Ritesh Agarwal is one of the most renowned personalities in today’s time. If you take a closer look, he is one of the most popular and wealthiest entrepreneurs in today’s time. There have been several negative publicity surrounding OYO and Owner Ritesh Agarwal. If you don’t know, Ritesh Agarwal is the founder of OYO.
Ritesh Agarwal is the OYO founder that eventually led him to become one of the most popular entrepreneurs. In 2020, Ritesh was awarded the rank of a second-youngest billionaire. He was also one of the recipients of the Business World Young Entrepreneur Award.
The OYO franchise is indeed one of the most successful ones in India today. Ritesh has had this entrepreneurial mind since a very young age. Despite dropping out from his college, he went on to receive the Thiel Fellowship in 2013. Ritesh, the OYO founder, started working towards his startup in 2012 and eventually made it one of India’s largest startups and the world.
OYO and Owner Ritesh Agarwal
Ritesh Agarwal was born on 16 November 1993 at Bassam, Cuttack, Odisha. He received his education from St John’s Senior Secondary School and later shifted to Delhi to pursue his college. However, he dropped out.
He started his career as an entrepreneur at a very young age. Initially, he started the accommodation portal, Oravel Stays. The portal was aimed at helping everyone find affordable housing solutions. The venture received praise from the Venture Nursery, and it went on to receive the prize for Thiel Fellowship Program in 2013. As the winner, they received $100,000 as of the prize. Eventually, the company was renamed OYO Rooms in May 2013.
By September 2018, the net worth of OYO Rooms was above $1 billion. Anyone who doesn’t know what is OYO rooms is probably living under the rocks.
OYO Rooms is also referred to as OYO Hotels and Rooms. It is one of India’s largest hospitality chains with so many home and living spaces and franchises. Ever since its establishment in 2013, OYO rooms have been functioning globally and, to date, have rented millions of rooms. If you’re out on vacation and want affordable housing solutions, you can always rely on OYO franchises. OYO rooms have investors such as Hero Enterprise, Lightspeed India, SoftBank Group, Didi Chuxing, China Lodging Group, Greenoaks Capital, and more. Some of the areas where you can find OYO Rooms are UAE, China, Nepal, India, United States, Indonesia, Saudi Arabia, Mexico, Vietnam, Malaysia, Japan, Philippines, Brazil, and more.
In 2021 April, there was news that OYO rooms had filed for bankruptcy due to all the controversies surrounding it. However, the OYO owner clarified that the news was nothing but an untrue rumour. Nonetheless, he did accept that there was money disputed with the OYO franchise and hotel chains.
What Are The Types Of Accommodation In OYO?
OYO rooms aren’t your regular rooms. It’s the place with chic and cosy vibes. Whether you want luxurious villas around the suburbs or a comfortable room for your business purpose, OYO hotel has it all.
What’s great about OYO is that it is so widespread that you are bound to get the search engine results when you type OYO rooms near me on Google. Isn’t that great? If you don’t want to travel too far and are looking for exclusive, affordable solutions, OYO is probably your best bet. But there are different types of accommodation in OYO. Hence, make sure to weigh all the characteristics and find the best option.
TownHouse
The OYO Townhouse is one of those types of rooms that will fit all millennial travellers’ needs. They make sure to take care of all the basic needs and provide extremely convenient and user-friendly services. The OYO Townhouse is designed to meet cost-effective space while maintaining comfort across space.
If you are looking for some personalized time during your vacation, you should consider booking an OYO townhouse as they have smarter rooms. These smarter rooms are equipped with lavish wooden flooring, 12-inch showers, and every other aspect that will play an essential role in making your stay comfortable. The most significant perk of staying in the OYO townhouse is that you will have exclusive delicious meals.
OYO Townhouse provides all luxurious perks such as designed merchandise, accessories, toiletries, clothing, and so much more.
OYO Home
If you want to feel at home, the best thing you can do is get an OYO Home. The OYO Home is the best option for people looking forward to vacation close to villas or exotic islands. OYO Homes are meant for providing unique comfort and experience to people. Every place is different and can offer a great surrounding. However, they make sure to provide top-quality services and surroundings that are further managed by OYO teams.
If you want your home’s comfort during your vacation, then OYO Homes is one of the best options. This is mostly because they provide a wide range of personalized services. OYO Homes are available in different options such as country houses, homestays, and cottages. With OYO Homes, you can always expect your vacation to be exclusive and comfortable.
SilverKey
OYO SilverKey brings together comfort and productivity. One of the greatest benefits of this place is that it provides 24*7 professional staff and a combination of state-of-the-art facilities and technology.
OYO SilverKey can usually be found across corporate spaces as it is the most convenient option for travelling corporates. After a long day at work in a new place, you can come back and relax at OYO SilverKey as if it were your own house. It provides the benefit of general residence without too many restrictions. You don’t need to depend on the formality or rules and rates of the hotels.
Apart from providing a home-like atmosphere, it also helps to build a productive atmosphere. The hall spaces are large where one can easily hold meetings. Moreover, there are extra options too, such as photocopy machines which will save you against extra expenditures.
OYO franchise SilverKey has exclusive packages for corporates. Hence, make sure to weigh your options and all the features provided by them to suit your convenience.
Collection O
Very much like OYO Silverkey, Collection O has been designed for guests who frequently travel because of business purposes. It provides you with all exclusive benefits without compromising on location, service, and quality.
Collection O is available in around 37 cities of India and effectively meets the demand of travelling corporates. Thus, the place brings a perfect blend of personal and professional requirements.
OYO Home Luxe
Residence, warmth, and comfort- these are the basic things all of us look at while hiring a place to stay. The OYO Home Luxe is designed to meet the same and cater to the needs of a stress-free environment. Moreover, when you book an OYO Home Luxe, you wouldn’t need to reach for your pocket because they’re affordable constantly.
It provides a home-like environment with all major facilities such as wheelchair-accessible routes, parking facilities, and more. The main motive of OYO Home Luxe is to offer a comfortable and memorable time.
Ritesh Agarwal’s net worth in 2020 was around the US $1.1 billion, which made him the second-youngest self-made billionaire.
Conclusion
OYO and Owner Ritesh Agarwal have been a part of some major controversies. Nonetheless, they have also turned out to be one of the largest chains of hotels in India.
