{"id":53103,"date":"2025-01-18T15:38:52","date_gmt":"2025-01-18T10:08:52","guid":{"rendered":"https://www.5paisa.com/finschool/?p=53103"},"modified":"2025-03-23T14:09:18","modified_gmt":"2025-03-23T08:39:18","slug":"ritesh-agarwal-success-story","status":"publish","type":"post","link":"https://www.5paisa.com/finschool/ritesh-agarwal-success-story/","title":{"rendered":"Ritesh Agarwal: Success Story \u0026#038; Net worth of OYO founder"},"content":{"rendered":"\u003cdiv data-elementor-type=\u0022wp-post\u0022 data-elementor-id=\u002253103\u0022 class=\u0022elementor elementor-53103\u0022\u003e\u003csection class=\u0022elementor-section elementor-top-section elementor-element elementor-element-2ca4a5e elementor-section-boxed elementor-section-height-default elementor-section-height-default\u0022 data-id=\u00222ca4a5e\u0022 data-element_type=\u0022section\u0022\u003e\u003cdiv class=\u0022elementor-container elementor-column-gap-default\u0022\u003e\u003cdiv class=\u0022elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-a94af5d\u0022 data-id=\u0022a94af5d\u0022 data-element_type=\u0022column\u0022\u003e\u003cdiv class=\u0022elementor-widget-wrap elementor-element-populated\u0022\u003e\u003cdiv class=\u0022elementor-element elementor-element-cc7d404 elementor-widget elementor-widget-text-editor\u0022 data-id=\u0022cc7d404\u0022 data-element_type=\u0022widget\u0022 data-widget_type=\u0022text-editor.default\u0022\u003e\u003cdiv class=\u0022elementor-widget-container\u0022\u003e\u003cp style=\u0022text-align: center;\u0022\u003e\u003ca href=\u0022https://www.5paisa.com/hindi/finschool/wp-content/uploads/2024/04/r.svg\u0022\u003e\u003cimg fetchpriority=\u0022high\u0022 decoding=\u0022async\u0022 class=\u0022aligncenter wp-image-53146 size-full\u0022 role=\u0022img\u0022 src=\u0022https://www.5paisa.com/hindi/finschool/wp-content/uploads/2024/04/r.svg\u0022 alt=\u0022\u0022 width=\u0022500\u0022 height=\u0022500\u0022 srcset=\u0022https://www.5paisa.com/hindi/finschool/wp-content/uploads/2024/04/r.svg 150w, https:/www.5paisa.com/finschool/wp-content/uploads/2024/04/r.svg 300w, https:/www.5paisa.com/finschool/wp-content/uploads/2024/04/r.svg 1024w, https:/www.5paisa.com/finschool/wp-content/uploads/2024/04/r.svg 1536w, https:/www.5paisa.com/finschool/wp-content/uploads/2024/04/r.svg 2048w, https:/www.5paisa.com/finschool/wp-content/uploads/2024/04/r.svg 50w, https:/www.5paisa.com/finschool/wp-content/uploads/2024/04/r.svg 100w, https:/www.5paisa.com/finschool/wp-content/uploads/2024/04/r.svg 96w, https:/www.5paisa.com/finschool/wp-content/uploads/2024/04/r.svg 375w\u0022 sizes=\u0022(max-width: 500px) 100vw, 500px\u0022 /\u003e\u003c/a\u003e\u003c/p\u003e\u003cp\u003e \u003c/p\u003e\u003cp\u003eRitesh Agarwal-The Youngest Billionaire of India has a net worth of around Rs 16000 crores. The most amazing part is Ritesh Agarwal founded OYO when he was just 21 years old. In the span of 10 years OYO became one of the top hotel chains in the world with an approximate valuation of more than Rs 330 crore. Since the inception of OYO, the founder has never looked back. Let us understand The Youngest Billionaire Mr. Ritesh Agarwal success story in detail.\u003c/p\u003e\u003ch2\u003e\u003cstrong\u003eRitesh Agarwal – Biography\u003cbr /\u003e\u003c/strong\u003e\u003cstrong\u003eRitesh Agarwal Early Life and Education\u003c/strong\u003e\u003c/h2\u003e\u003cp\u003eRitesh Agarwal was born on 16\u003csup\u003eth\u003c/sup\u003e November 1993 in a Marwari Family. He was born in Bissam Cuttack, Odisha and bought up in Titilagarh. His family ran a small shop in Rayagada. He graduated from Sacred Heart School and later St. Johns Senior Secondary School before moving to Delhi in 2011 for college.\u003c/p\u003e\u003ch2\u003e\u003cstrong\u003eRitesh Agarwal Net Worth and Investments\u003c/strong\u003e\u003c/h2\u003e\u003cp\u003eRitesh Agarwal Net Worth is around Rs 16000 crore. The company has a growth rate of 100 percent over the past four years. Ritesh Agarwal has invested in 27 rounds. Their most recent investment was in First Bud Organics (Angel Round) on Mar 30, 2024.