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    Ritesh Agrawal

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    Kanika Lal
    Ritesh Agrawal is the CEO of OYO Rooms, which began as a single hotel in 2013 and has grown to over 2,000 hotels across 100+ Indian cities. OYO Rooms provides standardized, affordable accommodation and uses technology to connect hotel owners. Ritesh started OYO Rooms at age 17 after dropping out of college, and has raised over $125 million in funding to expand the business. He faced challenges establishing trust but overcame difficulties to build a successful company and be named one of the world's youngest CEOs.

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    Ritesh Agrawal

    Uploaded by

    Kanika Lal
    1K views16 pages
    Ritesh Agrawal is the CEO of OYO Rooms, which began as a single hotel in 2013 and has grown to over 2,000 hotels across 100+ Indian cities. OYO Rooms provides standardized, affordable accommodation and uses technology to connect hotel owners. Ritesh started OYO Rooms at age 17 after dropping out of college, and has raised over $125 million in funding to expand the business. He faced challenges establishing trust but overcame difficulties to build a successful company and be named one of the world's youngest CEOs.

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    Ritesh Agrawal is the CEO of OYO Rooms, which began as a single hotel in 2013 and has grown to over 2,000 hotels across 100+ Indian cities. OYO Rooms provides standardized, affordable accommodation and uses technology to connect hotel owners. Ritesh started OYO Rooms at age 17 after dropping out of college, and has raised over $125 million in funding to expand the business. He faced challenges establishing trust but overcame difficulties to build a successful company and be named one of the world's youngest CEOs.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    1K views16 pages

    Ritesh Agrawal

    Uploaded by

    Kanika Lal
    Ritesh Agrawal is the CEO of OYO Rooms, which began as a single hotel in 2013 and has grown to over 2,000 hotels across 100+ Indian cities. OYO Rooms provides standardized, affordable accommodation and uses technology to connect hotel owners. Ritesh started OYO Rooms at age 17 after dropping out of college, and has raised over $125 million in funding to expand the business. He faced challenges establishing trust but overcame difficulties to build a successful company and be named one of the world's youngest CEOs.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 16

    Ritesh Agrawal

    CEO Of OYO Rooms

    Presented byKanika lal


    Pooja pathak
    Nitin sharma
    Ranjit yadav
    Kulpreet kaur alok
    Sagar nile

    About OYO rooms


    OYO MEANS ON YOUR OWN
    branded network of hotels in India.
    operates in more than 120 Indian
    Provides standardized hotel rooms with
    features
    OYO Rooms App for booking rooms on the go
    Hotel owners who partner with OYO Rooms
    are connected via worlds first tablet based
    property management App and become part
    of the OYO brand

    About OYO rooms


    OYO Rooms started with 1 city and 1
    hotel (OYO Rooms Huda City Centre) in
    Gurgaon in May 2013
    The company as of August 2015 has
    2,000+ hotels (more than 20,000
    rooms) in 100+ cities of India.
    The company plans to add more than
    50 cities by the end of 2015.OYO
    Rooms has been named India's largest
    budget hotel chain.

    About Ritesh Agrawal


    One of the youngest entrepreneurs of
    India at age 21
    Born- nov 16, 1993
    Founder of OYO Rooms in year 2013
    ( at age of 17)
    Educational
    qualificationcollege
    dropout

    How did the journey begin?


    Ritesh was born to a business class
    family in Bissam Cuttack in Orissa
    In 2009, Ritesh left for Kota to join IIT
    coaching institue
    He even started writing a book and
    ended
    up
    inscribing
    Indian
    Engineering Colleges: A Complete
    Encyclopaedia
    of
    Top
    100
    Engineering Colleges.

    How did the journey begin?


    When he turned 16 Ritesh was chosen
    among the 240 children to be a part of
    the Asian Science Camp held at the
    Tata
    Institute
    of
    Fundamental
    Research (TIFR) in Mumbai.
    During that time used to travel a lot,
    and stayed in PGs, budget hotels, etc.
    to attend events and conferences to
    meet entrepreneurs

    Business model
    OYO Rooms partners with hotels with
    the aim of standardization on various
    measures
    The standards are audited every few
    days so that the customers are
    assured a quality experience.
    OYOs budget stays range from 999 to
    4,000 rupees

    Business model
    OYO provides property owners with
    support such as quality standardized
    supplies and service training.
    OYO boasts of a 24x7 in-house
    customer service center.
    allow you to spend only 25% of your
    hard earned referral money when you
    book a hotel, the rest must be paid by
    the guest from his pocket.

    Early Life as an entrepreneur


    After finishing class 12th, he enrolled
    in Indian School of Business &
    Finance,Delhi.
    However, Agarwal didn't continue with
    his education and dropped out
    he started his first venture in 2012
    Oravel Stays!

    Early Life as an entrepreneur


    In a matter of no time, he also secured
    funding
    ofRs
    30
    lakhs
    from
    VentureNursery
    he also presented his idea at theThiel
    Fellowshipand reached amongst the
    top ten winners
    This was the time when his business
    was declining until he created OYO
    rooms

    Transformation to OYO Rooms


    Problem faced by travellers
    create an online yet social community to bring
    information about all good places together on one
    platform.
    re-launched Oravel as OYO Rooms.
    OYO Roomswas nothing but an idea to create Indias
    largest chain of efficient, young, standardized rooms
    By 2014,the company was clocking gross bookings of
    more thanRs.1 Cr. per month.
    Indias first technology driven network of standardized
    branded budget hotels

    Funding for the OYO Rooms


    2012:OYO Rooms got its first round of
    funding from Venture Nursery in December
    2012.
    2014:Another round of funding came from
    Lightspeed Ventures in February 2014.
    2015:In March 2015, OYO Rooms raised
    $25 million from Lightspeed, Sequoia and
    others.
    2015: In July, 2015, OYO Rooms raised
    $100 million from SoftBank.

    Growth of OYO Rooms


    From 1 hotel in 2013 to 2000+ by
    2015
    From 1 city to 150+ cities covering the
    whole of India
    From 2 employees to 1500+ employees
    Became a one billion dollar company
    by mid 2015

    Challenges faced by Ritesh


    Family
    Creating trust among investors and
    customers
    Maintaining stability in business

    Accomplishments
    Awarded the TiE-Lumis Entrepreneurial Excellence
    Award (2014)
    The first resident Asian to win 20 Under 20 Thiel
    Fellowship (2013)
    Named one of the Top 50 Entrepreneurs by TATA
    First Dot Awards (2013)
    Finalist of Global Student Entrepreneurship
    Awards-India
    Named one of the 8 Hottest Teenage Start Up
    Founders in the World by Business Insider (2013)
    Worlds Youngest CEO at 17(recognized at 16)

    Lessons we got..
    Thinking out of the box
    Hard work will always outweigh talent.
    Be passionate about what you are trying to
    achieve
    Proper execution of plans
    Failures are key to success
    Working in teams is essential for any plan to
    succeed
    Your big moment usually comes before youre
    ready for it.

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