OYO RITESH AGARWAL: FROM SELLING SIM TO OYO HOTELS

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Everything starts up with a dream! As said by APJ Abdul kalam sir.

Here is the inspiring story of Ritesh Agarwal a boy, from small town in Odisha whose net worth is now around 7000 crores. Ritesh was an enthusiastic boy who always dreamt of owning a business. Of course, his idea came from his Marwadi family who were leading life of middle class. Ritesh could take up his father’s business but, he always have a dream of starting something different.

His family was in view that Ritesh would attempt IIT exams and get settled as an Engineer. But, Ritesh always had other ideas. When he was 18 years old, he started his first business of selling SIM cards with fancy numbers. He saw profits at that age.

When Ritesh became 19! he decided that he is not going to study Engineering. He then started travelling to Delhi to know what are the business that are booming in the capital city. He used to meet every businessmen from small vendor to big entrepreneurs. He used to stay in Hotels whenever he travelled to Delhi. And, this is how the idea of OYO emerged.

As frequent traveler, Ritesh visited 100s of budget hotels in Delhi. He found it difficult to analyze the budget and facilities of hotels. He thought everyone might be facing the same issue. This though made him to establish Oravel Stays Pvt. Ltd. in the year 2012. Oravel is a platform with list of budget hotels and facilities in those hotels. He listed every budget hotel he visited in Delhi with detailed analysis of facilities available there.

In the year 2013 he started OYO rooms. Actually, he changed his venture ORAVEL to OYO  key aim of offering affordable and standardized accommodation. He was under 20 when he started OYO. For financial support he approached many industrialists and investors. They encouraged his enthusiasm and he kept his passion driving towards success. From 6000/- net worth in 2011 to 7000 crores in 2019 he made his dream come true and stood as an inspiration for many young entrepreneurs.

Now, the company is backed by investors like the Softbank Group, Greenoaks Capital, Sequoia Capital and Lightspeed India.

HAVE ONE DREAM AND FIND MAY WAYS TO GET SUCCESS!!

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