\u003c/p\u003e\u003cul\u003e\u003cli\u003eSome notable companies in their investment portfolio include Unacademy, Cars24 and Zingbus\u003c/li\u003e\u003cli\u003eTheir investments are primarily in Consumer, Enterprise Applications and 17 more sectors\u003c/li\u003e\u003cli\u003eTheir investment portfolio includes companies in India, Singapore and 1 more\u003c/li\u003e\u003c/ul\u003e\u003ctable\u003e\u003cthead\u003e\u003ctr\u003e\u003ctd width=\u002266\u0022\u003e\u003cp\u003e\u003cstrong\u003eSr. No\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022142\u0022\u003e\u003cp\u003e\u003cstrong\u003eCompany\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022142\u0022\u003e\u003cp\u003e\u003cstrong\u003eSector\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u002295\u0022\u003e\u003cp\u003e\u003cstrong\u003eRound\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022123\u0022\u003e\u003cp\u003e\u003cstrong\u003eRound Amount\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022130\u0022\u003e\u003cp\u003e\u003cstrong\u003eCo-Investors\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003c/thead\u003e\u003ctbody\u003e\u003ctr\u003e\u003ctd width=\u002266\u0022\u003e\u003cp\u003e1\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022142\u0022\u003e\u003cp\u003e \u003c/p\u003e\u003cp\u003eFirst Bud Organics\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022142\u0022\u003e\u003cp\u003eFood and Agriculture \u003c/p\u003e\u003c/td\u003e\u003ctd width=\u002295\u0022\u003e\u003cp\u003eAngel\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022123\u0022\u003e\u003cp\u003e$60K\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022130\u0022\u003e\u003cp\u003e\u0026#8211;\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd width=\u002266\u0022\u003e\u003cp\u003e2\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022142\u0022\u003e\u003cp\u003e \u003c/p\u003e\u003cp\u003eAllter\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022142\u0022\u003e\u003cp\u003eRetail \u003c/p\u003e\u003c/td\u003e\u003ctd width=\u002295\u0022\u003e\u003cp\u003eAngel\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022123\u0022\u003e\u003cp\u003e$120K\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022130\u0022\u003e\u003cp\u003eAman Gupta\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd width=\u002266\u0022\u003e\u003cp\u003e3\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022142\u0022\u003e\u003cp\u003e \u003c/p\u003e\u003cp\u003eCoratia\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022142\u0022\u003e\u003cp\u003eEnvironment Tech \u003c/p\u003e\u003c/td\u003e\u003ctd width=\u002295\u0022\u003e\u003cp\u003eAngel\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022123\u0022\u003e\u003cp\u003e$96K\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022130\u0022\u003e\u003cp\u003e\u0026#8211;\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd width=\u002266\u0022\u003e\u003cp\u003e4\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022142\u0022\u003e\u003cp\u003e \u003c/p\u003e\u003cp\u003eXMACHINES\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022142\u0022\u003e\u003cp\u003eHigh Tech \u003c/p\u003e\u003c/td\u003e\u003ctd width=\u002295\u0022\u003e\u003cp\u003eSeed\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022123\u0022\u003e\u003cp\u003e$86.1K\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022130\u0022\u003e\u003cp\u003eNamita Thapar\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003c/tbody\u003e\u003c/table\u003e\u003ch2\u003e\u003cstrong\u003eRitesh Agarwal Family\u003c/strong\u003e\u003c/h2\u003e\u003cp\u003e\u003ca href=\u0022https://www.5paisa.com/hindi/finschool/wp-content/uploads/2024/04/R3.svg\u0022\u003e\u003cimg decoding=\u0022async\u0022 class=\u0022aligncenter wp-image-53149 size-full\u0022 role=\u0022img\u0022 src=\u0022https://www.5paisa.com/hindi/finschool/wp-content/uploads/2024/04/R3.svg\u0022 alt=\u0022\u0022 width=\u0022500\u0022 height=\u0022500\u0022 srcset=\u0022https://www.5paisa.com/hindi/finschool/wp-content/uploads/2024/04/R3.svg 150w, https:/www.5paisa.com/finschool/wp-content/uploads/2024/04/R3.svg 300w, https:/www.5paisa.com/finschool/wp-content/uploads/2024/04/R3.svg 1024w, https:/www.5paisa.com/finschool/wp-content/uploads/2024/04/R3.svg 1536w, https:/www.5paisa.com/finschool/wp-content/uploads/2024/04/R3.svg 2048w, https:/www.5paisa.com/finschool/wp-content/uploads/2024/04/R3.svg 50w, https:/www.5paisa.com/finschool/wp-content/uploads/2024/04/R3.svg 100w, https:/www.5paisa.com/finschool/wp-content/uploads/2024/04/R3.svg 96w, https:/www.5paisa.com/finschool/wp-content/uploads/2024/04/R3.svg 375w\u0022 sizes=\u0022(max-width: 