resorts", "OYO woos biz travellers with Collection O; ups investment", "OYO's Collection O Hotels reaches milestone 175 buildings in 3 months", "Why OYO Life is betting big on the co-living market in India", "Oyo looks to enter student housing and co-working, to expand co-living segments", "OYO launches OPEN programme for asset owners", "Oyo Rooms wants to share digital record of your check-ins with government", "Oyorooms with new concept of data sharing with government authorities", "Budget hotels teaming up to take legal route against Oyo", "All's fair in talent war: Oyo targets staff at rivals", "Shocking! OYO will invest specifically in data sciences and AI-driven, forward-looking intellectual property investments and merger and acquisitions to help grow the business, Founder Ritesh Agarwal … Corporate.  It was accepted into the accelerator program by Venture Nursery in September 2012, and later was one of the winners of the 2013 Thiel Fellowship program, receiving a grant of $100,000. Ritesh Agarwal House and Cars .  The company also announced two joint-venture with Softbank and Yahoo!Japan. OYO Hotels & Homes is a full-fledged hotel chain that leases and franchises assets. In 2013, he turned Oravel to OYO with key proposition of offering affordable and standardized accommodation. of OYO ... perhaps the world's fastest growing hospitality brand from India, offering "tasteful spaces, whenever you need them, at unbeatable prices. In March 2018, OYO acquired Chennai-based service apartment operator Novascotia Boutique Homes marking its first major buyout as well as establishing its presence in the service apartment and corporate executive stay. Both have charismatic young founders.  His net worth in 2020 was estimated to be approximately $1.1 billion (INR 7253 crore) according to Hurun Rich List 2020. Posts. The company, founded six years ago at age 19 by Indian entrepreneur Ritesh Agarwal, originated as a “virtual” hospitality brand with aggregated economy hotels and guesthouses across India that could be … All of 21, Ritesh Agarwal could be the youngest millionaire from India’s booming startup community. He also bagged the business world young entrepreneur award in 2015. , Founder & CEO, Ritesh Agarwal, through RA Hospitality Holdings (Cayman) in 2019 signed a $2 billion primary and secondary management investment round, supported by global institutional banks and his financial partners, subject to regulatory and shareholder approvals. Share with your friends. The mastermind behind the idea of OYO which means “On Your Own” is Ritesh Agarwal, who has grown as one of the most successful entrepreneurs in his 20s. Ritesh Agarwal was a tech freak and had a passion to travel around the world. Curious as to what the young entrepreneur was carting around, Somaia asked him about it and was amazed to hear the answer. Founded in 2013 by Ritesh Agarwal, OYO initially consisted mainly of budget hotels. We look forward to hearing from you! at ₹1,299 ₹499, you get:. Now, skeptics say Oyo could also fall short, further undermining Son’s grand ideas about technology investing. Ritesh Agarwal is a self-made man and is a well known successful entrepreneur. See more of Ritesh Agarwal on Facebook. , In October 2020, a 19 year old student was gang raped in an Oyo hotel room. Photos. His date of birth is 16th November and he was born in 1993 which makes his age to be 21 years. Ritesh Agarwal, founder and chief executive officer of Oyo Hotels, told employees the Indian startup is making progress in recovering … He dropped out of college, and was selected for the Thiel Fellowship in 2013.. Career. For Agarwal, who left home in Odisha as a teenager to seek his fortune, carrying all his … Ritesh Agarwal was born and brought up in Bisam in Cuttack, Orissa. In 2018, the company acquired Weddingz.in, a Mumbai-based online marketplace for wedding venues and vendors marking its entry into the fragmented $40 billion wedding industry.. Agarwal started a budget accommodation … Prior to Ritesh becoming a multi-millionaire, they did not have a good financial condition. , OYO has been accused of using predatory pricing and not following its own agreements including threatening hotels to unilaterally change some of the clauses or not be paid. 462011. Oyo Rooms, also known as Oyo Hotels & Homes, is an Indian vacation rental online marketplace company. The man made a revelation in the way people used to look at the online hotel bookings. If you are interested in knowing about his personal life, … OYO Rooms manager arrested for raping woman in Gurgaon hotel", "Man raped and threatened to kill woman at Oyo Hotel", "19YO student gang-raped in OYO hotel at Kukatpally, three arrested", "Four arrested for rape of Delhi woman at a hotel in Hyderabad", "OYO has $1 billion to fund operations until IPO, says CEO Ritesh Agarwal", https://en.wikipedia.org/w/index.php?title=Oyo_Rooms&oldid=999346937, Short description is different from Wikidata, All Wikipedia articles written in Indian English, Articles with unsourced statements from April 2020, Creative Commons Attribution-ShareAlike License, This page was last edited on 9 January 2021, at 18:45. Accessibility Help. He did his schooling from his state. "The rise (and fall?)  