40:
352:
Agarwal's company, OYO, entered into agreements with hotel owners in the United States, rebranding their properties under the OYO name in exchange for compensation and guaranteed income. However, OYO failed to disclose that it was not authorised to operate a franchise business in
453:
1137:
993:
1177:
930:
490:
1359:
813:
685:
1024:
1082:
869:
899:
1333:
1129:
985:
738:
320:
284:
In 2024, Ritesh
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
1195:
1055:
716:
654:
839:
513:
237:
In 2011, 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
539:
773:
963:
319:
for the financial year 2023-24, according to the company's annual report. This comes on the back of eight consecutive quarters of positive
Adjusted EBITDA, the company stated. OYO's Adjusted
1282:
624:
922:
482:
565:
1307:
1222:
676:
1016:
1078:
865:
891:
454:"From being the richest shark to having a whopping net-worth of approximately Rs 16000 crores: Lesser known facts about Shark Tank India 3's Ritesh Agarwal"
1334:"Hotel operators who partnered with Oyo call it 'biggest online fraud', demand criminal probe against Softbank-backed startup now poised to raise $ 1.5 bn"
1047:
708:
646:
765:
953:
288:, Southeast Asia, the United States, and the United Kingdom, where it had seen strong growth. Agarwal also made headlines for his prediction that
186:
in 2024. Agarwal listed among Top 10 youngest Indian billionaires in Hurun Rich List of India 2024, with $ 220 Million (Rs1,900 Crore) Net Worth
1429:
1256:
795:
616:
384:
OYO faced backlash from 10,000 hotel owners in India, who claimed that OYO takes more than half of their revenues through undisclosed fees.
1434:
1104:
591:
1424:
296:
over the next five years. His insights were supported by data showing a 70% surge in bookings for holy destinations like
739:"OYO raises $ 1 billion fund: How 24-year-old Ritesh Agarwal turned his idea into India's second most valuable start-up"
218:. He completed his schooling at Sacred Heart School, and later at St. John's Senior Secondary School, before moving to
182:
399:, accusing Agarwal of fraud. The latter, however, successfully appealed for a stay order on one case in Bangalore.
369:
regulators, who found that OYO had made offers to numerous hotel owners and managers, without proper registration.
20:
986:"Ritesh Agarwal's OYO, SoftBank set up investment vehicle, seek CCI approval for increasing stake in Oravel Stays"
1444:
381:-based businessman, alleging fraud and conspiracy under IPC sections 420 (cheating) 120 B (criminal conspiracy).
1360:"Shark Tank Indian 3: All you need to know about 29-yr-old Ritesh Agarwal; the youngest Shark to join the panel"
1178:"Shark Tank Indian 3: All you need to know about 29-yr-old Ritesh Agarwal; the youngest Shark to join the panel"
1159:
1439:
1419:
814:"OYO boss Ritesh Agarwal ties the knot with fiancee Geetansha; Softbank CEO, Paytm boss attend reception"
344:
Agarwal is accused of cheating OYO's co-founder, Manish Sinha, during the early period of the company.
1414:
1196:"'80% more users are searching for stays in Ayodhya': OYO's Ritesh Agarwal on New Year's Eve booking"
483:"This is how 24 year-old Ritesh Agarwal built OYO Rooms a $ 5 billion hotel chain in just five years"
358:
242:
1130:"OYO founder Ritesh Agarwal to buy back shares from early investors for USD 2 bn - Times of India"
428:
366:
269:
540:"This 30-year-old cyber security expert joins OYO's Ritesh Agarwal in Hurun youngest rich list"
387:
According to an
October 2019 report, police cases were filed against OYO by hotel operators in
39:
1367:
1230:
289:
408:
362:
293:
285:
277:
238:
160:
121:
647:"21-Yr-Old Start-Up Entrepreneur Ritesh Agarwal Started By Selling SIM Cards In Rayagada"
199:
195:
66:
1283:"Softbank-Backed Hotel Unicorn Oyo Faces Regulatory Smackdown In Multiple U.S. States"
19:
This article is about an Indian entrepreneur. For bio-medical enginner/scientist, see
1408:
1048:"How 24-year-old Ritesh Agarwal built Oyo into a $ 5 billion startup in just 5 years"
312:
172:(born 16 November 1993) is an Indian billionaire entrepreneur and the founder and
840:"Who is OYO founder Ritesh Agarwal's wife, Geetansha Sood? - OYO founder's wife"
617:"Here are 6 interesting facts you didn't know about OYO founder Ritesh Agarwal"
566:"Top 10 youngest Indian billionaires in 2024: Zepto founders lead the ranking"
378:
354:
207:
1371:
1234:
677:"His ₹30 lakh stake in Oyo would have been thousands of crores today but..."
