Oyo rooms owner, Ritesh Agarwal has outshined the generation of millennial. In 2013 he was named among the top 50 entrepreneurs by TATA first dot awards. In the same year, he was named as one of the 8 hottest teenage startup founders in the world by Business Insider. His parents wanted him to excel in studies but he had an aptitude which was better than the regular textbooks required. Ritesh Agarwal-led OYO has raised ₹54 crore or $7.4 million from Hindustan Media Ventures in a series F round of funding.During the COVID-19 pandemic, Agarwal ... Bitcoin owner whose story … The OYO Hotels said that they will file a counter complaint against the Bengaluru hotel owner for . Four years later, Ritesh is the founder of Oyo Rooms. The story of Oravel: His first startup. These cookies will be stored in your browser only with your consent. After leaving college, Ritesh has worked hard to open his own company. But opting out of some of these cookies may have an effect on your browsing experience. Ritesh Agarwal, Founder Of Oyo RoomsRitesh Agarwal, CEO and founder of OYO Rooms, is probably the biggest sensation in the world hotel industry at 25 years of age by promoting the largest chain in India, thanks to his idea of ​​creating a hotel startup for ‘low cost’ establishments that , due to their poor conditions, they are about to close, and with which it aspires in 2023 to become the largest chain in the world.How a simple development can change our life, 21-year-old Ritesh Agarwal is the biggest proof of this. Ritesh Agarwal biography provides immense information of how he did he, by just being 25, became super successful. We also use third-party cookies that help us analyze and understand how you use this website. The complainant, a Bengaluru hotelier, had alleged that Oyo had booked rooms but failed to pay any rent for the past five months duping him of Rs 35 lakh. This is the story of how the most promising toy company in Massachusetts went bankrupt, got … Within some time, he managed to get funding of rupees 30 lakhs from Venture Nursery, which actually brought together a group of story backed investors to boost startups. Necessary cookies are absolutely essential for the website to function properly. He had founded the company when he wasn’t even 20. I spend my childhood in a small town called a tier district, this is the place where I was born it was called Bassam Kotik The biggest example is his company OYO Rooms.OYO Rooms is an application through which hotel booking can be done. These cookies do not store any personal information. It is mandatory to procure user consent prior to running these cookies on your website. OYO Rooms Founder, CEO Ritesh Agarwal Biography, Story, Net Worth, Marriage Ritesh Agarwal is a young Indian entrepreneur and founder of OYO Rooms, an organization that offers budget rooms for the travelers, young couples, and family members who was on a trip and looking for rooms. Founder & CEO of OYO Rooms-India's fastest growing network of Branded hotels offline and online. The young entrepreneur’s birthday falls on 16th November. The knowledge that our generous host did not have to lose a limb to afford the rooms let us enjoy the wedding guilt-free. Where proper arrangements were found, there was no card payment facility. He was actually doing the groundwork that helped him set up his own business. Ritesh Agarwal was selected for the ’20 Under 20′ of Thiel Fellowship in 2013. An idea struck him about meeting the very basic needs of budget travelers. Check out Ritesh Agarwal Biography exclusively on Startup Stories. This category only includes cookies that ensures basic functionalities and security features of the website. One would have read the … He left the preparation of IIT and started preparing for his business. His story is true among the best inspiring stories of Indian entrepreneurs. But it was his desire to complete his vision that provoked him to take a step forward. Oyo claims to be the biggest chain of hotels in the world. Travelling excited the young entrepreneur and at the age of 19, he travelled for months and stayed for some time at budget hotels, even attended customer calls every day just to get the experience about the customers who visited the hotels and their expectations. OYO rooms has been one of the most successful start-ups in India being the country’s largest budget hotel chain. Oyo, on Tuesday, said it's raising $1 billion from SoftBank Vision Fund, Sequoia Capital and other investors to fund expansion in countries including China, where Oyo opened in November But Ritesh did not give up. He did his schooling from his native state. His keen interest in software and his hunger went on increasing and to quench his thirst he also borrowed programming books from his elder brother. Agarwal is also a recipient of the Business World Young Entrepreneur Award. He had a connection with computers and liked screwing around with them, finding opportunities to make mistakes so that he could learn new stuff. Apart from some basic languages like Pascal which was taught him during the school days, he managed to learn other basic programming languages from Google itself. https://www.yosuccess.com/success-stories/ritesh-agarwal-oyo-rooms He became the world's second youngest billionaire in 2020. The Hooters Hotel purchase isn't normally … In 2013, he was nominated for ‘Thiel Fellowship,’ a 2-year program initiated by PayPal founder Peter Theil. ... Story. Ritesh Agarwal is an Indian famous and successful young Indian entrepreneurs.Moreover, he is the co-founder and the CEO of OYO Rooms, which is one of the high valued startups in India.Currently, the