What did Ritesh Agarwal study?

Ritesh Agarwal was born in Rayagada, Orissa. He went to the Sacred Heart School in Rayagada. Right from his school days, Ritesh was inclined towards computers, software and coding.

Is Ritesh Agarwal a MBA?

27-year-old Ritesh Agarwal is no newcomer to success, but also tribulations in the business world. Rather, the entrepreneur dropped out of college to chase his dream, instead of waiting for 'experience' or even that coveted MBA to get it all.

How did Ritesh Agarwal start his business?

Career. Agarwal started a budget accommodation portal, Oravel Stays, for booking budget hotels. It was accepted into the accelerator program by Venture Nursery in September 2012, and later was one of the winners of the 2013 Thiel Fellowship program, receiving a grant of $100,000.

Is Ritesh Agarwal is an Iitian?

Ritesh Agarwal, OYO Rooms

He is not only the first Indian to win the Theil Felloship but also found a mention in Forbes 30 under 30 Young Achievers List. And, he did all this without going to IIT. Infact, he dropped out of Indian School of Business and Finance, Delhi.

What made Ritesh Agarwal successful?

Ritesh Agarwal a 25-year-old billionaire from India is the founder and CEO of the world's most affordable hotel chain, OYO. He started his journey at the age of 20 with a vision of creating a solution for people looking for affordable hotels around the globe and he is on the path of success to achieve his goal.

Biography of Ritesh Agarwal, Young Indian entrepreneur and CEO of OYO Rooms, Know his success story

When did Ritesh started coding?

Born in Bissamcuttack, a village in Rayagada district of Odisha, Ritesh started coding software when he was eight years old. At 16, Ritesh was among 240 children selected to be part of the Asian Science Camp held at the Tata Institute of Fundamental Research (TIFR) in Mumbai.

How did Ritesh Agarwal start OYO Rooms?

Agarwal started his entrepreneurial journey when he was 17 years old. Ritesh started Oravel Stays, a budget accommodation portal for booking budget hotels. Oravel Stays was an aggregator of break and bed for stays across India. Then he launched as OYO Rooms in May 2013.

What is OYO full form?

OYO Rooms: On Your Own Rooms

OYO Rooms stands for On Your Own Rooms. It is India's largest hotel network which is spread over 199 cities. It is headquartered at Gurugram in Haryana. It aims is to become world's most loved hotel brand.

Which fellowship did Ritesh receive?

BANGALORE: 19-year-old Indian entrepreneur Ritesh Agarwal has been selected for the Thiel Fellowship. The fellowship selects 20 under-20 achievers and provides them a no-strings-attached grant of $100,000 (about Rs 55 lakh) to drop out of college and focus on their work, research or self-education.

What does Ritesh Agarwal father do?

Ritesh Agarwal has his Mother, father and also has siblings but much his family members is not known as much of the information is personal and private. Ritesh Aggarwal Father does job in infrastructure Corporation and his mother is a housewife.

How did Ritesh Agarwal get funding?

His early efforts did not go unrecognized and landed him a Thiel Fellowship, a two-year program from PayPal co-founder Peter Thiel that grants 20 teenage entrepreneurs $100,000 and the mentorship of trailblazers like Facebook's Mark Zuckerberg and SpaceX's Elon Musk.

Is OYO running in loss?

According to the top hotel industry body, since its inception in 2013, Oyo has been running in losses and its total turnover fell a drastic 69 per cent from Rs 13,413 crore in 2020 to Rs 4,157 crore in 2021. "Oyo is a company that has consistently registered losses since its inception.

Is Ritesh Agarwal on Instagram?

Ritesh Agarwal (@riteshagar) • Instagram photos and videos.

What is the salary of Ritesh Agarwal?

According to the Draft Redding Herring Prospectus Oyo filed on Friday, the salary of the firm's founder Ritesh Agarwal rose eightfold to Rs 1.62 crore in financial year 2020-21 from Rs 21.5 lakh the previous year.

What is OYO famous for?

India's largest budget hotel chain, OYO rooms is one of the most preferred hotel booking destinations for a vast majority of students in the country. The rise in popularity of OYO among students is attributed to the extremely flexible booking policies which accommodate special requests and needs of the young guests.

What does OYO mean in English?

Also found in: Dictionary, Encyclopedia, Wikipedia. Acronym. Definition. OYO. On Your Own.

Why did Ritesh moved to Kota?

Agarwal moved to Kota in the northern Indian state of Rajasthan soon after finishing his school studies to get coaching to enter the prestigious Indian Institute of Technology (IIT) and would travel to nearby Delhi over the weekends.

How did Ritesh Agarwal become a billionaire?

OYO stands for 'On Your Own' and raised $1 billion in September 2018 and a year after that in July 2019 Ritesh Agarwal bought another $2 billion shares in the company which tripled his already existing shares.

Is Ritesh Agarwal a software engineer?

Ritesh Agarwal - Software Engineer - Google | LinkedIn.