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Meet Ritesh Agarwal- The Founder of OYO Rooms!

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Ritesh Agarwal

Ritesh Agarwal is the founder and CEO of OYO Rooms, an Indian multinational hospitality chain of leased and franchised hotels, homes, and living spaces in all kinds of budgets.

Some Quick Facts about Ritesh Agarwal

TITLEDESCRIPTION
NameRitesh Agarwal
Age29 years (as of 2023)
Birthdate16 November, 1993
ZodiacScorpio
BirthplaceBishama Katek, Odisha
HobbiesCycling
Educational QualificationIndian School of Business and Finance
New Delhi
Net WorthRs 4195.1 crores (as of 2023)
OccupationFounder and CEO of OYO Rooms
NationalityIndian
ReligionHinduism
Marital StatusMarried to Geetansha Sood
Father’s NameRamesh Agarwal
Mother’s NameNot known
Social Media PresenceInstagram: Click here
Twitter:
Click here

Early Life and Education


Ritesh Agarwal was born in a Marwari family in Bissam Cuttack, Odisha, India and brought up in Titilagarh. His family ran a small shop in Rayagada, Odisha. He graduated from Sacred Heart School, and later St. Johns Senior Secondary School

He moved to Delhi in 2011 for college where he was admitted to the Indian School of Business and Finance.

His father’s name is Ramesh Agarwal and he recently passed away due to a fall from a building in Gurgaon, Haryana on March 10. His mother’s name is unknown but she is a housewife.

Agarwal married Geetansha Sood, a native of Lucknow, on 7 March 2023. His wife is the director of Formation Ventures Limited, which is a private firm. 

He announced her wife’s pregnancy on October 13 via his social media platforms. They also tied their knots in this same year.

Physical Features

Height1.75 m (5’9″)
Weight70 kg
Eye ColorBlack
Hair ColorBlack

Some Interesting Facts about Ritesh Agarwal

  • Ritesh Agarwal is the founder and CEO of OYO Rooms, an Indian multinational hospitality chain of leased and franchised hotels, homes, and living spaces in all kinds of budgets
  • Ritesh Agarwal was born in a Marwari family in Bissam Cuttack, Odisha, India and brought up in Titilagarh.
  • He completed his studies from St. Johns Senior Secondary School.
  • He moved to Delhi in 2011 for college where he was admitted to the Indian School of Business and Finance.
  • His father’s name is Ramesh Agarwal and he recently passed away due to a fall from a building in Gurgaon, Haryana on March 10. His mother’s name is unknown but she is a housewife.
  • Agarwal married Geetansha Sood, a native of Lucknow, on 7 March 2023.
  • In 2011, Agarwal started an Airbnb equivalent called “Oravel Stays”.
  • He went through the accelerator program Venture Nursery in 2012
  • He later became one of the winners of the 2013 Thiel Fellowship, receiving a grant of $100,000.
  • The company was launched as OYO Rooms in May 2013.
  • By September 2018, the company raised $1 billion. 
  • Ritesh Agarwal has joined Shark Tank India Season 3, making him the youngest member on the panel. 

Career

In 2011, Agarwal started an Airbnb equivalent called “Oravel Stays”. He went through the accelerator program Venture Nursery in 2012.

Later, he became of the winners of the 2013 Thiel Fellowship, receiving a grant of $100,000.

In 2013, OYO Rooms was launched by the company.

By September 2018, the company raised $1 billion. In July 2019, it was reported that Agarwal purchased $2 billion in shares in the company, tripling his stake.

He was featured in the Forbes 30 under 30 list for Asia in 2016 and the Economic Times’ 40 under 40 list in 2018.

Today, OYO Rooms operates in more than 800 cities across 80 countries and has been valued at over $10 Billion.

Shark Tank Season 3

Ritesh Agarwal has joined Shark Tank India Season 3, making him the youngest member on the panel. 

He is the new judge of this season along with Deepinder Goyal, CEO of Zomato and Azhar Iqubal, CEO of Inshorts.

All the audience is excited to watch this year’s pitches.

Net Worth and Salary

Agrawal publicly holds 58 stocks with a net worth of over Rs 4,195.1 crore. The worth figures can change rapidly due to various factors such as stock market fluctuations, business growth, and personal investments.

FAQ’s

Who is Ritesh Agarwal?

Ritesh Agarwal is the founder and CEO of OYO Rooms.

Who is Ritesh Agarwal’s wife?

Geetansha Sood is the wife of Ritesh Agarwal.

Also Read Meet Deepinder Goyal- CEO of Zomato!

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