SUCCESS STORY OF OYO THE LARGEST HOTEL CHAIN OF INDIA

1. SUCCESS STORY
OF OYO
THE LARGEST HOTEL CHAIN OF INDIA
WELCOME
TO
PRESENTATION
BY
JEETENDR CHALLAN
NAMITA BIVAR
SARASWATI KISKU

2. INTRODUCTION
• Ritesh Angarwal is an Indian entrepreneur, the founder and CEO of OYO Rooms- the fastest
growing Branded network of hotels offline & online.
• He started his entrepreneurial journey at the age of 17 and is considered to be one of the
youngest CEOs in India.

3. HOW DID HIS JOURNEY BEGIN
• Born on November 16,1993, in Bissam Cuttack in Orissa and belong to a business class
family.
• Interestingly, he had started coding when he was just eight years old and by the time he
reached his 10th grade,he had a keen interest in software and made up his mind that he
wanted to take up coding for a living.
• In 2009,during his coaching for IIT,started writing a book- ‘Indian Engineering college:A
Complete Encyclopaedia of Top 100 Engineering College's. This book turned out to become
huge on Flipkart and was sold out in a while too.
• When he turned 16,Ritesh was chosen among the 240 children to be part of the Asian
Science Camp held at the Tata Institute of Fundamental Research (TIFR)in Mumbai.

4. LIFE AS AN ENTREPRENEUR.....

5. PROFESSIONAL LIFE
• In 2011,Ritesh moved to Delhi with intentions of stating up something of his own and at the
same time to prepare for SAT to move to the US for further studies.
• He had joined the University of London’s Indian campus,but just after three days of joining
he felt that he couldn’t continue.
• Soon,he started travelling extensively across India at the age of 17 and stayed in PG’s, budget
hotel due to his stay experiences he felt to launch Oravel stays in 2012.

6. FORMATION OF ORAVEL ANS
TRANSFORMATION TO OYO ROOMS

7. ORAVEL TO OYO ROOMS
• Oravel Stays Pvt.Ltd was his first startup in the year 2012.Oravel was designed as a platform
to enable listing and booking of budget and premium accommodations.
• In simpler terms. It was meant to be destination for short and midterm rentals for bed and
breakfast joints, private rooms and serviced apartments.
• Soon,Agrawal realised that just a combination of bed and dinner would not fulfill the
expectations of budget travelers in India so he transformed Oravel stays to OYO ROOMS, 2013
with the key proposition of offering affordable and standardized accommodation.

8. CONTD....
• OYO Rooms is India’s largest Branded Network of budget hotel chain. It currently opretes in more than
160 Iindian cities including major metros,regional hobs, leisure destinations and pilgrimage towns, with
a current valuation of nearly 360Cr.
• OYO Rooms mobile app has been launched downloaded more than 160,000 times and more 20,000
bookings have been made so far.
• The app ranks amongst the best- rated app’s on Google Play Store and has also been listed as one of the
top the three app’s in the ‘Travel & Local ` category.

10. AWARDS AND RECOGNITION
• First resident Asian to win Thiel Fellowship, 2013.
• Top 50 Entrepreneurs in 2013 by TATA first Dot powered by NEN Awards.
• Named as one of the ‘8 Hottest Teenage Start Up Founders in the World’in 2013 by Business insider.
• TiE-Lumis Entrepreneurial Excellence Award in 2014 & Business World Young Entrepreneur Award in
2015.

11. CONCLUSION
• The company is going expand it’s business and other businesses
like uber Amazon still struggles.