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The OYO Top Brass: The People Behind Founder & CEO Ritesh Agarwal
Inc42
·
11m ago
Medial
CEO Ritesh Agarwal has built a strong 12-member leadership team to steer the company towards an IPO and future growth. The team, which has an average tenure of eight years, shows a mix of stability and reshuffling. Despite changes, the majority of top management remains committed to Agarwal and actively contributes to leading the company.
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Ritesh Agarwal On Taking OYO To Profits, The Shark Tank Spotlight & More
Inc42
·
9m ago
Medial
Ritesh Agarwal, founder and CEO of OYO, has been busy with various initiatives recently. OYO has turned towards profitability, made new acquisitions, and ventured into B2B services. Agarwal also became a judge on Shark Tank India Season 3, showcasing his investment mindset. He discusses OYO's financial health, the contributions of key employees, and shares his experience on the TV show.
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OYO Looking To Triple PAT To INR 700 Cr In FY25: Ritesh Agarwal
Inc42
·
11m ago
Medial
OYO founder and CEO, Ritesh Agarwal, announced during a town hall meeting that the company's profit after tax for Q1 FY25 reached INR 132 Cr. Agarwal highlighted the rapid growth of OYO in international markets, with the opening of a new property every three days. In the previous fiscal year, OYO reported a net loss of INR 1,286.51 Cr, but in FY24, it achieved a profit after tax of INR 229.57 Cr.
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Ritesh Agarwal becomes the youngest shark on 'Shark Tank India 3'
Economic Times
·
1y ago
Medial
Ritesh Agarwal, the founder and CEO of OYO Rooms, has become the youngest shark on the panel of the Indian version of the TV show 'Shark Tank'. The show provides a platform for aspiring entrepreneurs to present their business ideas to experienced investors, who decide whether to invest in their company. The third season of the show, which features Ritesh Agarwal as a new addition to the panel, is set to stream soon on Sony LIV.
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Oyo value to hit ₹32,000 cr as CEO Ritesh invests ₹550 cr: Report
Inshorts
·
8m ago
Medial
Oyo CEO Ritesh Agarwal is set to increase his stake in the company from 30% to 32% by investing another ₹550 crore, reports said. Agarwal will buy over 12.9 crore shares at ₹42.60 apiece and the investment will value Oyo at ₹32,000 crore, reports added. This comes after Agarwal led Oyo's Series G funding round with a ₹830 crore investment.
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OYO Founder Ritesh Agarwal blessed with a baby boy, shares pic
Twitter
·
1y ago
Medial
OYO Rooms Founder Ritesh Agarwal and his wife Geetansha Sood have been blessed with their first child, a baby boy. Sharing a picture on X (formerly Twitter), Ritesh wrote, "The miracle of life is breathtaking, and our hearts are forever changed. Meet our precious little one - Aryan." Ritesh and Geetansha got married in March this year.
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Oyo founder seeks new investment at $3.8B valuation
TechCrunch
·
8m ago
Medial
Ritesh Agarwal, founder of Oyo, has proposed injecting $65.1 million into the Indian hospitality startup through Redsprig Innovation Partners. This investment would value Oyo at $3.8 billion, a 38% premium to its previous valuation of $2.3 billion. Oyo has previously raised over $3.4 billion in equity and debt. It remains unclear if Agarwal has settled a $2 billion loan taken in 2019. Oyo is also reportedly preparing to file for an initial public offering for the third time within two months.
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OYO Founder Ritesh Agarwal To Raise Stake In The Company
Inc42
·
8m ago
Medial
OYO founder Ritesh Agarwal is looking to increase his stake in the company from 30% to 32% with a fresh investment. The funds will be used to finance the acquisition of US-based hospitality chain Motel 6 and Studio 6. Agarwal plans to buy an additional $60 million worth of shares from OYO at a 45% premium to his last purchase in August, further raising his stake.
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IPO-bound OYO seeks to rename parent firm to craft premium identity
YourStory
·
2m ago
Medial
OYO's founder, Ritesh Agarwal, is seeking new name suggestions for its parent company, Oravel Stays, as OYO prepares for an IPO and aims to offer more premium segment services. The name selection could potentially be used for a new premium hotels app. Agarwal invited suggestions via social media, emphasizing a bold, global, tech-forward name. The initiative includes a prize and a chance to meet Agarwal. OYO plans a significant presentation for SoftBank regarding its IPO ambitions.
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Shark Tank India: After Oyo's Ritesh Agarwal, Zomato's Deepinder Goyal joins judges panel
Economic Times
·
1y ago
Medial
Zomato founder and CEO Deepinder Goyal has joined the panel of business reality TV show "Shark Tank India 3." The official Twitter handle of the show announced Goyal's participation. Last week, Oyo founder and CEO Ritesh Agarwal was also announced as a new "shark" for the upcoming season. They will join other judges, including Lenskart founder Peyush Bansal, Shaadi.com founder Anupam Mittal, and more. Goyal expressed his eagerness to learn and contribute on Twitter. The show features entrepreneurs seeking investments from these "sharks" for their business ideas.
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OYO's Ritesh Agarwal says startup investments in early, mid-stages is accelerating
Money Control
·
1y ago
Medial
Ritesh Agarwal, founder and CEO of OYO, believes that there is a surge in funding for Indian startups in the early and mid-stages, despite a decline in investments last year. He also notes that startups have transformed themselves towards profitability, and mentions that OYO is set to have its first profitable year. Agarwal sees startups becoming mainstream in India, with discussions around innovation and problem-solving becoming more prevalent. He also discusses his experience as a shark on the reality show Shark Tank India, where he aims to support and inspire new businesses and founders.
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