Ritesh Agarwal – Success Story of India’s Youngest CEO
Ritesh Agarwal – Success Story of India’s Youngest CEO: The Ritesh Agarwal Biography & Success Story in Hindi. Doing business is not just about everyone. It is very important to have a business mind to do business. Only a business done with hard work, true dedication and complete dedication becomes successful.
And to get success in business, a common man needs marketing experience, he should have the ability to solve all kinds of problems, and to accomplish all these things, half of a person’s life passes, then he becomes a successful person. Becomes a business man.
But proving this thinking to be false, Ritesh Agarwal, the founder and CEO of OYO Rooms of India, has achieved great success in business at the age of 21 years. Know how??? Let us know about the real story behind Ritesh Agarwal’s successful business man in this article today.
Biography of Ritesh Agarwal
Ritesh Agarwal Success Story in English
Ritesh Agarwal was born on 16 November 1993 in Bissam Cuttack, Odisha. He belonged to a middle-class Marwari family. There are mother, father and three brothers in his family. The ability to do business will be in his rome. His father works closely with Infrastructure Corporation and his mother is a housewife.
Ritesh Agarwal – Success Story of India’s Youngest CEO
Name Ritesh Agarwal
Father’s name Not Known
Wife (Wife Name)
Height 5′ 9”
Eye Color Black
Hair Color Black
Date Of Birth (date of birth) 16 November 1993
Birth Place Raygada, Odisha, India
Zodiac Sign (Zodiac) Scorpio
Hometown Bissam Cuttack, Rayagada, Odisha
College Indian School of Business and Finance, Delhi
Ritesh completed his studies from Sacred Heart School which is located in Rayagada Odisha. After completing his intermediate studies, Ritesh enrolled in the Indian School of Business and Finance, Delhi to complete his further studies.
However, to start his business, he did not complete his further studies and left the college in half. Ritesh was very much inspired by Bill Gates, Steve Jobs and Mark Zuckerburg from a young age.
In today’s time, Ritesh is an Indian entrepreneur who started his business career at the age of 17, which very few people can do at a young age.
How OYO Rooms was born
Ritesh was very fond of traveling to new places. He got a lot of opportunities to travel and he has visited many places in the world. And Ritesh had to face many issues related to arranging accommodation while traveling. Like sometimes they used to live in a useless place even by paying a lot of money and sometimes they used to get a very good place in less money.
Many such experiences inspired Ritesh and he decided that he would start his own online rooms booking community so that customers get a place to live with good convenience. At the age of 18, Ritesh started Oravel Stays Pvt. Ltd. commenced. Oravel is such a start-up platform that makes a list of hotels present in every place and booking them in the budget of the people and gives them half the price.
But after a few days, Ritesh realized that he only gives rooms to the people for half the price, but ignoring the convenience of those customers, they are not able to fulfill them. That’s why in the year 2013, Ritesh changed the name of Oravel Stays to OYO Rooms, in which apart from comfortable rooms at a low cost, all kinds of amenities are taken care of to the customer and breakfast is also given that too for free.
Ritesh Agarwal’s name has appeared in the Forbes
Ritesh Agarwal’s name has appeared in the Forbes List “30 under 30” in the consumer tech sector. He has also received many awards like “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”.
Ritesh Agarwal had to face many difficulties to start his business. Starting a business is not a child’s play, it has to be started by keeping many things in mind.
In the beginning, Ritesh had to face difficulties, yet he had to fulfill the wishes of his heart, so he kept on moving forward without stopping. Money is the most important thing to start a business.
As I had clarified earlier that Ritesh was from a middle-class family, the problem of money was the biggest and that too for a student it is very difficult to juggle money.
He started Oravel in 2011 with 1 hotel in Gurgaon by juggling Rs 60,000. His company needed financial support when he came to know about the 20 under 20 Thiel Fellowship which was started in 2013 for two years which was started by Paypal founder Peter Thiel.
Through this fellowship, 20 entrepreneurs below the age of 20
Through this fellowship, 20 entrepreneurs below the age of 20 are selected and they are given an amount of $ 1,00,000. Ritesh was very happy to know about this fellowship and he applied for it. Ritesh was selected in the fellowship.
And Ritesh Thiel was the first person from India to be included in the list of Fellowship. With the help of this amount, Ritesh reached his OYO Rooms to a very high position.
After that, many venture companies gave money to Ritesh and helped him for his financial condition. First Venture Nursery helped by giving funds, then Lightspeed Ventures, Sequoia and many more Ventures helped. In july 2015, SoftBank gave $100 million to OYO Rooms.
After starting OYO Rooms from Gurgaon, this company has launched 4,000 hotels in 160 cities across India and this number is increasing. Recently this company has been launched in Malaysia.
Any hotel can partner with OYO Rooms
Any hotel can partner with OYO Rooms, for partnership, the owner of the hotel has to apply by going to the webpage of OYO, his OYO team contacts that hotel and explains to them about changing some things and shares. and tell about the agreement.
Ritesh Agarwal 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.
Today the name of OYO Rooms has become famous as India’s biggest budget branded hotel chain and all this is the result of hard work of Ritesh Agarwal. Becoming India’s top business man at the age of 21 is an example in itself, which will inspire crores of people to learn from Ritesh.
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