Ritesh Agarwal
Ritesh agarwal was born in bissam cuttack, in odisha state, india and brought up in titilagarh. At the age of 13, he started selling SIM cards.He graduated from St. Johns Senior Secondary School and moved to delhi in 2011 for college.He dropped out of college, and was selected for the Peter Thiel Fellowship in 2013.Agarwal started a budget accommodation portal, Oravel Stays, for booking budget hotels.
It was accepted into the accelerator program by Venture Nursery in September 2012, and later was one of the winners of the 2013 Thiel Fellowship program, receiving a grant of $100,000. The company was launched as OYO Rooms in May 2013.
He is the founder and CEO of disruptive hospitality business and app - Oyo Rooms - a network of 2,200 hotels operating in 154 cities across India - with monthly revenues of $3.5m and 1,500 employees. It also features among the companies which are tipped to become the next start-up unicorns according to CB Insights research's findings, published in The New York Times. It has raised a total of $125million of funding in 4 rounds from 7 investors. 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. Agarwal holds a high school degree from St. Johns Senior Secondary School.
By September 2018, the company raised $1 billion. In July 2019 it was reported that Agarwal purchased $2 billion in shares in the company, tripling his stake.His net worth in 2020 was estimated to be approximately $1.1 billion (INR 7253 crore) according to Hurun Rich List 2020. He is currently the youngest self-made billionaire in the world.
By September 2018, the company raised $1 billion. In July 2019 it was reported that Agarwal purchased $2 billion in shares in the company, tripling his stake.His net worth in 2020 was estimated to be approximately $1.1 billion (INR 7253 crore) according to Hurun Rich List 2020. He is currently the youngest self-made billionaire in the world.
“The reality of startup is you have failures very often.”



