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. It is mandatory to procure user consent prior to running these cookies on your website. His company ‘Worth Growth Partners’ was not very successful. Ritesh Agarwal is an Indian entrepreneur and the founder and CEO of Oyo Rooms. This year he also became the youngest CEO of India. The OYO rooms story is not about the dream that Ritesh Agarwal had in his life. But have you ever heard the story of its founder. The story of Oravel: His first startup. 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. Your email address will not be published. It’s an Indian hotel brand that owns, operates and aggregates standardized hotel rooms. 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. The young entrepreneur’s birthday falls on 16th November. 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. Oyo claims to be the biggest chain of hotels in the world. This website uses cookies to improve your experience while you navigate through the website. Ritesh opened a company called ‘Oraval’ in 18 years. 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. 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. ● In June 2013, he started Oyo Rooms by investing 60 thousand rupees.● The firm contacted hotels that were not a brand. OYO Rooms has also reached Malaysia from India. In 2013, he relaunched Oravel as Oyo rooms. Ritesh Agarwal story is spreading in the entire world, as how he managed to build oyo. Ritesh Agarwal (OYO Rooms Founder): Success Story & Life-History. He had to spend the night on the stairs of the same house for several days. Interesting facts about Ritesh Agarwal Ritesh Agarwal Oyo Rooms founder is the first Indian resident to win the Thiel Fellowship which is a coveted scholarship award. The firm has 2,200 hotels in 100 cities across the country. Ritesh started his first start-up journey on the basis of his experience.Ritesh prepared a website where he used to give information about cheap and affordable hotels. However, it later branched out to become OYO rooms. It was founded in 2012 by Ritesh Aggarwal. https://www.yosuccess.com/success-stories/ritesh-agarwal-oyo-rooms He did his schooling from his native state. 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 … 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. Ritesh Agarwal is only 23 years old but at such a young age he has made many achievements in his name. At the age of 16, he was selected for the ‘Asian Science Camp’ of the Tata Institute of Fundamental Research.When Ritesh turned 17, he wrote the best-selling book. The tall and thin boy, Ritesh Agarwal has made a mark in the society when it comes to achieving great success at a very young age in life. He had a connection with computers and liked screwing around with them, finding opportunities to make mistakes so that he could learn new stuff. ... Story. OYO Rooms is one startup that needs no introduction. These cookies will be stored in your browser only with your consent. In 2011, Ritesh made up his mind to shift to Delhi and start something on his own. He was actually doing the groundwork that helped him set up his own business. Who doesn’t know about OYO Rooms. All credit goes to Ritesh for making this company successful in the era of start-ups. 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. 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. Therefore, he started capitalizing on the same opportunity to start his first venture in 2012 “Oravel Stays” which was an aggregate of bed and breakfast. 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. Where proper arrangements were found, there was no card payment facility. Oyo means on your own. The Oyo Rooms founder story is an example of hard work and dedication.Ritesh Agarwal is only 23 years old but at such a young age he has made many achievements in his name. Ritesh Agarwal was selected for the ’20 Under 20′ of Thiel Fellowship in 2013. Succeed● According to Ritesh, there were many difficulties in the beginning. How a college drop out became the owner of such a big company. Then came ‘OYO Rooms’ in existence in January 2013. 5 Profit making business ideas in india under 20,000 INR, Importance of Logo Design for Every Business – 5 Reasons you should know, What is VPS Server Hosting ? The Oyo Rooms founder story is an example of hard work and dedication. His parents wanted him to excel in studies but he had an aptitude which was better than the regular textbooks required. You must have booked hotels through OYO Rooms in many places. Thus at the mere age of 17, he launched Oravel travels, which he modeled after Airbnb. This category only includes cookies that ensures basic functionalities and security features of the website. Perhaps this is how Ritesh Agarwal, the founder of OYO, has called dibs on a huge section of tourists in the country. The one month turnover of this company of 1500 employees is Rs 23.39 crore.There is no age limit and time is set for success. But Ritesh did not give up. For this 23-year-old founder of OYO Rooms, India’s largest branded network of budget hotels, it all comes from within. Your email address will not be published. Four years later, Ritesh is the founder of Oyo Rooms. Check out below for Ritesh Agarwal Wiki, Biography, Age, OYO Rooms, Family, … Oyo’s objective is to change the way people stay away from home. The Hooters Hotel purchase isn't normally … If you have ideas and vision then you can succeed at any age. 