Success Story: It is said that if you really want something, it tries to make it happen for you. Ritesh Aggarwal of OYO Rooms has proved this to be true despite the dialogue in the film.
You can imagine that a boy who started a company after studying at the age of 17 has become a company worth thousands of crores today.
Ritesh Agarwal was born in Bisam Cuttack, a small village in Odisha. Ritesh Aggarwal was born on 16 November 1993 in a small village Bisam Cuttack in Odisha.
Oyo Rooms founder Ritesh Hurun has also joined the Global Rich List. According to this list, Agarwal is the youngest billionaire in the world. You can gauge his success from the fact that Agarwal had a net worth of around Rs 7,800 crore at the age of just 24.
A business idea from a hobby
Before starting Oyo Rooms, Ritesh started an online room booking company called Oraval Stays in 2012. Ritesh’s idea was so unique that Gurgaon-based Manish Sinha invested in Orval and became a co-founder.
At the same time, Ritesh changed the company to Oyo Rooms in 2013. It is said that Ritesh is very fond of traveling and this hobby led him to a unique business idea.
It was around 2009 when he got an opportunity to go for a walk in the mountains. As he moved around he realized that arranging the room was a lot of trouble.
Sometimes you get a bad room by paying more and sometimes you get a better room by paying less. This is where a unique business idea was born in his mind and he created a successful company in the form of Oyo Rooms.
Ritesh did his initial education at a school in his own district and then moved to Delhi for further education.
In Delhi, Ritesh joined the Indian School of Business Academy but had something else going on in his mind and dropped out.
Ritesh has been idolizing Vedanta’s Anil Agarwal, Steve Jobs, Mark Zuckerberg, and Bill Gates since childhood.
Ritesh is currently leading a team of people educated from institutes like IITs and IIMs. In an interview, Ritesh said that in India, dropouts are mocked and not considered intelligent at all.
He expressed confidence that some more will make a name for themselves in India in the next few years.
Another shocking fact about Ritesh Agarwal is that he is very popular in China. Ritesh Agarwal is known as Li Tai Shi in China.
27-year-old Ritesh, who founded Oyo as China’s largest hotel company, learned Mandarin, considered the world’s toughest Chinese language, in a matter of months.
According to information, Oyo Rooms raised $1 billion in investment in 2018. According to media reports, Ritesh tripled his stake in Oyo Rooms in July 2019.