Ritesh Agarwal
 | Note to deleting admin: This page has been created repeatedly under this or other names, such as Ritesh Agarwal, and if it is deleted, it should probably also be protected from creation. |
| Ritesh Agarwal | |
|---|---|
| File:Agarwal ritesh-j2qgnv.jpgFile:Agarwal ritesh-j2qgnv.jpg | |
| Born | 16 November 1993 Bissam, Cuttack, India |
| 💼 Occupation | |
| Known for | OYO Rooms |
| Board member of | Confederation of Indian Industry |
Ritesh Agarwal (born 16 November 1993) is an Indian entrepreneur, known for being the founder, and CEO of OYO Rooms,[1][2][3][4][5][6] He was born in 1993 in Bissam, Cuttack, India and brought up in Rayagada, Orissa.[7][8][9]
Early years[edit]
Born in 1993, Agarwal was raised in Bissam Cuttack,Odisha.[10][11] At the age of 13, he started selling SIM cards.[12] Agarwal graduated from St. Johns Senior Secondary School and moved to Delhi in 2011 for graduation.[13] He dropped out of college, which made him eligible for the Peter Thiel fellowship.
Career[edit]
Agarwal started a budget accommodation portal, Oravel Stays, for booking budget hotels.[14][15] It was accepted into the accelerator program by the VentureNursery in September 2012 and later was one of the winners of the 2013 Thiel Fellowship program and received a grant of $100,000.[16][17] The company was launched as OYO Rooms in May 2013.[18][19][20]
In March 2015, OYO raised $24 million and another $100 million in August 2015.[21] By September 2018, the company raised $1 billion,[22] His net worth that year was estimated to be 2600 crore according to Hurun India Rich List.
It was reported he purchased $2 billion in shares, trippling his stake.[23][24][25]
Books[edit]
- Agarwal, Ritesh (2011). Indian Engineering Colleges : A Complete Encyclopaedia Of Top 100 Engineering Colleges. G. K. Publishers (P) Ltd. ISBN 978-8183554589 Search this book on
..
References[edit]
- ↑ Clark, Patrick (2019-06-19). "Oyo Hotels plans $300 million push in US market: CEO Ritesh Agarwal". Business Standard India. Retrieved 2019-07-29.
- ↑ Alawadhi, Neha (2019-07-22). "Why Ritesh Agarwal's $2-bn deal to hike his stake in Oyo to 30% is a riddle". Business Standard India. Retrieved 2019-07-29.
- ↑ Reuters (2019-07-19). "Oyo Founder to Buy Back $2 Billion Worth Stake in SoftBank-Backed Indian Co". The New York Times. ISSN 0362-4331. Retrieved 2019-07-29.
- ↑ "SIM card seller, college dropout, millionaire at 22: Boy from Naxal area scripts incredible story". The Economic Times. 2018-06-25. Retrieved 2019-07-29.
- ↑ "Ritesh Agarwal's American Dream to get $300 million thrust! Oyo to launch in New York, Los Angeles, San Fransisco". www.businesstoday.in. Retrieved 2019-07-29.
- ↑ Alawadhi, Karan Choudhury & Neha (2019-07-09). "IPO listing still a distant dream for Ritesh Agarwal's OYO Hotels". Business Standard India. Retrieved 2019-07-29.
- ↑ "Here are 6 interesting facts you didn't know about OYO founder Ritesh Agarwal". Business Insider. Retrieved 2019-07-29.
- ↑ Oct 6, TNN | Updated:; 2015; Ist, 17:19. "21-Yr-Old Start-Up Entrepreneur Ritesh Agarwal Started By Selling SIM Cards In Rayagada | Bhubaneswar News - Times of India". The Times of India. Retrieved 2019-07-29.
- ↑ Writer, Staff (2019-07-25). "His ₹30 lakh stake in Oyo would have been thousands of crores today but..." livemint. Retrieved 2019-07-29.
- ↑ Chengappa, Sangeetha. "For OYO's Ritesh Agarwal, there is more room for growth". @businessline. Retrieved 2019-07-29.
- ↑ "OYO raises $1 billion fund: How 24-year-old Ritesh Agarwal turned his idea into India's second most valuable start-up". Firstpost. Retrieved 2019-07-29.
- ↑ "SIM card seller, college dropout, millionaire at 22: Boy from Naxal area scripts incredible story". The Economic Times. 2018-06-25. Retrieved 2019-07-29.
- ↑ Jr, Bernd Debusmann. "Too many entrepreneurs give up, says Oyo CEO Ritesh Agarwal". ArabianBusiness.com. Retrieved 2019-07-29.
- ↑ "'If you meet a 17- or 18-year-old entrepreneur, just invest in their firm'". 2019-07-09. Retrieved 2019-07-29.
- ↑ "Ritesh Agarwal's Cayman based firm to bring funds to Oyo". The Economic Times. 2019-07-17. Retrieved 2019-07-29.
- ↑ Menon, Rashmi (2015-08-19). "Meet OYO Rooms' Ritesh Agarwal: The dropout who dined with Peter Thiel". The Economic Times. Retrieved 2019-07-29.
- ↑ Bergen, Mark (2013-05-10). "Oravel founder Ritesh Agarwal wins Thiel Fellowship". Livemint. Retrieved 2019-07-29.
- ↑ "Ritesh Agarwal's OYO, SoftBank set up investment vehicle, seek CCI approval for increasing stake in Oravel Stays". The Financial Express. 2019-07-16. Retrieved 2019-07-29.
- ↑ Gooptu, Biswarup (2018-11-21). "OYO manages more rooms in China than in India". The Economic Times. Retrieved 2019-07-29.
- ↑ "This is how 24 year-old Ritesh Agarwal built OYO Rooms a $5 billion hotel chain in just five years". The Financial Express. 2018-09-26. Retrieved 2019-07-29.
- ↑ Sharma, Samidha; Gooptu, Biswarup (2019-07-09). "Oyo founder in talks to buy back $1.5 billion shares". The Economic Times. Retrieved 2019-07-29.
- ↑ Bloomberg, Saritha Rai (2018-09-26). "How 24-year-old Ritesh Agarwal built Oyo into a $5 billion startup in just 5 years". www.livemint.com. Retrieved 2019-07-29.
- ↑ Chaudhary, Deepti (2019-07-19). "Oyo founder Ritesh Agarwal to triple his stake with $2 bn share buyback". Retrieved 2019-07-21.
- ↑ "India's Oyo valued at $10B after founder purchases $2B in shares". TechCrunch. Retrieved 2019-07-21.
- ↑ "OYO founder Ritesh Agarwal to buy back shares from early investors for USD 2 bn - Times of India". The Times of India. Retrieved 2019-07-21.
This article "Ritesh Agarwal" is from Wikipedia. The list of its authors can be seen in its historical and/or the page Edithistory:Ritesh Agarwal. Articles copied from Draft Namespace on Wikipedia could be seen on the Draft Namespace of Wikipedia and not main one.
|
This page exists already on Wikipedia. |
