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This 24-year-old man built a company worth Rs 71 billion in 9 years, now he has made it to the world’s rich list.

New Delhi. If tempers are high, then no power in the world can stop you from succeeding. Leaving engineering at the age of 17, Ritesh Agarwal (Founder of Oyo Rooms, Ritesh Agarwal) started the company. Starting the business without any help has taken it to a height of more than 71 billion rupees. At the same time, in the Hurun Rich List 2020, now Oyo founder and 24-year-old Indian Ritesh Aggarwal also got a spot. The net worth of him is $110 million (about Rs 8,000 crore). Ritesh’s Oyo Rooms has become the third company in the list of successful Internet companies in the country after Flipkart ($20 billion) and Paytm ($10 billion). It is also the largest hotel chain in the country.

Let’s know the story of the journey of Ritesh Agarwal, the founder of Oyo Room…

The company started like this- Ritesh liked to travel a lot. In the year 2009, he had the opportunity to visit Dehradun and Mussoorie. Here he realized that there are many such beautiful places that few people know about.

, Such experiences inspired Ritesh to create an online social community, where owners and service providers can provide affordable bed and breakfast accommodation to tourists on a single platform.

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, In the year 2011, Ritesh started Oravel. Influenced by Ritesh’s idea, Manish Sinha from Gurgaon invested in Orawell and became a co-founder.

Ritesh Agarwal, founder of Oyo Hotels

, Then, in 2012, Orawell received a financial boost when it received seed capital from Venture Nursery Angel, the nation’s first angel-based startup accelerator.

, However, Ritesh faced several problems setting up the company, including financing, marketing, and communicating with owners and investors.

, When Ritesh Agarwal started, he was only 17 years old. Ritesh’s motive for starting this company was to provide accommodation facilities to tourists from all over the country at affordable prices.

, Orawell is a marketplace where you can find and book comfortable and affordable rooms from over 3,500 apartment and room listings at half the price of similar hotels in the same area.

, The company also operates Oyo Inns (, which offers a chain of affordable hotels.

, Ritesh Agarwal was born in Bismaktak, a small town located in southern Odisha, known for Naxalite activities. Ritesh College is dropping out. But this weakness has become his strength.

, He did his early studies at Secret Heart School, Raigad. Riteish has been heavily inspired by Bill Gates, Steve Jobs and Mark Zuckerberg from a young age and regards Anil Agarwal of Vedanta as his role model.

, Agarwal is the only dropout leading a team of people who have studied at IIM, IIT, HBS and the Ivy Leagues. He says that in India they make fun of dropouts. He is not considered smart and sensitive. Ritesh once said in an interview that he hopes to win a few more names that have left the country in the next few years.

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Tags: business news in hindi, success story, successful business leaders, successful businessman


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