In this blog we will deep dive into the ocean of success , Ritesh Agarwal journey rom a Sim card seller to the CEO of OYO .
Ritesh is an indian billionaire entrepreneur and the founder and CEO of OYO Rooms , a hospitality chain .
Ritesh was born in a Marwari family in Cuttack Odisha , on Nov 16 1993. His father was Ramesh agarwal and mother is Bela Agarwal a doctor by profession. Ritesh has an elder brother named Ashish Agarwal . He is the MD of Peak XV partners , He has two elder sister and both of them are doctor by profession .
On march Ritesh Married to Geetatnsha sood , she works as the director of a private firm known as formation venture Ltd . Ritesh has a son named Aryan .
Ritesh has done his schooling from Sacred Heart School and later at St. John ‘s Senior Secondary School . He moved to Delhi in 2011 for college education .
At the age of 13 years , when he went to Delhi for JEE preparation he started his career by selling Sim Cards .
In 2011 He became India ‘s youngest CEO at 17 , by owing a Company named worth growth partners In 2011 – He started Growth Partners .
In 2011 He started another company named oravel .
In 2012 – The company was selected by Venture Nursery for an acclerator programm , Received Rupees 30 lakhs in funding . in May 2013 when his business Scaled up he changed his company’s name to OYO (ON YOUR ON ) Rooms . It became market plans for hotels to get branded in bring in customer at a budget price .
In 2023 , OYO Rooms are available in 80 countries across the globe he has been a partner the company Raaga Partner LLP Since 2016.and a partner in RIP LLP since 2021.
In 2023 ,Agarwal became the youngest “ Shark “ to appear on Shark Tank India .
In 2024 , Agarwal continued to lead OYO Rooms as it built on its success from the previous year . the company focused on expanding its presence in key international markets , particularly in the Nordic countries , southeast Asia , the US and the UK , where it had seen strong growth .
Controverseries –
- Ritesh Agarwal of cheating OYO ‘s Co – founder Manish Sinha .
- Fined for unauthorised business in the united states .
- OYO was called an online fraud company .
Award and Achievements –
- 1st resident asian to win 20 under 20 Thief fellowship – 2013
- Top 50 entrepreneur by TATA first DOT Awards – 2013.
- List as “ one of the 8 Hottest teenage startup founder in the world by businessman insider iin 2013.
- Received TIE – Lumis Entrepreneurial Excellence Award in 2014
- Mentioned in Fobes ’30 under 30 ‘ in the consumer Tech Sector in 2016 .
- Young Entrepreneur Award by Business world in 2018 .
In our success blog this is the short story about the CEO of OYO Ritesh Agarwal .