500px) 100vw, 500px\u0022 /\u003e\u003c/a\u003e\u003c/p\u003e\u003cp\u003e\u003cstrong\u003e \u003c/strong\u003eAgarwal married Geetansha Sood, a native of Lucknow, on 7 March 2023. Oyo founder Ritesh Agarwal and his wife Geetanshi Sood have welcomed a baby boy into their family. \u003c/p\u003e\u003ch2\u003e\u003cstrong\u003eRitesh Agarwal – OYO Rooms\u003c/strong\u003e\u003c/h2\u003e\u003cp\u003e\u003cimg decoding=\u0022async\u0022 class=\u0022aligncenter wp-image-53147 size-full\u0022 role=\u0022img\u0022 src=\u0022https://www.5paisa.com/hindi/finschool/wp-content/uploads/2024/04/R1.svg\u0022 alt=\u0022\u0022 width=\u0022500\u0022 height=\u0022500\u0022 srcset=\u0022https://www.5paisa.com/hindi/finschool/wp-content/uploads/2024/04/R1.svg 150w, https:/www.5paisa.com/finschool/wp-content/uploads/2024/04/R1.svg 300w, https:/www.5paisa.com/finschool/wp-content/uploads/2024/04/R1.svg 1024w, https:/www.5paisa.com/finschool/wp-content/uploads/2024/04/R1.svg 1536w, https:/www.5paisa.com/finschool/wp-content/uploads/2024/04/R1.svg 2048w, https:/www.5paisa.com/finschool/wp-content/uploads/2024/04/R1.svg 50w, https:/www.5paisa.com/finschool/wp-content/uploads/2024/04/R1.svg 100w, https:/www.5paisa.com/finschool/wp-content/uploads/2024/04/R1.svg 96w, https:/www.5paisa.com/finschool/wp-content/uploads/2024/04/R1.svg 375w\u0022 sizes=\u0022(max-width: 500px) 100vw, 500px\u0022 /\u003e\u003c/p\u003e\u003cul\u003e\u003cli\u003eOYO Rooms was founded by Ritesh Agarwal in 2013. At the age of 19 with an initial investment of Rupees 82 lakh Ritesh started OYO as a platform to book budget accommodation. The company began its operations with just five hotels in Gurgaon, India.\u003c/li\u003e\u003cli\u003eOver the years OYO expanded rapidly and evolved in to one of the largest hospitality chains globally. OYO offers wide range of budget friendly and mid-range accommodations.\u003c/li\u003e\u003cli\u003eIn 2018, Agarwal secured USD 1 billion in funding for his company, a feat that earned him the distinction of becoming the youngest self-made billionaire in India. Following this achievement, he gained recognition as the world\u0026#8217;s second self-made billionaire, with Kylie Jenner holding the first position.\u003c/li\u003e\u003c/ul\u003e\u003ch2\u003e\u003cstrong\u003eHow Ritesh Agarwal Started OYO \u003c/strong\u003e\u003c/h2\u003e\u003cul\u003e\u003cli\u003eImmense love for innovation, Ritesh chose to drop out of college and pursue his vision. At the tender age of 18 in 2012, he embarked on his business career with Oravel Stays, a budget accommodation portal.\u003c/li\u003e\u003cli\u003eThis venture received a grant of Rs 30 lakh and set the stage for his subsequent success. In 2013, at just 19, Agarwal earned a coveted spot in the Thiel Fellowship, initiated by Peter Thiel, securing a USD 100,000 grant to bring his ideas to fruition.\u003c/li\u003e\u003cli\u003eWith this opportunity, he transformed Oravel Stays into OYO Rooms, a disruptive force in the hospitality industry. The success of Oravel Stays laid the foundation for OYO Rooms\u0026#8217; inception in May 2013, marking a significant milestone in Agarwal\u0026#8217;s entrepreneurial journey.\u003c/li\u003e\u003c/ul\u003e\u003ch2\u003e\u003cstrong\u003e \u003c/strong\u003e\u003cstrong\u003eThe First Initiative\u003c/strong\u003e\u003c/h2\u003e\u003cul\u003e\u003cli\u003eOYO started as Oravel Stays, a platform for listing and booking budget accommodations. Agarwal renamed it to OYO in 2013 after receiving a grant of $100,000 from the Thiel Fellowship, a program for young innovators by PayPal co-founder Peter Thiel. OYO operated on a full-fledged hotel chain model that leased and franchised assets.\u003c/li\u003e\u003cli\u003eIt invested in capex, hired general managers to oversee operations and customer experience, and generated job opportunities for hospitality enthusiasts. OYO expanded to Malaysia in 2016, its first region outside India. It also introduced dynamic pricing to capitalize on seasonality, demand surges and special events.\u003c/li\u003e\u003cli\u003eOYO expanded to China, Indonesia, the UK, the US, Europe and the Middle East in 2018 and 2019. It also launched new products and services such as OYO Townhouse, OYO Life, OYO Workspaces, OYO Wizard and OYO OS.