According to sources, the net worth of Ritesh Agarwal is estimated to be around $2 billion USD as of 2023. He is the founder and CEO of OYO Rooms, a hotel network operating in India and various other countries. He stands out as one of India’s youngest and wealthiest entrepreneurs. Additionally, he generates revenue through investments in various startups and companies.
Ritesh Agarwal has garnered numerous awards and accolades for his outstanding work, including the Thiel Fellowship, the Business World Young Entrepreneur Award, and a spot on the Forbes 30 Under 30 list for Asia. Furthermore, since March 2023, he has been married to Geetansha Sood, a Lucknow native.
More About Ritesh Agarwal
- Birth: Ritesh Agarwal was born on November 16, 1993, in Bissam Cuttack, Odisha, India.
- Early Entrepreneurship: He dropped out of college to pursue his entrepreneurial dreams and achieved the distinction of becoming the first Indian to win the Thiel Fellowship in 2013.
- Founder and CEO of OYO: At the age of 17, Ritesh embarked on his entrepreneurial journey by founding Oravel Stays, which later evolved into OYO Rooms in 2013. OYO Rooms is a network of hotels that provides standardized and affordable accommodations across India and other countries.
- OYO’s Rapid Growth: Under Ritesh’s leadership, OYO Rooms experienced rapid growth, eventually becoming one of the world’s largest hotel chains, offering budget accommodations in numerous countries. As of now, the company boasts over 43,000 hotels and 1.2 million rooms across 800 cities.
- Wealth and Recognition: Ritesh is widely recognized as one of India’s youngest and wealthiest entrepreneurs, with a net worth of approximately $2 billion USD as of 2023.
- Investment Ventures: In addition to his work at OYO, Ritesh has also invested in various startups and companies, including Innov8, Haptik, Meesho, Unacademy, and Zostel.
- Awards and Honors: Ritesh has garnered numerous awards and accolades for his entrepreneurial achievements, including the prestigious Thiel Fellowship, the Business World Young Entrepreneur Award, and inclusion in Forbes’ 30 Under 30 list for Asia.
- Personal Life: As of March 2023, Ritesh Agarwal is married to Geetansha Sood, a native of Lucknow, India.
- Impact: Ritesh’s innovative approach to providing affordable accommodations has disrupted the traditional hotel industry and significantly influenced how people travel and book lodging.
- Global Expansion: Under Ritesh’s guidance, OYO Rooms has expanded its operations to several countries, establishing itself as a global player in the hospitality sector.
- Vision: Ritesh Agarwal continues to be a prominent figure in the startup and business world. His vision is to revolutionize the hospitality industry by offering accessible and affordable accommodations to travelers worldwide.