Oyo is one of the Apps which is developed by 21-year young man RITESH AGARWAL who raised Earning $100 Million from the Soft bank. Oyo Rooms is the best App to book a hotel stay for a month or a week. Oyo Rooms is started in one city and one hotel in Gurgaon on May 2013 and later it spread to all over the country. Now, it is in 170+ cities with 4000+ hotels is under OYO. Let’s now know about Oyo Rooms Success Story.
This application provides the people to select the budgeted hotels in the country. This application provides standardized hotels with features such as Air Condition, TV, Breakfast, and Wi-Fi with 24/7 customer service support. OYO’s budget ranges from RS.999 to RS.4000 where everyone can spend their money without compromising where it provides high standardized facilities for their needs.
Oyo Rooms Success Story-“ON YOUR OWN”
The OYO Rooms is the app which is started by youngest Indian RITESH AGARWAL he is the founder and CEO who owns all the rights towards the application. The success of this OYO Rooms – “He was born on 16 November 1993 in BASSAM CUTTACK. Ritesh started learning to code at the age of 8 years by taking books from his cousin brother.when he was 17-years young man, he started his entrepreneurial journey. He dropped out from the college and started ORAVEL Pvt.Ltd in the year 2012. ORAVELwas designed with all listings and booking of budget and premium accommodations. Later, he realized that there was lack of budget hospitality. Therefore, later ORAVEL named as OYO Rooms with the key proposition offered budget and standardized accommodations. For this idea, he got a fellowship in THEIL FELLOWSHIP which was a two-year program started by PAYPAL founder, PETR THEIL in 2013. By this, he earned $100,000 which helps for his start-up. For developing Oyo Rooms App, Ritesh won “BUSINESS YOUNGEST ENTREPRENEUR AWARD and TIE-LUMIS ENTREPRENEURIAL EXCELLENCE AWARD” and most recently Agarwal was named on Forbes 30 UNDER 30 list in the consumer tech sector. Ritesh Agarwal is the most Youngest INDIAN ENTREPRENEUR who started his earnings in DECEMBER 2012 and later in March 2015, he raised to $25 Million by the sponsors LIGHTSPEED, SEQUOIA, and others. After in July 2015, he raised it to the $100 million from LIGHTSPEED. OYO Rooms solves the problem of the lack of Predictability, Availability, Affordability, and Accessibility at budget stays. Recently he started OYO Rooms in MALAYSIA.