OYO Rooms are used in most of the countries in the world all the credit goes to Ritesh Agarwal and his team. Success Story Of OYO Rooms CEO Ritesh Agarwal The teenage boy – Ritesh Agarwal is the young Founder & CEO of OYO Rooms – fastest growing Branded network of hotels offline & online. Know 5 Facts About VPS Server In India. Hospitality firm OYO Hotels & Homes on Thursday said it had launched an equal partner policy to strengthen trust and increase transparency with its … How a college drop out became the owner of such a big company. Scott Kirsner for The Boston Globe. In Kota, Rajasthan where he was preparing for his IIT entrance exam nothing amused him more than the weekend trip where he could slip out to Delhi and meet people engaged in their own business and doing stuff in their own way. You also have the option to opt-out of these cookies. Ritesh Agarwal (OYO Rooms Founder): Success Story & Life-History. It was actually meant to be the destination of bed and breakfast joints serviced apartments or private rooms for people looking for short and medium term rents. He later changed the name of this company to OYO Rooms. Your email address will not be published. Fellow The Thiel Foundation Apr 2013 - Present 7 years 10 months. In August, OYO bought the 657-room Hooters Casino Hotel in Nevada, which he has already rebranded as the OYO Hotel & Casino Las Vegas. Traveling across the different parts of the world gave him a vast experience. The book that became a huge success on Flipkart and was sold in large numbers titled “Indian Engineering Colleges: A complete Encyclopaedia of top 100 engineering colleges” was actually written by this young entrepreneur. Ritesh Agarwal story is spreading in the entire world, as how he managed to build oyo. IdeaIt was about four years ago. But have you ever heard the story of its founder. A teenage boy who is not only a millionaire but also the founder and CEO of OYO rooms, the fastest growing branded network of hotels both online and offline. OYO has over 23,000 hotels, 8,50,000 rooms and 46,000 vacation homes across the globe. The firm has 2,200 hotels in 100 cities across the country. 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Since the company is crossing gross billing of more than 1 crore per month it was all because of the idea to create India’s largest scene of standardizing, effective rooms where different services and expectations are met at fair prices like never before. Its 500 hotels across India have more than 50,000 rooms.It was not easy to build a successful company like OYO Rooms. This is where OyoRooms started.Beginning. Succeed● According to Ritesh, there were many difficulties in the beginning. How a college drop out became the owner of such a big company. 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. Agarwal claimed that the partner network shows that owners are more concerned about growth issues, while in media reports, it’s “a lot more of prices being low.” “We see [in OPEN] that one of the things owners say is land prices are growing, and it is getting harder in India to get debt for these kind of properties. The revenue of these hotels started increasing on seeing this.● Ritesh created an app through which people can book hotels and rooms of their choice and budget. Agarwal said Oyo can help get owners loans because banks trust … All credit goes to Ritesh for making this company successful in the era of start-ups. If you have ideas and vision then you can succeed at any age. The firm operates in Malaysia as well in Nepal. Oyo means on your own. The OYO rooms story is not about the dream that Ritesh Agarwal had in his life. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. Ritesh Agarwal is only 23 years old but at such a young age he has made many achievements in his name. Coming back to the Oyo Rooms founder story, there was a time when the landlord in Delhi did not even let him enter her house. Oyo network is into more than 200 cities in India and also in […] At a very young age of 13 years, Ritesh took up his first project in which he traveled to various parts of the country just to analyze how Hotel system works. Perhaps this is how Ritesh Agarwal, the founder of OYO, has called dibs on a huge section of tourists in the country. Share your story with us: SMS: +2349090060943, Whatsapp: +2349090060943, Email: [email protected] Kindly Share This Story Checkpoint policemen herdsmen Oyo farmer So he changed his name to OYO Rooms in the year 2013. He always believed in working hard. This website uses cookies to improve your experience. CBInsights of The New York Times placed OYO Rooms in companies that could achieve success in the future.One of the biggest companies like SoftBank Group, GreenOx, Sequoia Capital and Lightspread India have invested in Riteish’s OYO Rooms. ● In June 2013, he started Oyo Rooms by investing 60 thousand rupees.● The firm contacted hotels that were not a brand. Ritesh could feel and understand the plight of people who traveled to different places and just because of lack of budget they ended up staying at bad places or crappy places. Somewhere the bed is bad and the bathroom is bad. Required fields are marked *. It’s an Indian hotel brand that owns, operates and aggregates standardized hotel rooms. One such example is 23-year-old Ritesh Agarwal, the founder and owner of OYO.As we’re discussing the Oyo Rooms founder story, Riteish’s parents really wanted him to enroll in IIT and become an engineer. For this 23-year-old founder of OYO Rooms, India’s largest branded network of budget hotels, it all comes from within. 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