\u003c/li\u003e\u003cli\u003eYO had more than 43,000 properties and 10 lakh (1 million) rooms across 800 cities in 80 countries as of January 2020. It had over 17,000 employees globally. OYO’s investors included SoftBank Group, Didi Chuxing, Greenoaks Capital, Sequoia India, Lightspeed India, Hero Enterprise, Airbnb and China Lodging Group.\u003c/li\u003e\u003c/ul\u003e\u003ch2\u003e\u003cstrong\u003e \u003c/strong\u003e\u003cstrong\u003eChallenges for OYO\u003c/strong\u003e\u003c/h2\u003e\u003cul\u003e\u003cli\u003eThe COVID-19 pandemic severely affected the travel and hospitality industry, reducing the demand for hotel rooms and forcing many hotels to shut down or reduce their capacity.  \u003c/li\u003e\u003cli\u003eOYO faced allegations of fraud, mismanagement, breach of contract and non-payment from some of its hotel partners, who accused the company of changing the terms of agreements, withholding payments and manipulating data.\u003c/li\u003e\u003cli\u003eOYO faced regulatory hurdles and legal disputes in some of its markets, such as China, Japan, the US and India. For example, it was sued by a US hotel owner for $8.5 million over alleged fraud and breach of contract. It also faced tax raids and investigations by Indian authorities over alleged tax evasion.\u003c/li\u003e\u003cli\u003eOYO faced competition from other players in the budget hotel sector, such as Treebo Hotels and FabHotels in India, Huazhu Hotels Group and Meituan Dianping in China, and Airbnb and Booking.com globally.\u003c/li\u003e\u003cli\u003eOYO faced internal turmoil and layoffs as it tried to cut costs and streamline its operations. It reportedly laid off or furloughed thousands of employees across its markets in 2020 and 2021. It also saw several senior executives leave or resign from the company.\u003c/li\u003e\u003cli\u003eAs a result of these challenges, OYO\u0026#8217;s valuation dropped from $10 billion in 2019 to $3 billion in 2020. It also reported a net loss of $510 million in 2021. It struggled to raise new funds from its existing or new investors amid the pandemic-induced crisis.\u003c/li\u003e\u003c/ul\u003e\u003ch2\u003e\u003cstrong\u003eRitesh Agarwal – Shark Tank India\u003c/strong\u003e\u003c/h2\u003e\u003cp\u003e\u003cimg loading=\u0022lazy\u0022 decoding=\u0022async\u0022 class=\u0022aligncenter wp-image-53148 size-full\u0022 role=\u0022img\u0022 src=\u0022https://www.5paisa.com/hindi/finschool/wp-content/uploads/2024/04/R2.svg\u0022 alt=\u0022\u0022 width=\u0022500\u0022 height=\u0022500\u0022 srcset=\u0022https://www.5paisa.com/hindi/finschool/wp-content/uploads/2024/04/R2.svg 150w, https:/www.5paisa.com/finschool/wp-content/uploads/2024/04/R2.svg 300w, https:/www.5paisa.com/finschool/wp-content/uploads/2024/04/R2.svg 1024w, https:/www.5paisa.com/finschool/wp-content/uploads/2024/04/R2.svg 1536w, https:/www.5paisa.com/finschool/wp-content/uploads/2024/04/R2.svg 2048w, https:/www.5paisa.com/finschool/wp-content/uploads/2024/04/R2.svg 50w, https:/www.5paisa.com/finschool/wp-content/uploads/2024/04/R2.svg 100w, https:/www.5paisa.com/finschool/wp-content/uploads/2024/04/R2.svg 96w, https:/www.5paisa.com/finschool/wp-content/uploads/2024/04/R2.svg 375w\u0022 sizes=\u0022(max-width: 500px) 100vw, 500px\u0022 /\u003e\u003c/p\u003e\u003cul\u003e\u003cli\u003eAs \u003cstrong\u003eShark Tank India Season 3\u003c/strong\u003econtinues to gain momentum amongst audiences, the ‘sharks’ are having their moments on the show. Especially, the new ‘sharks’ joining this season, have been getting a lot of attention.\u003c/li\u003e\u003cli\u003eRitesh Agarwal has been appreciated for his pleasant demeanor on the show. He once said in the Shark Tank show \u0026#8211; “I personally don’t like to call myself a shark. I am more like a dolphin probably. When I was coming to the show, my motivation was very simple, I want to support founders.\u003c/li\u003e\u003cli\u003eThis has been my goal and Shark Tank has not disappointed me. Great ideas are valuable, but more than that it is the founder and person behind the company that matters. I believe the jockey is more important than the horse.”\u003c/li\u003e\u003c/ul\u003e\u003ch2\u003e\u003cstrong\u003e \u003c/strong\u003e\u003cstrong\u003eRitesh Agarwal Personal and Professional Achievements\u003c/strong\u003e\u003c/h2\u003e\u003cul\u003e\u003cli\u003eRitesh Agarwal has won many awards and accolades for his work including the Business World Young Entrepreneur Award. He is a regular speaker at entrepreneurial conferences and institutes across India and the world and a fellow of the Thiel foundation.