Contributor Profile

Ritesh Agarwal

Job TitleFounder & CEO

Company NameOYO Hotels & Homes

About

OYO Hotels & Homes was founded by 25-year-old Ritesh Agarwal, the first resident Asian to be accepted to the Thiel Fellowship (started by Paypal founder Peter Thiel). Travelling across India at the age of 17, Ritesh stayed in more than 100 bed and breakfasts, guest houses, and hotel to realise there was a massive dearth of affordable and good-quality hotels in the unbranded budget hotel category. With this in mind, he started his entrepreneurial journey with Oravel Stays, which was a platform for listing budget accommodations, only to realise that listing was not the only problem. More often than not travellers and quality, and price, and Ritesh wanted to fix this problem using technology and talent. That's how OYO was launched in May 2013, with the promise of delivering predictable, affordable, anytime-available stay experiences for travellers - a 100% 'Made-in-India' business model and the first-of-its-kind worldwide. OYO is today South Asia's largest, one of China's top 5, and the world's fatest growing chain of hotels, homes & living spaces.

Today, Ritesh is one of the youngest and most successful founders in India and has been honoured at several forums, with the most recent being the Forbes Tycoons of Tomorrow List, for creating a global disruptor in the form of OYO. Ritesh sets the overall strategic vision and direction for the company which has spread its wings across the globe enjoying a strong presence in over 500 cities in India, China, Malaysia, Nepal, The UK, The UAE and more recently Indonesia. OYO Hotels & Homes has over 12,000 exclusive franchised and leased hotels and over 3000 homes and is run by a talented group of over 10000+ OYOpreneurs around the world. OYO is backed by leading investors, including SoftBank Group, Greenoaks Capital, Sequoia India, Lightspeed India, Hero Enterprise and China Lodging Group, and recently raised $1 billion and gained unicorn status.  

Conference Sessions

  • ATM Hotel Industry Summit: Opportunity knocks

    Tuesday15:00 - 17:0030 Apr 2019
    Global Stage

    The first ATM Hotel Industry Summit will turn the spotlight on upcoming developments, technologies and concepts that will shape the region's hospitality sector ...

    • Language: English

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