Ritesh Agarwal Biography, Age, Education, Career and Net Worth
Ritesh Agarwal is an Indian billionaire entrepreneur, investor and businessman. He is the founder and CEO of OYO Rooms and also featured in Shark Tank India in 2024. Ritesh Agarwal was born on 16 November 1993 in Bissam Cuttack, Rayagada, Orissa, India.
Ritesh Agarwal Profile
|
Name |
Ritesh Agarwal |
|
Real Name |
Ritesh Agarwal |
|
Birthday |
16 November 1993 |
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Age |
30 years (2023) |
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Profession |
Entrepreneur |
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State of Origin |
Odisha |
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Nationality |
India |
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Tribe |
Marwari |
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Religion |
Hindu |
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Known for |
CEO Oyo |
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Wife |
Geetansha Sood |
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Net worth |
$1.2 Billion |
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Copied from |
contents101.com |
Educational Background
Ritesh Agarwal attended Sacred Heart School, and later St. Johns Senior Secondary School.
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In 2011, Ritesh Agarwal moved to New Delhi for College. He graduated from the University of London
Career
Ritesh Agarwal founded OYO Rooms in 2013 after starting an Airbnb equivalent named “Oravel Stays” in 2011.
The company received significant recognition, including participating in the Venture Nursery accelerator program and winning the 2013 Thiel Fellowship with a grant of $100,000.
By September 2018, OYO had raised $1 billion, and Agarwal tripled his stake in July 2019 by purchasing $2 billion in shares.
He was featured in the Forbes 30 under 30 list for Asia and became the youngest Shark to appear on Shark Tank India in 2023.
Controversies
However, controversies have surrounded Agarwal and OYO. Allegations of cheating by OYO’s co-founder, Manish Sinha, emerged, accusing Agarwal of fraudulent practices during the company’s early days.
Agarwal also faced fines and legal issues in the United States for deceptive business practices regarding OYO’s operations in California and Washington.
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Furthermore, accusations of fraud were made against Agarwal in India, with a case lodged in Dera Bassi for cheating and criminal conspiracy. OYO encountered backlash from 10,000 hotel owners who claimed that the company withheld undisclosed fees, leading to dissatisfaction.
Police cases were filed against OYO in various cities in Karnataka, including Bangalore and Mysore, accusing Agarwal of fraudulent activities. Agarwal managed to secure a stay order on one case in Bangalore, showcasing a mix of legal battles and challenges faced by OYO and its founder.
Ritesh Agarwal Net Worth
Ritesh Agarwal net worth is estimated to be $1.2 Billion. He is second richest young self made billionaires in the world.
Ritesh Agarwal Instagram
Ritesh Agarwal instagram handle is @riteshagar
Personal Life
Ritesh Agarwal got married to his wife Geetansha Sood, on 7 March 2023.
