Founded in 2013 by Ritesh Agarwal. While most 13-year-old children are busy with school and play, Ritesh has started his career and by 18 he was building Oyo Rooms. Started with the mission to change the way people live away from home. India has so much to offer for travellers. It has more than 350 million travellers and little or none high-quality hotels available on the budget. Oyo Rooms is a marketplace for budget hotels in India. They partnered with hotels, invested capital to standardize them and branded them as Oyo. There is a 150 point checklist that has to be met before deciding whether a hotel meets the mark or not. The company was a few people and today they operate and partner more than 5000 hotels across 175 cities in India. More than 3.5 lakh rooms got booked by Oyo at this point of time. At present, it has a market value of $400 million.
It is amazing how he has created an iconic brand in such a short period of time and at such a young age.