26 Years Old Ritesh Agarwal is Founder & CEO of OYO Rooms and Ritesh Agarwal Education Qualification is High School and He is College Dropout. Ritesh has done something unique at a time when others had not even thought about it – a hotel booking software that will assure a room for anyone in their favorite hotel at competitive prices. His success was not easy. Here are 7 interesting facts about him.
1 If Ritesh had not chosen a different route, he would not have a company but a shop.
Ritesh Agarwal is from Rayagada, Odisha, India. Rayagada is a city where most people make no more than $10 a day. Ritesh was born in Southern Orissa. His family which used to run a small local shop. Only if Ritesh hadn’t chosen a different path, he would have been busy overseeing the shop rather than owning one of the world’s biggest hotel chain. He used to work with SMEs and tried to bring them sales. It was only in his second venture that the success showed up on his door.
2 Ritesh used to sell sim cards.
Ritesh grew up poor, but Ritesh was different from other children, he used to sell SIM cards when he was just 13.
Do you Know He is Coder and a great Technology Supporter, He started Coding when he was just 8.
When Ritesh is building his empire, he was changing the condition of the hotels for a great user experience, and He felt that everything was going right but he needed the easiest and fastest way to reach his hotels.
He gave hotels his brand name and now he started working towards technology, He created an app that allows the user to book in just 5 seconds with 3 clicks.
4 Ritesh was not so confident about his studies.
If we look at Ritesh Agarwal education background, Ritesh graduated from St. Johns Senior Secondary School and moved to Delhi in 2011 for college. He enrolled himself for the University of London’s International Programme provided by Indian School of Business and Finance. Ritesh, as a child was under-confident about his studies and doubted his capabilities to prosper as a student in college. So he always had something else planned to thrive in life. He knew his family would hate him for his bad results in college, so he decided to do what excites him. Ritesh never felt connected to the course and rather attended a number of entrepreneurship events. He never went back after reaching the breakthrough of Oravel Travels while he was just 17 years old.
College drop-out Ritesh started his entrepreneurial journey when he was just only 17 years old, he launched his first start-up, Oravel Stays Pvt. Ltd. in 2012. Oravel was designed as a platform to enable the listing and booking of budget accommodation. As an avid traveler, he soon realized that the budget hospitality sector lacked predictability and presented it to the consumer, who were very diverse.
Therefore, he introduced OYO Rooms in 2013 with a major proposal to provide affordable and standardized accommodation to anyone, looking for a place to live.
5 Ritesh failed six times
Ritesh acquired the Zo Rooms once, one of their main competitors in India, which is again a budget room network with over 45000 rooms. Now, believe it or not, it took him 6 BIG falls before he could reach to OYO!
6 Ritesh worked 16 hours a day.
During the building his empire of OYO, Ritesh worked 16 hours a day. Ritesh determination and willingness to create something with his own hard work took him to build this massive business.
7 Various Achievements of Ritesh Agarwal
- The first resident Asian to win ’20 Under 20’ Thiel Fellowship (2013)
- Named one of the Top 50 Entrepreneurs by TATA First Dot Awards (2013)
- Finalist of Global Student Entrepreneurship Awards-India
- Named one of the ‘8 Hottest Teenage Start Up Founders in the World’ by Business Insider (2013)
- Awarded the TiE-Lumis Entrepreneurial Excellence Award (2014)
- World’s Youngest CEO at 17(recognized at 16)
Ritesh Agarwal is our Xpert on entrepreneurship. From being one of the youngest entrepreneurs in India to launching a service that is disrupting the hospitality industry on a large scale, Ritesh is nothing short of a business star. Find Ritesh Agarwal story, Education of Ritesh Agarwal on Xpert . Xpert helps you follow, ask & learn from the best in every profession. Try it and use my invite code c517m to sign-up.