\u003c/li\u003e\u003cli\u003eAll achievements of Ritesh Agarwal have included in a book called “Kaleidoscope” written by him, which has around 25 award-winning short stories, selected amongst several other stories nominated in an online contest organized by SpringTide. Other than that, he loves traveling and going for long drives to unwind himself and likes playing basketball when he is not working.\u003c/li\u003e\u003c/ul\u003e\u003ch2\u003e\u003cstrong\u003eLessons You Can Learn From Ritesh\u0026#8217;s Story\u003c/strong\u003e\u003c/h2\u003e\u003col\u003e\u003cli\u003e\u003cstrong\u003eLearn something by doing it\u003c/strong\u003e: You should be focused on your goals, and learn whatever helps to achieve your goals by practically doing it. Failure is a natural part of the entrepreneurial journey, according to Ritesh. He views failure as a stepping stone to success, emphasizing the importance of learning from your mistakes and using them to fuel your growth. Ritesh’s own experiences with failure have taught him valuable lessons and shaped his approach to business. By embracing failure and learning from it, entrepreneurs can become more resilient and better equipped to overcome challenges.\u003c/li\u003e\u003cli\u003e\u003cstrong\u003eFollow your passion:\u003c/strong\u003e Mr. Ritesh Agarwal said that if you follow your passion, you can achieve your dream faster than others.\u003c/li\u003e\u003cli\u003e\u003cstrong\u003eCreate an opportunity to work with entrepreneurs and start-ups: \u003c/strong\u003eOne of Ritesh’s key insights is the importance of building your environment. He suggests attending conferences, seminars, and networking events to connect with like-minded individuals and learn from their experiences. Ritesh also advocates for reading widely from various sources to expand your knowledge and stay informed about industry trends and developments. By immersing yourself in a stimulating environment, you can foster personal and professional growth.\u003c/li\u003e\u003cli\u003e\u003cstrong\u003eIf you have advantages, use it:\u003c/strong\u003e If you find any kind of advantages that our society I providing, use it, do something wild and create a career of your choice.\u003c/li\u003e\u003cli\u003e\u003cstrong\u003eCreate a strong network\u003c/strong\u003e: The most important thing for becoming a successful entrepreneur is to create teams who have the same passion as you.\u003c/li\u003e\u003cli\u003e\u003cstrong\u003eAlways be restless\u003c/strong\u003e: Once you achieve your goal, don’t take a rest, set higher goals, and try to achieve it. In times of trouble, Ritesh advises maintaining patience and stability to avoid demotivation. He warns against volatility, which can disrupt your focus and hinder your progress. By staying grounded and composed, entrepreneurs can navigate challenges more effectively and stay on course toward their goals.\u003c/li\u003e\u003c/ol\u003e\u003cp\u003e \u003c/p\u003e\u003cp\u003e\u003cstrong\u003e \u003c/strong\u003e\u003c/p\u003e\u003c/div\u003e\u003c/div\u003e\u003c/div\u003e\u003c/div\u003e\u003c/div\u003e\u003c/section\u003e\u003csection class=\u0022elementor-section elementor-top-section elementor-element elementor-element-40a9760 elementor-section-boxed elementor-section-height-default elementor-section-height-default\u0022 data-id=\u002240a9760\u0022 data-element_type=\u0022section\u0022\u003e\u003cdiv class=\u0022elementor-container elementor-column-gap-default\u0022\u003e\u003cdiv class=\u0022elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-e8edac8\u0022 data-id=\u0022e8edac8\u0022 data-element_type=\u0022column\u0022\u003e\u003cdiv class=\u0022elementor-widget-wrap elementor-element-populated\u0022\u003e\u003cdiv class=\u0022elementor-element elementor-element-dd91034 elementor-widget elementor-widget-heading\u0022 data-id=\u0022dd91034\u0022 data-element_type=\u0022widget\u0022 data-widget_type=\u0022heading.default\u0022\u003e\u003cdiv class=\u0022elementor-widget-container\u0022\u003e\u003ch2 class=\u0022elementor-heading-title elementor-size-default\u0022\u003eFrequently Asked Questions (fAQs)\u003c/h2\u003e\u003c/div\u003e\u003c/div\u003e\u003c/div\u003e\u003c/div\u003e\u003c/div\u003e\u003c/section\u003e\u003csection class=\u0022elementor-section elementor-top-section elementor-element