OYO-ON YOUR OWN

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[{"type":"txt","id":"rich_1456578222449","data":" Ritesh Agarwal,the founder and CEO of OYO ROOMS is the first resident Indian to win the thiel fellowship created by the Paypal founder,Peter Thiel.He was born in a middle class marwari family in a small town in southern orissa on november 16,1993.He completed his schooling in orissa.He joined Indian School of Business & Finance, Delhi.However, he didn't continue with his college education and dropped out to start his own company <\/p>"},{"type":"img","id":"img-uid-1456580179607","data":"56d1a66db560a"},{"type":"txt","id":"rich_1456579067618","data":" He used to travel to many places and experienced stay in 100+ hotels.He felt that he should find a solution to the problems faced by travellers regarding their accomodation.Initially,he started ORAVEL STAYS which was modelled after AIRBNB.It connects travellers to the service apartment owners. <\/p>"},{"type":"img","id":"img-uid-1456582721959","data":"56d1b0a4db2ed"},{"type":"txt","id":"rich_1456579505014","data":" In 2013 he started OYO ROOMS with an objective to provide an amazing guest experience.According to Agarwal, OYO Rooms was founded to solve the problem of the lack of predictability, affordability, accessibility and availability at budget stays.In 2015,OYO ROOMS got a funding of 100 million dollars from SOFTBANK.He started with one hotel in one city and today,OYO ROOMS is present in over 160 cities across the country with 40,000 rooms. <\/p>"},{"type":"img","id":"img-uid-1456582878358","data":"56d1b0ef05eab"},{"type":"txt","id":"rich_1456580206175","data":"At an interview ,when Mr.Ritesh was asked about what does OYO mean he replied that OYO stands for ON YOUR OWN.He said that when he dropped out of college his mother was very unhappy that he wouldnot find a bride as he is not a graduate.He says \"the success of a startup lies in building great teams and enabling independence to execute\". <\/p>"},{"type":"img","id":"img-uid-1456583694294","data":"56d1b41f09e42"}]

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