Twenty-six-year-old Ritesh Agarwal is rated amongst India’s most celebrated younger entrepreneurs. Born in Odisha, he comes from a middle-class enterprise family.
Ritesh began promoting SIM playing cards at the age of thirteen for survival. Determined to take a unique route for his life, he determined to journey throughout India on a shoestring budget, and noticed an chance to deliver order to the hospitality industry.
At the age of 18, Ritesh began a price range lodging portal known as Oravel Stays to e book finances hotels, which was once later renamed and launched as OYO Hotels & Homes in May 2013.
In September 2018, OYO raised $1 billion led with the aid of SoftBank Vision Fund. In July 2019, it was once stated that Agarwal bought shares really worth $2 billion in the company, tripling his stake. Currently valued at $10 billion, Ritesh-led OYO has elevated to over 800 cities in over eighty countries, and claims to have hosted over 50 million company so far.
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