Ritesh Agarwal is an Indian media magnate and internet entrepreneur. He is the CEO and founder of OYO Rooms. He is also known as the world’s second youngest self-made billionaire. Ritesh was awarded the Business World Young Entrepreneur Award. Ritesh Aggarwal made OYO the third-largest hospitality chain in the world. So today we will know about Ritesh Agarwal’s Biography including his net worth, monthly income, business, education, career, struggle, and the success story of Oyo. So keep on reading this post ahead.
Ritesh Agarwal Biography – Overview
Let us tell you that Ritesh Agarwal was born on 16 November 1993, in Bissam Cuttack Odisha. He belonged to a middle-class Marwari family. His family consists of a mother, a father, and three brothers and sisters. The ability to do business must be present in every pore of his body. His father works closely with Infrastructure Corporation and his mother is a housewife.
|Full Name||Ritesh Agarwal|
|Occupation||Founder of OYO Rooms|
|Net Worth||$1.1 billion (As per the Financial Express)|
|In Rupees||INR 7253 crore|
|Birthday||16th November 1993|
|Birth Place||Cuttack (Bhisam), Orissa|
Ritesh Agarwal Net Worth 2023
Through this fellowship, 20 entrepreneurs under the age of 20 are selected and they are given an amount of $1,00,000. Ritesh was very happy to know about this fellowship and he applied for it. He was selected for the fellowship. Ritesh Agarwal was the first person from India to be included in the list of Theil Fellowship. With the help of this amount of money, Ritesh took his OYO Rooms to a very high position. After that, many venture companies helped Ritesh in his financial situation by giving him money. First Venture Nursery helped by providing funds, and then Lightspeed Ventures, Sequoia, and many other ventures helped. In July 2015, SoftBank gave $100 million to OYO Rooms.
Today his total net worth is approx. $2 billion, equivalent to Rs. 16,462 crores. Today he is the owner of property worth 1.1 billion dollars. Even after reaching the pinnacle of success, Ritesh has not forgotten his land and values, he still lives a simple life.
Ritesh Agarwal’s Monthly Income
However, he did not get many benefits from this name, so after that, he changed the name of this company to OYO Rooms, which wrote a new history of success in just 8 years this company became worth Rs 75 thousand crores and today this company is present in 80 countries. Ritesh, who till yesterday was considered useless in the house, has now become an example for crores of people.
Today, the name of OYO Rooms has become famous as India’s biggest budget-branded hotel chain and all this is the result of the hard work of Ritesh Aggarwal. Becoming India’s top businessman at the age of 21 is an example in itself which will inspire crores of people to learn from Ritesh. Ritesh monthly income from his all businesses and share equity is approximately $1.5 million.
Life of Ritesh Agarwal (Business, Education, Career)
Ritesh was very fond of visiting new places. He got a chance to travel a lot and has visited many places in the world. He had to face many issues related to arranging accommodation while traveling. Like sometimes they get to live in a bad place even after paying a lot of money and sometimes they used to get a very good place for less money. Many such experiences inspired Ritesh and he decided to start his online rooms booking community so that customers can get a place to stay with good facilities. At the age of 18, Ritesh started Oravel Stays Pvt. Ltd. began. Oravel is a start-up platform that makes a list of hotels available everywhere makes their booking within people’s budget and gives them half the price.
But after a few days, Ritesh realized that they only provide rooms to people at half the price but are unable to fulfill them by ignoring the comforts and amenities of those customers. Therefore, in year 2013, Ritesh changed the name of Oravel Stays to OYO Rooms, in which along with comfortable rooms at low prices, every kind of comfort is taken care of by the customer, and breakfast is also provided, that too for free.
FAQs about Ritesh Agarwal’s Bio (Wiki)
Q.1 Who is Ritesh Agarwal?
- Ritesh Aggarwal is a businessman and founder of OYO Rooms. Oyo provides good rooms along with good facilities in the hotel.
Q.2 What is the net worth of Ritesh Agarwal?
- As per the Financial Express reports, Ritesh Agarwal’s net worth was $1.1 billion (In Rupees 7253 crore) in 2020.
Q.2 What is the name of Ritesh Agarwal’s wife?
- Ritesh Aggarwal is going to get married on 7 March 2023. He is marrying his girlfriend. his wife’s name is Geetansha Sood. Geetansha Sood is the director of Formation Venture.