Ritesh Agarwal is an Indian Businessman and Founder of Oyo Rooms. The company is well known as OYO which offering budgeted hotels to its customers. Ritesh has started OYO with just one city and it’s now expanded to 230 cities with more than 8500 hotels.
OYO is not serving only in India but it is expanded to an overseas network of China, UAE, Malaysia, Nepal, and Indonesia.
Ritesh Agarwal Net Worth 2020
OYO Rooms is the main source of his income which has a Net Worth of $400 Million (Approx.). In just five years, he featured in the list of Barclays Hurun India Rich List for the year 2018 at the age of 24.
Ritesh Agarwal Biography
|Full Name||Ritesh Agarwal|
|Birthdate||16th November 1993|
|Birth Place||Orissa, India|
Education and Career
He did his schooling from St. Johns Senior Secondary School. He then moved to Delhi to complete his graduation from the Indian School of Business and Finance in Delhi. He leaves his study and dropping out of college. He once wants to appear in the engineering exam named SAT but his dream of entrepreneur has stopped him from doing preparation.
Ritesh loves computers from his childhood which he used to play and learn something new. He started coding at the age of 8 (eight) only when he was studied in primary school.
He started dreaming at the age of 17 to become an entrepreneur when nobody cares and think about their further studies as well. Before starting of OYO, he traveled and staying in several hotels and guest houses to research and understand the difficulties and expectations of customers.
He did every possible experience to know everything about the actual problems faced by customers at hotels.
After 3 months of research work, Ritesh Agarwal founded Oyo Rooms in 2013 when he was just 18 years old. OYO Rooms is a website where Hotel owners can list and customers can make their bookings.
He started the start-up with the objective to provide budgeted hotels to the travelers, couples, and peoples on the trip. OYO Rooms offered standardized services like free wife, breakfast, clean bed, Flat LEDs and much more. In September 2018, He raised a fund of $1 Billion for OYO Rooms.
- Listed in the List of Forbes 30 Under 30
- Spotted in the Business Insider for one of the 8 hottest teenage start-up founders in the Word for the year 2013.
- Became the first Asian to receive Thiel Fellowship
- Business World Young Entrepreneur Award
- One of the youngest CEO in India
Early and Personal Life
Ritesh was born in Odisha into the business class family. He is not married yet and has no girlfriend.