Rose to fame after appearing on ‘Shark Tank India’ as one of the Sharks, Ritesh Agarwal is a promising Indian entrepreneur with an inspiring journey. The small-town boy with big dreams in his eyes and sleepless nights to make it big in a metro city, Ritesh Agarwal’s path has been full of bumps in the road. He is the Founder and CEO of OYO Rooms, an Indian venture with a whopping valuation.
Check out Ritesh Agarwal’s net worth, salary, and motivational story that has won him accolades and global recognition.
Ritesh Agarwal Story
“Every overnight success is at least a 10-year-old story,” said Ritesh Agarwal on the sets of ‘Shark Tank India’ season 3. One of the most renowned entrepreneurs in the country, Agarwal was born on November 16, 1993, in Bissam Cuttack town in Odisha and raised in Titilagarh where his parents owned a small shop. The Indian billionaire studied at Sacred Heart School in his hometown.
With eyes brimming with dreams, he set off to Kota, Rajasthan to crack IIT-JEE, India’s supreme engineering entrance exam. However, after a change of mind, he headed to Delhi to complete his higher studies. Having realised his true potential in entrepreneurship, he soon dropped out of college and thus began his days of struggle. He sold SIM cards in the initial days to stay well-fed, instead of revoking his plans and returning to the comfort of his hometown. Meanwhile, he also learnt programming and software development.
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In 2012, his career breakthrough occurred with Oravel Stays to help individuals locate budget stays which won a hefty funding. He further launched OYO Rooms in 2013 at the age of 24 which became a huge success after years of hard work and top-notch marketing.
OYO Full Form
Ritesh Agarwal's billion-dollar hotel-searching business venture OYO stands forOn Your Own. This indicates that OYO Rooms are a self-helping platform for users seeking room while travelling, organising parties, or looking for some private time with their partners.
Ritesh Agarwal Net Worth
The first-generation entrepreneur Ritesh Agarwal’s business venture OYO Rooms is currently valued at ₹74,000 crore. This success has made him the youngest Indian billionaire at 29 with a whopping net worth of ₹16,000 crore. He was also second on the world’s youngest self-made billionaires list in 2020, right behind Kylie Jenner. According to a Live Mint report, his salary rose to ₹5.6 crore for the financial year 2021-22.
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