Ritesh Agarwal Biography & Success Story. Doing business is not just for everyone. It is very important to have a business mindset to do business. Only a business made with hard work, true dedication and complete commitment succeed.
And in order to be successful in business, a typical man needs marketing knowledge, he must have the ability to solve all kinds of problems, and to achieve all these things, half human life passes, and then he becomes a successful person. Business men are made.
But to prove this false assumption, Ritesh Agarwal, founder and CEO of OYO Rooms of India, has achieved great business success at the age of 21. Know how ??? Let us know the real story of the successful keeping of Ritesh Aggarwal’s business in this article today.
Introduction to the life of Ritesh Aggarwal
Ritesh Aggarwal was born on 16 November 1993 in Bissam Cuttack, Odisha. He came from a middle-class family in Marwari. His family consists of his mother, father, and three brothers, Behenen. The power to do business will be in his heart. Her father works closely with Infrastructure Corporation and her mother is a stay-at-home mom.
College Indian School of Business and Finance, Delhi
Ritesh graduated from Sacred Heart School, located in Rayagada Odisha. After completing his secondary education, Ritesh enrolled at the Indian School of Business and Finance in Delhi to complete his studies.
However, starting his own business, he did not complete his further studies and dropped out of college. Ritesh was strongly influenced by Bill Gates, Steve Jobs and Mark Zuckerburg from a young age.
In modern times, Ritesh is an Indian businessman who started his business at the age of 17, which very few people can do at a young age.
How Did The Start OYO Rooms
Ritesh loved to travel to new places. You have found many opportunities to visit and have visited many places in the world. And Ritesh had to deal with a number of issues related to arranging accommodations while traveling. As sometimes they lived in a vacant lot and even paid a lot of money and sometimes they often got a better place for less money.
Many such experiences inspired Ritesh and he decided that he would start his own booking rooms online so that customers could find a comfortable place to stay. Travel is the first platform to compile a list of available hotels in all areas and book it on people’s budget and give it half the price.
But after a few days Ritesh realized that he only offered people rooms for half the price, but they could not achieve the pleasure of those customers by ignoring the simple things. So, in 2013, Ritesh changed the name of Oravel Stays into OYO Rooms, where, with comfortable rooms at low prices, customer care is provided for all types of services and breakfast is provided free of charge.
Ritesh Agarwal’s name appeared on the Forbes list “30 under 30” in the consumer technology category. He has also received numerous awards such as “The Top 50 Entrepreneurs in 2013 by the TATA First Dot Powered by NEN Awards”, “8 Hottest Founders of the World’s New Business Insider”, “TiE-Lumis Entrepreneurial Excellence Award in 2014”, “Business Young World Entrepreneur Award in 2015”.
Ritesh Agarwal had to face many difficulties to start his own business. Starting a business is not a child’s game, it should start with keeping a lot of things in mind.
At first, Ritesh had to face difficulties, but he had to fulfill his heart’s desire, so he continued to move forward without stopping. Money is the most important thing to start a business.
As I mentioned earlier that Ritesh came from a middle-class family, the financial problem was huge and even for a student it was very difficult to make money.
He started Oravel in 2011 with 1 hotel in Gurgaon for a whopping Rs 60,000. His company needed financial support when he learned of the 20 under 20 Thiel Fellowship that was started in 2013 two years ago by Paypal founder Peter Thiel.
For this partnership, 20 entrepreneurs under the age of 20 are selected and awarded a total of $ 1,00,000. Ritesh was very happy to know about this relationship and applied for it. Ritesh was selected from the Fellowship.
And Ritesh Thiel was the first Indian to be included in the Fellowship list. With the help of this money, Ritesh reached his OYO rooms at the highest point.
After that, many business companies gave Ritesh money and helped him with his financial situation. First Venture Nursery helped donate money, then Lightspeed Ventures, Sequoia and many other Ventures. In July 2015, SoftBank offered $ 100 billion.
After launching OYO rooms from Gurgaon, the company has launched 4,000 hotels in 160 cities across India and the number is growing. The company was recently launched in Malaysia.
Any hotels that can partner with OYO rooms, the hotel owner should go to the OYO web page to apply, his OYO team will contact the hotel to explain some of the details and explain the shares. then say the agreement.
