His family is from a business background. [10] He graduated from St. Johns Senior Secondary School and moved to Delhi in 2011 for college. Jump to. He believed that everyone deserves a beautifully designed, chic and comfortable living space. [26], Founder & CEO, Ritesh Agarwal, through RA Hospitality Holdings (Cayman)[27][28] in 2019 signed a $2 billion primary and secondary management investment round, supported by global institutional banks and his financial partners, subject to regulatory and shareholder approvals. [37], In May 2019, OYO announced the acquisition of Amsterdam-based @Leisure Group, Europe's largest vacation rental company. Recently, it received funding of Rs 630 crore from the SoftBank Group. All articles published in any PLOS journal are Open Access free of charge to all readers. See more of Ritesh Agarwal on Facebook. Now, skeptics say Oyo could also fall short, further undermining Son’s grand ideas about technology investing. [24], In Feb 2019, Oyo got $100 million from a Chinese company (DIDI CHUXING) [25], In October 2019 – Series F funding of $1.5 billion led by SoftBank Group, Lightspeed Venture Partners and Sequoia India. At the age of 13, he started selling SIM cards. [66], In August 2017, a 20 year old was raped in Oyo City hotel located at Banjara Hills. Quotations by Ritesh Agarwal, Indian Businessman, Born November 16, 1993. PLOS is committed to disseminating research as quickly as possible, particularly in public health emergencies. See more of Ritesh Agarwal on … In March 2018, OYO acquired Chennai-based service apartment operator Novascotia Boutique Homes[32][33] marking its first major buyout as well as establishing its presence in the service apartment and corporate executive stay. Home. Accessibility Help. [29], In 2019, OYO registered a revenue of USD 951 million, a 4.5 times increase on a year on year basis, as compared to USD 211 million. Phone. Ritesh also wrote a book which was sold hugely on Flipkart. Ritesh Agarwal. OYO has also set up 26 training institutes for hospitality enthusiasts across India. Share with your friends. He did his schooling from his state. Posts. of OYO ... perhaps the world's fastest growing hospitality brand from India, offering "tasteful spaces, whenever you need them, at unbeatable prices. 7000588028. Facebook. [65], In October 2020, a 19 year old student was gang raped in an Oyo hotel room. During his travels, the issue with budget hotels was discovered. The Ritesh Agarwal-led OYO raised ₹54 crore or $7.4 million from Hindustan Media Ventures in a Series F round of funding. If you are interested in knowing about his personal life, … He graduated from St. Johns Senior Secondary School and moved to Delhi in 2011 for college. Learn from. Ritesh Agarwal was born and brought up in Bisam in Cuttack, Orissa. Fast food "OYO to add over 3,000 employees in India", "OYO plans mass recruitment in India to boast of 12k staff by year-end", "OYO announces Rs 1,400 crore investments, launches new property 'Collection O' targeting millennials", "Have created over 1 lakh direct and indirect jobs in India: OYO", "OYO opens Gurgaon campus, plans to launch a skill training center", "India's Oyo valued at $10B after founder purchases $2B in shares", "India's budget hotel startup OYO raises $1B for international growth", "China's Didi Chuxing invests $100 million in Oyo", "Oyo gets $100 million from China's ride-hailing giant Didi Chuxing", "Ritesh Agarwal to invest $700M in Oyo's new $1.5B financing round", "Ritesh Agarwal's Cayman based firm to bring funds to Oyo", "Ritesh Agarwal sets up RA Hospitality in Cayman Islands to drive Oyo funding", "Ritesh Agarwal to deploy $2 billion in his hotel startup OYO to boost stake", "OYO has seen 4.4 times y-o-y growth in revenue in June 2019, says founder and group CEO Ritesh Agarwal", "OYO acquires Chennai's Novascotia Boutique Homes", "Oyo acquires Chennai-based Novascotia Boutique Homes to expand corporate offering", "OYO acquires wedding marketplace Weddingz", "Hotelbeds & Oyo Hotels & Homes announce strategic distribution partnership", "Airbnb confirms stake in India's OYO, sources say it invested $150M-$200M", "India's budget hotel startup Oyo enters co-working business with $30 million Innov8 acquisition", "Oyo buys Las Vegas Hooters Hotel in its first US purchase", "India's Oyo Rolls Dice With Purchase of Las Vegas Hooters Hotel", "Budget hotel chain OYO launches OYO Townhouse", "In trying to be the Indian Airbnb, OYO may be turning too cumbersome", "Unlocking Homes for Great Holiday Experiences", "Airbnb-backed OYO moves into Europe, buys Leisure Group from Axel Springer for $415M", "OYO to acquire Amsterdam based vacation rental company @Leisure Group", "Oyo to invest $335M in vacation rental business in Europe push", "OYO to scale up its SilverKey hotels portfolio to 19 cities across India", "OYO plans big focus on serviced apartments for corporate clients", "India's Oyo launches Capital O hotels in the UAE", "Oyo forays into leisure segment with Palette Resorts", "OYO forays into upper-end leisure resorts category; launches Palette Resorts", "OYO woos biz travellers with Collection O; ups investment", "OYO's Collection O Hotels reaches milestone 175 buildings in 3 months", "Why OYO Life is betting big on the co-living market in India", "Oyo looks to enter student housing and co-working, to