Ritesh Agarwal: The Founder and CEO of OYO. The person who created his empire from literally nothing. There was a time when he sold SIM cards in Delhi, now he has become one of the youngest billionaires in the world.
If you are Indian, you must have at least heard his name before, As his company name is one of the well-known brands in India. But nowadays he is in the limelight again because of the new popular TV show Shark Tank India. honestly, I was very happy when I saw him first time in Shark Tank Season 3. The reason is in Shark Tank India season 3, we all were missing Ashneer Grover. and the show was looking incomplete. But this time they have come up with 6 brand new amazing sharks, and Ritesh is one of them. and till now, I have loved his appearance in the show.
But here in this article, we are going to discuss the other side of Ritesh, which I am sure you are not aware of. So let’s discuss Ritesh.
Who is Ritesh Agrawal?
Ritesh Agrawal is an Indian entrepreneur. He is the founder and CEO of Oyo Rooms company. He is from Odisha. He was born on 16 November 1993 in Bisam Cuttack, Odisha. He completed his school education in also Odisha. For further education, he was admitted to the Indian School of Business and Finance in Delhi. His father wanted him to become an engineer. However, he did not complete his college because he was more interested in business than studies. From a very young age, he was influenced by people like Bill Gates, Steve Jobs, and Mark Zuckerberg. Ritesh started his startup at a very young age and it was successful.
Career life of Ritesh Agrawal
Ritesh was fond of traveling from the very beginning. One thing he noticed while walking out was that people were facing difficulties staying when they went out. They have to pay more to stay. Then Ritesh came up with the idea that he should do something that would provide better facilities for people to live with less money. Ritesh Agrawal started an online booking community with this thought in mind. And started a startup Oravel Pvt Ltd in 2012 at the age of 18 only. It was a startup platform that listed hotels in every location and provided rooms to people as per their budget. Ritesh Agrawal was selected for the “20 under 20” Thiel fellowship in 2013 by Peter Thiel.
He managed to be amongst the top 10 ventures and received some 10 lakh dollars from Peter Thiel. In 2013 he relaunched Oravel as ‘Oyo Rooms’. Ritesh has also worked as a SIM card seller in his tough life. But today he is a billionaire. More than 50,000 hotels are now included in OYO Rooms. Oyo is counted among the fastest-growing businesses. In 2020 Ritesh became the youngest billionaire in the world. Now he is the new shark of Shark Tank India season 3.
Ritesh Agrawal’s wiki
| Name | Ritesh Agarwal |
| Birth Date | 16th November 1993 |
| Occupation | Entrepreneur |
| Company | OYO Rooms |
| Age | 31 years ( as of 2024 ) |
| Country | India |
| Birth Place | Bissam, Cuttack, Odisha |
| Religion | Hinduism |
| Marital Status | Married |
| Famous As | Founder of OYO |
| Net Worth | $2 Billion |
The net worth of Ritesh Agrawal
According to Human Global Real Estate Rich List 2020, when Ritesh was only 26 years old, his network was worth 1.1 billion dollars and today his network is worth 2 billion US dollars. Ritesh is named among the richest people in India. and he is also one of the youngest billionaires in India.
Ritesh Agarwal Wife
Geetansha Sood is name of Ritesh’s wife. She is also an entrepreneur. Geetansha Sood is the director of Farmation Ventures Pvt. limited. and she is based out of Lakhnow.
Achievements of Ritesh Agrawal
Ritesh Agarwal has become such an inspiration for the youth of India at such a young age. His achievements are phenomenal. Following are the awards and achievements he got at such a young age:
• He was the first Asian to win the “20 Under 20” Thiel fellowship
• He was one of the top 50 entrepreneurs by TATA’s first dot awards in 2013
• He was one of the 8 Hottest Teenage start-up founders in the world by Business Insider in 2013
• He got the TiE- Lumis Entrepreneurial Excellence Award in 2014
• Forbes “30 Under 30” in the consumer Tech sector
This is all about India’s one of the best entrepreneurs. Let us know your favorite shark in shark tank India season 3.
