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Oyo rooms
1.
2. INTRODUCTION
Ritesh Agarwal is an Indian entrepreneur,the
founder and CEO of OYO Rooms - the fastest
growing Branded network of hotels offline &
online.
He started his entrepreneurial journey at the
age of 17 and is considered to be one of the
youngest CEOs in India.
3. HOWDID HIS JOURNEY BEGINS ?
Born on November 16, 1993, in Bissam
Cuttack in Orissa and belong to a business
class family.
Interestingly, he had started coding when he
was just eight years old and by the time he
reached his 10th grade, he had a keen
interest in software and made up his mind
that he wanted to take up coding for a living.
4. In 2009, during his coaching for IIT, started
writing a book– ‘Indian Engineering Colleges:
A Complete Encyclopedia of Top 100
Engineering Colleges’. This book turned out to
become huge on Flipkart and was sold out in a
while too.
When he turned 16 , Ritesh was chosen among
the 240 children to be a part of the Asian Science
Camp held at the Tata Institute of Fundamental
Research (TIFR) in Mumbai.
5.
6. PROFESSIONAL LIFE
In 2011, Ritesh moved to Delhi with intentions of
starting up something of his own and at the same time
to prepare for SAT to move to the US for further
studies.
He had joined the University of London’s indian
campus, but just after three days of joining he felt that
he couldn’t continue.
Soon, he started travelling extensively across india at
the age of 17 and stayed in PG’s , budget hotel due to
his stay experiences he felt to launch Oravel stays in
2012.
7.
8. ORAVEL TO OYO ROOMS
Oravel Stays Pvt. Ltd was his first startup in
the year 2012. Oravel was designed as a
platform to enable listing and booking of
budget and premium accommodations.
In simpler terms, it was meant to be
destination for short and midterm rentals for
bed and breakfast joints, private rooms and
serviced apartments.
9. Soon, Agrawal realised that just a combination
of bed and dinner would not fulfill the
expectations of budget travelers in India so he
transformed Oravel stays to OYO ROOMS,
2013 with the key proposition of offering
affordable and standardized accommodation.
10. Contd…
OYO Rooms is India's largest branded network
of budget hotel chain .It currently operates in
more than 160 Indian cities including major
metros, regional hubs, leisure destinations and
pilgrimage towns ,with a current valuation of
nearly 360Cr.
11.
12. OYO Rooms mobile app has been launched
downloaded more than 160,000 times and
more than 20,000 bookings have been made
so far.
The app ranks amongst the best-rated apps on
Google Play Store and has also been listed as
one of the top three apps in the ‘Travel &
Local’ category.
13. AWARDS AND RECOGNITION
First resident Asian to win Thiel Fellowship, 2013.
Top 50 Entrepreneurs in 2013 by TATA First Dot
powered by NEN Awards.
Named as one of the '8 Hottest Teenage Start Up
Founders in the World' in 2013 by Business Insider.
TiE-Lumis Entrepreneurial Excellence Award in
2014 & Business World Young Entrepreneur Award
in 2015.