Skip to content
AFLENCE
AFLENCE
Search
  • HOME
  • Profiles
    • Actor
    • Author
    • Cricketer
    • Entrepreneur
    • Gamer
    • Influencer
    • Journalist
    • Musician
    • Public Figure
    • Rapper
    • Stand-up Comedian
    • Singer
    • YouTuber
  • Web Stories
  • News
    • Cricket
    • Entertainment
    • Gaming
  • Aflence in Hindi
  • Disclaimer
  • Privacy Policy
  • About
  • Contact Us
  • Apply for Listing
AFLENCE
AFLENCE
Search

Ritesh Agarwal- Bio, Age, OYO, Net worth

By Anshika Agarwal / March 11, 2023
Ritesh Agarwal

Ritesh Agarwal

Table of Contents

  • Ritesh Agarwal
    • Bio
        • Family
        • Education
    • Career
        • Honors & Awards
      • Controversies
        • An Allegation of cheating by Oyo’s co-founder
        • Fine in USA
        • Allegations of fraud
    • Ritesh Agarwal Net Worth
    • Social Media of Ritesh Agarwal
    • FAQ (Frequently Asked Questions)
    • READ ALSO

Ritesh Agarwal is an Indian entrepreneur who is a founder and CEO of OYO Rooms.

Born16 November 1993, Odisha, India.
Height5ft 9 in (175 cm)
Fatherlate Shri Ramesh Agarwal
MotherNot Known
WifeGeetansha Sood
 

Bio


Ritesh Agrawal is a young entrepreneur and businessman, who was born on 16 Nov 1993 in Bassam Cuttack Rayagada Odisha, India. He is a founder and CEO of OYO Rooms.

Family

Ritesh Agarwal was born in a Marwari family in Bissam Cuttack, Odisha, India and brought up in Titilagarh. His family consists of mother, father and three brothers. His father works with Infrastructure Corporation and his mother is a housewife. 

Agarwal gets married to Geetansha Sood.

Education

His schooling was completed from Sacred Heart School in Rayagada. He graduated from St. Johns Senior Secondary School, Kota, Rajasthan and moved to Delhi in 2011 for college. He dropped out of college, and was selected for the Thiel Fellowship (started by Peter Thiel) in 2013.

Ritesh Agarwal
Ritesh Agarwal
 

Career


Ritesh started a budget accommodation portal, Oravel Stays, for booking budget hotels. It was accepted into the accelerator program by Venture Nursery in September 2012, and later was one of the winners of the 2013 Thiel Fellowship program, receiving a grant of $100,000.The company was launched as OYO Rooms in May 2013.

By September 2018, the company raised $1 billion. In July 2019, it was reported that Agarwal purchased $2 billion in shares in the company, tripling his stake.

He is listed in the Forbes 30 under 30 list for Asia.

Ritesh Agarwal
Ritesh Agarwal
 

Honors & Awards

In June 2022, he was recognised by the International Hospitality Institute on the Global 100 in Hospitality, a list featuring the 100 Most Powerful People in Global Hospitality.

He was the winner of 2013 Thiel fellowship.

Ritesh Agarwal
Ritesh Agarwal
 

Controversies

An Allegation of cheating by Oyo’s co-founder

Agarwal is accused of cheating Oyo’s co-founder, Manish Sinha, during the early period of the company.

Fine in USA

Agarwal signed agreements through his company OYO with hotel owners in the US in which the buildings of the owners will be rebranded under the OYO name in exchange of compensation and guarantee income but left out the information that OYO is not authorized to operate franchise business in the state of California for which in March 2019, OYO was fined $200,000 by California regulators.

The company also received a cease and desist order from Washington, after regulators found OYO made offers to many hotel owners and managers, without proper registration.

Allegations of fraud

In September 2020, a case was lodged against Agarwal in Dera Bassi by a Chandigarh-based businessman for fraud and conspiracy under IPC 420 (cheating) 120 B (criminal conspiracy).

OYO faced backlash from 10,000 hotel owners in India. According to them, OYO takes up half or more of the revenues through fees that are not disclosed at the time when the hotels join OYO.

According to an October 2019 report, police cases were filed against OYO by hotel operators in Bangalore, Mysore, and other cities of Karnataka accusing Agarwal of fraud. The latter, however, successfully appealed for a stay order on one case in Bangalore.

Ritesh Agarwal
Ritesh Agarwal
 

Ritesh Agarwal Net Worth


His net worth in 2020 was estimated to be approximately $1.1 billion (₹8000 crore) according to Hurun Rich List 2020. As of February 2020, he is the youngest self made billionaire in the world. He is listed in the Forbes 30 under 30 list for Asia.

Hospitality and travel-tech firm Oyo’s founder and chief executive officer (CEO) Ritesh Agarwal’s salary rose to ₹5.6 crore during the financial year ending March 2022, up about a whopping 250% from the total compensation of ₹1.6 crore during the year ended March 2021, as per the latest DRHP.

