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.