Agarwal is also a recipient of the Business World Young Entrepreneur Award. During the earlier night curfews, we saw that customers were feeling more uncertain about the travel. Ritesh Agarwal: The face behind India’s biggest hotel chain. OYO in March 2019, announced a 1400 cr investment in its India and South Asia businesses over 2019 as a part of its efforts to increase infrastructure, strengthen technology and internal capability. , In 2019, a 26 year old woman was raped in an Oyo hotel room. , In 2018, the company sent mass unsolicited job offer emails targeting senior- and mid-level employees of competitors. He accused Ritesh and his representatives of cheating him of more than Rs. Over 900 workers have been infected with COVID-19 across various Target, Costco, Home Depot and Amazon stores and warehouses in Los Angeles County. They had apprehensions about getting to their accommodation at night in case they entered new state … Early years. The company has also raised significant funding rounds including $1 billion led by Softbank in 2018. , In August 2017, a 20 year old was raped in Oyo City hotel located at Banjara Hills. The Whitefield Police booked Ritesh and his representatives under … Community. , The company is currently valued at $10 billion as per the last round of funding. OYO Rooms, OYO Hotels & Homes has a multi-brand approach. In 2018, a 22 year old woman was raped by the OYO rooms demand manager. The man that changed the landscape of the hotel industry-Ritesh Agarwal and his brand OYO are growing with every passing day. Auf LinkedIn können Sie sich das vollständige Profil ansehen und mehr über die Kontakte von Tuba Eruslu und … Das Profil von Tuba Eruslu enthält Angaben zur Ausbildung. Ritesh Agarwal is the founder and CEO of OYO Hotels & Homes. 1 Logos 2 Closing 3 Crawl Art 3.1 CAST 3.2 SECOND UNIT 3.3 MEXICO UNIT 3.4 LEGENDARY ENTERTAINMENT 3.5 SONGS 3.6 The Producers Wish to Thank 4 Closing Logos GODZILLA: KING OF THE MONSTERS Directed by MICHAEL DOUGHERTY Screenplay by MICHAEL DOUGHERTY & ZACH SHIELDS Story by MAX … Phone. Sehen Sie sich das Profil von Tuba Eruslu im größten Business-Netzwerk der Welt an. November 12, 2020. The startup expanded globally with thousands of hotels, vacation homes and millions of rooms in India, Malaysia, UAE, Nepal, China, Brazil, Mexico, UK, Philippines, Japan, Saudi Arabia, Sri Lanka, Indonesia, Vietnam, the United States and more.. Press alt + / to open this menu. Ritesh continuously ranked in the list of top ten Indian entrepreneurs in numerous times. He is the first Indian resident to win the Thiel Fellowship. In 2012, Ritesh Agarwal launched Oravel Stays to enable listing and booking of budget accommodations. He has also driven focused Learning & Development Strategies for Sales to achieve consistent business results across geographies.  Founded in 2013 by Ritesh Agarwal, OYO initially consisted mainly of budget hotels. Home; About Us; Blog; Demo Lectures; Contact Us; Gallery; Vedic Maths; Get in touch and we'll get back to you as soon as we can. Exclusive Video Lectures on Entrepreneurship 101; Certificate of Completion signed by Ritesh Agarwal These include: In April 2019, the company announced the launch of OPEN programme, an initiative for its partner hotels to help them reach their business goals. MUMBAI: When Ritesh Agarwal walked into a meeting with venture investor Bejul Somaia last year, his rucksack attracted immediate attention.  