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Assignment - : Submitted by - RAJ BIKRAM (GWT-1933048)

Ritesh Agarwal is an Indian entrepreneur and founder of OYO Rooms. He was born in 1993 in Odisha, India to a middle-class Marwari family. He developed an early interest in computers and coding. He dropped out of college to start his first company Oravel Stays in 2012, which was later pivoted to OYO Rooms in 2013. OYO Rooms provides affordable and standardized accommodations. It has expanded internationally and become one of India's largest startups. Ritesh Agarwal was selected for the Thiel Fellowship in 2013 and has demonstrated strong leadership, management skills, and the ability to learn from mistakes in building OYO Rooms into a global brand.

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Rajiv Sarkar
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65 views9 pages

Assignment - : Submitted by - RAJ BIKRAM (GWT-1933048)

Ritesh Agarwal is an Indian entrepreneur and founder of OYO Rooms. He was born in 1993 in Odisha, India to a middle-class Marwari family. He developed an early interest in computers and coding. He dropped out of college to start his first company Oravel Stays in 2012, which was later pivoted to OYO Rooms in 2013. OYO Rooms provides affordable and standardized accommodations. It has expanded internationally and become one of India's largest startups. Ritesh Agarwal was selected for the Thiel Fellowship in 2013 and has demonstrated strong leadership, management skills, and the ability to learn from mistakes in building OYO Rooms into a global brand.

Uploaded by

Rajiv Sarkar
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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ASSIGNMENT – 1

Submitted by - RAJ BIKRAM (GWT-1933048)


PROFILE OF ENTREPRENEUR
RITESH AGARWAL Founder and CEO of OYO Rooms
FAMILYBackground
AND EDUCATION
Ritesh Agarwal was from a middle-class Marwari family who resides in the state of
Orissa. Ritesh Agarwal was born and brought up in Bisam in Cuttack, Orissa. His date of birth is
16th November 1993.

His father was also a small businessman in the town and now a days an employee in a firm. We
can say entrepreneurship was in his blood. His mother is housemaker/housewife. His father
always support him in every decision.

He did his schooling from St. Johns Senior Secondary School and moved to Delhi in 2011 for
college. He dropped out of college

His ways were rather unconventional from those of other kids his fun element was to screwing
with the computer and trying hard opportunities to make mistakes so that he could learn new
stuff. And doing that he gained a keen interest in software.
FAMILY AND EDUCATION
This started with the idol friend, moved on to know more about it and then hunger went on
increasing to quinces thirst to no more He brought his elder brothers books for programming.
Some of the fundamental languages like Pascal, basic were taught in the school itself and
rest him manage to learn from Google.

Interestingly he started coding when he was 8 years old, so software had begun his first love. By
the time he reached 10th grade, he had made up his mind that he wanted to take coding for a
leaving.

In Kota (Rajasthan), where he was ostensibly preparing for his IIT entrance exams, Ritesh
said that he couldn’t wait every weekend to slip out to Delhi and meet those doing their own
thing.

He was also preparing for SAT go to USA for higher education that did not happen. He also took
admission in Indian School of Business and Finance but later he dropped
Start-up journey
At the age of 17, Ritesh started his entrepreneurial journey. Oravel Stays Pvt.Ltd. was launched
after he dropped out of his college, in the year 2012. That was his first startup The company Oravel
was designed for customers to enjoy the platform for enabling listing and booking of budget
accommodation. Being an avid traveller, he soon realized that the budget hospitality sector lacked
predictability

So, in 2013 he pivoted Oravel to OYO Rooms with the key proposition of offering affordable and
standardized accommodation.

According to CB Insights for The New York Times research, OYO Rooms is the next start-up
unicorn company that will satisfy the customer needs with a budget.

The name Oyo means “on your own”.

Ritesh Agarwal was selected for the “20 under 20” Thiel Fellowship in 2013
from Peter Thiel.. The Thiel Fellowship is a two-year program wherein fellows receive $100,000
and mentorship from the foundation’s network.
DECISION TAKEN BY HIM

1. He was in 10th grade when he took the decision that he wanted to take coding for leaving and
would do some business.

2. After 2011,  Ritesh moved to Delhi with strong intenseness of starting up something of his own.

3. He took the Decision to start his own start-up ORAVEL Stays Pvt. Ltd.

4. After that he took the decision to convert ORAVEL into OYO which was also his best decision.

5. According to that situation he took the decision to chose investers for his start-up Lightspeed
India, Seqoiua and others.
6. In April 2015, OYO app was launched for reach out to the consumers.

7. After successful everywhere he took the decision to expand his business in the world.

8. He expand his business in Nepal, Malaysia, UAE, UK, Dubai, Singapore, Indonesia and
China also, now the china has more OYO rooms than India.

9. Ritesh Agarwal will take a 100 per cent salary cut for the rest of the year and the company’s
entire executive leadership team has taken a voluntary pay cut starting at 25 per cent and
going up to 50 per cent to enable building the runway for the company.

10. OYO also partnered with Apollo Hospitals to offer sanitized beds and facilities in certain
COVID-19 exclusive hotels it identified within its network in the proximity of Apollo
Hospitals. The partnership will be active in six cities- Mumbai, Delhi, Hyderabad, Chennai,
Bengaluru and Kolkata for the purposes of self-quarantine and isolation for suspected
COVID-19 patients that require medical observation and supervision.
QUALITIES OF RITESH AGARWAL

1. Goal Oriented / Determinate


2. Dedication
3. Devotion to informal learning
4. Learn from Mistake
5. Hardworking
6. Management skills
7. Leadership
8. Hire the right people
9. Passions
10.Think big
11.Declutter and Prioritize
12.Focus on customer / consumer
MY PROFILE COMPARISON ON VARIOUS
ASPECT OF QUALITY

We know that comparison with some great personality or someone else is sometimes not good,
because everyone have different qualities and thinking which direct towards his goal. So I will
compare my self with that quality which is similar between us or you can say helpful for the goal.

1. Goal oriented
2. Hardworking
3. Learn from mistake
4. Passions
5. Management skills
6. Declutter and Prioritize

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