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RITESH AGARWALIndian billionaire entrepreneur and the founder and CEO of OYO Rooms, a hospitality chain. He has been a panellist on Shark Tank India in 2024. Agarwal listed among Top 10 youngest Indian billionaires in Hurun Rich List of India 2024, with a net worth of $225 million.
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RITESH AGARWAL - SPEAKER PROFILE
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Ritesh Agarwal is the Founder & CEO, 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.
Ritesh Agarwal has been a panellist on Shark Tank India (season 3) in 2024 and was listed among Top 10 youngest Indian billionaires in Hurun Rich List of India 2024, with a net worth of $225 million (₹1,900 crore). In 2011, Ritesh Agarwal founded an Airbnb equivalent called "Oravel Stays". Agarwal's enterprise was accelerated through the Venture Nursery program in 2012, and was later one of the winners of the 2013 Thiel Fellowship, receiving a US$100,000 grant. The company launched as OYO Rooms in May 2013.By September 2018, the company had raised US$1 billion. He appeared on the Forbes 30 Under 30 list for Asia. In 2023, Agarwal became the youngest "Shark" to appear on Shark Tank India. Ritesh Agarwal is known to be the youngest self-made entrepreneur of our country.has had a rollercoaster of a journey in entrepreneurship. Over a decade back he raised Rs 4 crores to start his business idea of OYO with a valuation 14 crores. Ever since, there has been no looking back and the entrepreneur has built a billion dollar business. In 2024, Agarwal continued to lead OYO Rooms as it built on its success from the previous year. The company focused on expanding its presence in key international markets, particularly in the Nordic countries, Southeast Asia, the United States, and the United Kingdom, where it had seen strong growth. |
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