elementor-element-08bd2a6 elementor-section-boxed elementor-section-height-default elementor-section-height-default\u0022 data-id=\u002208bd2a6\u0022 data-element_type=\u0022section\u0022\u003e\u003cdiv class=\u0022elementor-container elementor-column-gap-default\u0022\u003e\u003cdiv class=\u0022elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-eff47ea\u0022 data-id=\u0022eff47ea\u0022 data-element_type=\u0022column\u0022\u003e\u003cdiv class=\u0022elementor-widget-wrap elementor-element-populated\u0022\u003e\u003cdiv class=\u0022elementor-element elementor-element-522879b elementor-widget elementor-widget-accordion\u0022 data-id=\u0022522879b\u0022 data-element_type=\u0022widget\u0022 data-widget_type=\u0022accordion.default\u0022\u003e\u003cdiv class=\u0022elementor-widget-container\u0022\u003e\u003cdiv class=\u0022elementor-accordion\u0022\u003e\u003cdiv class=\u0022elementor-accordion-item\u0022\u003e\u003cdiv id=\u0022elementor-tab-title-8611\u0022 class=\u0022elementor-tab-title\u0022 data-tab=\u00221\u0022 role=\u0022button\u0022 aria-controls=\u0022elementor-tab-content-8611\u0022 aria-expanded=\u0022false\u0022\u003e\u003cspan class=\u0022elementor-accordion-icon elementor-accordion-icon-left\u0022 aria-hidden=\u0022true\u0022\u003e\u003cspan class=\u0022elementor-accordion-icon-closed\u0022\u003e\u003ci class=\u0022fas fa-plus\u0022\u003e\u003c/i\u003e\u003c/span\u003e\u003cspan class=\u0022elementor-accordion-icon-opened\u0022\u003e\u003ci class=\u0022fas fa-minus\u0022\u003e\u003c/i\u003e\u003c/span\u003e\u003c/span\u003e\u003ca class=\u0022elementor-accordion-title\u0022 tabindex=\u00220\u0022\u003e1. Who is Ritesh Agarwal? \u003c/a\u003e\u003c/div\u003e\u003cdiv id=\u0022elementor-tab-content-8611\u0022 class=\u0022elementor-tab-content elementor-clearfix\u0022 data-tab=\u00221\u0022 role=\u0022region\u0022 aria-labelledby=\u0022elementor-tab-title-8611\u0022\u003e\u003cp\u003eRitesh Agarwal is an Indian billionaire entrepreneur and the founder and CEO of OYO Rooms. \u003c/p\u003e\u003c/div\u003e\u003c/div\u003e\u003cdiv class=\u0022elementor-accordion-item\u0022\u003e\u003cdiv id=\u0022elementor-tab-title-8612\u0022 class=\u0022elementor-tab-title\u0022 data-tab=\u00222\u0022 role=\u0022button\u0022 aria-controls=\u0022elementor-tab-content-8612\u0022 aria-expanded=\u0022false\u0022\u003e\u003cspan class=\u0022elementor-accordion-icon elementor-accordion-icon-left\u0022 aria-hidden=\u0022true\u0022\u003e\u003cspan class=\u0022elementor-accordion-icon-closed\u0022\u003e\u003ci class=\u0022fas fa-plus\u0022\u003e\u003c/i\u003e\u003c/span\u003e\u003cspan class=\u0022elementor-accordion-icon-opened\u0022\u003e\u003ci class=\u0022fas fa-minus\u0022\u003e\u003c/i\u003e\u003c/span\u003e\u003c/span\u003e\u003ca class=\u0022elementor-accordion-title\u0022 tabindex=\u00220\u0022\u003e2. What is the full form of OYO? \u003c/a\u003e\u003c/div\u003e\u003cdiv id=\u0022elementor-tab-content-8612\u0022 class=\u0022elementor-tab-content elementor-clearfix\u0022 data-tab=\u00222\u0022 role=\u0022region\u0022 aria-labelledby=\u0022elementor-tab-title-8612\u0022\u003e\u003cp\u003eFull form of OYO is \u0026#8220;On Your Own Rooms\u0026#8221;\u003c/p\u003e\u003c/div\u003e\u003c/div\u003e\u003cdiv class=\u0022elementor-accordion-item\u0022\u003e\u003cdiv id=\u0022elementor-tab-title-8613\u0022 class=\u0022elementor-tab-title\u0022 data-tab=\u00223\u0022 role=\u0022button\u0022 aria-controls=\u0022elementor-tab-content-8613\u0022 aria-expanded=\u0022false\u0022\u003e\u003cspan class=\u0022elementor-accordion-icon elementor-accordion-icon-left\u0022 aria-hidden=\u0022true\u0022\u003e\u003cspan class=\u0022elementor-accordion-icon-closed\u0022\u003e\u003ci class=\u0022fas fa-plus\u0022\u003e\u003c/i\u003e\u003c/span\u003e\u003cspan class=\u0022elementor-accordion-icon-opened\u0022\u003e\u003ci class=\u0022fas fa-minus\u0022\u003e\u003c/i\u003e\u003c/span\u003e\u003c/span\u003e\u003ca class=\u0022elementor-accordion-title\u0022 tabindex=\u00220\u0022\u003e3. What is Ritesh Agarwal\u0027s net worth? \u003c/a\u003e\u003c/div\u003e\u003cdiv id=\u0022elementor-tab-content-8613\u0022 class=\u0022elementor-tab-content elementor-clearfix\u0022 data-tab=\u00223\u0022 role=\u0022region\u0022 aria-labelledby=\u0022elementor-tab-title-8613\u0022\u003e\u003cp\u003eRitesh Agarwal’s net worth is estimated to be around ₹15,000 crore.