Oyo business model

2. Story of a college drop-out
• Belongs to a Marwadi business family
• Youngest among four siblings
• Once wanted to sit for an engineering exam
• Went to ISBF Delhi in 2012
• Left College after three days
• Sold sim card , FMCG products , software to
hotels
• Today heads among the most valuable start-
up by a person

3. Before OYO, there was Oravel
• Started his entrepreneurial journey when he
was 17 years old
• Travelled all over the country and discovered
the problem with budget hotels
• Launched his first start‐up Oravel Stays Pvt. Ltd.
in the year 2011
• Later branched out to become OYO rooms

4. Stand out key
• A passionate dreamer
• Out of the box thinker
• Traveller and explorer
• Dream chaser
• Never give up attitude

5. The sole resident Asian to have won a
Thiel fellowship
• Nominated for the Thiel fellowship designed
by Peter Thiel
• Provided a college drop-out a sum of
$100,000 to pursue a start-up dream.
• Apart from an entrepreneur, he is an author, a
coder and a great orator

6. Bending down and Recharge Moment
• Had to leave his rented house
• Spent several nights on the stairs
• Stayed with a mutual friend for two months
• He paid his dues and returned back to same
house

7. Accolades to his credit
• Forbes “30 under 30” in the consumer tech
sector
• Top 50 entrepreneurs in 2013 by TATA First
Dot powered by NEN awards
• TiE-Lumis Entrepreneurial Excellence award in
2014
• Business World young entrepreneur award

8. Oravel To OYO
• Lack of budget and quality hotels
• Started with just one hotel in Gurgaon in 2013
• Established well in Delhi NCR only
• Moved to 26 cities with 700 hotels within six
months
• Presently 6500 hotels in 220+ cities
• Launched in Malaysia

9. USP of OYO Rooms
• OYO Rooms offers standardized high-quality
rooms from Rs. 999 onwards.
• Rooms are equipped with the basic amenities.
• Completely redefining the meaning of a
budget hotel

10. http://www.livemint.com/Companies/7CN7u
5d4i3bfYgBAZLdLpM/Will-the-real-Ritesh-
Agarwal-please-stand-up.html