Ritesh Agarwal Wiki- Ritesh Agarwal comes from a middle-class background, with his father running a small shop in Bassam. His mother also worked alongside his father. Facing financial challenges, Ritesh began selling sim cards at the age of 13 to support his education. Despite the hurdles, he completed his schooling at St. John’s Senior Secondary School. For higher education, Ritesh moved to Delhi for college but eventually dropped out. His journey took a significant turn when he was selected for Theil Fellowship, initiated by Peter Thiel.
Ritesh’s story reflects resilience and determination, overcoming financial constraints to pursue his aspirations. For a more detailed understanding of his life, let’s delve into his biography, net worth, salary/income, family details (including parents, wife, kids), age, educational qualifications, career, and other aspects. If you have any specific questions or if there’s a particular aspect you’d like to know more about, feel free to ask!
Ritesh Agarwal Biography
Contents
Ritesh Agarwal, a trailblazing entrepreneur, embarked on a remarkable journey that began with humble roots and led to the founding of one of India’s most successful startups. Hailing from a middle-class family, Ritesh faced financial challenges early on but demonstrated resilience by selling sim cards at the age of 13 to support his education. His academic path took a turn when he dropped out of college and secured a coveted spot in Theil Fellowship, marking him as the first Resident Asian to graduate from the program. Immersed in the world of U.S. startups and investors, Ritesh garnered invaluable insights that laid the foundation for his entrepreneurial endeavors.
At the age of 18, Ritesh founded Oravel Stays Pvt. GmbH, which evolved into the groundbreaking OYO Rooms in 2013. Fueled by a vision to revolutionize budget hospitality, he leveraged design, technology, and talent to create a well-designed stay experience for customers. OYO rapidly expanded its footprint, thanks to Ritesh’s hands-on approach, engaging with hotel owners and facilitating improvements. The company’s success is a testament to Ritesh’s dedication and innovative thinking, earning him accolades such as Forbes’ “30 under 30” and various prestigious awards. Ritesh Agarwal’s inspiring journey showcases the transformative power of determination and vision in the world of entrepreneurship.
Ritesh Agarwal Overview
| Fullname | Ritesh Agarwal |
| Nickname | Ritesh |
| Date of birth | 16th Nov 1993 |
| Occupation | Businessman |
| Marital status | Engaged |
| Age Of 2024 | 31 Year |
| Category | Wiki |
| Nationality | Indian |
| Educational Qualification | Schooling from St. Jhons senior Sec school |
| CEO | OYO |
| Birthplace | Bissam, Cuttak, Odisha |
| Net worth 2024 | 3.7k Milion US Dollar |
Career Report’s
Ritesh Agarwal’s career began with his decision to drop out of college and join Theil Fellowship, becoming the first Asian resident graduate. Learning from U.S. startups and investors, he initiated his entrepreneurial journey by listing various accommodations. Building relationships with property owners, he amassed significant assets.
- During budget travel experiences, Ritesh recognized a need for quality mid-market and economy hotels, leading to the launch of Oyo in 2013. Inspired by personal encounters, he aimed to create an online room reservation community for a better housing experience. Starting at 18, Ritesh founded Oravel Stays Pvt. GmbH.
- Initially starting as Oracle in 2011, Ritesh raised Rs 60,000, propelling the establishment of OYO Rooms. In July 2015, SoftBank invested $100 million in OYO Rooms. The company expanded rapidly, opening 4,000 hotels across 160 Indian cities.
- OYO’s success is attributed to Ritesh’s dedication. He engaged with hotels, guiding them to improve services. OYO Rooms became India’s largest chain of affordable hotels.
- Ritesh Agarwal’s achievements include Forbes’ “30 under 30” in the consumer tech sector and various awards like “Top 50 Entrepreneurs in 2013” and “Business World Young Entrepreneur Award in 2015.” His hard work has made OYO Rooms a renowned name in India’s budget hotel sector.
Physical Status
| Height | 5 feet 9 inches |
|---|---|
| Weight | 70 Kg |
| Eye Colour | Dark |
| Hair Colour | Black |
Education Qualification
Ritesh Agarwal attended Sacred Heart School in Rayagada and later St. John’s Senior Secondary School in Kota, Rajasthan. For college, he enrolled at the Indian School of Business and Finance in Delhi. Despite high school graduation, Ritesh is a college dropout.
| Qualification | High school graduated. But College Dropout |
|---|---|
| School | Sacred Heart School in Rayagada & St. Johns Senior Secondary School, Bundi Road, Kota, Rajasthan |
| College | Indian School of Business and Finance, Delhi |
Relationship Status:
| Marital Status | Unmarried |
|---|
Net Worth
| Networth (Approx.) | 3.7k Milion US Dollar |
|---|
Social Media Accounts
| https://www.instagram.com/riteshagar | |
| https://www.twitter.com/riteshagar |
FAQ’S
Who is Ritesh Agarwal?
Ritesh Agarwal is an Indian entrepreneur and the founder of OYO Rooms, one of India's largest budget hotel chains.
Where did Ritesh Agarwal go to school?
Ritesh Agarwal attended Sacred Heart School in Rayagada and later St. John's Senior Secondary School in Kota, Rajasthan.
Did Ritesh Agarwal go to college?
Yes, he initially went to the Indian School of Business and Finance in Delhi but dropped out during his course.
How did Ritesh Agarwal start his entrepreneurial journey?
Ritesh began by selling diverse accommodations and founded Oravel Stays Pvt. GmbH at the age of 18. This later evolved into OYO Rooms.
What awards has Ritesh Agarwal received?
Ritesh Agarwal has been recognized with various awards, including Forbes 30 under 30 in the consumer tech sector, Top 50 Entrepreneurs in 2013, and the Business World Young Entrepreneur Award in 2015.
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