He dropped out of college, and was selected for the Thiel Fellowship in 2013. , In 2019, OYO rooms plans to implement a digital register mechanism which will allow it to share customer data in real time with the government. Ritesh Agarwal, Founder and CEO, OYO: Despite the fact that the hospitality industry is in perhaps the hardest emergency, it is certain that it will … Details about Ritesh Agarwal house is not known except that he has a family home in Rayagada in Cuttack, Orissa. The startup expanded globally with thousands of hotels, vacation homes and millions of rooms in India, Malaysia, UAE, Nepal, China, Brazil, Mexico, UK, Philippines, Japan, Saudi Arabia, Sri … It is quite commendable for an eighteen-year-old to start a business oh his own, and make it worth millions over a span of six years. Lightspeed Venture Partners, and Sequoia India, OYO's early supporters, are selling part of their holdings in order to help the founder increase his stake and thereby commitment while remaining invested significantly in the company's long-term mission. Ritesh Agarwal, founder and CEO of OYO Rooms, has become a significant figure in the entrepreneurial world, after his gargantuan success. Recently, it received funding of Rs 630 crore from the SoftBank Group. , In 2019, OYO registered a revenue of USD 951 million, a 4.5 times increase on a year on year basis, as compared to USD 211 million. Create New Account. , Oyo has been involved in numerous rape scandals. At his young age of 17, Ritesh Agarwal came up with launching … At the age of 13, he started selling SIM cards. The World's Youngest Billionaire About A Career In Entrepreneurship. The company's investors include SoftBank Group, Didi Chuxing, Greenoaks Capital, Sequoia India, Lightspeed India, Hero Enterprise, Airbnb and China Lodging Group. This has been described as a threat to privacy.  At the age of 13, he started selling SIM cards. Story. Log In. BIZ WRAP. He was born in a middle-class household on Nov 16th, 1993. His family is from a business background. Ritesh Agarwal Classes. Enjoy the best Ritesh Agarwal Quotes Page 2 at BrainyQuote. , In May 2019, OYO announced the acquisition of Amsterdam-based @Leisure Group, Europe's largest vacation rental company. In The Big Chair - Ritesh Agarwal of OYO Rooms Ritesh Agarwal, Founder and group CEO OYO launched in 2013 in India but has rapidly expanded to the U.K., China and most recently to mainland Europe through the acquisition of @Leisure. And … However, … Email or Phone : Password: Forgot account? Do you like to find about Top Level of Executives and Decision makers of companies like OYO. The test of a true talent is the kind of people he is surrounded and in that case Dr. Ritesh kumar Agrawala has proven his worth. Ritesh Agarwal was born in Bissam Cuttack town of Odisha state, India and brought up in Titilagarh. , In September 2018, OYO raised $1 billion, of which the RoC filing for the amount of $100 million raised from Star Virtue Investment Ltd. was made on 13 February 2019.  In July 2019 it was reported that Agarwal purchased $2 billion in shares in the company, tripling his stake. Fast food Address. During his travels, the issue with budget hotels was discovered. 9.2K likes. , In March 2016, OYO acquired the team of Qlik Pass, founded by Rahul Gupta & Rishi Swami to setup and lead its Data Science Department.. Jump to. Ritesh Agarwal cars info is not publicly known as well but it is likely that he does not own a car since he has posted multiple times on Twitter to Uber and Ola about problems with their rides so it is assumed that he avails cabs. , In Feb 2019, Oyo got $100 million from a Chinese company (DIDI CHUXING) , In October 2019 – Series F funding of $1.5 billion led by SoftBank Group, Lightspeed Venture Partners and Sequoia India. , By September 2018, the company raised $1 billion. He entered into an agreement with Ritesh Agarwal in June 2017, where Oyo would give them reservations and take 20% of the share and give him 80%, but Agarwal and his representatives had taken 80% of the share instead of 20%. or. Ritesh also wrote a book which was sold hugely on Flipkart. , In August 2019, Oyo made its first major investment in the United States by purchasing the Hooters Casino Hotel, near the Las Vegas Strip, in partnership with US-based real estate company Highgate, for $135 million.. email@example.com. Shortly after launching Oravel Stays, Ritesh Agarwal received a grant of $100,000 as part of the Thiel Fellowship from Peter Thiel. He believed that everyone deserves a beautifully designed, chic and comfortable living space. 7000588028. All articles published in any PLOS journal are Open Access free of charge to all readers. 1 Crore. Sections of this page. , In July 2019, OYO announced the acquisition of Innov8. Both are trying to change traditional real estate businesses with technology. Learn from. In 2019, OYO and Airbnb announced a strategic partnership with Airbnb investing in OYO and the company will list their properties on Airbnb platform. Home.  