396:
388:
246:
177:
110:
1079:"Oyo founder Ritesh Agarwal to triple his stake with $ 2 bn share buyback"
866:"If you meet a 17- or 18-year-old entrepreneur, just invest in their firm"
958:
680:
305:
211:
923:"Meet OYO Rooms' Ritesh Agarwal: The dropout who dined with Peter Thiel"
377:
In
September 2020, a case was lodged against Agarwal in Dera Bassi by a
1399:
361:
200,000 by
California regulators. Additionally, the company received a
297:
226:
392:
265:
215:
203:
70:
1105:"India's Oyo valued at $ 10B after founder purchases $ 2B in shares"
796:"Ritesh Agarwal: Interesting facts about oyo founder ritesh agarwal"
311:
In May 2024, OYO reported its first-ever profit after tax (PAT) of
316:
219:
514:"Ritesh Agarwal picks Bollywood actors who can be great Sharks"
301:
256:
billion. In July 2019, it was reported that
Agarwal purchased
173:
766:"Too many entrepreneurs give up, says Oyo CEO Ritesh Agarwal"
300:
on New Year’s Eve, surpassing popular tourist spots such as
1395:
892:"Ritesh Agarwal's Cayman based firm to bring funds to Oyo"
709:"For OYO's Ritesh Agarwal, there is more room for growth"
590:
Chowdhry, Seema; Khurana, Chanpreet (30 November 2013).
275:
In 2023, Agarwal became the youngest Shark to appear on
1308:"Oyo founder booked for fraud, company refutes charges"
260:
billion in shares, tripling his stake in the company.
954:"Oravel founder Ritesh Agarwal wins Thiel Fellowship"
156:
129:
116:
106:
98:
78:
49:
30:
1017:"OYO manages more rooms in China than in India"
1257:"Will the real Ritesh Agarwal please stand up"
8:
1223:"Oyo reports first-ever PAT of Rs 229 crore"
1046:Bloomberg, Saritha Rai (26 September 2018).
357:. As a result, in March 2019, OYO was fined
225:Agarwal married Geetansha Sood, a native of
340:Allegations of cheating by OYO's co-founder
707:Chengappa, Sangeetha (25 September 2018).
252:By September 2018, the company had raised
38:
27:
163:, Business World Young Entrepreneur Award
512:Mukhopadhyay, Sounak (31 January 2024).
420:
245:100,000 grant. The company launched as
1221:Chaturvedi, Anumeha (14 August 2024).
1160:"30 Under 30 2016 Asia: Consumer Tech"
592:"Entrepreneurs | The company of teens"
210:. His family operated a small shop in
1015:Gooptu, Biswarup (21 November 2018).
292:would become a significant driver of
7:
477:
475:
146:
657:from the original on 18 August 2019
1140:from the original on 6 August 2019
1077:Chaudhary, Deepti (19 July 2019).
1058:from the original on 16 April 2019
564:Gupta, Cherry (4 September 2024).
538:Oberoi, Rahul (3 September 2024).
14:
1255:Mishra, Ashish (7 January 2015).
1085:from the original on 21 July 2019
1027:from the original on 29 July 2019
996:from the original on 29 July 2019
966:from the original on 20 July 2019
933:from the original on 29 July 2019
902:from the original on 20 July 2019
872:from the original on 29 July 2019
776:from the original on 15 July 2019
719:from the original on 21 July 2019
688:from the original on 29 July 2019
627:from the original on 29 July 2019
493:from the original on 29 July 2019
921:Menon, Rashmi (19 August 2015).
142:
1281:Jeans, David (23 April 2020).
206:, India and was brought up in
1:
1430:People from Rayagada district
194:Ritesh Agarwal was born in a
180:. He has been a panellist on
952:Bergen, Mark (10 May 2013).
183:Shark Tank India (season 3)
73:(present day Odisha), India
1461:
1435:Businesspeople from Odisha
339:
21:Ritesh Agarwal (scientist)
18:
348:Fine in the United States
37:
294:India’s tourism industry
327:crore in FY24, up from
263:He was featured on the
395:, and other cities of
323:grew by 215% to reach
1425:Indian businesspeople
990:The Financial Express
764:Debusmann, Bernd Jr.
