Ritesh Agarwal (OYO Owner) Biography – Date Of Birth, Age, Family, Education, Net-Worth, Career, Struggle, Story Of OYO, And Achievements
Who Is Ritesh Agarwal?
Ritesh Agarwal is an Indian Entrepreneur and Businessperson, who was born on 16 November 1993 in Raigarh, Odisha. He is the founder and chief executive officer (CEO) of OYO Rooms, a company associated with the online hotel business. Ritesh Agarwal started OYO Hotel in the year 2013, which is India’s largest hospitality and one of the largest hotel and room chains in the world.
Ritesh Agarwal Biography and Wiki
|16 November 1993
|Raigad, Odisha, India
|29 Years (2022)
|$1.1 billion (2022)
|As owner of OYO
|Start Of OYO
|As the owner of OYO
early life and education
The story of the owner of OYO began on 16 November 1993 when Ritesh Agarwal was born in Bisam Cuttack, Raigad, Odisha. He got his early education from Sacred Heart School. And Ritesh Agarwal came to Kota to complete his intermediate studies. And at the age of 16, he was selected for the Asian Science Camp at the Tata Institute of Fundamental Research.
Ritesh Agarwal was fond of becoming an entrepreneur since childhood, he did not even know the meaning of entrepreneur but later it was Ritesh Agarwal’s hard work and passion, which has made him so successful today.
Actually, it is about the time when Ritesh Agarwal used to attend different conferences in Delhi and Mumbai and according to his budget, he used to stay in hotels, but there was neither cleanliness nor accommodation in the hotels there. Amenities, if we talk about big hotels then there used to be expensive charges, in view of this, Ritesh Agarwal started OYO Rooms.
Ritesh Agarwal’s Struggle & Success Story
Agarwal started his first startup Oravel Stays in the year 2012 due to the luxury facilities and expensive charges in different hotels, which aimed to provide rooms at low prices.
Ritesh Agarwal’s already having knowledge in this field was very useful to him and he also got funding from many places for his startup.
This startup of Ritesh Agarwal was providing rooms at a low price, but their amenities were not being taken care of, due to which the startup was on the verge of closure due to the flaws of Oravel Stays, but Ritesh Agarwal did this. Keeping this in mind, this time I started my startup again with the name of OYO Room instead of Oravel Stays to arrange a hotel at a low cost and with amenities.
Now it was easy for people to get rooms with low cost and comfortable facilities. And because of this, Agarwal soon got success in his startup. With this, Ritesh Agarwal has earned the title of India’s youngest entrepreneur and billionaire by starting OYO.
OYO fonder Ritesh Agarwal success story
At the age of 19, Ritesh Agarwal started India’s largest hospitality OYO and today OYO Rooms’ business is spread across more than 74 countries. This includes countries such as Japan, China, Indonesia, Malaysia, Nepal, the United Kingdom, and the Philippines. It is the result of Agarwal’s passion and hard work that OYO Hotel & Rooms is one of the largest and top hotel chains in the world.
Awards and Honor
- (2013) First resident Asian to win the ’20 Under 20′ Thiel Fellowship
- (2013) Ranked among Top 50 Entrepreneurs by Tata First Dot Awards
- TIE-Loomis Entrepreneurial Excellence Award (2014)
- Finalist of the Global Student Entrepreneurship Awards – India
- world’s youngest CEO
- Hurun India Under 40 & Young Achievers List
- Business World Young Entrepreneur Award
Their total network is $1.1 billion.
in the year 2013
more than 74 countries
Note- We give the credit of this entire biography to Ritesh Agarwal because this entire biography is based on his life and taken from his life. Hope you have liked this article. Tell us by commenting how did you like this article?