Who is the owner of OYO?

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

Is Ritesh Agarwal a billionaire?

In the year 2020, Ritesh Agarwal's net worth was around INR 7,253 crore which is $1.1 billion dollars making him the world's youngest self-made billionaire after the effervescent Kylie Jenner. The company has more than 72,000 rooms in 8000 hotels across 250 towns in India.

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 Ritesh Agarwal Indian?

At 22, Ritesh Agarwal is one of the youngest people at his company OYO Rooms. He is also the founder and CEO. An Indian national, Agarwal skipped out on college as part of the Thiel Fellowship, a program funded by billionaire tech investor Peter Thiel to provide grants to a handful of teens pursuing business ideas.

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.

Youngest Billionaire of World| OYO Rooms | Ritesh Agarwal | Inspirational | Nas Daily

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.

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.

What is the qualification of Ritesh Agarwal?

He graduated from St. Johns Senior Secondary School and moved to Delhi in 2011 for college. He dropped out of college, and was selected for the Thiel Fellowship (started by Peter Thiel) in 2013.

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 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.

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.

Who is youngest billionaire in India?

The life story of Vijay Shekhar Sharma, is no less than a feature film. From being a son of a school teacher hailing from a small city in northern parts of India to becoming the richest and the youngest billionaire of India, his journey is truly an inspiration for most of us.

Why is Ritesh Agarwal so 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.

Is Ritesh Agarwal from IIT?

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 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.

Is OYO profit making?

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?

Origins. Agarwal first attempted to combine technology with hospitality in his late-teens, when he launched Oravel Stays, an online portal for guest houses and vacation rentals. In short order, however, he realized the world could do with one less booking platform.

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.

What is the world's biggest hotel chain?

Marriott - the world's biggest hotel chain

Marriott has a global presence in 110 countries, where there are over 5,700 properties spread across 30 brands, including the Sheraton brand, which is the third biggest revenue generator in the company's portfolio.

Who developed OYO app?

Ritesh Agarwal's solution is a booking app that promises truth in advertising and branded hotels that don't deliver unpleasant surprises. The chain he started in 2013, Oyo Hotels, has already become the largest in India, a chaotic market worth $4.5 billion, according to New Delhi-based researcher Hotelivate.