By,

Naveena Raikwar
MBA sem3(Finance)
150
Ritesh Agarwal is an Indian entrepreneur,the
founder and CEO of OYO Rooms - the fastest
growing Branded network of hotels offline &
online

He started his entrepreneurial journey at the age

of 17 and is considered to be one of the youngest
CEOs in India
• In 2011, Ritesh moved to Delhi with intentions of
starting up something of his own and at the same
time to prepare for SAT to move to the US for
further studies.

• He had joined the University of London’s Indian

campus, but just after three days of joining he felt
that he couldn’t continue.

• Soon, he started travelling extensively across India

at the age of 17 and stayed in PG’s , budget hotel
due to his stay experiences he felt to launch Oravel
stays in 2012.
• Oravel Stays Pvt. Ltd was his first startup in the year 2012.
Oravel was designed as a platform to enable listing and
booking of budget and premium accommodations.

• In simpler terms, it was meant to be destination for short and

midterm rentals for bed and breakfast joints, private rooms
and serviced apartments.

• Soon, Agrawal realised that just a combination of bed and

dinner would not fulfill the expectations of budget travelers
in India so he transformed Oravel stays to OYO ROOMS,
2013 with the key proposition of offering affordable and
standardized accommodation.
• The main factor affecting stay at OYO rooms is
changing Customers Prefrences.

• According to research analysis, OYO rooms should

focus upon Empathy, Tangibles, reliability, Assurance
and Responsiveness to keep customers happy and should
try to maintain consistency in all the important factors.
• Ritesh says dedication, determination, and
devotion to informal learning are the key to his
success.

• He also mentions Patience, perseverance, and

conviction are the most important skills a founder
must have.