OYO currently has over 17,000 employees globally, of which approximately 8000 are in India and South Asia. Travelling across India at the age of 17, Ritesh stayed in more than 100 bed and breakfasts, guest houses, and hotels to realize there was a massive dearth of affordable and good-quality hotels in the budget hotel category. He became the world's second youngest billionaire in 2020. This Collection of articles highlights all content published across the PLOS journals relating to the COVID-19 pandemic in 2019-20. Quotations by Ritesh Agarwal, Indian Businessman, Born November 16, 1993. Our focus is to make an IPO-ready company, says OYO chief Ritesh Agarwal Oyo Hotels is slashing footprint and headcount in virus-hit Japan Hospitality firm OYO has already invested around Euro 350 to 400 million in Europe and will be making further investments there in the times to come, its founder and Group CEO Ritesh Agarwal said on Thursday. Dr. Ritesh kumar Agrawala has achieve the same he makes sure that he is the one to take the first step towards this goal. Check the professional list by Designation, Email Id, Mobile and Social Profile and more. , 68. We will … , "Oyo founder, Ritesh Agarwal, named the youngest Indian billionaire by Hurun", "Oyo's Ritesh Agarwal is the world's second youngest self-made billionaire", "This 26-yr-old Indian just became world's 2nd youngest self-made billionaire", "Here are 6 interesting facts you didn't know about OYO founder Ritesh Agarwal", "21-Yr-Old Start-Up Entrepreneur Ritesh Agarwal Started By Selling SIM Cards In Rayagada", "His ₹30 lakh stake in Oyo would have been thousands of crores today but...", "For OYO's Ritesh Agarwal, there is more room for growth", "OYO raises $1 billion fund: How 24-year-old Ritesh Agarwal turned his idea into India's second most valuable start-up", "SIM card seller, college dropout, millionaire at 22: Boy from Naxal area scripts incredible story", "Too many entrepreneurs give up, says Oyo CEO Ritesh Agarwal", "Peter Thiel's advice helped this 25-year-old build one of India's most valuable start-ups", "Ritesh Agarwal, a young Indian entrepreneur selected for 'Thiel Fellowship, "If you meet a 17- or 18-year-old entrepreneur, just invest in their firm", "Ritesh Agarwal's Cayman based firm to bring funds to Oyo", "Meet OYO Rooms' Ritesh Agarwal: The dropout who dined with Peter Thiel", "Oravel founder Ritesh Agarwal wins Thiel Fellowship", "Ritesh Agarwal's OYO, SoftBank set up investment vehicle, seek CCI approval for increasing stake in Oravel Stays", "OYO manages more rooms in China than in India", "This is how 24 year-old Ritesh Agarwal built OYO Rooms a $5 billion hotel chain in just five years", "How 24-year-old Ritesh Agarwal built Oyo into a $5 billion startup in just 5 years", "Oyo founder Ritesh Agarwal to triple his stake with $2 bn share buyback", "India's Oyo valued at $10B after founder purchases $2B in shares", "OYO founder Ritesh Agarwal to buy back shares from early investors for USD 2 bn - Times of India", https://en.wikipedia.org/w/index.php?title=Ritesh_Agarwal&oldid=995529094, Pages with non-numeric formatnum arguments, Creative Commons Attribution-ShareAlike License, This page was last edited on 21 December 2020, at 15:11. Home. Ritesh Agarwal is an Indian entrepreneur and the founder and CEO of Oyo Rooms. Inderpaul Singh Sehgal, Sahajal Dhooria, Hansraj Choudhary, Ashutosh Nath Aggarwal, Mandeep Garg, Arunaloke Chakrabarti, Ritesh Agarwal Parasitology Performance of Antigen Concentration Thresholds for Attributing Fever to Malaria among Outpatients in Angola Home; About Us; Blog; Demo Lectures; … The name of the book was ‘Indian engineer… US President Donald Trump praised Ritesh Agarwal for his work and said OYO Rooms is … As of February 2020, he is the second youngest self-made billionaire in the world. Official fan page of the founder and CEO of OYO Rooms. About. Ritesh has been working very closely with Business Leaders, especially sales to define the Strategic HR Agenda in various markets. Oyo's Ritesh Agarwal shares this title with Kylie Jenner. Ritesh Agarwal Classes, R-26, Zone-2, M. P. Nagar, Bhopal (M.P.) , Agarwal started a budget accommodation portal, Oravel Stays, for booking budget hotels. Facebook. He entered the Forbes list of 30 under 30 in the consumer tech sector. Ritesh Agarwal family is a middle-class Marwari family who resides in the state of Orissa. Oyo Rooms (stylised as OYO), also known as Oyo Hotels & Homes, is an Indian vacation rental online marketplace company. , OYO partners with hotels to give similar guest experience across cities.
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