Ritesh Agarwal is one of the most famous and skilled young Indian entrepreneurs. He is the co-founder and CEO of OYO Rooms, which is a highly valued startup in India.
It was established in 2013 by Ritesh Agarwal and since then it has evolved in more than 500 cities in India, China, Malaysia, Nepal, or more countries operate 450,000 rooms globally till January 2019. All the credit goes to Riteish Agarwal and his right team.
Having proved to be a co-founder of Oyo Rooms, he proved this. It does not matter which age you are, you can do your own startup and make your dreams come true. Let’s read his life journey and struggle and learn about his accomplishments in Riteish Agarwal’s life.
Ritesh Agrawal was born on November 16, 1993, in a small town named Bisam in Cuttack in Orissa. He spent his short days in the same state along with his schooling.
Ritesh Agarwal’s family is a middle-class Marwari business background family living in the state of Orissa. Born and raised in Cuttack, Ritesh Agarwal’s nationality is Indian.
Prior to becoming Riteish’s multi-millionaire, he did not have a good financial position. Talking about Ritesh Agarwal’s family background, he comes from a business family and, therefore, the business is in his blood.
He is better known as the founder of Riteish Agarwal Orevel. Because the first company he had created was called Oreval, which he later changed into OYO rooms.
Ritesh Agarwal Education
Ritesh Agrawal completed his schooling from the Sacred Heart School in Rayagada, Orissa. After completing his schooling he went to the Indian School of Business and Finance in Delhi.
His family and friends were surprised that he never went to college. But he started his own company, in which he was passionate. He was a college dropout, then he did not look back in his life.
Ritesh Agarwal Career
Ritesh Agrawal always used to imagine that the Oyo room should be established. It was Riteish Agarwal, who at the age of 13, visited various countries and checked how the hotel system works. He had understood all the figures at that age that most entrepreneurs will also understand in their 30.
Ritesh Agrawal’s age was only 18 when he started with his first company, Orevel Stage, which turned into OYO rooms. OYO’s Full Form is Your Own, which the founding has found to be attractive. In his early career, his Thiel Association helped him to model his business and took the company to great heights.
At that time he earned $ 100,000, and the OYO was not an easy task because he was constantly occupied with many challenging tasks, which is very responsible for the company’s development. Since he is the CEO of his company, his salary is skyrocketing in comparison to any other company.
Apart from this, he is one of the youngest billionaires in India, along with, he has received many awards and accolades for his superb startup and leadership.
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