Ritesh Agarwal is the founder and CEO of OYO Rooms. He is among the top billionaires in India. Ritesh is currently 30 years old. He is known for his appearance in the Shark Tank Season 3 as a judge and investor. His fans also like him for his humble and down-to-earth personality. How did Ritesh achieve his goals and become prominent in his field? Let us have a look at Ritesh Agarwal’s financial achievements including his net worth, business and car collection.
Who Is Ritesh Agarwal?
Ritesh Agarwal was born on 16 November 1993 in Bissam Cuttack, Rayagada Orissa, India. He started working on his dreams in 2012. He also holds the Thiel Fellowship and Business World Young Entrepreneur Award. Ritesh married Geetansha Sood in 2023. The newly married couple is living happily together. Following are details about Ritesh Agarwal’s net worth.
Ritesh Agarwal’s Net Worth
Ritesh Agarwal has a net worth of Rs. 16,000 crores. He earns from different sources. It includes some investments in other companies along with his own company. Ritesh has invested in companies like Peppercontent, Josh Talks, unacademy, GoMechanic, Nektar, FROGO, MIKO, Growth School, dukaan, zingbus, and more.
How Did Ritesh Agarwal Build OYO?
Ritesh Agarwal started his entrepreneurial journey in 2012 with Oravel Stays. He turned it into OYO later. Ritesh was the winner of the Thiel Fellowship in 2013. He got his first investment from Lightspeed. Ritesh felt the need for cheaper but quality rooms in other countries also.
Thus, he decided to take the company outside India. In 2016, OYO started its expansion outside the country as well. He got a funding of $1 Billion from Softbank. Thus, it made the company a Unicorn. After the company became a unicorn, it acquired LEISURE Group as well.
In 2023, Ritesh appeared in the Shark Tank India Season 3 business reality show. OYO became profitable for the first time in the financial year 2023-24 with a net profit of Rs. 100 Crores.
Ritesh Agarwal Luxury Car Collection
Ritesh Agarwal has a car collection of Mercedes Benz S 350D worth Rs. 1.4 Crores. There are few details about his other cars yet. Ritesh is investing more in asset building and his businesses. He is the youngest billionaire of India.
At the age of 30 years, he has crossed the milestone. Ritesh built a strong foundation. According to sources, Ritesh is the co-founder of OYO along with Manish Sinha. Sources mention that there is an allegation against Ritesh for cheating Manish during the company’s starting phase.