Ritesh Agarwal is the founder and CEO of OYO Rooms, one of the world’s largest hospitality chains. His entrepreneurial journey, from a small-town boy to a billionaire, is an inspiration for aspiring business leaders. In this blog, we explore Ritesh Agarwal’s age, net worth, and educational background, shedding light on the journey of this visionary leader.
Personal Stats
| Company | OYO Rooms |
| Age | 31 |
| Net Worth | $225 million (₹1,900 crore) |
| Education | Indian School of Business and Finance, Sacred Heart School |
| Marital Status | Married |
Who is Ritesh Agarwal?
Ritesh Agarwal is an Indian entrepreneur who built OYO Rooms from a small startup into a global hotel chain. His vision and determination have transformed the budget hotel industry worldwide.
Read about Deepinder Goyal’s journey here.
The Founding of OYO Rooms
- Started as Oravel Stays in 2011, an Airbnb like platform for India.
- He received funding through the Thiel Fellowship in 2013, which provided him with $100,000.
- In 2013, the platform rebranded as OYO Rooms, focusing on budget hotel accommodations.
- His idea was to standardize budget hotels and provide a reliable experience for travelers.
Growth and Expansion of OYO Rooms
- OYO expanded rapidly, becoming India’s largest hotel chain.
- The company expanded into over 80 countries, including the USA, UK, China, and Japan.
- In 2019, Ritesh bought back shares worth $2 billion, increasing his stake in the company.
- OYO recently reported its first ever profit of ₹229 crore (2024).
Achievements and Recognitions
- Named in Forbes 30 Under 30 Asia list.
- One of India’s youngest billionaires.
- Featured as a Shark on Shark Tank India (2024).
Facts About Ritesh Agarwal
- He started by selling SIM cards in his hometown.
- He was one of the first Indian entrepreneurs to win the Thiel Fellowship.
FAQs
What is Ritesh Agarwal’s age?
He is 31 years old.
What is Ritesh Agarwal’s net worth in 2024?
His net worth is around $225 million.
Where did Ritesh Agarwal study?
He dropped out of college.
How did OYO Rooms become successful?
By standardizing budget hotels and leveraging technology.