Who is the owner of OYO company, OYO owner Ritesh Agarwal information, Ritesh Agarwal Biography

 Who is Ritesh Agarwal

Who is the owner of OYO company

OYO owner Ritesh Agarwal information

Ritesh Agarwal Biography

Friends say that talent is never fascinated by age because if you have the passion and passion to do something big, then your age does not matter and this fact has been proved to be absolutely true by Ritesh Agarwal, founder of Ayo Rooms, who just At the age of 18, the foundation of India's largest hospitality company was laid.

 Also, if seen today, it has been many years since Ayo Rooms was doing business successfully. Along with Ritesh Aggarwal's age has also reached beyond 25, but from the beginning till today, the passion and passion with which Ritesh worked is the result of India as well as China, Malaysia, Nepal, United Kingdom, United, Arab Emirates, His company is also spread in countries like Saudi Arabia, Philippines, Indonesia and Japan and OYO has more than 450,000 rooms available in more than 500 cities of these countries.

 So friends, today we know in this video how this company started by a student has reached the point today that even the one who gives it competition does not wander around.

So friends, this story starts from 16 November 1993. When Ritesh Agarwal was born in Cuttack Bisa, a small town in Orissa and then after completing his 12th from the Secret Heart School in the district itself, he came to Kota to prepare for the entrance exam of IIT and came here. Apart from studies, he also liked to travel to different places with friends. While still living in Kota, he also wrote a book called Complete Encyclopedia of Top 100 Engineering Colleges and friends.

 At the age of 16, Ritesh was also selected for the Asian Science Camp organized at the Tata Institute of Fundamental Research in Mumbai and this There was a stage where students from all over Asia used to talk about a particular problem and help science and technology.

Apart from this, Ritesh was also very fond of reading about different startups and businesses. At the same time, he used to come to participate in different conferences in Mumbai and Delhi and this was the reason why Ritesh had to stay within his budget by reaching the hotel and friends used to save money in the same way. 

A business idea also went to Ritesh's mind and during this time he was also influenced by the model of a company named Air BnB, in fact Air Bnb was an online marketplace and hospitality service provider company in San Francisco and then after all the planning.

 In the year 2012, Ritesh started his first startup and the main objective of the company was to provide rooms for people at low prices which can also be booked online and friends Ritesh has acquired so much knowledge even before starting the company. Had taken

He knew everything how to get funding and how to proceed and this was the reason that very soon he got funding of Rs.300000 from Venture Nursery and friends Ritesh had enough money available to pursue the business . 

But friends Auraval Stage was such a startup in which hotels were arranged for the customer for less money. But the problem used to come here, their amenities and facilities were not being paid attention to and that's why gradually the popularity of Aurval Stage started decreasing and then Ritesh later after doing a good research on the shortcomings of Aurval Stage called this company OYO Rooms.

 Relaunched under the name and now this time along with low prices, full attention was given to the amenities of the passengers and friends now the standard of every OYO rooms was set, which all hotels have to follow and friends these After all the improvements, Ritesh Agarwal's company soon became the largest hospitality service provider in the country.

Friends, seeing the brilliant strategy of OYO Rooms, very soon the company got funding of several million dollars from Lightspeed Venture Partners BFG Consumer Partners, Sequoia Capital and Inox Capital and friends from here Ayo Rooms never looked back. Today OYO Rooms is covered in many cities not only in India but also in different countries.