Enterpreneurial Story of Ritesh Agarwal

1. Presented By:
NEHA KHAN

2. WHO IS AN
ENTREPRENEUR?
'Entreprendre' : to undertake
An individual who undertakes
the risk associated with creating,
organizing, and owning a
business.

3. WHAT IS ENTREPRENEURSHIP?
The art of turning an idea into a business.
Entrepreneurship is a dynamic, social process where individuals,
alone or in collaboration identify opportunities for
innovation and act upon them by transforming ideas into practical
targeted activities whether in a social, cultural or financial context.

4. INNOVATIVE
INDIAN
STARTUPS
• Rivigo
• Bloodman
• PassItOn
• Flyrobe
• Batman Delivers

5. SUSTAINABLE STARTUPS
• PHOOL/HELPUSGROW: Phool is a Kanpur based startup founded in 2017. They
collect floral waste from the temples in Uttar Pradesh.
• HEALTH HORIZONS: A Noida based startup established in 2017 is a GMP
certified, USFDA approved hemp seed processing company.

6. TOP 10
ENTREPRENEURS
IN INDIA
IN 2021
Ritesh Agarwal - OYO ROOMS
Tilak Mehta - Papers n Parcels
Sreelakshmi Suresh - eDesign, TinyLogo
Trishneet Arora - TAC Security
Akhilendra Sahu - ASTNT Technologies Pvt. Ltd.
Divya Gandotra Tandon - Scoop Beats Pvt. Ltd.
Farrhad Acidwalla - Rockstah Media and CYBERNETIV DIGITAL
Kavita Shukla - FreshPaper
Ranveer Allahbadia - Monk-E
Suumit Shah - Dukaan App

7. RITESH AGARWAL
“Start Small, Nail it and then make it Big.”

8. Early Life of Ritesh Agarwal
• Born on 16 November 1993 in Odisha. He was very different from other children of his age.
• At a very young age of 8, he learned programming on his own.
• Ritesh left for Kota in 2009 to prepare for the IIT-JEE entrance exam. He got enrolled in Bansal
Tutorials.
• Very quickly, Ritesh figured that Kota was a place where one could learn coding. Over-time his
interest in programming took a back-seat.
• He even wrote a book there titled “Indian Engineering Colleges: A Complete Encyclopedia of
Top 100 Engineering Colleges”. The book became an instant hit on Flipkart.
• Ritesh then moved to Delhi in 2011 for college.
• He got himself admitted to the University of London’s International Programme provided by
the Indian School of Business and Finance. Within 3 days of joining the course, he took a day’s
leave to plan out his venture and funnily never returned back!

9. Entrepreneurial Journey
• He even sold sim cards to survive, afraid his well off family would end his entrepreneurial dreams
and summon him back home to Odisha if they knew of his struggles.
• Ritesh Agarwal was a tech freak and had a passion to travel around the world. During his travels,
the issue with budget hotels was discovered.
• His desire to travel the world made him realize the need for affordable hotels with decent
services in India.
• At his young age of 17, Ritesh Agarwal came up with launching Oravel Stays, later had become
OYO rooms.
• Oravel Stays- which was helpful for people to locate and book affordable hotels near them.
• Soon the realization hit that the major issue was in the non-standard services, so he updated his
old business model and converted it into a better version and re-launched it as “OYO Rooms”,
• OYO Rooms- which provides pocket-friendly rooms with standard facilities in more than 1000
hotels across India and now it is spread over the world.

10. Impact of Covid-19 on OYO
• The outbreak of the Covid-19 virus had severely
impacted the hospitality industry worldwide.
• OYO was also on the receiving end of the impact and
saw close to 60% of its business wiped away in a matter
of months.
• It also laid off close to 300 employees, towards the end
of last year.
• However, before the second wave of the pandemic in
the country, Agarwal said that its gross margin was back
to pre-covid levels.

11. CHALLENGES
• Around 80% of the venture capitalists rejected his company in the initial days.
"As an entrepreneur, you are going to face rejection most
of the time, get used to it"
………… Ritesh Agarwal

12. THANK YOU