30 Best Business Leaders of the Year 2019 30 Best Business Leaders of the Year 2019 | Page 60

Creating the
World’s Fastest
Growing Hotel
Chain, Ritesh
Agarwal,
Founder & CEO,
OYO Rooms
Ritesh Agarwal
Founder & CEO
The Visionary
Ritesh Agarwal | Founder and
CEO
Ritesh started his business career at
17, backpacking around the country,
living in budget accommodations. This
sparked the idea of OYO, a global-first
business developed in India. Driven
by fevered energy only start-ups can
have, Ritesh scaled OYO from 5 cities in
December 2014 to 200 cities in 2015.
Ritesh was the first resident Indian to
be awarded the Peter Thiel Fellowship.
60
september 2019
T
he idea of renting rooms for a short
time frame is a very unique idea. It
was Ritesh Agarwal, Founder, and
CEO of OYO who came up with such
a brilliant plan. His company secret
sauce is to design cool, in spaces whenever you
need them at fantastic prices. The firm provides
spaces with every modern convenience.
OYO provides a cool design aesthetic with
comfortable spaces. Crisp sheets, power-
washed bathrooms, premium wifi – around the
world with any OYO stay. It is also famous for its
best-in-class efficiency with zero hassle DNA.
One can land up at its well-designed spaces
or simply book it in 3 easy steps on its app
for an amazing experience. It is surprisingly
unordinary, where ever you go, live at a space
with an amenity-laden experience for prices you
wouldn’t have imagined possible before. The
world is cozying up to OYO’s idea, which is the
‘Chic-design hotels for everyone’ experience.
OYO is the world’s fastest-growing company
& world’s 6th largest chain of operated hotels,
homes, managed living and workspaces. Its
portfolio comprises more than 23,000+ hotels
in 800+ cities in 18 countries around the World.