Ritesh Agarwal was born on 16 November 1993, in Bissam Cuttack Odisha. He was from a middle-class Marwari family. His family consists of mother, father and three brothers, Behenen. The ability to do business will be in his heart. His father works with Infrastructure Corporation and his mother is a housewife.
Ritesh completed his studies at Sacred Heart School, which is located in Rayagada Odisha. After completing his intermediate studies, Ritesh joined the Indian School of Business and Finance in Delhi to complete further studies.
However, to start his business, he did not complete his further studies and left the college in half. Ritesh was very inspired from Bill Gates, Steve Jobs and Mark zuckerburg from an early age.
Today, Ritesh is an Indian entrepreneur who started his business career at the age of 17, which very few people are able to do at a young age.
Ritesh Agarwal Height weight Age personal information
- Real Name: Ritesh Agarwal
- Nick Name: Ritesh
- Date of Birth: 16 November 1993
- Age: (as in 2021) 28 Years
- Birth Place: Cuttack, Odisha, India
- height (approx.) in centimeters: 175 cm in meters – 1.75 m in feet inches – 5 ‘9 ”
- Eye Color: Black
- Hair Color: Black
- Zodiac: sign Scorpio
- Nationality: Indian
- Home town: Cuttack, Odisha, India
Girlfriend, Affairs and wife
- Marital Status Unmarried Affairs / Girlfriends Not Known Wife / Spouse N / A
Ritesh Agarwal Net worth
- Net Worth As in March 2017, OYO Rooms’ net worth is nearly $ 500 Million
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Making of OYO Rooms Success Story
Ritesh was very fond of visiting new places. He got a lot of opportunity to roam and he has roamed many places in the world. And while traveling, Ritesh had to face a lot of issues related to making arrangements to stay. Like, sometimes they used to get a lot of useless place by paying a lot of money and sometimes they used to get a very good place for less money too.
A lot of similar experiences inspired Ritesh and he decided that he would start an online rooms booking community so that customers would have a good living space. At the age of 18, Ritesh started Oravel Stays Pvt. Ltd. commenced. Oravel is a start-up platform that makes a list of hotels in every place and makes their booking in the budget of the people in half price.
But after a few days, Ritesh realized that he only gives the rooms to the people for half the price, but he is unable to fulfill them by ignoring the pleasure of the customer Therefore, in the year 2013, Ritesh changed the name of Oravel Stays to OYO Rooms, in which, along with comfortable rooms at low prices, the customer is taken care of all kinds of amenities and breakfast is also given for free.
Ritesh Agarwal has been named in the Forbes List “30 under 30” in the consumer tech sector. He has also received numerous awards such as “Top 50 Entrepreneurs in 2013 by TATA First Dot Powered by NEN Awards”, “8 Hottest Teenage startup founders in the World by Business Insider”, “TiE-Lumis Entrepreneurial Excellence Award in 2014″, ” Business World Young Entrepreneur Award in 2015 ”.
Initially, Ritesh had to face troubles, yet he had to fulfill his heart’s desires, so he went ahead without stopping. Money is the most important thing to start a business.
As I had already clarified that Ritesh belonged to a middle-class family, the problem of money was the biggest and that too for a student is very difficult to raise money
He started Oravel in 2011 from 1 hotel in Gurgaon by collecting Rs 60,000. His company was in need of financial support when he came to know about the 20 under 20 Thiel Fellowship which started in 2013 for two years which was started by Paypal founder Peter Thiel.
Through this fellowship, 20 entrepreneurs under the age of 20 are selected and are given a sum of $ 1,00,000. Ritesh was very happy to know about this fellowship and he applied for it. Ritesh was elected in the fellowship.
And Ritesh Thiel was the first person from India to be included in the Fellowship list. With the help of this money, Ritesh reached his OYO Rooms at a very high place.
After that, a lot of Venture company gave money to Ritesh and helped him in the financial situation. First Venture Nursery helped by giving funds, then Lightspeed Ventures, Sequoia and many more Ventures helped. In july 2015, SoftBank gave $ 100 million in funds to OYO Rooms.
After launching OYO Rooms from Gurgaon, this company launched 4,000 hotels in 160 cities in India and this number is increasing. Recently, this company has been launched in Malaysia.
Any hotels can be partnered with OYO Rooms, the owner of the hotel has to go to OYO’s webpage and apply, his OYO team contact the hotel and explain some things to them and explain the shares. And tells about the agreement.
Ritesh Aggarwal has also created an OYO Rooms App which is for Android and Windows Phone. Through this app, people can book hotels and rooms of their choice and budget.
Any hotels can be partnered with Oyo Rooms, the owner of the hotel has to go to OYO’s webpage and apply for the partnership. His OYO team contacts that hotel and explains to them about changing some things and shares. And tells about the agreement.
Ritesh Aggarwal has also created an OYO Rooms App which is for Android and Windows Phone. Through this app, people can book hotels and rooms of their choice and budget.
The name of OYO Rooms has become popular today with the name of India’s largest budget branded hotel chain and all this is the result of the hard work of Ritesh Agarwal. Becoming India’s top business man at the age of 21 is an example in itself, which will inspire millions of people to learn from Ritesh.
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