489:. 26 September 2018.
487:The Financial Express
222:in 2011 for college.
373:Allegations of fraud
1314:. 14 September 2020
770:ArabianBusiness.com
745:. 27 September 2018
229:, on 7 March 2023.
1366:. 7 October 2023.
1364:The Times of India
1227:The Economic Times
1182:The Times of India
1134:The Times of India
1021:The Economic Times
927:The Economic Times
896:The Economic Times
844:The Economic Times
818:The Economic Times
653:. 6 October 2015.
651:The Times of India
570:The Indian Express
460:. 24 February 2024
458:The Times of India
102:2012–present
16:Indian billionaire
403:Television series
290:spiritual tourism
167:
166:
99:Years active
1452:
1445:Shark Tank India
1383:
1382:
1380:
1378:
1356:
1350:
1349:
1347:
1345:
1340:. 8 October 2019
1330:
1324:
1323:
1321:
1319:
1304:
1298:
1297:
1295:
1293:
1278:
1272:
1271:
1269:
1267:
1252:
1246:
1245:
1243:
1241:
1218:
1212:
1211:
1209:
1207:
1202:. 2 January 2024
1192:
1186:
1185:
1174:
1168:
1167:
1156:
1150:
1149:
1147:
1145:
1136:. 19 July 2019.
1126:
1120:
1119:
1117:
1115:
1101:
1095:
1094:
1092:
1090:
1074:
1068:
1067:
1065:
1063:
1052:www.livemint.com
1043:
1037:
1036:
1034:
1032:
1012:
1006:
1005:
1003:
1001:
992:. 16 July 2019.
982:
976:
975:
973:
971:
949:
943:
942:
940:
938:
918:
912:
911:
909:
907:
898:. 17 July 2019.
888:
882:
881:
879:
877:
862:
856:
855:
853:
851:
836:
830:
829:
827:
825:
810:
804:
803:
800:Business Insider
792:
786:
785:
783:
781:
761:
755:
754:
752:
750:
735:
729:
728:
726:
724:
704:
698:
697:
695:
693:
684:. 25 July 2019.
673:
667:
666:
664:
662:
643:
637:
636:
634:
632:
621:Business Insider
613:
607:
606:
604:
602:
587:
581:
580:
578:
576:
561:
555:
554:
552:
550:
535:
529:
528:
526:
524:
509:
503:
502:
500:
498:
479:
470:
469:
467:
465:
450:
444:
443:
441:
439:
429:"Ritesh Agarwal"
425:
409:Shark Tank India
367:Washington state
363:cease and desist
331:crore in FY23.
330:
326:
286:Nordic countries
278:Shark Tank India
259:
255:
239:Thiel Fellowship
161:Thiel Fellowship
150:
148:
144:
122:Shark Tank India
63:
60:16 November 1993
59:
57:
42:
28:
1460:
1459:
1455:
1454:
1453:
1451:
1450:
1449:
1405:
1404:
1392:
1387:
1386:
1376:
1374:
1358:
1357:
1353:
1343:
1341:
1332:
1331:
1327:
1317:
1315:
1312:Hindustan Times
1306:
1305:
1301:
1291:
1289:
1280:
1279:
1275:
1265:
1263:
1254:
1253:
1249:
1239:
1237:
1220:
1219:
1215:
1205:
1203:
1194:
1193:
1189:
1176:
1175:
1171:
1158:
1157:
1153:
1143:
1141:
1128:
1127:
1123:
1113:
1111:
1103:
1102:
1098:
1088:
1086:
1076:
1075:
1071:
1061:
1059:
1045:
1044:
1040:
1030:
1028:
1014:
1013:
1009:
999:
997:
984:
983:
979:
969:
967:
951:
950:
946:
936:
934:
920:
919:
915:
905:
903:
890:
889:
885:
875:
873:
868:. 9 July 2019.
864:
863:
859:
849:
847:
846:. 10 March 2023
838:
837:
833:
823:
821:
812:
811:
807:
794:
793:
789:
779:
777:
763:
762:
758:
748:
746:
737:
736:
732:
722:
720:
706:
705:
701:
691:
689:
675:
674:
670:
660:
658:
645:
644:
640:
630:
628:
615:
614:
610:
600:
598:
589:
588:
584:
574:
572:
563:
562:
558:
548:
546:
537:
536:
532:
522:
520:
511:
510:
506:
496:
494:
481:
480:
473:
463:
461:
452:
451:
447:
437:
435:
427:
426:
422:
417:
405:
375:
350:
342:
337:
328:
324:
272:list for Asia.
