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Inspiring Success Story Of Ritesh Agarwal (Oyo Room Founder)

Top youngest entrepreneurs - Inspiring story on Youngest Entrepreneurs

Inspiring Success Story of Ritesh Agarwal (Founder Oyo Rooms)

Dreams and dedication are essential combinations that can lend a hand to take you to the pinnacles of success. The testimony to the above statement is the hard work and commitment of Ritesh Agarwal, the young boy who is the founder and now the CEO of OYO Rooms. He is currently an inspiration not only to the young entrepreneurs but also to the youth who wants to do something extraordinary in life.

 

Founder & CEO of OYO Rooms-India's fastest growing Branded network of hotels offline & online. Specialties

Ritesh Agarwal (Founder OYO Rooms)

We all are aware of the very famous OYO Rooms, which is a successful start-up. But do we know actually about the person behind this awesome idea? There is a teenager from Orrisa who thought of this idea, and the success of this idea is nothing new.

What are OYO Rooms?

OYO Rooms is the out of the box thinking of this talented person that has eventually created the most efficient chain of standardized rooms with an intention to build the best chain of no add-on rooms, which might not have Spa, Gym etc like the luxury hotels but will definitely live up to the basic standards & high expectations for prices like never before. To make sure that the rooms are good enough, the OYO team often visits the place.

OYO Rooms is the country’s largest budget hotel chain which has about 50,000 rooms in 500 hotels all over India. Oyo doesn’t own hotels; instead, it ties up with hotels and acquires some rooms to be given out to people. Oyo rooms have become a successful venture as it has managed to resolve the various issues of affordability, cleanliness, and availability of budget hotels across the country.

Interesting facts about the man behind the OYO Rooms

Ritesh Agarwal is as interesting as his idea. He was born in a humble family in Cuttack, Orrisa. His journey as an entrepreneur was not a very smooth one; he had to deal with failures and difficulties to be on the top. Below listed are some of the interesting facts that will keep you interested to the edge.

He loves to travel, and while traveling, he discovered that there is a problem in getting good rooms with good facilities at affordable rates. At just 17 years of age, he invented Travel travels, modeled after Airbnb, which later branched out to become OYO Rooms. Later on, he launched OYO to eradicate the problem of the availability of the budget rooms in Hotels.

Apart from being an entrepreneur, he is an author, a coder and a great orator.

Accomplishments of Ritesh Agarwal OYO Rooms Founder

Ritesh Agarwal has benefited the society in more than one ways. He has also managed to achieve what most of the people only think of. Below listed are some of the accomplishments of this teenager.

  • He has been named among the top 50 entrepreneurs by the TATA first dot awards in 2013.
  • Finalist of the global student Entrepreneurship Awards India.
  • He has been named one of the eight hottest teenage startup founders in the world by a Business Insider in the year 2013.
  • He is the World’s youngest CEO at 17.

Conclusion

Problems are not permanent; they are the real guidelines. Ritesh Agarwal undeniably faced a lot of obstacles in his life, but he managed to think beyond them and achieve the best in his life. He has now made the traveling and staying in different places experience easy.  He has become an inspiration to all the young ones and also the professionals to do something out of the box. So, go ahead and now choose the right path for you just as Ritesh Agarwal did and create your own success story like OYO Rooms.

 

If you know more about this person, feel free to reach us and you can share the information and we’ll ensure that your contribution gets sufficient room on our website.

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