Always an entrepreneur by heart from an early age, Ritesh Agarwal is the founder and CEO of OYO, a digital marketplace or aggregator for budget and premium hotels in India and overseas. However, now the startup has adopted franchise model in order to fortify its operations to take charge of inventory and pricing with a select group of hotels. (Keep reading to access net worth, email address, age and other details on this wiki page)
When Ritesh was 17 and traveling around the country on a budget, he realized the difficulty that most Indian and other travelers face in terms of accommodation, charges, and other conditions and, hence decided to do something around it. That’s when the idea of starting OYO Stays struck him. Ritesh kick-started his business in 2013 with a single hotel and today they have more than 8500 hotels as partners spread across 230 cities. In November 2019, media reported many hotels running into hundreds were making an exit from the partnership with OYO.
(Recommended read: Yatra CEO Email & Net Worth – Dhruv Shringi)
OYO Rooms Competitors
OYO Rooms is by far the market leader. However, the following players have also carved a space for themselves in the competitive market:
Salary & Net Worth – Investors, Funding, & Valuation
Ritesh Agarwal’s salary was Rs 1.62 crore in the fiscal year 2020-21. As of 2022, Oyo’s valuation could be estimated at 9 to 12 billion USD. Assuming Ritesh has about 30% stake in the company, his net worth could be 2.7 to 3.6 billion USD.
Career & Education – Company, University, & College
The founder and current CEO of OYO Rooms, Ritesh Agarwal has been an entrepreneur from the beginning and he always aspired to be one since his childhood days. When he was 19, he founded OYO Stays, the online marketplace for budget hotels. Before venturing into OYO Stays, Ritesh created Oravel, an Indian model of the online rental business Airbnb. He obtained Rs. 30 lakh funding for this. However, his experiences at the Thiel Fellowship, a 2 year fellowship program designed by Peter Thiel (a venture capitalist and the founder and ex-CEO of PayPal Inc) for students under the age of 20, transformed him. He converted his Airbnb clone into present OYO.
(Also read: MakeMyTrip Founder Email & Net Worth – Deep Kalra)
Ritesh did his schooling from St. Johns Senior Secondary School. He took admission in Indian School of Business and Finance in Delhi for college education, but soon he dropped out to pursue his dreams of entrepreneurship.
Contact Ritesh Agarwal – Email Address | Twitter | LinkedIn
OYO Customer Care Number | Help & Support
If you want to speak to the customer care team of OYO Rooms, just dial 093139 31393. Alternatively, you can also reach out to them by submitting a help ticket – https://www.oyorooms.com/support/tickets/new
Wiki Trivia on Ritesh Agarwal – Age, Family, & More
Ritesh (age 29) was born in Bissamcuttack in Rayagada district of Odisha on 16th November, 1993. Ritesh comes from a Marwari community. His father owned a small business in Odisha, but now he is employed at a company. Ritesh’s mother is a homemaker. He has an elder brother named Asish Agarwal. When Ritesh was eight, he used to do coding. He sold SIM cards when he was 13 years of age.
Although not much fond of formal education, he took admission in the Indian School of Business and Finance in Delhi to study International Programme of University of London, for his parents. But, he mostly remained away from his classes as he chose to attend entrepreneurship conferences and events and travel to explore his business idea. Finally, he dropped out from college. At the age of 17, Ritesh wrote a book called ‘The Encyclopaedia of Indian Engineering Colleges’.
(Suggested read: Booking CEO Email & Net Worth – Gillian Tans)