Who is OYO owner?

Ritesh Agarwal is an Indian billionaire entrepreneur who is the founder and CEO of OYO Rooms.

Who is the real owner of OYO?

Ritesh Agarwal is the founder and CEO of OYO Hotels & Homes. Travelling across India at the age of 17, Ritesh stayed in more than 100 bed and breakfasts, guest houses, and hotels to realize there was a massive dearth of affordable and good-quality hotels in the budget hotel category.

Is OYO owner a billionaire?

Ritesh Agarwal is an Indian entrepreneur, billionaire, and founder and CEO of Oyo Rooms.

What is the full form OYO?

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. OYO has more than 6500 hotels which offer standardized and comfortable stay at an unmatched price.

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.

इन 7 Strategies ने OYO को बनाया 35000 करोड़ का मालिक | OYO Case Study | Dr Vivek Bindra

How many countries is OYO?

As of January 2020, it has more than 43,000 properties and 1 million rooms across 800 cities in 80 countries, including India, Malaysia, UAE, Nepal, China, Brazil, Mexico, UK, Philippines, Japan, Saudi Arabia, Sri Lanka, Indonesia, Vietnam, and the United States.

Is Ritesh married to Rakhi?

In 2019, Rakhi tied the knot with Ritesh. However, it was later revealed that their marriage was legally invalid as he was still married to his estranged first wife Snigdha Priya. Speaking to ETimes about whether she had a feeling that Ritesh will leave her after Bigg Boss 15, Rakhi said, “Hmmm... yes.

Is Ritesh Agarwal from IIT?

Ritesh Agarwal

Ritesh Agarwal founded 'OYO' in 2013 at the age of 19. He couldn't clear the IIT entrance either, but that didn't stop him from achieving his dreams. Hailing from Odisha, his family used to run a small shop there. He was later selected for the Thiel fellowship in 2013.

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.

How much is Ritesh Agarwal worth?

His net worth in 2020 was estimated to be approximately $1.1 billion (₹7253 crore) according to Hurun Rich List 2020. As of February 2020, he is the second youngest self-made billionaire in the world after Kylie Jenner.

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.

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 OYO making profit?

OYO has weathered net losses since its inception in 2013. It may not be profitable yet, but the company did manage to narrow losses from ₹12,799 crore in 2020 to ₹3,929 crore in 2021. Atop that burden, its total income decreased catastrophically by 69% from ₹1,3413 crore in 2020 to ₹4,157 crore in 2021.

How Ritesh Agarwal started OYO?

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.

Is Ritesh real husband?

Ritesh Singh admitted that he is still legally married to Snigdha Priya and said that he would formally marry Rakhi Sawant the day his divorce gets finalised.

What does Ritesh Rakhis husband do?

Ritesh profession

Although there is no official confirmation on this but, as per Ritesh claimed in Bigg Boss 15 he is a Belgium based software engineer who works in a multinational company and is a businessman by profession. In 2019 Rakhi also claimed marrying a NRI in private ceremony.

Who is Ritesh Singh?

About. Ritesh hails from Chapra, a small township in Bihar and came to Delhi after getting selected in IIT-JEE entrance in 2008. After graduating from IIT Delhi, he joined Bosch R&D as a Senior Engineer and earned two patents in the process.

Is OYO a Chinese company?

Ritesh Agarwal made OYO, China's largest hotel chain and he did so by operating OYO as a Chinese company. Agarwal picked up Mandarin – which is called as one of the world's toughest languages within a few months. OYO is present in over 337 cities and has 500,000 rooms in China.

Is OYO a failure?

The issues between the two companies date back to 2015 after merger talks between Zo Rooms and Oyo failed. In March this year, a Supreme Court-appointed arbitrator said Oyo was in breach of its agreement for the acquisition of Zo Rooms, adding the latter can proceed to execute the definitive agreement.

Is OYO a 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.