Latest News

Once used to sell SIM cards, a company worth Rs 71,000 crore has come up with this great idea.

If you persevere in doing something and if you work hard at it, then no power in the world can stop you from achieving success. Ritesh Agarwal started this company without any help, he left engineering at the age of 17 and did something similar and has now reached a height of over Rs 71,000 crore.

Ritesh Agrawal

Ritesh Agarwal, the 24-year-old youngest Indian, is now on Hurun Dhani’s 2020 list as the founder of OYO. Ritesh Agarwal’s total assets amount to about $ 110 million or Rs 8,000 crore. Ritesh Agarwal’s company has become the third most successful internet company in India after Flipkart ($ 20 billion) and Paytm ($ 10 billion).

Ritesh Agarwal loved to travel. In 2009, he got the opportunity to travel to Mussoorie and Dehradun. Here Ritesh Agarwal realized that there are some beautiful places that very few people know about.

Ritesh Agrawal

Then a similar experience inspired Ritesh Agarwal and then one day Ritesh Agarwal thought of creating an online social community, where tourists would be accommodated and breakfasted on a single platform with the help of service providers and property owners.

And which can easily be afforded affordable housing. Ritesh Agarwal started Oravel in 2011. Influenced by his ideas, Manish Sinha from Gurgaon invested in Orwell and later became a co-founder.

Ritesh Agrawal

Then in 2012, Ritesh Agarwal’s company gained financial strength when it received capital from Venture Nursery Angel, India’s first angel-based start-up accelerator. However, Ritesh Agarwal has faced a number of difficulties in setting up the venture, including marketing, funding and reaching out to property owners and investors.

Ritesh Agarwal started Oravel.com at the age of 17. It is a marketplace where you can easily find and book very comfortable and affordable rooms for yourself from a catalog of over 3,500 rooms and apartments. The company, run by Ritesh Agarwal, operates Oyohotels.com, where a chain of hotels is provided at very low cost.

Ritesh Agrawal

Ritesh Agarwal is the only dropout to lead a team of people who have studied in IIT, HBS, IIM, and Ivy League. Ritesh Agarwal says that a drop out person is made a lot of fun in the country. It is not considered smart and intelligent at all. Ritesh Agarwal once said in an interview that he is absolutely optimistic that in the coming years, many more drop outs in India are going to earn a lot of names.

Related Articles