Success Story Of

Ritesh Agarwal

Nikhil Mahajan
181226
MBA-2A
 Ritesh Agarwal
CEO & Founder of
OyO Rooms
Fastest growing Branded netwrok of hotels
offline and online.
Life of Ritesh Agarwal

 Ritesh Agarwal, a successful entrepreneur is only 23 years old and has

several accolades to his credit. Born to a humble family in cuttack.
 Ritesh Agarwal is a college drop-out
 To pursue his passion of becoming an entrepreneur, he enrolled into
Indian School of Business & Finance, Delhi but left college mid-way to
start his own company. He was hesitant about his decision but from the
beginning was very clear about what he wanted to do and took some
tough choices to accomplish his dreams
Achievements

 Ritesh Agarwal who is merely 23 years old, has certain awards and
credentials to his name, some of which are:
– Forbes “30 under 30” in the consumer tech sector
– Top 50 entrepreneurs in 2013 by TATA First Dot powered by NEN
awards
– TiE-Lumis Entrepreneurial Excellence award in 2014
– Business World young entrepreneur award
OyO Rooms….

 OyO started with one City and one hotel in gurgaon In January 2013.

 OYO rooms is the country’s largest budget hotel chain with about
50,000 rooms in 500 hotels all over India. Oyo doesn’t own hotels,
instead, it ties up with certain hotels and acquires some rooms to be
given out to people who want to avail OYO services. It focuses on
standardizing the hotels in the non-branded hospitality sector. Oyo
rooms is a very successful venture as it has managed to solve the issue
of affordability, cleanliness and availability of budget hotels across all
Tier-I and Tier-II cities in the country.
Services….

 The services are bought by the Users under the name of OyO rooms. Just
like uber, OyO Provides rooms With. Standardized quality and price.

 Oyo rooms provides Visitors With quality hotel room Stays At different places
around india. They have Partnered With hotels And made them Work with
them Under their name.
Before Oyo, there was Oravel

 He has travelled all over the country and during such travels, discovered
the problem with budget hotels. At the age of 17, he launched Oravel
travels, modelled after Airbnb, which later branched out to become OYO
rooms. Soon he discovered that the problem with budget hotels was
bigger than just availability, so, to counter other issues, he launched
OYO.
Business Model of Oyo Rooms

 With the aggregator business model, what Oyo Rooms does is they partner with
different hotels across the country to provide rooms to the customers under their
own brand.
 For hotels to qualify as its partners, their rooms and services have to meet certain
guidelines such as the standardization of certain essential services, features of
rooms, staff quality, security availability, pricing and other such important factors.
 This is a risky business model .
 Once the breakeven point is reached and the booking rate grows constantly, this is
a money-making business model that has led Oyo Rooms to be the leader in the
hospitality industry.
Conclusion

 Hence, in a nutshell, it wouldn’t be wrong to say that OYO ROOMS has emerged
out to be one of the promising startups. The concepts of “commitment” and “trust”
perfectly mingle when we talk about OYO ROOMS success story. They work in
accordance to your needs, comforts, and requirements without compromising on
the tiniest of things you can think of. Over the years, they have become recognized
all over the world. Their business proposition is accessibility, affordability,
predictability, and availability.
Thank You