Ritesh Agarwal, CEO, OYO Rooms

This is a short presentation on an Indian Youngest CEO to be recognized all over the world. In this presentation, all about the lifestyle, idea, innovation, risk, downward movement, difficulties faced to become the youngest entrepreneur of the world. I hope you like the presentation.

1. By-GYANANJAYA BEHERA
OYO
GREAT EXPERIENCE, EVERYTIME
ROOMS
180415140003, B.COM-(H)

2. RITESH AGARWALRITESH
AGARWAL
Founder & CEO of OYO Rooms
❖An Indian Entrepreneur and
Worlds Youngest CEO at 17
❖Born at Bissam, Cuttack, Odisha
❖Net Worth $1 Billion
❖CEO –OYO Rooms (2013)
❖Board Member-Confederation of Indian Industry
❖OYOs Current Valuation nearly 360Cr
❖Belongs to a Marwari Family
❖Loves Coding and to Travel
❖First Asian to achieve the ‘Under 20 Peter Theil
Fellowship’

3. RITESH AGARWALRITESH
AGARWAL
Founder & CEO of OYO Rooms
❖An Indian Entrepreneur and
Worlds Youngest CEO at 17
❖Born at Bissam, Cuttack, Odisha
❖Net Worth $1 Billion
❖CEO –OYO Rooms (2013)
❖Board Member-Confederation of Indian Industry
❖OYOs Current Valuation nearly 360Cr
❖Belongs to a Marwari Family
❖Loves Coding and to Travel
❖First Asian to achieve the ‘Under 20 Peter Theil
Fellowship’
❖OYO: On Your Own
❖Founded: By RiteshAgarwal in 2013
❖Headquarter: Gurgaon, Haryana, India
❖Area Served: Asia, America and Europe
❖Funding: Soft Bank Group, Lightspeed
Venture Partners and Sequoia India
❖Website: www.oyorooms.com

4. HOW DID HIS JOURNEY BEGIN ?
•Born in a Business family at Bissam, Cuttack and
attended Scared Heart School, Rayagada
•He was different from rest of his friends, his fun and
learning was in Computers
•Try hard to find opportunities to make mistakes, to
learn new cool stuffs
•Doing that he gained a keen knowledge in software
•Started coding at age 8, software become his love
•In 2009, Riteshleft Kota for IIT, and took backseat for
Bansal Tutorials, that his dad got him enrolled into
•Rest of the time he used to chill and travel around
•Started writing a book-‘Indian Engineering Colleges: A
complete encyclopedia of top 100 engineering colleges

5. HOW DID HIS JOURNEY BEGIN ?
•Born in a Business family at Bissam, Cuttack and
attended Scared Heart School, Rayagada
•He was different from rest of his friends, his fun and
learning was in Computers
•Try hard to find opportunities to make mistakes, to
learn new cool stuffs
•Doing that he gained a keen knowledge in software
•Started coding at age 8, software become his love
•In 2009, Riteshleft Kota for IIT, and took backseat for
Bansal Tutorials, that his dad got him enrolled into
•Rest of the time he used to chill and travel around
•Started writing a book-‘Indian Engineering Colleges: A
complete encyclopedia of top 100 engineering colleges
•At age 16, Riteshwas choosenamong 240 children to be
a part of Asian Science Camp held at TIFR, Mumbai
•The camp was an annual forum for pre-collegiate
students who aimed at promoting discussion for the
better of science in the region
•During that time, Riteshfound free time and started to
travel a lot and stayed in PGs Budgeted Hotels
•Stay at odd bed and breakfast places and attend events
and conference to meet entrepreneurs
•Used to sneak into the events and conference, as he
couldn’t afford to the registration cost
•And there it all started
CONTINUED…

6. LIFE AS AN ENTREPRENEUR
FORMATION OF ORAVEL STAYS
➢In 2011, Riteshmoved 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
➢Riteshfelt that budget hotels in India didn’t even
meets the basic needs of traveler
➢Capitalizing on this opportunity, he started his first
venture in 2012-“ORAVEL STAYS”
➢Meant for the destination for short term and mid term
rentals for bed and breakfast joints, private rooms and
service apartments
➢Got funding of Rs-30 Lakhs from VentureNursery, an
Investorewho nurture Startups

7. ➢With new found confidence, he started working rigorously, but his business does not seems its picking up
➢After repeated trialto pick the business up, things were not falling in place
➢Ritesheven got Manish Sinha Gurgaon based Cinnamon stays, as their co-founder but unfortunately it didn’t
help and turned out to quit the company
➢Even tried to replicate AirBnBmodel, but that didn’t work and the company was not able to pick
substantial transaction
➢With sufficient money in pocket, started working in new found idea

8. TRANSFORMATION TO OYO ROOMS
❖After quitting ORAVELS STAYS, Riteshwent into
thinking mode and remind the accommodation issues
he used to face
❖There many a time he was sold a crappy place and
huge amount and a nice place in little amount
❖This got him motivated again, to create another social
community to bring information about all good places
together on one platform
❖At last he presented his new business model and in
2013 he re-launched ORAVEL STAYSas OYO ROOMS

9. OYO: ON YOUR OWN
✓OYO was nothing but an idea to create India’s largest chain of efficient young standardized
rooms with no add on with an affordable prices
✓OYO Rooms reached out to the prospective hotels or hotels owner could also reached out to them
an OYO’s Team would visit the place, audit the hotels to understand the changes that are required
to standardized the property as per OYO standardsand shares the same with the hotels
✓After the launch, Ritesheven got on board Bhawna Agarwal, former CEOat e-commerce firm
SeventyMMfor critical business advising
✓This time they decide to play in Smartand Safe way, and made sure to leave no stone unturned,
and tied-upwith dozen number of hotels and with their help offered rooms to customers
✓This planned made a success and eventually had to increasetheir teams of 2to 15and then to 25
✓In 2014, raised Rs-4 Crorefrom Lightspeed Venture Partners and DSG Consumer Partners at
a pre-money valuation at Rs-14 Crore

10. ACCOMPLISHMENTS
❖Awarded the TiE-LumisEntreprenuerialexcellence Award (2014)
❖The First resident Asian to win under 20 Theil 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 Startup Founders in the World’ by Business Insider (2013)
❖Worlds youngest CEO at 17 ( recognized at 16)

11. CONCLUSION
IN THE BEGINNING THE WILL CRITISIZE YOU, THEY WILL JUDGE YOU
BUT THEY DON’T KNOW YOU, WHAT ARE YOU CAPABLE OF
THEY ONLY THING YOU NEED TO DO IS
“BELIEVE IN YOURSELF”

12. “
It is extremely
important to build
something that a 100
people absolutely love
using rather than make
something that 1000
people would just, kind
of, like.
’’

13. THANK
YOU