Ritesh Agarwal

In BIOGRAPHY
May 25, 2024

Ritesh Agarwal

The following is a comprehensive account of Ritesh Agarwal’s life story:

Early Life and Education:

On November 16, 1993, in Bissam Cuttack, Rayagada, Odisha, India, Ritesh Agarwal was born.
He was educated at Sacred Heart School in Rayagada, Odisha, after finishing his education in Titilagarh, Odisha.
Later, he relocated to Meerut Cantt, Uttar Pradesh, India, where he attended St. Johns Senior Secondary School to finish his high school education.
He attended the Indian School of Business and Finance in Delhi as part of the University of London International Programme to further his studies, but he left in 2011.

Career:

Ritesh Agarwal founded and serves as CEO of OYO Rooms, a travel and hospitality technology company.
At 17, he began his entrepreneurial career with Worth Growth Partners, assisting multinational businesses in setting up and growing their Indian markets.
He established Oravel Stays in 2011, which changed its name to OYO Rooms in May 2013.
OYO Rooms spread internationally and became accessible in 80 countries under his direction.
In addition, he has served as a director of Dayzero Holdings Private Limited since 2021, a partner in Redsprig Innovation Partners LLP since 2021, and a partner in Raaga Partners LLP since 2016.

Personal Life:

Ritesh Agarwal is an Odishan who was born into a Marwari family.
Both his mother Bela Agarwal and father Ramesh Agarwal are medical professionals.
His two older sisters are doctors, and his older brother Ashish Agarwal is a managing director at Peak XV Partners (previously Sequoia India & Southeast Asia).
On March 7, 2023, Ritesh Agarwal wed Geetansha Sood. On December 7, 2023, their son Aryan was born.

Honours and Accolades:

In 2016, Forbes named Ritesh Agarwal one of the achievers among its 30 under 30 list.
In 2020, he became the second-youngest millionaire through self-made means.
He is the richest Indian under 40 who created his way.
In 2013, he became the first Asian recipient of the $100,000 Thiel Fellowship prize.

Net Worth and Assets:

As of March 2024, Ritesh Agarwal’s net worth is projected to reach approximately ₹16,000 crore.

Besides his collection of high-end vehicles, including Mercedes-Benz, Audi, Land Rover, and BMW, he has a $20 million private plane.

Facts and Interests:

Ritesh Agarwal enjoys cycling, travelling, reading, and watching documentaries in his spare time.
He used to sell SIM cards for a telecom company while attending school and is a devoted dog lover.
He became a member of the Shark Tank India Season 3 judging panel on Sony TV.

In conclusion, Ritesh Agarwal is a prosperous Indian businessman who founded and serves as CEO of OYO Rooms, a travel and hotel technology company. In his career, he has accomplished several noteworthy milestones and received recognition for his entrepreneurial drive. He comes from a family of doctors and has a solid educational background. His hobbies are reading, watching documentaries, and travelling. He is married and has a son.

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Shagufta Naz is a Multi-disciplinary Designer who is leading NewzFlex Product Design Team and also working on the Strategic planning & development for branded content across NewzFlex Digital Platforms through comprehensive research and data analysis. She is currently working as the Principal UI/UX Designer & Content-writer for NewzFlex and its projects, and also as an Editor for the sponsored section of NewzFlex.

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