expand co-living segments", "OYO launches OPEN programme for asset owners", "Oyo Rooms wants to share digital record of your check-ins with government", "Oyorooms with new concept of data sharing with government authorities", "Budget hotels teaming up to take legal route against Oyo", "All's fair in talent war: Oyo targets staff at rivals", "Shocking! However, … As of February 2020, he is the second youngest self-made billionaire in the world. From my perspective, as an entrepreneur, one is wired to take risks. He was born in a middle-class household on Nov 16th, 1993. Check the professional list by Designation, Email Id, Mobile and Social Profile and more. Ritesh continuously ranked in the list of top ten Indian entrepreneurs in numerous times. They have always trusted him with every decision that he makes. Founded in 2013 by Ritesh Agarwal, OYO initially consisted mainly of budget hotels. The Whitefield Police booked Ritesh and his representatives under … Oyo Rooms, also known as Oyo Hotels & Homes, is an Indian vacation rental online marketplace company. For Agarwal, who left home in Odisha as a teenager to seek his fortune, carrying all his … Ritesh Agarwal, Founder and CEO, OYO: Despite the fact that the hospitality industry is in perhaps the hardest emergency, it is certain that it will … 9.2K likes. Lightspeed Venture Partners, and Sequoia India, OYO's early supporters, are selling part of their holdings in order to help the founder increase his stake and thereby commitment while remaining invested significantly in the company's long-term mission. Ritesh Agarwal: The face behind India’s biggest hotel chain. You, of course, need to be smart and take calculated risks, and then do all you can to make it worth the risk, says Ritesh Agarwal. Press alt + / to open this menu. In 2018, a 22 year old woman was raped by the OYO rooms demand manager. He entered the Forbes list of 30 under 30 in the consumer tech sector. [30], In March 2016, OYO acquired the team of Qlik Pass, founded by Rahul Gupta & Rishi Swami to setup and lead its Data Science Department.[31]. Oyo Rooms (stylised as OYO), also known as Oyo Hotels & Homes, is an Indian vacation rental online marketplace company. [38], In July 2019, OYO announced the acquisition of Innov8. Ritesh Agarwal House and Cars . Official fan page of the founder and CEO of OYO Rooms. Photos. [11] He dropped out of college, and was selected for the Thiel Fellowship in 2013. OYO will invest specifically in data sciences and AI-driven, forward-looking intellectual property investments and merger and acquisitions to help grow the business, Founder Ritesh Agarwal … November 12, 2020. They had apprehensions about getting to their accommodation at night in case they entered new state … The startup expanded globally with thousands of hotels, vacation homes and millions of rooms in India, Malaysia,[5] UAE, Nepal,[6] China, Brazil, Mexico, UK, Philippines, Japan,[7] Saudi Arabia, Sri Lanka,[8] Indonesia, Vietnam, the United States[9] and more.[10][11]. He dropped out of college, and was selected for the Thiel Fellowship in 2013.. Career. Ritesh Agarwal, founder and CEO of OYO Rooms, has become a significant figure in the entrepreneurial world, after his gargantuan success. We will … Details about Ritesh Agarwal house is not known except that he has a family home in Rayagada in Cuttack, Orissa. This has been described as a threat to privacy. It is quite commendable for an eighteen-year-old to start a business oh his own, and make it worth millions over a span of six years. The man that changed the landscape of the hotel industry-Ritesh Agarwal and his brand OYO are growing with every passing day. Both have charismatic young founders. He also bagged the business world young entrepreneur award in 2015. Enjoy the best Ritesh Agarwal Quotes Page 2 at BrainyQuote. At his young age of 17, Ritesh Agarwal came up with launching … The name of the book was ‘Indian engineer… "The rise (and fall?) Ritesh Agarwal Classes. The test of a true talent is the kind of people he is surrounded and in that case Dr. Ritesh kumar Agrawala has proven his worth. [67], 68. This Collection of articles highlights all content published across the PLOS journals relating to the COVID-19 pandemic in 2019-20. In April 2019, OYO announced a strategic global distribution partnership with bedbank Hotelbeds. Three Months later it developed to 100 bed and breakfast homes, guest houses, and small hotels.Shortly after launching Oravel stays, Ritesh Agarwal received a grant of $100,000 as part of the Theil Fellowship from Peter Theil. He entered into an agreement with Ritesh Agarwal in June 2017, where Oyo would give them reservations and take 20% of the share and give him 80%, but Agarwal and his representatives had taken 80% of the share instead of 20%. [64], In 2019, a 26 year old woman was raped in an Oyo hotel room. at ₹1,299 ₹499, you get:. The company's investors include SoftBank Group, Didi Chuxing, Greenoaks Capital, Sequoia India, Lightspeed India, Hero Enterprise, Airbnb and China Lodging Group. All of 21, Ritesh Agarwal could be the youngest millionaire from India’s booming startup community. 