\u003c/p\u003e\u003c/div\u003e\u003c/div\u003e\u003cdiv class=\u0022elementor-accordion-item\u0022\u003e\u003cdiv id=\u0022elementor-tab-title-8614\u0022 class=\u0022elementor-tab-title\u0022 data-tab=\u00224\u0022 role=\u0022button\u0022 aria-controls=\u0022elementor-tab-content-8614\u0022 aria-expanded=\u0022false\u0022\u003e\u003cspan class=\u0022elementor-accordion-icon elementor-accordion-icon-left\u0022 aria-hidden=\u0022true\u0022\u003e\u003cspan class=\u0022elementor-accordion-icon-closed\u0022\u003e\u003ci class=\u0022fas fa-plus\u0022\u003e\u003c/i\u003e\u003c/span\u003e\u003cspan class=\u0022elementor-accordion-icon-opened\u0022\u003e\u003ci class=\u0022fas fa-minus\u0022\u003e\u003c/i\u003e\u003c/span\u003e\u003c/span\u003e\u003ca class=\u0022elementor-accordion-title\u0022 tabindex=\u00220\u0022\u003e4. What awards has Ritesh Agarwal received? \u003c/a\u003e\u003c/div\u003e\u003cdiv id=\u0022elementor-tab-content-8614\u0022 class=\u0022elementor-tab-content elementor-clearfix\u0022 data-tab=\u00224\u0022 role=\u0022region\u0022 aria-labelledby=\u0022elementor-tab-title-8614\u0022\u003e\u003cp\u003eRitesh Agarwal has won many awards and accolades for his work including the Business World Young Entrepreneur Award\u003c/p\u003e\u003c/div\u003e\u003c/div\u003e\u003cdiv class=\u0022elementor-accordion-item\u0022\u003e\u003cdiv id=\u0022elementor-tab-title-8615\u0022 class=\u0022elementor-tab-title\u0022 data-tab=\u00225\u0022 role=\u0022button\u0022 aria-controls=\u0022elementor-tab-content-8615\u0022 aria-expanded=\u0022false\u0022\u003e\u003cspan class=\u0022elementor-accordion-icon elementor-accordion-icon-left\u0022 aria-hidden=\u0022true\u0022\u003e\u003cspan class=\u0022elementor-accordion-icon-closed\u0022\u003e\u003ci class=\u0022fas fa-plus\u0022\u003e\u003c/i\u003e\u003c/span\u003e\u003cspan class=\u0022elementor-accordion-icon-opened\u0022\u003e\u003ci class=\u0022fas fa-minus\u0022\u003e\u003c/i\u003e\u003c/span\u003e\u003c/span\u003e\u003ca class=\u0022elementor-accordion-title\u0022 tabindex=\u00220\u0022\u003e5. Why did Ritesh Agarwal leave college? \u003c/a\u003e\u003c/div\u003e\u003cdiv id=\u0022elementor-tab-content-8615\u0022 class=\u0022elementor-tab-content elementor-clearfix\u0022 data-tab=\u00225\u0022 role=\u0022region\u0022 aria-labelledby=\u0022elementor-tab-title-8615\u0022\u003e\u003cp\u003eInstead of spending time in a classroom, Ritesh found himself attending events and conferences where he rubbed shoulders with successful business owners. It was then that he decided to make the toughest decision of his life: to drop out of college and begin his entrepreneurial journey \u003c/p\u003e\u003c/div\u003e\u003c/div\u003e\u003cdiv class=\u0022elementor-accordion-item\u0022\u003e\u003cdiv id=\u0022elementor-tab-title-8616\u0022 class=\u0022elementor-tab-title\u0022 data-tab=\u00226\u0022 role=\u0022button\u0022 aria-controls=\u0022elementor-tab-content-8616\u0022 aria-expanded=\u0022false\u0022\u003e\u003cspan class=\u0022elementor-accordion-icon elementor-accordion-icon-left\u0022 aria-hidden=\u0022true\u0022\u003e\u003cspan class=\u0022elementor-accordion-icon-closed\u0022\u003e\u003ci class=\u0022fas fa-plus\u0022\u003e\u003c/i\u003e\u003c/span\u003e\u003cspan class=\u0022elementor-accordion-icon-opened\u0022\u003e\u003ci class=\u0022fas fa-minus\u0022\u003e\u003c/i\u003e\u003c/span\u003e\u003c/span\u003e\u003ca class=\u0022elementor-accordion-title\u0022 tabindex=\u00220\u0022\u003e6. Who is the real owner of OYO? \u003c/a\u003e\u003c/div\u003e\u003cdiv id=\u0022elementor-tab-content-8616\u0022 class=\u0022elementor-tab-content elementor-clearfix\u0022 data-tab=\u00226\u0022 role=\u0022region\u0022 aria-labelledby=\u0022elementor-tab-title-8616\u0022\u003e\u003cp\u003eOwners of OYO Are SoftBank (46.62%) Ritesh Agarwal (33.15%)\u003c/p\u003e\u003c/div\u003e\u003c/div\u003e\u003cdiv class=\u0022elementor-accordion-item\u0022\u003e\u003cdiv id=\u0022elementor-tab-title-8617\u0022 class=\u0022elementor-tab-title\u0022 data-tab=\u00227\u0022 role=\u0022button\u0022 aria-controls=\u0022elementor-tab-content-8617\u0022 aria-expanded=\u0022false\u0022\u003e\u003cspan class=\u0022elementor-accordion-icon elementor-accordion-icon-left\u0022 aria-hidden=\u0022true\u0022\u003e\u003cspan class=\u0022elementor-accordion-icon-closed\u0022\u003e\u003ci class=\u0022fas fa-plus\u0022\u003e\u003c/i\u003e\u003c/span\u003e\u003cspan