The most successful start-ups in India have been the OYO rooms. It is considered the country’s largest budget hotel chain. Oyo rooms received wide popularity because they resolve the problem of affordability, cleanliness, and also the availability of budget hotels through the Tier-I and Tier-II cities in the country.
Ritesh Agarwal is the 26-year-old billionaire of India who is the founder and CEO of OYO, the most affordable hotel chain in the world. His vision was to resolve the issue of the people searching for affordable hotels and he gained success in it.
At a very young age, he started coding as he was a tech freak. Additionally, he was also passionate about traveling which made him realize that there was a need for affordable hotels in India. According to the CEO Magazine reports, Ritesh clubbed his love for travel with technology to create something useful. Since he was clueless about entrepreneurship in the initial years, it was difficult for him. However, he devised a plan and gave it a go-to his entrepreneurial journey.
Ritesh Agarwal first launched Oravel Stays to assist people in locating and booking affordable hotels. Even though this method of his was helping the people, it wasn’t serving the purpose of Ritesh’s dream. He traveled across India to do in-depth research about hospitality services and he discovered that in India, the hospitality industry has non-standard services and unpredictability, and therefore, to solve this problem, he established the OYO rooms.
OYO which stands for On Your Own started providing affordable rooms with standard facilities.
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Also Read: Know The Incredible Life Journey Of Oyo’s Ritesh Agarwal
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