Ritesh Agarwal
Ritesh Agarwal

Net Worth$1.1 billion
Net Worth In Indian Rupees₹8000 crore INR
Monthly Income And Salary 10 Crore Rupees
Yearly Income 100 Crore Rupees
Income Source Business
   

Social Media of Ritesh Agarwal


Ritesh Agarwal instagram
Instagram

 

Ritesh Agarwal
Twitter
 
Ritesh Agarwal
Linkedin

 

   

FAQ (Frequently Asked Questions)


1. Is Ritesh Agarwal from IIT?
Ans. He couldn’t clear the IIT entrance either, but that didn’t stop him from achieving his dreams.

2. Where is Ritesh Agarwal from?
Ans. Ritesh is from Bassam Cuttack Rayagada Odisha.

3. What is age of Ritesh Agarwal?
Ans. Ritesh Agarwal is 29 years old.

4. What is net worth of Ritesh Agarwal?
Ans. Ritesh Agarwal net worth is $1.1 billion.

5. Is Ritesh Agarwal still a billionaire?
Ans. In July 2019, it was reported that Agarwal purchased $2 billion in shares in the company, tripling his stake.

6. What is the salary of Ritesh Agarwal in OYO?
Ans. Ritesh Agarwal’s salary rose to ₹5.6 crore during the financial year ending March 2022.

   
Virat Kohli 14
From Virat Kohli to Shubman Gill , Age of Indian Cricket players of India !
Read More
Riva arora
Some unknown facts about Indian teen actress, Riva Arora !
Read More
Rohit Sharma
Top 5 Most followed Mumbai Indians players in IPL on Instagram !
Read More
Shreyas Iyer
Rate of All Players of Kolkata Knight Riders in IPL 2023 !
Read More
RaftaaR
Some unknown facts about Raftaar !
Read More
Vineeta Singh (1)
Some unknown facts about Vineeta Singh from Shark Tank India !
Read More
Anubhav Singh Bassi (2)
Some unknown facts about Anubhav Singh Bassi !
Read More
Suryakumar Yadav
Top 5 highest scores in ind vs nz t20 internationals series !
Read More
Cillian Murphy (5)
Cillian Murphy, Know more about the lead of Oppenheimer !
Read More
King in MTV Hustle
Some unknown facts about King from MTV Hustle !
Read More
Jeetendra-Kumar-2
Know more about indian actor, Jitendra Kumar aka Jeetu Bhaiya !
Read More
Vishesh Bansal
Know more about the asur 2 star, Vishesh Bansal aka Shubh Joshi !!
Read More
Kaashvi - Kaash Plays (6)
Know more about the S8UL Content Creator and Gamer, Kaash Plays aka Kaashvi Hiranandnai !
Read More
ms dhoni world cup
Some unknown facts about MS Dhoni !
Read More
Ashleigh Gardner (2)
Top 5 scorer in WPL from Gujrat Giants !
Read More
Shark Tank INDIA season 2
Know more about the age of all sharks from Shark Tank India !
Read More
shadan
Some unknown facts about the Shadan Farooqui !!
Read More
cropped-Shami-100-wicket.webp
Mohammad Shami’s 100th IPL wicket a testament to his skill and consistency in the tournament !
Read More
Washington sundar
Some unknown facts about Washington Sundar !
Read More
Ishan Kishan MI
Top 10 expensive players in IPL auction 2022 !
Read More
Manisha rani
From TikTok Stardom to BIGG BOSS OTT: Know more about Manisha Rani !!
Read More
Virat Kohli 2
Top 10 most followed indian celebrities on Instagram !
Read More
Arshdeep Singh
Some unknown facts about Arshdeep Singh !
Read More
Rishabh Pant (2)
Top 5 Most followed Delhi Capitals players in IPL on Instagram !
Read More
Ranveer Singh
Some unknown facts about Ranveer Singh !
Read More
Shubman Gill (4)
Some unknown facts about Shubman Gill !
Read More
Shafali verma
Top 10 player for most sixes in WPL season 2023 !
Read More
Mohammad Siraj
Some unknown facts about Mohammed Siraj !
Read More
Nidhi Singh (3)
Know more about about indian TV actress, Nidhi Singh !
Read More
cropped-Don-Bradman.webp
Most double hundreds in Test career of Cricket !
Read More
KL Rahul 11
Top 5 run scorers in Lucknow Super Giants from current squad in IPL !
Read More
Saika Ishaque Mumbai Indians
Saika Ishaque, Know more about star bowler of Mumbai Indians in WPL !
Read More
Yuzvendra Chahal (1)
Some unknown facts about Yuzvendra Chahal !
Read More
Shubman Gill (7)
Top 10 most run scorers in ODI till FEB 2023 !
Read More
Anushka sen 19
Most viewed music videos of Anushka Sen !
Read More
Anushka Sen 16
From Anushka Sen to Aadhya Anand, Instagram followers of internet celebrities !
Read More
Shafali Verma
Know more about Indian Women’s cricketer Shafali Verma !!
Read More
Suryakumar Yadav
Some unknown facts about Suryakumar Yadav !
Read More
Ritivk-Sahore-5
Know more about the actor Ritvik Sahore, Campus Dairies to Ishq Express !!
Read More
Abdul Samad 1
Abdul Samad, Know more about the star allrounder of Sunrisers Hyderabad in IPL !
Read More

