Ritesh Agarwal is a young entrepreneur and the founder and CEO of OYO Hotels & Homes. He is from Rayagada, Odisha. After 12th he joined the Indian School of Business & Finance, Delhi. At the age of sixteen, he was nominated among the brilliant minds to be selected for the Asian Science Camp that was held at TIFR (Tata Institute of Fundamental Research), Mumbai. At the age of seventeen, Ritesh wrote a book ‘The Encyclopedia of Indian Engineering Colleges’ which became a best seller.
In 2012, Ritesh Agarwal launched Oravel Stays to book budget accommodations. He travelled across India and stayed in over 100 guest houses, properties and hotels. During his 100 days of travel, he realized there are no affordable, beautiful, and good-quality hotels under the budget of everyone. After that experience, he converted Oravel to OYO in 2013. Today, Oyo is among the world’s leading chains of hotels, homes, and spaces.
Oyo Hotels & Homes is an Indian hotel chain that has become the largest hospitality chain of leased and franchised hotels, homes, and living spaces. Now they have expanded worldwide with thousands of hotels and vacation homes in numerous cities of India, Malaysia, Nepal, the UK, UAE, Sri Lanka, and many more.
The company also has investors like SoftBank Group, Greenoaks Capital, Sequoia India, Light speed India, Hero Enterprise, and Airbnb. Presently, OYO employs over 17,000 people worldwide and around 8000 are in India and South Asia. OYO has also established 26 training centres for hospitality enthusiasts across India. In 2019, the company generated revenue of USD 951 million.
Ritesh Agarwal Basic Information
|Alma Mater||Sacred Heart School in Rayagada, Orissa,|
Indian School of Business and Finance in Delhi
|Occupation||Founder of OYO Rooms|
|Net Worth||$500 million|
|Birthday||16th November 1993|
|Birth Place||Cuttack(Bhisam), Orissa|
Ritesh Agarwal Career Journey
|Oravel Stay||Ritesh Agarwal started his first venture in 2012|
|OYO Rooms||In 2013 he relaunched Oravel Stay as “OYO Rooms”.|