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Ritesh Agrawal is an Indian entrepreneur and the founder and CEO of OYO Rooms (originally Oravel Stays), a global platform that empowers entrepreneurs and small businesses with hotels and homes by providing full-stack technology that increases revenue and eases operations. He started his entrepreneurial journey at a very young age, dropping out of college to pursue his business idea. OYO was launched in 2013 when Ritesh was just 19. He is known for his vision in identifying the gap in the budget accommodation sector and leveraging technology to standardize and organize it. His work has significantly impacted the hospitality industry, particularly in India and Southeast Asia, expanding rapidly to other parts of the world including Europe and the USA.
Ritesh Agrawal's work history includes a series of influential roles in various companies. Here is a detailed list of his professional journey:
Founded OYO Rooms in 2013, transforming it into one of the world's leading chains of leased and franchised hotels, homes, and living spaces. OYO aims to provide standardized, affordable accommodation globally.
Became one of the first resident Asians to be accepted into the Thiel Fellowship in 2013, a program started by PayPal co-founder Peter Thiel, which awards $100,000 to young entrepreneurs to drop out of college and pursue their business ideas.
Recognized in the Forbes 30 Under 30 list for Asia in the Consumer Technology category, highlighting his significant impact and innovation in the tech and hospitality sectors at a young age.
Was reported as one of the youngest self-made billionaires in India, a testament to the rapid growth and valuation of OYO Rooms under his leadership. (Note: Net worth can fluctuate).
Featured in Fortune's 40 Under 40 list, acknowledging his influence and success as a young business leader disrupting the hospitality industry.
The Institute of Chartered Accountants of India - Year 2001
Sambalpur University - Year 1998
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Hero MotoCorp Ltd. is an Indian multinational motorcycle and scooter manufacturer. It is the world's largest two-wheeler manufacturer by volume. The company has a significant presence in India and exports to numerous countries across Asia, Africa, and Latin America. Hero MotoCorp is committed to providing fuel-efficient and technologically advanced mobility solutions to its customers.
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