At just 18, Ritesh set up Oraval Stays in 2011, a hotel rental startup, which is now Oyo Rooms in a new avataar. Forbes estimates the franchise is now worth $415 million. The first on our list is Byju Raveendran, founder of the major ed-tech startup Byju’s Next on the list is Ritesh Agarwal -- CEO of Oyo Rooms Sachin Bansal, an ex-Amazon employee, teamed up with his friend Binny Bansal to start an Amazon-like marketplace for the Indian market in 2007, dubbed Flipkart Fifth on the list is Karan Bajaj, the founder of WhiteHatJr -- an ed-tech startup that aims … Ritesh Agarwal Founder OYO. OYO Hotels & Homes was founded by 26-year-old Ritesh Agarwal, the first resident Asian to be accepted to the Thiel Fellowship (started by Paypal founder Peter Thiel). Ritesh Agarwal of Oyo Rooms featured in the consumer tech segment. According to 5th Annual Forbes list under 30 list features 600 women and men, who are America’s most important young […] Checking In Forbes India | May 26, 2017. We like his ability to communicate and convince; he gives us confidence that he can execute,” says Sanjay Mehta, an angel investor in OYO Rooms and founder of MAIA Intelligence.The boy who once sold mobile SIM cards has had a prodigious career so far, even penning a book, The Encyclopaedia of Indian Engineering Colleges, at 17. 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Ritesh Agarwal was born on 16th November 1993 in Bissam Cuttack in the state of Odisha in India. The self-made billionaire was praised by US President, Donald Trump, when he was … 2020 Bentley Flying Spur Review: Superior comfort and … FREE DAILY NEWSLETTER. WATCH: Jadugar Anand’s blindfold stunt on motorbike in Bhubaneswar. And hence knowing the story is more important. A college dropout, who once wanted to sit for an engineering exam, Ritesh now heads among the most valuable start-up by a person who never studied beyond school. Ritesh Agarwal, founder of OYO Rooms, is the second youngest self-made billionaire in the world, according to the ninth edition of the Hurun Global Rich List 2020. Tags: Travel, Sequoia Capital, Lightspeed Venture Partners, Steve, Ritesh Agarwal, Forbes, Albrecht, Oyo, NACD, Association of Certified Fraud Examiners, Aditya Ghosh, Troy Alstead, United Nations FBI, American Accounting Association, Mohit Bhatnagar, Brigham Young University He. Like this story? I was 15 then. Ritesh Agarwal, founder, Oyo Hotels. Stanley Cups won during Samueli's tenure : One — 2007. Ritesh Agarwal | 22Founder, OYO RoomsCategory: Ecommerce The next time you stay in an OYO Rooms branded hotel and notice a tall, thin guy with tousled hair staying in the room next to yours, chances are you’ve spotted Ritesh Agarwal. OYO Rooms offered standardized services like free wife, breakfast, clean bed, Flat LEDs and much more. Born in Bissamcuttack, a village in Rayagada district of Odisha, Ritesh started coding software when he was eight years old. Paramita Chatterjee. He even sold sim cards to survive, afraid his well off family would end his entrepreneurial dreams and summon him back home to Odisha if they knew of his struggles. https://incredibleorissa.com/oyo-rooms-founder-ritesh-agarwal-in-forbes-list In the consumer tech segment is 22-year-old Ritesh Agarwal, the founder and CEO of OYO Rooms, billed to be the Airbnb of India. New York: 22-year-old Ritesh Agarwal, founder and CEO of Oyo Rooms, is among the 45 Indians or Indian-origin people who have made it to Forbes' … To visit our Archives, click here.). Forbes is a global media company, focusing on business, investing, technology, entrepreneurship, leadership, and lifestyle. Not at least to Ritesh Agarwal. The Forbes fifth annual ’30 Under 30′ list features 600 women and men, who are America’s “most important young entrepreneurs, creative leaders and brightest stars” and are “changing the world” across … OYO never got success overnight. He became the youngest chief executive officer (CEO) in India at his 17. Ritesh Agarwal | Pune Area, India | Business Development Manager - Maharashtra at Forbes Facility Services Pvt Ltd | 138 connections | View Ritesh's homepage, profile, activity, articles He received the business world young entrepreneur award in the year 2015. In September 2018, He raised a fund of $1 Billio… Entrepreneurship can’t be taught in college. The OYO Rooms Success plays a significant role in Ritesh Agarwal Wiki. Thank you for your comment, we value your opinion and the time you took to write to us! I had the same idea a little different 3 years ago but because of my age I was not able to capitalise on the idea. This attention to detail is paying off: OYO Rooms is the largest branded network of budget hotels in India, with over 4,000 hotels in more than 160 cities. With the help of, Jadugar Anand’s blindfold stunt on motorbike in Bhubaneswar. The firm supports hotel owners by training their staff in house-keeping and services, uniformity of supplies and technology integration. BTVi National Awards for Marketing Excellence: CEO of the year (2019) -Ritesh Agarwal; Forbes Tycoons of Tomorrow List; EY Entrepreneur of the Year 2018 – Services; StartAP Entrepreneur of the Year Award (2018) Dataquest IT Person of the Year (2018) Best Entrepreneur of 2018 by the International Hospitality Council (IHC) (2018) GQ India – 50 Most Influential Young Leaders … Forbes has termed Agarwal’s OYO Rooms as the Airbnb of India. The next time you stay in an OYO Rooms branded hotel and notice a tall, thin guy with This advertisement has not loaded yet, but your article continues below. The OYO Success Story. Investors have bought into his story. The company CEO Ritesh Agarwal founded six years ago has since secured investment from Airbnb, SoftBank Vision Fund, Greenoak Capital, Sequoia Capital and Hero Enterprise. https://www.forbes.com/pictures/56cbaa4ee4b062f6b59a425c/ritesh-agarwal When he was 17, Ritesh authored a best-selling book; The Encyclopaedia of Indian Engineering Colleges. A college dropout in a country where university pedigree is obsessed over, Agarwal has become an unlikely business star, with frequent appearances on televised award shows and a cover story last year in Forbes India. But still I have a lot more to come and make it usual for me to feature with them on such lists. Story continues below. “If you want to change the world, being under 30 is now an advantage,” Forbes said. Ritesh Agarwal Of Oyo Is Giving Budget Travellers A Variety Of Options Across The Country. The 26-year-old college dropout, Ritesh … … Click here to see Forbes India's comprehensive coverage on the Covid-19 situation and its impact on life, business and the economy​, (This story appears in the 19 February, 2016 issue of Forbes India. Designed by Peter Thiel, The founder of brand PayPal awarded a twenty two year old Indian college drop-out with a fund of $100, 000 which helped him to turn his dreams into a reality. You can buy our tablet version from Magzter.com. Ritesh Agarwal came up with an aggregator business model that helped OYO to get more reach. Highest-paid player : Ducks … "We're going to … He was named in the Forbes list of 30 under 30 in the consumer tech sector which in itself is such a great venture. Oyo Rooms founder (CEO), Ritesh Agarwal is just 22 years old. Worth: $1.1 Billion. 2. Agarwal graduated from the St Johns Senior Secondary School and used to sell sim cards from the age of 13. 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