You must have heard the name of OYO Rooms, OYO Rooms is one of the most successful start ups of India. In this article, we have written the biography of Ritesh Agarwal, the founder of OYO Rooms. Ritesh Agarwal is the inspiration to all the youth of the world who think of becoming an entrepreneur. We get to learn a lot from his biography to become a successful entrepreneur.
Ritesh Agarwal is one of the most famous and accomplished young Indian entrepreneurs. He is the founder and CEO of OYO Rooms, a highly valued startup in India. Currently, OYO ROOMS operates in many countries and full credit for its development goes to Ritesh Agarwal and his illustrious team.
He is an inspiration to many young startup founders. And he has shown with his example that no matter how old you are, you can start your own company and continue to pursue your passion. Let us know about his life journey, his struggle, and his achievements in the biography of Ritesh Agarwal.
Ritesh Agarwal Date of Birth
Ritesh Aggarwal was born on 16 November 1993 in Cuttack, Odisha in a small town called Bisam. He also completed his schooling in Orissa. Currently, he is so busy with his work that he does not even have time to celebrate his special day. But whenever he gets time, he celebrates his birthday with his friends and family.
Ritesh Agarwal Family Background
He belong to a middle-class Marwari family, who live in the state of Odisha. Before Riteish became a millionaire, his financial condition was not good. However, he always supported Riteish to be who he is today. He has always trusted him with every decision he makes. If you are interested in knowing about his personal life, continue reading Ritesh Agarwal Gossip Junction.
Ritesh Aggarwal Education
He completed his schooling at Sacred Heart School in the state of Odisha. He went to Sacred Heart School in Raigad, Odisha. After completing his schooling, he joined the Indian School of Business and Finance in Delhi. Surprisingly, he never went to college.
But he started his own company in the area in which he was interested. He dropped out of college and never looked back again. Many people want to know about the success story of Ritesh Aggarwal and you can know by reading through this complete biography.
Ritesh Aggarwal Personal Life
He started traveling to many places in India at the young age of 17 years. He was not satisfied with the existing business in India and thus decided to start a hotel business in India. He is a person of very kind, humble personality. Even after managing such a large business at such a young age, he is a land-connected man and he treats his colleagues and friends with the utmost love and care.
He is one of the busiest people but still makes time for his family which often says a lot about his character. He is quite active on social media so that you can see Ritesh Agarwal’s photo on those profiles. You would definitely love to know how he managed to manage such a successful startup at a shocking age, Ritesh Agarwal’s biography will know.
Ritesh Agarwal Career
If you were to imagine who founded the OYO Rooms, it was Ritesh Agarwal. Ritesh Aggarwal was only 18 years old when he started his first company with Ovalstays which turned into OYO ROOMS. The entire form of OYO is On Your Own, which seems quite attractive in the short form of OYO. Earlier in his career, he received the Thiel Fellowship which greatly helped him take his venture to great heights.
Through this program, he received $ 100,000 which was a surprising amount. Most of the funding of OYO ROOMS was done through this and they went to seek additional funds to expand their business. Being the founder of OYO Rooms is not an easy task as he is constantly working on many challenging tasks and is responsible for the growth of the company.
Since he is the CEO of his company, Ritesh Aggarwal’s salary should be much higher than any other employees of OYO Rooms. Although the net worth of Ritesh Agarwal is not specified, it should be somewhere in the millions and soon we can expect him to become India’s youngest billionaire. He has also won a large number of awards and recognitions for his brilliant startup and leadership. His story is true among the best inspiring stories of Indian entrepreneurs.
Interesting facts about Ritesh Agarwal
- Ritesh Agarwal, the founder of OYO Rooms, is the first Indian resident to win the Thiel Fellowship which is a prestigious scholarship award.
- He received the Business World Young Entrepreneur Award in the year 2015.
- He is consistently ranked among the top 10 Indian entrepreneurs on various lists.
OYO Rooms CEO Ritesh Aggarwal Success Story
As the founder of OYO ROOMS Vicky would confirm, he started his first venture in the year 2012 with the name Oval Stays which had a line of bed and breakfasts. However, with Ritesh Aggarwal’s annual turnover figures from that business, he realized that he needed Indian hotels more than just the bed and breakfast concept.
In another interview, he confirmed that he wanted to build something for the budget traveler in India, and therefore, the concept of OYO Rooms in India stuck to him one day. Initially planning with OYO ROOMS in Delhi and later with OYO ROOMS in Bangalore, this young entrepreneur took the hotel industry by storm.
In the year 2013, Ritesh Aggarwal applied for Thiel Fellowship and received a grant of $ 100,000, and became the first Asian to receive a Thiel Fellowship. It was when the cooperation of Ritesh Aggarwal and Peter Thiel bought him and his business that was much needed.
Eventually, Ritesh Aggarwal transformed the new start-up into fame and success across the country. Due to this, his talent has also been appreciated by famous entrepreneurs like Sheryl Sandberg from Facebook and Bipin Preet Singh from Mobikwik.
As of now, everyone’s eyes are on Ritesh Agarwal’s next project and according to Ritesh Aggarwal’s latest interview, Ritesh can take his business abroad. Ritesh Agarwal is looking for contact details of several big names in his industry to contact him for business proposals.
Entrepreneur Ritesh Agarwal Personal Life
Being a young and handsome entrepreneur, he has had clear rumors about Ritesh Aggarwal’s love affairs but has never officially revealed who Ritesh Aggarwal is. However, Ritesh Agarwal’s controversy about his girlfriend always and how badly the media knows about Ritesh Agarwal loves.
Well, it is believed that Ritesh Agarwal’s relationship is very personal for her and soon we will not hear about Ritesh Agarwal’s girlfriend. But we expect that the wife of Ritesh Agarwal, founder of OYO ROOMS, will be an aspiring entrepreneur as she is.
Now, Ritesh Agarwal is named along with big businessman Elon Musk and Facebook founder Mark Zuckerberg.