READ ALSO

Sameer satyarth
Sameer Satyarth (Sameer Anand) – Bio, Age, Net Worth, Radio on News, Entrepreneur
Read More
SACHIN BANSALcover 1
Sachin Bansal – Bio, Age, Net Worth, Flipkart
Read More
Piyush-Bansal
Peyush Bansal – Bio, Net Worth, LensKart, Shark Tank India
Read More
Shivani Dubey Cover 1
Shivani Dubey – Bio, Age, Alakh Pandey wife, Physics Wallah
Read More
Rohit Raj cover png
Rohit Raj – Bio, Age, Net Worth, Entrepreneur
Read More
Aman Gupta Cover 1
Aman Gupta – Bio, Age, Net Worth, BOAT
Read More
Amit Jain Cover 1
Amit Jain – Bio, Net Worth, CarDekho, Shark Tank India
Read More
Mehul Purohit
Mehul Purohit – Bio, Age, Net Worth, Multiphase Digital, Entrepreneur
Read More
Satya Nadella Cover 1
Satya Nadella -Bio, Age, Microsoft, Net worth
Read More
Sundar Pichai Cover 1
Sundar Pichai -Bio, Age, Google, Net worth
Read More
steve jobs cover 1
Steve Jobs-Bio, Age, Apple, Net worth
Read More
Nithin Kamath Cover 1
Nithin Kamath-Bio, Age, Zerodha, Net worth
Read More
Anupam Mittal 3
Anupam Mittal – Bio, Net Worth, Shaadi.com, Shark Tank India
Read More
Khan Sir Cover 1 jpg
Khan Sir – Bio, Real Name, Net Worth, YouTube, Teacher
Read More
Aman Dhattarwal 2
Aman Dhattarwal – Bio, Net Worth, YouTube, Apni Kaksha, Apna College
Read More
Shivani Sikri
Shivani Sikri (Dietician) – Bio, Age, Net Worth, Nutri4verve
Read More
Suumit Shah Cover 1
Suumit Shah-Bio, Age, Dukaan, Net worth
Read More
Namita Thapar Cover
Namita Thapar – Bio, Net Worth, Emcure Pharma, Shark Tank India
Read More
Mark Zuckerberg Cover 1
Mark Zuckerberg-Bio, Age, Facebook, Net worth
Read More
Ankur Warikoo Cover 1 jpg
Ankur Warikoo – Bio, Age, Net Worth, Author
Read More
Vivek Bindra 2 jpg
Vivek Bindra – Bio, Net Worth, YouTube, Bada Business
Read More
Vijay Shekhar Sharma Cover 1
Vijay Shekhar Sharma- Bio, Age, Paytm, Net worth
Read More
Kunal Shah Cover 1
Kunal Shah- Bio, Age, Cred, Net worth
Read More
Anubhav Dubey Cover 1
Anubhav Dubey – Bio, Age, Net Worth, Chai Sutta Bar
Read More
shradha khapra cover 1
Shradha Khapra- Bio, Age, Net worth, Apna College
Read More
Post navigation
← Previous Post
Next Post →

READ ALSO

Vineeta Singh (1)

Vineeta Singh – Bio, Net Worth, Sugar Cosmetics, Shark Tank India

Satya Nadella Cover 1

Satya Nadella -Bio, Age, Microsoft, Net worth

Sundar Pichai Cover 1

Sundar Pichai -Bio, Age, Google, Net worth

Physics Wallah Alakh Pandey 3

Physics Wallah – Bio, Real Name, Net Worth, YouTube

Aman Gupta Cover 1

Aman Gupta – Bio, Age, Net Worth, BOAT

Nithin Kamath Cover 1

Nithin Kamath-Bio, Age, Zerodha, Net worth

Rohit Raj cover png

Rohit Raj – Bio, Age, Net Worth, Entrepreneur

Suumit Shah Cover 1

Suumit Shah-Bio, Age, Dukaan, Net worth

  • HOME
  • Profiles
    • Actor
    • Author
    • Cricketer
    • Entrepreneur
    • Gamer
    • Influencer
    • Journalist
    • Musician
    • Public Figure
    • Rapper
    • Stand-up Comedian
    • Singer
    • YouTuber
  • Web Stories
  • News
    • Cricket
    • Entertainment
    • Gaming
  • Aflence in Hindi
  • Disclaimer
  • Privacy Policy
  • About
  • Contact Us
  • Apply for Listing
  • HOME
  • Profiles
  • Web Stories
  • News
  • Aflence in Hindi
  • Disclaimer
  • Privacy Policy
  • About
  • Contact Us
  • Apply for Listing
  • Actor
  • Author
  • Cricketer
  • Entrepreneur
  • Gamer
  • Influencer
  • Journalist
  • Musician
  • Public Figure
  • Rapper
  • Singer
  • Stand-up Comedian
  • YouTuber

Copyright © 2023 AFLENCE | Powered by Astra WordPress Theme