‘OYO Rooms’ founder Ritesh Agarwal in Forbes’ achievers list

45 Indians and Indian-origin people feature in the Forbes’ annual list of achievers under the age of 30 who are “changing the rules of the game.” 22-year-old Ritesh Agarwal, founder & CEO of OYO Rooms is one among them. “In a country that lacks a steady supply of budget hotel chains, Oyo has developed a network of small hotels,” Forbes said. Noting a trust deficiency among customers when it came to booking rooms, he started Oyo, a branded hotel network, to offer customers an affordable and accessible experience. Since its launch in May 2013, with a personal investment, Oyo’s valuation is re. 2,600 crore now, with the network covering 4,200 hotels in 160 cities with 40,000 rooms.

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