OYO is the
application which was developed by 21-year man “RITESH AGARWAL” who raised
Earning $100 Million
TAGS :OYO,OYO SPORTS,OYO HOCKEY
from Softbank. The application was started with one city and one hotel in the Gurgaon on May, 2013 and later it was spread to all over India. Now, it is in 170+ cities with 4000+ hotels are under OYO application.
TAGS :OYO,OYO SPORTS,OYO HOCKEY
from Softbank. The application was started with one city and one hotel in the Gurgaon on May, 2013 and later it was spread to all over India. Now, it is in 170+ cities with 4000+ hotels are under OYO application.
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 a middle class family can spend their money with high
standardized facilities for their needs.
The OYO is the
application which was started by youngest Indian “RITESH AGARWAL” he is the
founder and CEO who owns all the rights towards the application. The success
behind this OYO was
“He was born on 16
NOVEMBER, 1993 in BISSAM CUTTACK. He started learning coding at the age of
8years by taking books from his cousin brother. when he was 17-years 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 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 this OYO, he won
“BUSINESS YOUNGEST ENTREPRENUR AWARD” and TIE-LUMIS ENTREPRENURIAL EXCELLENCE
AWARD” and most recently he has named by Forbes in its “30 UNDER 30” list in
the consumer tech sector. He is the most Youngest INDIAN ENTREPRENUR 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 was founded to solve the
problem of the lack of Predictability, Availability, Affordability and
Accessibility at budget stays. Recently he started OYO in MALAYSIA.”