It always seems impossible until it’s done
Ritesh Agarwal is an Indian entrepreneur, billionaire, and the founder & CEO of the country’s largest hospitality chain, OYO Hotels & Homes.
He has achieved various milestones in his life from becoming the youngest millionaire in India to Second Youngest Billionaire in the World.
Also Read: Achievements of OYO Founder
1 The largest hotel chain in China & India - OYO
He is the man behind How Oyo is revolutionizing the hospitality industry.
Starting with just 1 hotel in 2013 in Gurgaon, today, OYO has spread in more than 800 cities, with more than 23,000 hotels, 850,000 rooms, and 46,000 vacation homes, worldwide.
2 World's Second Youngest Billionaire
Oyo founder Ritesh Agarwal has been named the youngest Indian in the rich list with a net worth of $1.1 billion (Rs 7,800 crore) according to Hurun Global Rich List 2020.
Interestingly, his net worth has increased by Rs 300 crore since last year.
3 Comes with a Unique Business Idea
He comes with the idea of the hotels & room booking process like OYO that had not been built before.
4 He Comes from a Simple Family Background
- He proved that family background is not the hurdle between success & you.
- He used to work with SMEs and tried to bring them sales.
- But his Second Business Venture proved a Big Hit in the Market.
5 Hard Work always counts
Making the OYO, a brand is not an overnight success for Ritesh
- To Gain Funding Ritesh tried hard to convince the VCs to fund his venture. However, Everyone interpreted his venture idea of OYO as a real estate business on the initial level.
6 Determined to fulfill his Dreams
- Ritesh Agarwal was not confident about his studies:
He once said, “I knew if I had gone to college, I would not have done well. And then my family would hate me. So I felt if my family was to hate me anyway, I would rather do what I feel very excited about!”
- He failed six times before succeeding:
Ritesh said, “If you have not failed, you have not hardened yourself.”
Read the blog: Why to Inspire from Ritesh Aggarwal
7 Risk Taker
Mr. Agarwal is a college drop out. He left college at the age of 17 for his first startup named Oravel travels.
As most of the youth in India, he came from Odisha to Delhi to pursue engineering but he rather chose his business startup.
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