What does Ritesh Agarwal do?

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Ritesh Agarwal/Professions

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.

Is Ritesh Agarwal from IIT?

Ritesh Agarwal, the man who would go on to disrupt India’s hotels’ sector (a market worth less than $7 billion back then) was born on November 16, 1993, in Bissam Cuttack, Odisha.

Is Ritesh Agarwal billionaire?

Ritesh Agarwal’s Journey so far… From a small-town boy who used to sell SIM cards in Odisha, Ritesh Agarwal became one of the world’s youngest self-made billionaires. He featured in the Hurun Rich List 2020 with a net worth of $1.1 billion.

Is Ritesh Agarwal from rich family?

Ritesh Agarwal was born in a Marwari family in Bissam Cuttack, Odisha, India and brought up in Titilagarh. Ritesh comes from a family that used to run a small shop in Southern Odisha. At the age of 13, he started selling SIM cards.

What is the income 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.

Why is Ritesh Agarwal successful?

Ritesh started his journey by launching Oravel Stays, which helped people to locate and book affordable hotels near them. This directory of affordable hotels was helping travellers to find pocket-friendly hotels but it was not serving the purpose for which Ritesh started this company.

How Ritesh Agarwal got the idea of Oyo?

Ritesh Agarwal has been a wayfarer himself and travelled across the country before launching OYO and during such travels he discovered the problem with budget hotels. Thus at the mere age of 17, he launched Oravel travels, which he modelled after Airbnb. However, it later branched out to become OYO rooms.

What is the qualification of Ritesh Agarwal?

Ritesh Agarwal (OYO Founder) Age, Wife, Family, Biography & More

How Ritesh Agarwal started Oyo?

Career. 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.

Who is Ritesh Agarwal and why is he famous?

Ritesh Agarwal is the inspiration to all the youth of the world who think of becoming an entrepreneur. We get to learn a lot from his biography to become a successful entrepreneur. Ritesh Agarwal is one of the most famous and accomplished young Indian entrepreneurs. He is the founder and CEO of OYO Rooms, a highly valued startup in India.

What is the case between Ritesh Agarwal and Oyo?

He entered into an agreement with Ritesh Agarwal in June 2017, where Oyo would give them reservations and take 20\% of the share and give him 80\%, but Agarwal and his representatives had taken 80\% of the share instead of 20\%. He accused Ritesh and his representatives of cheating him of more than Rs. 1 Crore.

Who is eritesh Ritesh?

Ritesh comes from a family that used to run a small shop in Southern Orissa. At the age of 13, he started selling SIM cards. 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 in 2013.

What is the net worth of Rishi Agarwal in 2020?

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 (₹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.