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. He, therefore, created an online platform to get ideas and experiences of the social community about all the places they traveled on a single platform. He has just raised $25 million (Rupees 150 crore) from San Francisco-based Greenoaks Capital and existing investors Sequoia, DSG Consumer Partners and LightSpeed Ventures. 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. Agarwal is also a recipient of the Business World Young Entrepreneur Award. The knowledge that our generous host did not have to lose a limb to afford the rooms let us enjoy the wedding guilt-free. In 2013, he was nominated for ‘Thiel Fellowship,’ a 2-year program initiated by PayPal founder Peter Theil. After leaving college, Ritesh has worked hard to open his own company. Oyo is an online platform for hotel booking in India. The biggest example is his company OYO Rooms.OYO Rooms is an application through which hotel booking can be done. He always believed in working hard. Check out Ritesh Agarwal Biography exclusively on Startup Stories. In the Oyo model, hotels are not owned, instead Oyo ties up with certain hotels and acquires a … Oyo Rooms (stylised as OYO), also known as Oyo Hotels & Homes, is an Indian hospitality chain of leased and franchised hotels, homes and living spaces. Somewhere the bed is bad and the bathroom is bad. 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 IdeaIt was about four years ago. How can you make it easier for us to get this debt from banks? Story outline. Ritesh Agarwal, founder and CEO of OYO, has had quite a journey over the years. 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. 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. 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. This is where OyoRooms started.Beginning. But it was his desire to complete his vision that provoked him to take a step forward. Besides CEO Ritesh Agarwal, police have booked Head of Oyo South Rohit Srivastava, Head of business development Madhvendra Kumar and three finance officers. 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. He was born in the year 1993 and brought up in a small town of Bisam in Cuttack, Odisha. We also use third-party cookies that help us analyze and understand how you use this website. Required fields are marked *. This website uses cookies to improve your experience. Ritesh started software coding at the age of 8. Founder & CEO of OYO Rooms-India's fastest growing network of Branded hotels offline and online. Ritesh got trapped outside due to the interlock of his flat in Delhi. 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. The biggest example is his company OYO Rooms. Ritesh was also staying in Kota, Rajasthan and was preparing for the IIT entrance exam.But Ritesh did not want to wait to see his ideas and vision fulfilled. The website was named ‘Oraval’.After running the website for a few days, Ritesh felt that people might not understand the website due to the name. To make his living, he even sold SIM cards because he was scared that if his parents came to know that he was not living in good conditions they would probably call him back to Odisha. Oyo network is into more than 200 cities in India and also in […] Know 5 Facts About VPS Server In India. 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. The very next year he won the Business world young Entrepreneur award. Ritesh is the only person from India selected for ‘Thiel Fellowship’.He was also included by Forbes as one of his ’30 Under 30′ entrepreneurs. Becoming an 100-employee company with a $100 million valuation took time. Ritesh says that I was the manager, receptionist and staff at that hotel.● Sitting at night, he wrote code for his app and worked to improve the website.● Gradually the team formed, the work progressed and our services started to appeal to the people. 19-year-old Ritesh Aggarwal used to roam for months and stay in a budget hotel, so that he could know about all the things there. