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Ritesh Agarwal (OYO Founder) Biography, Age, Wife, Family & More

Ritesh Agarwal (OYO Founder)

Ritesh Agarwal (OYO Founder)

Ritesh Agarwal (OYO Founder), the Indian billionaire entrepreneur, serves as the founder and CEO of OYO, India’s largest hotel network. With a monthly revenue of $3.5 million and a workforce of 1,500 employees spread across 154 cities in the country, OYO Rooms stands as a significant player in the hospitality industry. Ritesh achieved a remarkable feat in 2012, making history as the world’s second-youngest self-made billionaire at the age of 25. ‍

Ritesh Agarwal (OYO Founder) Biography

Bio
Profession Entrepreneur
Physical Stats & More
Height in centimeters- 175 cm
in meters- 1.75 m
in feet inches- 5’ 9”
Eye Colour Black
Hair Colour Black
Personal Life
Date of Birth 16 November 1993
Age (as of 2022) 29 Years
Birthplace Cuttack, Odisha, India
Zodiac sign Scorpio
Nationality Indian
Hometown Cuttack, Odisha, India
School Not Known
College/University Indian School of Business and Finance, Delhi
Educational Qualification College Dropout
Family Father– Ramesh Agarwal (died after falling from the 20th floor of a Gurugram high-rise building on 10 March 2023)
Religion Hinduism
Hobbies Cycling
Controversies Ritesh faced challenges with his co-founders and employees at Oravel, with some labeling him as untruthful and incapable of coding. Allegations from Kunal Pandya of NCrypted Technologies included claims that Ritesh failed to fulfill an agreement involving the licensing of the vacation rental portal ‘BistroStays.’

• In September 2019, Bengaluru Police filed charges against Ritesh and two representatives for cheating and criminal breach of trust following a complaint from businessman Natarajan V R S. He accused Ritesh of violating an agreement made in June 2017, where Oyo was to receive 20% of the share and provide reservations, but instead took 80%, cheating him of over Rs. 1 Crore. Charges were filed under IPC Section 406 (criminal breach of trust) and 420 (cheating).

• On 14 September 2020, the Mohali Police initiated a case of “fraud and criminal conspiracy” against Ritesh Agarwal based on a complaint from a Chandigarh businessman. The victim alleged illegal and criminally motivated actions, accusing Ritesh and his team of cheating in a business agreement.

Girls, Affairs and More
Marital Status Married
Marriage Date 7 March 2023
Wife/Spouse Geetansha Sood
Children Son– Aryan
Money Factor
Net Worth $2 billion

 

Ritesh Agarwal Some Lesser Known Facts About

At the age of 13, Ritesh began his entrepreneurial journey by selling SIM cards. Despite enrolling in the University of London’s International Programme through the Indian School of Business and Finance, he found little connection with the coursework, opting instead to actively participate in numerous entrepreneurship events.

At the age of 17, an age when many are uncertain about their paths, Ritesh boldly dropped out of college to pursue his dream of becoming an entrepreneur. This marked the inception of ‘OYO Rooms’ in January 2013—an Indian hotel brand that owns, operates, and aggregates standardized hotel rooms. The company has expanded its operations to Malaysia and Nepal.

In 2013, Ritesh’s achievements were further highlighted when he was nominated for the prestigious ‘Thiel Fellowship,’ a two-year program initiated by PayPal founder Peter Thiel. As the first Asian to receive this fellowship, he was mentored by revolutionary entrepreneurs like Mark Zuckerberg and Elon Musk. During this period, he was awarded a fellowship of $100,000.

Ritesh Agarwal Age & Personal life

Born on 16 November 1993, Ritesh Agarwal is an Indian entrepreneur, renowned as the founder and CEO of OYO Rooms. Since 2024, he has been featured in Shark Tank India.

Ritesh Agarwal, born into a Marwari family in Bissam Cuttack, Odisha, India, was raised in Titilagarh. His family operated a small shop in Rayagada, Odisha. He completed his education at Sacred Heart School and later at St. Johns Senior Secondary School before relocating to Delhi for college in 2011.

On 7 March 2023, Ritesh Agarwal tied the knot with Geetansha Sood, a Lucknow native.

Ritesh Agarwal Wife

Ritesh Agarwal (OYO Founder) Career

In 2011, Agarwal initiated an Airbnb equivalent named “Oravel Stays. His venture underwent the accelerator program Venture Nursery in 2012 and emerged as one of the winners of the 2013 Thiel Fellowship, securing a grant of $100,000. Subsequently, the company rebranded as OYO Rooms and officially launched in May 2013.

By September 2018, OYO Rooms successfully secured $1 billion in funding. In July 2019, reports indicated that Agarwal significantly bolstered his stake by purchasing $2 billion in company shares, tripling his ownership.

Recognized for his accomplishments, Agarwal earned a spot on the Forbes 30 under 30 list for Asia.

In 2023, he made history as the youngest Shark featured on Shark Tank India.

Ritesh Agarwal (OYO Founder)

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