Quick Info
| Profession | Founder, CEO |
|---|---|
| Nationality | Indian |
| Date of Birth | 16/11/1993 |
| Age | 32 years |
| Birthplace | Bisam, Cuttack, Odisha |
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Bio/Wiki
| Ritesh Agarwal is the founder and CEO of OYO Hotels & Homes, one of the world's largest hotel chains. He is an Indian billionaire entrepreneur who revolutionized the budget hospitality sector by identifying and resolving pain points in hotel accommodations. |
Educational Qualification(s)
| College dropout who chose to pursue his entrepreneurial vision |
Family
| From a middle-class Marwari family based in Odisha |
Career
| Professional Career | Founder and CEO of OYO Rooms |
|---|---|
| Formed Oravel in 2011 | Started with Oravel Stays in September 2012 as a budget accommodation portal |
| Formation of OYO Rooms | Relaunched Oravel as OYO Rooms in May 2013 after receiving the Thiel Fellowship grant of USD 100,000 |
| Achievements |
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Some Lesser Known Facts
| 1. He initiated his initial project when he was just 13 years old. | |
| 2. He decided to leave college to follow his business vision. | |
| 3. An accomplished author, he penned the popular book "Indian Engineering Colleges: A Complete Encyclopaedia of Top 100 Engineering Colleges." | |
| 4. He secured funding totaling 30 lakhs from Venture Nursery. | |
| 5. Regarded as one of the top 10 Indian entrepreneurs across different sectors. | |
| 6. He became the inaugural Indian to clinch the prestigious Thiel Fellowship award. | |
| 7. In July 2019, he tripled his stake in OYO with a purchase of USD 2 billion worth of shares. | |
| 8. OYO expanded internationally to Malaysia, Nepal, and Britain. |