Shri Ramswaroop Memorial University

Submitted To:
Dr. Pragati Sirohi

Submitted By:
Session (2022-23)
• Vijetanand Gautam – 71
• Richa Mishra – 05(HC)
• Adarsh Kumar Yadav - 81
Innovation &
• Chirag Kevlani – 85 Entrepreneurship
• Sarthak Trivedi – 93 (MMG2020)
❑ PROFILE

Ritesh Agarwal

FOUNDER & CEO, OYO ROOMS NEW DELHI

 About Ritesh ;
➢ He is the founder and CEO of disruptive hospitality
business and app - Oyo Rooms - a network of 2,200
hotels operating in 154 cities across India - with monthly
revenues of $3.5m and 1,500 employees.

➢ It has raised a total of $125million of funding in 4 rounds

from 7 investors. Agarwal has won many awards and
accolades for his work including the Business World
Young Entrepreneur Award.
 The Beginning of OYO rooms:
• At age 16, Ritesh was chosen among 240 children to be
a part of Asian Science Camp held at TIFR, Mumbai.
• During that time, Ritesh found free time and started to
travel a lot and stayed in PGS Budgeted Hotels.
• He used to sneak into various events and conferences,
as he couldn't afford to stay at hotels and breakfast
place. There he met many Entrepreneurs and Business
Tycoons.
And there it all started..
 Life as an Entrepreneur
FORMATION OF ORAVEL STAYS

➢ In 2011, Ritesh moved Delhi to start something of his

own. Money was not a problem for him as he was
getting a good pocket money of amount Rs-
15,000/month.

➢ Ritesh felt that budget hotels in India didn't even

meets the basic needs of travelers. Capitalizing on this
opportunity, he started his first venture in 2012-
"ORAVEL STAYS“.

➢ Meant for the destinations having short and mid term

rentals with bed and breakfast joints, private
apartments, and many other services.
 TRANSFORMATION TO OYO ROOMS

➢ After quitting ORAVELS STAYS, Ritesh went

into thinking mode. With sufficient money in
pocket, started working on new found ideas.

➢ This got him motivated again, to create

another social community to bring
information about all good places together.

➢ At last he presented his new business model

and in 2013 he re-launched ORAVEL STAYS
as OYO ROOMS.

➢ OYO: ON YOUR OWN. It was nothing but an

idea to create India's largest chain of efficient
young standardized rooms with no add-on
charge on an affordable price.
 Case Study Analysis : Ritesh Agarwal
Ritesh Agarwal, the founder and CEO of OYO, has achieved significant success at a young age,
and there are several reasons that can be attributed to his success:

❑ Visionary Entrepreneurship: Ritesh Agarwal had a clear vision of the Indian hospitality
industry and the potential for growth in the budget hotel segment. He started OYO with
the aim of transforming the fragmented and unorganized budget hotel industry in India by
standardizing and digitizing it.
❑ Innovation: Ritesh Agarwal was innovative in his approach to solving the problems faced
by the budget hotel industry. He introduced a unique business model that leveraged
technology to create a seamless and standardized experience for customers.
❑ Persistence: Ritesh Agarwal faced numerous challenges in his entrepreneurial journey, but
he persevered and continued to work towards his goals. He was determined to succeed
and never gave up on his vision.
❑ Focus on Customer Experience: Ritesh Agarwal understood the importance of
customer experience and focused on delivering a consistent and high-quality
experience to customers across all OYO properties. This helped to build customer
loyalty and brand reputation.
❑ Strategic Partnerships: Ritesh Agarwal forged strategic partnerships with various
stakeholders in the hospitality industry, including property owners, investors, and
technology providers. This helped to expand the reach and capabilities of OYO and
accelerate its growth.
❑ Strong Leadership: Ritesh Agarwal is a strong leader who inspires his team to share
his vision and work towards achieving it. He has built a strong culture of innovation,
collaboration, and excellence at OYO, which has contributed to its success.

Overall, Ritesh Agarwal's success can be attributed to his entrepreneurial vision,

innovation, persistence, focus on customer experience, strategic partnerships, and
strong leadership.
His Impact;
In a country that lacks a steady supply of
budget hotel chains, Ritesh has provided a
means of booking affordable, standardized
rooms for people traveling throughout the
country.

Ritesh is a regular speaker at entrepreneurial

conferences and institutes across India and
the world and a fellow of the Thiel
foundation. Through his speeches, lectures
he motivates the youth to keep striving for
success by being creative.
thankyou
धन्यवाद