257:
253:
235:
192:
152:
140:
136:
94:
74:
64:
61:
55:
53:
45:
44:Agarwal in 2019
33:
24:
17:
12:
11:
5:
1458:
1456:
1448:
1447:
1442:
1437:
1432:
1427:
1422:
1417:
1407:
1406:
1403:
1402:
1396:Ritesh Agarwal
1391:
1390:External links
1388:
1385:
1384:
1351:
1325:
1299:
1273:
1247:
1213:
1200:Business Today
1187:
1169:
1151:
1121:
1096:
1069:
1038:
1007:
977:
944:
913:
883:
857:
831:
820:. 8 March 2023
805:
787:
756:
730:
699:
668:
638:
608:
582:
556:
544:Business Today
530:
504:
471:
445:
419:
418:
416:
413:
412:
411:
404:
401:
374:
371:
349:
346:
341:
338:
336:
333:
241:, receiving a
234:
231:
200:Bissam Cuttack
191:
188:
170:Ritesh Agarwal
165:
164:
158:
154:
153:
138:
135:Geetansha Sood
134:
133:
131:
127:
126:
118:
114:
113:
108:
104:
103:
100:
96:
95:
93:
92:
89:
86:
85:Businessperson
82:
80:
76:
75:
67:Bissam Cuttack
65:
51:
47:
46:
43:
35:
34:
32:Ritesh Agarwal
31:
15:
13:
10:
9:
6:
4:
3:
2:
1457:
1446:
1443:
1441:
1440:Thiel fellows
1438:
1436:
1433:
1431:
1428:
1426:
1423:
1421:
1420:Living people
1418:
1416:
1413:
1412:
1410:
1401:
1397:
1394:
1393:
1389:
1373:
1369:
1365:
1361:
1355:
1352:
1339:
1335:
1329:
1326:
1313:
1309:
1303:
1300:
1288:
1284:
1277:
1274:
1262:
1258:
1251:
1248:
1236:
1232:
1228:
1224:
1217:
1214:
1201:
1197:
1191:
1188:
1183:
1179:
1173:
1170:
1165:
1161:
1155:
1152:
1139:
1135:
1131:
1125:
1122:
1110:
1106:
1100:
1097:
1084:
1080:
1073:
1070:
1057:
1053:
1049:
1042:
1039:
1026:
1022:
1018:
1011:
1008:
995:
991:
987:
981:
978:
965:
961:
960:
955:
948:
945:
932:
928:
924:
917:
914:
901:
897:
893:
887:
884:
871:
867:
861:
858:
845:
841:
835:
832:
819:
815:
809:
806:
801:
797:
791:
788:
775:
771:
767:
760:
757:
744:
740:
734:
731:
718:
714:
713:@businessline
710:
703:
700:
687:
683:
682:
678:
672:
669:
656:
652:
648:
642:
639:
626:
622:
618:
612:
609:
597:
593:
586:
583:
571:
567:
560:
557:
545:
541:
534:
531:
519:
515:
508:
505:
492:
488:
484:
478:
476:
472:
459:
455:
449:
446:
434:
430:
424:
421:
414:
410:
407:
406:
402:
400:
398:
394:
390:
385:
382:
380:
372:
370:
368:
364:
360:
356:
347:
345:
335:Controversies
334:
332:
322:
318:
314:
309:
307:
303:
299:
295:
291:
287:
282:
280:
279:
273:
271:
268:
267:
261:
250:
249:in May 2013.