462011. [12][13], Agarwal started a budget accommodation portal, Oravel Stays, for booking budget hotels. Ritesh Agarwal is a self-made man and is a well known successful entrepreneur. It further Introduced upgraded Co-OYO app for hotel partners to provide complete visibility on all business & customer metrics. Oyo's Ritesh Agarwal shares this title with Kylie Jenner. He has also driven focused Learning & Development Strategies for Sales to achieve consistent business results across geographies. He has been constantly working with team of doctors where he can learn, exceed and impart the same knowledge to the coming generation. He accused Ritesh and his representatives of cheating him of more than Rs. Corporate. He became the world's second youngest billionaire in 2020. [1][2][3][4] Founded in 2013 by Ritesh Agarwal, OYO initially consisted mainly of budget hotels. After undertaking months of research and staying in various bed and breakfast homes, guest houses, and small hotels across India, he renamed Oravel to OYO in 2013. Address. riteshagarwalclasses@gmail.com. During the earlier night curfews, we saw that customers were feeling more uncertain about the travel. Ritesh Agarwal Classes, R-26, Zone-2, M. P. Nagar, Bhopal (M.P.) Speaking of Ritesh family background, he comes from a middle-class Marwari family who resides in the state of Orissa. [63], Oyo has been involved in numerous rape scandals. These include: In April 2019, the company announced the launch of OPEN programme, an initiative for its partner hotels to help them reach their business goals. Ritesh Agarwal: All of us in the hospitality industry are trying to ensure that we can react to uncertainty such as this to ensure that our customers have ease. OYO Rooms, OYO Hotels & Homes has a multi-brand approach. Create New Account. Ritesh Agarwal cars info is not publicly known as well but it is likely that he does not own a car since he has posted multiple times on Twitter to Uber and Ola about problems with their rides so it is assumed that he avails cabs. And … [59], In 2019, OYO rooms plans to implement a digital register mechanism which will allow it to share customer data in real time with the government. He is the first Indian resident to win the Thiel Fellowship. Curious as to what the young entrepreneur was carting around, Somaia asked him about it and was amazed to hear the answer. Exclusive Video Lectures on Entrepreneurship 101; Certificate of Completion signed by Ritesh Agarwal OYO in March 2019, announced a 1400 cr investment in its India and South Asia businesses over 2019 as a part of its efforts to increase infrastructure, strengthen technology and internal capability. Enroll Now! [39], In August 2019, Oyo made its first major investment in the United States by purchasing the Hooters Casino Hotel, near the Las Vegas Strip, in partnership with US-based real estate company Highgate, for $135 million.[40][41][42]. Home; About Us; Blog; Demo Lectures; Contact Us; Gallery; Vedic Maths; Get in touch and we'll get back to you as soon as we can. Our focus is to make an IPO-ready company, says OYO chief Ritesh Agarwal Oyo Hotels is slashing footprint and headcount in virus-hit Japan Hospitality firm OYO has already invested around Euro 350 to 400 million in Europe and will be making further investments there in the times to come, its founder and Group CEO Ritesh Agarwal said on Thursday. In The Big Chair - Ritesh Agarwal of OYO Rooms Ritesh Agarwal, Founder and group CEO OYO launched in 2013 in India but has rapidly expanded to the U.K., China and most recently to mainland Europe through the acquisition of @Leisure. "OYO has $1 billion to fund operations until IPO, says CEO Ritesh Agarwal", Sharing of customer data with the government, "With 8.5 lakh rooms, Oyo claims third spot globally", "How OYO became India's 3rd best company to work for in just 6 years", "OYO claims to be second-largest hotel group in China", "OYO Rooms Goes International; Launches in Malaysia", "OYO expands international presence with hotel launch in Nepal", "OYO and SoftBank form JV to launch hotels business in Japan", "OYO expands international presence entering Sri Lanka", "Hotel Unicorn Oyo Plots $300 Million Push into the U.S. Market", "At 21, He's the Mind Behind Multi-Million Dollar Start-Up OYO", "How OYO's Ritesh Agarwal transformed the business of budget accommodation", "HOW OYO ATTAINS HUGE HEIGHT IN THE MARKET AFTER USING AWS SERVICES", "Oravel founder Ritesh Agarwal wins Thiel Fellowship", "Ritesh Agarwal: Interview with founder of Peter Thiel-backed Oyo". Ritesh Agarwal was born in Bissam Cuttack town of Odisha state, India and brought up in Titilagarh. Ritesh Agarwal is an Indian entrepreneur and the founder and CEO of Oyo Rooms. [22][23][24] His net worth in 2020 was estimated to be approximately $1.1 billion (INR 7253 crore) according to Hurun Rich List 2020. Shortly after launching Oravel Stays, Ritesh Agarwal received a grant of $100,000 as part of the Thiel Fellowship from Peter Thiel. Both are trying to change traditional real estate businesses with technology. Prior to Ritesh becoming a multi-millionaire, they did not have a good financial condition. Home. Dr. Ritesh kumar Agrawala has achieve the same he makes sure that he is the one to take the first step towards this goal. [14][15] It was accepted into the accelerator program by Venture Nursery in September 2012, and later was one of the winners of the 2013 Thiel Fellowship program, receiving a grant of $100,000. 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