FOR IMMEDIATE PRESS RELEASE
ODIA GUY MADE IT BIG
(A small town guy,hit the charts)
Every one wants to achieve fame and wealth in their life and they are being taught to strive for that from the beginning. But if you achieve and triumph the fame in your twenty’s, this makes you go head over heels.
It can be said that it is like a dream come true. The same can be quoted for Oyo Hotels founder Ritesh Agarwal. He has been crowned as the world’s second youngest self made billionaire. At the age of 24, his wealth is estimated to be around $1.1 billion ( ₹7,800 crore) in the Hurun Global Rich List 2020. Agarwal comes second, only after cosmetics queen Kylie Jenner who has amassed $1.1 billion but at the age of 22.Ritesh Agarwal, a college dropout started OYO Hotels in 2013, backed by SoftBank. And in no time he has already become the largest hotel chain in India and its valuation soared upto $10 billion dollars in 7 years. Now the startup expands to the US and Europe becoming the second largest chain in China, Oyo has sketched out, ambitious plans of becoming the world’s largest hotel chain in 2023.
Ritesh was born to a business family in Orissa and attended the Sacred Heart School in Raygada, Orissa. During the childhood days in Raygada, it was all about fun and learning for him. But Ritesh’s ways were rather unconventional and different from those of other kids. His fun elements included screwing around with the computer and electronic gadgets, trying hard to find opportunities to fix things in various ways so that he could learn new stuff. As a result, he gained a keen interest in softwares and tech stuffs.This started with the idea of knowing more about it and then the hunger just went on increasing. To quench his thirst to know more,he borrowed his elder brother’s books for programming. Some of the fun languages like Basic and Pascal were taught in school itself,and rest he managed to learn from Google. He had started coding when he was just eight years old. Hence, software had obviously become his first love. By the time he reached tenth grade, he had made up his mind and wanted to take up coding for eleventh.Later in 2011, Ritesh moved to Delhi with strong intentions of starting up something of his own.At the same time, he also prepared for SAT to move to the States for further studies. Butfortunately or unfortunately, SAT never happened. Being all influenced by entrepreneurs he started embibing all the ethics that they used to follow to be successful. So, Ritesh, later joined University of London’s course at Indian Business School. Just after three days of joining, he could not control his craving to kickstart his venture. He started his first venture known as Oravel in 2012 and the rest is history.
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