248:
244:
240:
232:
230:
228:
223:
221:
217:
213:
209:
205:
201:
197:
190:Personal life
189:
187:
185:
184:
179:
175:
171:
162:
159:
155:
132:
128:
124:
123:
119:
115:
112:
109:
105:
101:
97:
90:
87:
84:
83:
81:
77:
72:
68:
62:(age 30)
52:
48:
41:
36:
29:
26:
22:
1375:. Retrieved
1363:
1354:
1342:. Retrieved
1337:
1328:
1316:. Retrieved
1311:
1302:
1290:. Retrieved
1286:
1276:
1264:. Retrieved
1260:
1250:
1238:. Retrieved
1226:
1216:
1204:. Retrieved
1199:
1190:
1181:
1172:
1163:
1154:
1142:. Retrieved
1133:
1124:
1112:. Retrieved
1108:
1099:
1087:. Retrieved
1072:
1060:. Retrieved
1051:
1041:
1029:. Retrieved
1020:
1010:
998:. Retrieved
989:
980:
968:. Retrieved
957:
947:
935:. Retrieved
926:
916:
904:. Retrieved
895:
886:
874:. Retrieved
860:
848:. Retrieved
843:
834:
822:. Retrieved
817:
808:
799:
790:
778:. Retrieved
769:
759:
747:. Retrieved
742:
733:
721:. Retrieved
712:
702:
690:. Retrieved
679:
671:
659:. Retrieved
650:
641:
629:. Retrieved
620:
611:
599:. Retrieved
595:
585:
573:. Retrieved
569:
559:
547:. Retrieved
543:
533:
521:. Retrieved
517:
507:
495:. Retrieved
486:
462:. Retrieved
457:
448:
436:. Retrieved
432:
423:
386:
383:
376:
351:
343:
310:
283:
276:
274:
264:
262:
251:
236:
224:
193:
181:
169:
168:
120:
107:Organization
88:entrepreneur
25:
1415:1993 births
1377:13 November
601:15 February
575:9 September
549:9 September
438:27 November
365:order from
270:30 Under 30
79:Occupations
1409:Categories
1266:24 October
1109:TechCrunch
523:1 February
415:References
379:Chandigarh
355:California
208:Titilagarh
198:family in
117:Television
56:1993-11-16
1372:0971-8257
1338:Firstpost
1240:22 August
1235:0013-0389
1206:22 August
743:Firstpost
397:Karnataka
389:Bangalore
247:OYO Rooms
178:OYO Rooms
111:OYO Rooms
1344:21 March
1318:21 March
1292:21 March
1138:Archived
1083:Archived
1056:Archived
1025:Archived
994:Archived
964:Archived
959:Livemint
931:Archived
900:Archived
870:Archived
774:Archived
717:Archived
686:Archived
681:livemint
655:Archived
625:Archived
491:Archived
464:18 March
306:Nainital
212:Rayagada
91:investor
1400:Twitter
1144:21 July
1114:21 July
1089:21 July
1062:29 July
1031:29 July
1000:29 July
970:29 July
937:29 July
906:29 July
876:29 July
850:21 June
824:21 June
780:29 July
749:29 July
723:29 July
692:29 July
661:29 July
631:29 July
497:29 July
298:Ayodhya
227:Lucknow
196:Marwari
151:
139:
125:(2024–)
1370:
1287:Forbes
1233:
1164:Forbes
433:Forbes
393:Mysore
321:EBITDA
266:Forbes
233:Career
216:Odisha
204:Orissa
157:Awards
145:
130:Spouse
71:Orissa
317:crore
258:US$ 2
254:US$ 1
220:Delhi
149:)
141:(
137:
1379:2023
1368:ISSN
1346:2021
1320:2021
1294:2021
1268:2021
1261:Mint
1242:2024
1231:ISSN
1208:2024
1146:2019
1116:2019
1091:2019
1064:2019
1033:2019
1002:2019
972:2019
939:2019
908:2019
878:2019
852:2023
826:2023
782:2019
751:2019
725:2019
694:2019
663:2019
633:2019
603:2022
596:Mint
577:2024
551:2024
525:2024
518:Mint
499:2019
466:2024
440:2020
359:US$
329:₹277
325:₹877
315:229
304:and
243:US$
147:2023
50:Born
1398:on
308:.
302:Goa
176:of
174:CEO
1411::
1362:.
1336:.
1310:.
1285:.
1259:.
1229:.
1225:.
1198:.
1180:.
1162:.
1132:.
1107:.
1081:.
1054:.
1050:.
1023:.
1019:.
988:.
962:.
956:.
929:.
925:.
894:.
842:.
816:.
798:.
772:.
768:.
741:.
715:.
711:.
649:.
623:.
619:.
594:.
568:.
542:.
516:.
485:.
474:^
456:.
431:.
391:,
281:.
214:,
202:,
143:m.
69:,
58:)
1381:.
1348:.
1322:.
1296:.
1270:.
1244:.
1210:.
1184:.
1166:.
1148:.
1118:.
1093:.
1066:.
1035:.
1004:.
974:.
941:.
910:.
880:.
854:.
828:.
802:.
784:.
753:.
727:.
696:.
665:.
635:.
605:.
579:.
553:.
527:.
501:.
468:.
442:.
313:₹
54:(
23:.
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