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. Ritesh Agarwal is the 21-year-old founder of hotel listings startup OYO Rooms in New Delhi. San Francisco Bay Area Education St. Johns Senior Secondery School High School … David Solomont, the owner of Oyo Toys. He has been constantly hitting the list of top 10 Indian entrepreneurs in various categories and was named in the Forbes list of 30 under 30 in consumer Technology Sector just at the age of 22 years. He won monetary benefit. Scott Kirsner for The Boston Globe. The OYO Hotels said that they will file a counter complaint against the Bengaluru hotel owner for . Now 23 years old, Ritesh Agarwal, Founder and CEO of OYO, began his journey in January 2013, starting with one hotel in Gurgaon. 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. 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 Salman Khan Height, Age, Girlfriends, Family, Biography & More, Sidharth Malhotra Height, Weight, Age, Girlfriend, Family, Biography & More, Alia Bhatt Age, Height, Boyfriend, Family, Biography & More, Varun Dhawan, Height, Age, Girlfriend, Family, Facts & More, Shraddha Kapoor Age, Height, Boyfriend, Family, Biography & More, Shah Rukh Khan – A Detailed Biography by StarsUnfolded, Akshay Kumar Height, Age, Wife, Family, Children, Biography & More, Virat Kohli Height, Age, Wife, Girlfriend, Family, Biography & More, Kangana Ranaut Age, Height, Boyfriend, Family, Biography & More, Narendra Modi Age, Height, Wife, Family, Caste, Biography & More, Arnab Goswami Height, Age, Wife, Family, Children, Caste, Biography & More, Amitabh Bachchan Height, Age, Wife, Family, Caste, Biography & More, Hemangi Kavi Age, Height, Husband, Family, Biography & More, Follow us on our social media channels to stay connected. In 2014, he was honored with TIE Luminous entrepreneurial excellence award. You also have the option to opt-out of these cookies. The OYO success story: Ritesh Agarwal world’s youngest self made billionaire after Kylie Jenner. Went in search of the hotel to spend the night. So he changed his name to OYO Rooms in the year 2013. He left the preparation of IIT and started preparing for his business. With funds in his pocket, he managed to present his new ideas at Thiel Fellowship, which was a global contest intended for students under the age of 20 years. Nobody was willing to believe that technology could be used.● Eventually, Gurgaon started with the hotel. In the same year, he was named as one of the 8 hottest teenage startup founders in the world by Business Insider. OYO has over 23,000 hotels, 8,50,000 rooms and 46,000 vacation homes across the globe. Ritesh Agarwal as OYO rooms owner The only question that might come into the mind of thousands of people is how a college dropout is able to make such a huge empire. Traveling across the different parts of the world gave him a vast experience. These cookies do not store any personal information. 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. In 2013 he was named among the top 50 entrepreneurs by TATA first dot awards. Founded in 2013 by Ritesh Agarwal, OYO initially consisted mainly of budget hotels. 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. Kunal Pandya, CEO of Gujarat-based NCrypted, which calls itself a startup enabler, says his company had licensed its vacation rental product Bistrostays to … Ritesh Agarwal, founder of OYO Rooms, was named the 'youngest self-made entrepreneur' in the recently released Barclays Hurun India Rich List 2018. Oyo rooms owner, Ritesh Agarwal has outshined the generation of millennial. Ritesh became the first Indian resident to win Thiel Fellowship award which is considered as a coveted scholarship award. In the past days, he had to go to the hotel to sleep one night under compulsion, then realized how difficult it was for people to find a hotel of their time in need. We'll assume you're ok with this, but you can opt-out if you wish. He became the world's second youngest billionaire in 2020. Save my name, email, and website in this browser for the next time I comment. An idea struck him about meeting the very basic needs of budget travelers. He later changed the name of this company to OYO Rooms. Ritesh Agarwal biography provides immense information of how he did he, by just being 25, became super successful. Here we are going to discuss Success Story Of OYO Founder: Ritesh Agarwal and hope you get inspiration from his story so please read carefully the entire article.OYO. OYO rooms has been one of the most successful start-ups in India being the country’s largest budget hotel chain. 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Agarwal said Oyo can help get owners loans because banks trust … 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. Owner, ritesh has worked hard to open his own has worked to. Oyo can help get owners loans because banks trust … Then came ‘ OYO Rooms became the youngest of. That they will file a counter complaint against the Bengaluru hotel owner for teenage startup in. Aggregates standardized hotel Rooms became the youngest CEO of India had in his name to Rooms... 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