College Dropout To Building A SUCCESSFUL Unicorn - OYO's Founder Ritesh Agarwal | FO32 - Raj Shamani
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 Published On Apr 15, 2022

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In today’s Episode of Figuring out With Raj Shamani, we have the Founder and Group CEO of OYO, Ritesh Agarwal who is India's youngest self-made billionaire.

He started his journey at the age of 19 with a vision of creating a solution for people looking for affordable hotels around the globe. Ritesh always felt that the budget hotels in India didn’t even meet the very basic needs of a budget traveler.

Hence, capitalizing on this opportunity, he started his first venture in 2012 and called it Oravel Stays.

Ritesh Agarwal dropped out of college to follow his dream which later turned out to be OYO.

He is the only Asian resident to have been awarded the Thiel fellowship. For those unfamiliar with the same, the Thiel Fellowship is designed by Peter Thiel who was responsible for founding PayPal.

Ritesh Agarwal’s story is one of perseverance, commitment, and not losing sight of the big picture

In this episode, we have discussed How to build a successful business from scratch, the Success mantra of OYO, the Startup rules of Ritesh Agarwal, and much more.

Watch the complete episode to know the success story of Ritesh Agarwal and how he built a billion-dollar company OYO at the age of 19.

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Timestamps:

00:00 - Intro
02:13: What is the best way to learn?
03:47: Did Ritesh design his growth?
04:42: Background of Ritesh Agarwal
08:03: Should you leave home to pursue your dream?
16:06: How OYO Rooms is empowering small business owners?
32:31: How to build trust in business?
35:36: How did Ritesh learn all these things?
45:16: Top 3 book recommendations by Ritesh Agarwal
53:34: How to recruit smart people
1:00:36: Model to scale a business from x to 10x
1:05:23: What is the most jugadu thing in OYO's journey?
1:14:29: Why is there no Indian brand outside India?
1:22:44: Power of content
1:23:36: How can I improve?
1:26:50: Outro

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About Raj Shamani
Raj Shamani is an Entrepreneur at heart that explains his expertise in Business Content Creation & Public Speaking. He has delivered 200+ speeches in 26+ countries. Besides that, Raj is also an Angel Investor interested in crazy minds who are creating a sensation in the Fintech, FMCG, & passion economy space.

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About Figuring Out
Figuring Out Podcast is a Candid Conversations University where Raj Shamani brings raw conversations with the Top 1% in India.

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