class=\u0022elementor-accordion-icon-opened\u0022\u003e\u003ci class=\u0022fas fa-minus\u0022\u003e\u003c/i\u003e\u003c/span\u003e\u003c/span\u003e\u003ca class=\u0022elementor-accordion-title\u0022 tabindex=\u00220\u0022\u003e 7. What is the salary of Ritesh Agarwal? \u003c/a\u003e\u003c/div\u003e\u003cdiv id=\u0022elementor-tab-content-8617\u0022 class=\u0022elementor-tab-content elementor-clearfix\u0022 data-tab=\u00227\u0022 role=\u0022region\u0022 aria-labelledby=\u0022elementor-tab-title-8617\u0022\u003e\u003cp\u003eRitesh Agarwal does not take a huge salary. Currently, his salary is Rs 1.5 Cr approx. He just took a nominal salary in the early days to cover personal expenses. However, after Series C, he got a hike in his salary and was benchmarked with CEOs of other similar startups at that scale. Most of his personal wealth comes from his shareholding in Oyo Rooms, where he continues to have sizeable stake.\u003c/p\u003e\u003c/div\u003e\u003c/div\u003e\u003cdiv class=\u0022elementor-accordion-item\u0022\u003e\u003cdiv id=\u0022elementor-tab-title-8618\u0022 class=\u0022elementor-tab-title\u0022 data-tab=\u00228\u0022 role=\u0022button\u0022 aria-controls=\u0022elementor-tab-content-8618\u0022 aria-expanded=\u0022false\u0022\u003e\u003cspan class=\u0022elementor-accordion-icon elementor-accordion-icon-left\u0022 aria-hidden=\u0022true\u0022\u003e\u003cspan class=\u0022elementor-accordion-icon-closed\u0022\u003e\u003ci class=\u0022fas fa-plus\u0022\u003e\u003c/i\u003e\u003c/span\u003e\u003cspan class=\u0022elementor-accordion-icon-opened\u0022\u003e\u003ci class=\u0022fas fa-minus\u0022\u003e\u003c/i\u003e\u003c/span\u003e\u003c/span\u003e\u003ca class=\u0022elementor-accordion-title\u0022 tabindex=\u00220\u0022\u003e8. How much is OYO worth? \u003c/a\u003e\u003c/div\u003e\u003cdiv id=\u0022elementor-tab-content-8618\u0022 class=\u0022elementor-tab-content elementor-clearfix\u0022 data-tab=\u00228\u0022 role=\u0022region\u0022 aria-labelledby=\u0022elementor-tab-title-8618\u0022\u003e\u003cp\u003eIn 2024, Oyo Valuation Is $13B.\u003c/p\u003e\u003c/div\u003e\u003c/div\u003e\u003c/div\u003e\u003c/div\u003e\u003c/div\u003e\u003c/div\u003e\u003c/div\u003e\u003c/div\u003e\u003c/section\u003e\u003c/div\u003e","protected":false},"excerpt":{"rendered":"\u003cp\u003eRitesh Agarwal-The Youngest Billionaire of India has a net worth of around Rs 16000 crores. The most amazing part is Ritesh Agarwal founded OYO when he was just 21 years old. In the span of 10 years OYO became one of the top hotel chains in the world with an approximate valuation of more than … \u003ca title=\u0022Ritesh Agarwal: Success Story \u0026#038; Net worth of OYO founder\u0022 class=\u0022read-more\u0022 href=\u0022https://www.5paisa.com/hindi/finschool/ritesh-agarwal-success-story/\u0022 aria-label=\u0022Read more about Ritesh Agarwal: Success Story \u0026#038; Net worth of OYO founder\u0022\u003eRead more\u003c/a\u003e\u003c/p\u003e","protected":false},"author":1,"featured_media":53229,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[17],"tags":[],"class_list":["post-53103","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-whats-brewing"],"acf":[],"_links":{"self":[{"href":"https://www.5paisa.com/finschool/wp-json/wp/v2/posts/53103","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https://www.5paisa.com/finschool/wp-json/wp/v2/posts"}],"about":[{"href":"https://www.5paisa.com/finschool/wp-json/wp/v2/types/post"}],"author":[{"embeddable":true,"href":"https://www.5paisa.com/finschool/wp-json/wp/v2/users/1"}],"replies":[{"embeddable":true,"href":"https://www.5paisa.com/finschool/wp-json/wp/v2/comments?post=53103"}],"version-history":[{"count":27,"href":"https://www.5paisa.com/finschool/wp-json/wp/v2/posts/53103/revisions"}],"predecessor-version":[{"id":57970,"href":"https://www.5paisa.com/finschool/wp-json/wp/v2/posts/53103/revisions/57970"}],"wp:featuredmedia":[{"embeddable":true,"href":"https://www.5paisa.com/finschool/wp-json/wp/v2/media/53229"}],"wp:attachment":[{"href":"https://www.5paisa.com/finschool/wp-json/wp/v2/media?parent=53103"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https://www.5paisa.com/finschool/wp-json/wp/v2/categories?post=53103"},{"taxonomy":"post_tag","embeddable":true,"href":"https://www.5paisa.com/finschool/wp-json/wp/v2/tags?post=53103"}],"curies":[{"name":"wp","href":"https://api.w.org/{rel}","templated":true}]}}