Name Ritesh Agarwal
Profession OYO Rooms founder
Date of Birth 16 November 1993
Hometown Cuttack, Odisha, India
He was born on 16 November 1993, in a Marwari business family of Bisam, Orissa.
Ritesh Agrawal studied up to his or her 12th in Orissa and after that, he decided to do engineering and he came to Kota where he preferred to walk in the free time after his studies.
Gradually Ritesh’s interest started increasing in travel. During this time, he had to face many problems with the stay, due to his being a business-minded childhood. He would have been able to give these experiences a business, perhaps because Riteesh left his studies in the middle.
ORAVEL STAYS PVT. LTD. To OYO ROOMS
In 2012, Ritesh laid the foundation of his first start-up Oravel Stays. Ritesh’s business company was operating according to its planning, whose main goal of the company was to provide good rooms at cheap prices to the passengers. Which could easily be booked online, the best part was that they got a fund of Rs 30 lakh from the venture nursery investing in new startups.After which, Ritesh placed this business idea in front of the global competition Thal Fellowship. After which he got the help of 66 lakh rupees.
According to Ritesh, he was very serious about his startup, and Ritesh got very excited with the success of his new startup. In a short span of time to make him a better holder in the business and he got his startUp and up, working closely and carefully.
But Riteish’s business model was not able to get the same benefit, and Ritesh’s first start-up went into a constant loss.
Ritesh was thinking like, just like using his own understanding to pursue business.
The situation of the company was becoming more and more useless day by day.
Eventually, Ritesh had to shut down this company in compulsion, but they did not lose courage even after the company shut down.
But by taking inspiration from it, they again considered their own ideas and decided to pursue the business startup.
And the passengers again thought about making good rooms available in low budget, along with many major changes in the facilities of the passengers in Oreg Stays, followed by Oraval in year 2013.
But changing the name to Oyo Rooms which means “your own room”.
The purpose of which is to provide the best facilities to the passengers at low prices.
Ritesh move helped them to succeed and only a few months after the start of the company, they also got a fund of 30 lakh from Venture Nursery.
the company launched about 4000 hotels in about 160 cities in India. Recently OYO Rooms has been launched in Malaysia. Ritesh Agarwal also launched an OYO Rooms app for Windows and Android phones. With the help of this app, people can easily book hotels and rooms as per their budget and preferences. Today OYO Hotels is known to be India’ largest budget branded hotel chain.