This ppt contains The life story of Ritesh agarwal , the Indian Entrepreneur who is founder of OYO rooms and has current net worth of 360 Cr and is world's 2nd youngest billionaire in 2020
2. • The OYO Way
• OYO's secret sauce?
They offer tasteful spaces, whenever you need them, at
unbeatable prices.
3. OYO Hotels & Homes was founded
by Ritesh Agarwal, the first
resident Asian to be accepted to
the Thiel Fellowship.
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
unbranded budget hotel category.
4. With this in mind, he started his entrepreneurial journey
by creating a listing platform for budget accommodations,
only to conclude that discovery alone will not solve this
problem.
Ritesh believed that everyone deserves a beautifully
designed, chic and comfortable living space. And everyone
deserves a better life.
He believed that he could change the way people live. He
did that by upgrading bland, generic spaces and places
and designing them with next-gen chic and design moxie
and offering them at varied price points. That’s how OYO
was launched in May 2013 (known as OYO Hotels &
Homes now).
On
Your
Own
5. BEFORE HIS LIFE AS AN ENTREPRENEUR :
Born on November 16, 1993, in Bissam
Cuttack in Orissa and belong to a business class family.
Interestingly, he had started coding when he was just eight years old and by
the time he reached his 10th grade, he had a keen
interest in software and made up his mind
that he wanted to take up coding for a living.
In 2009, during his coaching for IIT, started writing a book– ‘Indian
Engineering Colleges: A Complete Encyclopedia of Top 100 Engineering
Colleges’.
This book turned out to become huge on Flipkart and was sold out in a
while too. When he turned 16 , Ritesh was chosen among the 240 children
to be a part of the Asian Science Camp held at the Tata Institute of
Fundamental Research (TIFR) in Mumbai.
7. AWARDS AND RECOGNITION :
First resident Asian to win Thiel Fellowship,
2013.
Top 50 Entrepreneurs in 2013 by TATA First
Dot
powered by NEN Awards.
Named as one of the '8 Hottest Teenage Start
Up Founders in the World' in 2013 by Business
Insider.
TiE-Lumis Entrepreneurial Excellence Award in
2014 & Business World Young Entrepreneur
Award in 2015.
8. 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.
By September 2018, the company raised $1 billion.
In July 2019 it was reported that Agarwal purchased $2 billion in shares in
the company, tripling his stake.
His net worth in 2020 was estimated to be approximately $1.1 billion (INR
7253 crore) according to Hurun Rich List 2020.
He is currently the second youngest self-made billionaire in the world.
SUMMARY :