Travelling across India at the age of 17, Ritesh stayed in more than 100 bed and breakfasts, guest houses, and hotels to realize there was a massive dearth of affordable and good-quality hotels in the budget hotel category. The icing on the cake is the recently released Barclays Hurun India Rich List 2018, which featured Ritesh as the 'youngest self-made entrepreneur'. OYO is already India's largest hotel network with more than 100,000 rooms in 350 cities, as opposed to Marriott's 23,000 and Taj Hotel's 17,000. In just five years, he featured in the list of Barclays Hurun India Rich Listfor the year 2018 at the age of 24. Oyo is active in 800 cities in 80 countries, with more than 23,000 hotels in its portfolio. Looking for OYO Hotel Fort Worth East Gateway Ball Park? The company was launched as OYO Rooms in May 2013. OYO Rooms is the main source of his income which has a Net Worth of $400 Million (Approx.). Recognised as one of the top five unicorn start-ups in India, OYO Rooms is an undisputed "the next generation hotel chain". Land may be appraised at $4,000 per acre as a farm, but at $25,000 or even more for its “highest and best use,” which could be a gas station or a housing development. He started dreaming at the age of 17 to become an entrepreneur when nobody cares and think about their further studies as well. OYO Rooms is also among the 'creme de la creme' of the 25 most sought-after start-ups in India, a recent LinkedIn survey revealed after OYO announced that it had raised $800 million from Japanese tech fund, Softbank Vision Fund, for a valuation of $5 billion. OYO Hotels & Homes, a young hotel startup, today is the world’s leading chain of hotels, homes, and spaces. The brain behind this five-year-old start-up is Ritesh Agarwal, the 24-year-old entrepreneur whose net worth shot up to Rs 2,600 crore after his company announced the latest funding of $800 million from its investors on Tuesday. Ritesh Agarwal is the founder and CEO of OYO Hotels & Homes. Spotted in the Business Insider for one of the 8 hottest teenage start-up founders in the Word for the year 2013. OYO is not serving only in India but it is expanded to an overseas network of China, UAE, Malaysia, Nepal, and Indonesia. He has just raised $25 million (Rupees 150 crore) from San Francisco-based Greenoaks Capital and existing investors Sequoia, DSG Consumer Partners and LightSpeed Ventures.. Divyank Turakhia (37) of Media.net is … OYO hotels and homes has seen its losses widen to $355m (££272m) despite global consolidated revenues quadrupling to $951m (£729.5m). He leaves his study and dropping out of college. Before starting of OYO, he traveled and staying in several hotels and guest houses to research and understand the difficulties and expectations of customers. Became the first Asian to receive Thiel Fellowship. On the day that Oyo Rooms has raised a billion dollars in funding, founder Ritesh Agarwal has another reason to celebrate. “He knows how to listen,” said Betsy Atkins, who recently joined the Oyo board. OYO Rooms is a website where Hotel owners can list and customers can make their bookings. He is not married yet and has no girlfriend. Agarwal, at the age of 24, has become the youngest Indian to find place in Hurun’s rich list for 2018. He started coding at the age of 8 (eight) only when he was studied in primary school. Starbucks vs SardarBaksh: Local coffee chain agrees to change logo, name to Sardarji-Bakhsh, As Yes Bank stock bleeds, Rana Kapoor says will never sell his stake. In September 2018, He raised a fund of $1 Billion for OYO Rooms. Agarwal claimed that the partner network shows that owners are more concerned about growth issues, while in media reports, it’s “a lot more of prices being low.” “We see [in OPEN] that one of the things owners say is land prices are growing, and it is getting harder in India to get debt for these kind of properties. Read More » Dec - 2019 - Best Budget Stays Compare reviews and find deals on hotels in with Skyscanner Hotels. Pete Jariwala, owner of a Fort Worth Oyo, said he has mixed feelings about signing on. In 2013, he was nominated for ‘Thiel Fellowship,’ a 2-year program initiated by PayPal founder Peter Theil. Under its 'young and rich' category, the report says: "Youngest self-made entrepreneur under 40 is Ritesh Agarwal, 24, of OYO Rooms with a net worth of Rs 2600 crore." Oyo Hotel Forum All Discussions. It has raised over $1.5 billion of funding in five rounds from many investors. NEW DELHI: . In the year 2013, Ritesh Agarwal Thiel fellowship was applied for and he received a grant worth $1,00,000 and became the first ever Asian to have received a Thiel Fellowship. OYO Rooms offered standardized services like free wife, breakfast, clean bed, Flat LEDs and much more. With this additional funding, we plan to rapidly scale our business in these countries, while continuing to invest further in technology and talent," OYO founder and chief executive Ritesh Agarwal said after the latest round of funding. Mixed feelings. Oyo promised him renovations and increased … With that … How can you make it easier for us to get this debt from banks? World’s Youngest Self Made Billionare after Kylie Jenner Oyo rooms raised $1 billion in September 2018, even a year after that in July 2019 Ritesh Agarwal bought $2 billion in shares in the company, which tripled his shares. By customers at hotels owner of a Fort Worth East Gateway Ball Park something New the for! 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