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The story of Ritesh Agarwal is not about overnight success. Its a combination of patience, perseverance, determination, and desire to create something big.
5 Things that will motivate and inspire you about the OYO Rooms founder, Ritesh Agarwal.
College degrees are not the only way to succeed
Ritesh was born on 16 November 1993 in Bissam Cuttack, in Odisha state, India. He completed his schooling from Sacred Heart School, Rayagada. He dropped his college in the year 2012 to start his entrepreneur journey. Ritesh who once was preparing for the engineering entrance exam to get admission in IITs is today a CEO of OYO Rooms without studying beyond school. He encourages students to drop out of college when he goes to colleges for talks.
Self-studying can help you grow in life
Ritesh was a keen learner since childhood. He used to unscrew computers and play with it. It was fun for him but was also a path towards learning new things. While playing he discovered his interest in coding. To learn to code he borrowed his elder brothers programming books. He learned programming languages like Basic and Pascal at school. And to learn more he self-studied on Google. He believes coding is nothing but applying logic and one can code easily if one understands how to apply it. He packed his bags and moved to Kota just to learn to code. Later when Kota bored him he used to travel to Delhi. He used to attend events and conferences to meet entrepreneurs. This was when he started exploring his entrepreneurial world on his own.
Desire to create something big
In 2011, Ritesh moved to Delhi with a desire to start something of his own. He was preparing for the SAT exam at the same time but the SAT never happened. Ritesh during his travel used to observe that there aren’t good budget hotels for a common man. The entrepreneur in him made him start his first company, Oravel Stays, a portal for booking budget hotels across India. With his research he decided to upgrade the old business model and relaunched Oravel as OYO rooms. He made sure that budget hotels have all the basic amenities such as clean linen, good hospitality. Today OYO is amongst the top hotel chain in the world. No doubt dreams do come true.
Stay Updated – Leverage technology
Ritesh always believed in opportunities. He always thinks a step further on how new technology can be useful and implemented in OYO Rooms. He also gives opportunities to OYO associates to put front their ideas for the company’s progress. OYO Rooms is one of the technology-driven networks of standardized budget hotels. Moreover, OYO Rooms mobile app has been downloaded by millions of people, and one of the best-rated app on Google play store. Leveraging technology is one of the key factors for OYO’s success.
Ready to fight during tough times
Today with every industry, function, and geography affected, businesses are facing new challenges every day and have a growing impact on the global economy.OYO has taken several measures for business continuity and is committed to well being of its associates. Ritesh himself announced to forego his annual salary and the executive leadership team to take voluntary salary cuts. He also mentions that OYO employees have stood united to fight this situation and serving society at its best. Also, he sees this situation as an opportunity to analyze their success metrics as well where things went wrong for the company and prepare OYO for the future.