- Founder of OYO Ritesh Agarwal is from a Marwari business family, he is from one of the youngest Entrepreneurs and Business men of india, he wanted and started a hospitality business and now he is one of the youngest multi millionaire of India. His life is always an inspiration for everyone, Today I will tell you 5 things & moments from his life story that always inspired me.
- And also you will get one more information about him as a bonus post at the end of this page.
Here are the 5 inspirational moments of Founder of OYO
1 I want to become an Entrepreneur
Ritesh Agarwal was born in November 1993.
When people asks for what do you want to be in future? Normally many of us say I want to be a doctor, engineer, teacher etc. But he said I want to be an entrepreneur, he didn't knew it so he just fall behind this word and started to exploring about enterpreneurship and readed about many entrepreneurs, businessmen and followed them. This is the most interesting and inspirational fact of his life.
2 Love for Coding
he started to coding when he was just 8, some basics of it he learned in school and by the time he became so interested in computer softwares, he also learned some from his brother's programming language book and many of them he managed to learn from Google, He fell in love with coding & Programming, and he decided to do it for living.
3 Leaving the University
Preparing for IIT and then in 2011 he enrolled in The University of London’s International Programme provided by the Indian School of Business and Finance, Delhi, and left it in just 3-4 days, because of his dream of being an Entrepreneur, he said - "I was sure of my career path since I was young, I only wanted to become an entrepreneur.” He started spending most of his time to know more about entrepreneurship and in traveling, for this he used to stay in budget hotels than he realized the problems of the travellers to finding a good accommodation at a low budget is difficult, then he decided to find a solution for this, in 2012 "Oravel Stays" was founded by him for hospitality services online, after some time he secured a funding of 3million rupees from Venture Nursery.
" Oyo Rooms is the fastest growing hospitality network of the world, Hard work and determination is the key for his success."
4 Become first Indian to Winning "The Thiel Fellowship"
Thiel Fellowship is a fellowship program gives financial help to college dropouts within the age of 18 to 23, who wants to make something new instead of studying only for college degrees . It is started by Peter Thiel, through Thiel Fundation he is Co-founder of PayPal , also an outside investor in Facebook.
Ritesh Agarwal Founder of OYO is the first Indian and Asian to become the winner of Thiel Fellowship, he presented his idea of the business and won an award of 100000$ from there, this helped him to transforming "Oravel" to "OYO".
5 Crafting The "Ideation" Growing International
After getting the fellowship still the business model was not picked up, then He went back to ideation phase and figured out the problem and its solutions. Did many changes and transformed it, In 2013 he relaunched the "OravelStays" as " OYO Rooms" and today in 2019 his company became the world's fastest growing a global hospitality network working successfully in 24+ countries & having a Net Worth of more than 35000+ Crores. He targeted most of the small businesses, gave them a label name.
His hard work and rare business model made his dream come true for being an entrepreneur. Ritesh agarwal's 5 life moments that gives an inspiration to me and to the youth of India.
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