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Posts Tagged ‘ Ritesh Agarwal ’

OYO may raise $500 mn from SoftBank, check into unicorn club

Monday, February 27, 2017 | More »

Anil Goel
Branded budget hotels marketplace OYO Rooms, run by Oravel Stays Pvt. Ltd, is in talks to raise $300-500 million (Rs 2,000-3,335 crore) from SoftBank Vision Fund, in what will possibly be one of the biggest deals in India’s consumer internet space, media reports said on Monday. If the deal goe...


OYO Rooms appoints Amazon exec as CTO

Branded budget hotels marketplace OYO Rooms, run by Oravel Stays Pvt. Ltd, has appointed Anil Goel as chief technology officer, according to a press statement. Goel was previously with Amazon as the global head of technology for customer returns and reverse logistic business. Prior to that, he was t...

7 November, 2016 | More »


OYO Rooms enters Malaysia in overseas push

Branded hotels aggregator OYO Rooms has started operations in Malaysia, marking its first foray outside India. Higher-than-average mobile penetration and a large internet population makes Malaysia an attractive market for OYO, Ritesh Agarwal, founder and CEO. “OYO’s model is suitable for markets...

12 January, 2016 | More »


Consolidation coming, room for only a couple of competitors: OYO’s Agarwal

Being predictable isn’t necessarily boring, says Ritesh Agarwal, founder and CEO of OYO Rooms which has made ‘predictability’ the mainstay of its budget hotel aggregation business. As he puts it, predictability is about trust, and that’s what keeps OYO’s customers comin...

18 November, 2015 | More »


Entrepreneurship is a lonely journey, persevere

OYO Rooms is being built on the belief that predictability in hotel accommodation will push more Indians to travel and explore. We are trying to solve a large problem and there are many roadblocks on the way. As an entrepreneur, it’s very important to persevere and be convinced about what you are ...

28 August, 2015 | More »


Our model has 30 ‘copycats’: OYO’s Ritesh Agarwal

At the age of 17, most youngsters don’t have an inkling of their vocation. Not Ritesh Agarwal. A year before his 18th birthday, Agarwal was managing his first hotel in Gurgaon. He started Oravel, an Indian version of the global online rental site Airbnb, which later pivoted to budget hotels aggreg...

21 August, 2015 | More »


Branded marketplace for budget hotels OYO claims to book 50K room nights a month

Delhi-based Oravel Stays Pvt Ltd, which runs an online branded marketplace for budget hotels OYORooms.com, claims to register more than 50,000 room nights a month and is aiming to grow it six-fold by the end of this year. The firm just closed a large VC round raising Rs 150 crore ($24 million) from ...

9 April, 2015 | More »


Short-stay accommodation portal Oravel raises funding from Lightspeed Venture Partners

Delhi-based Oravel Stays Pvt Ltd, the company behind the online short-stay accommodation portal Oravel.com, has received an undisclosed amount in funding from Lightspeed Venture Partners, according to Medianama report, citing Oravel’s founder and CEO Ritesh Agarwal. This funding comes a little o...

7 March, 2014 | More »


Two Indians including Oravel founder Ritesh Agarwal win Thiel Fellowship

Ritesh Agarwal, founder and CEO of Oravel Stays Pvt Ltd, and Diwank Singh Tomar, a techie who has shifted base sometime back to the US, have won 20 Under 20 Thiel Fellowship for 2013. The fellowship, which picks 20 individuals who are aged under 20, provides $100,000 each to the selected ones beside...

10 May, 2013 | More »