Ritesh Agarwal: News

17 Jun 2024

Reliance Industries

OYO eyes ₹1,000 crore fundraise in significant down round

OYO, a leading Indian hospitality startup, is currently in advanced discussions to raise approximately ₹1,000 crore ($120 million).

30 May 2024

OYO Rooms

OYO achieves first profitable year with ₹100cr gains in FY24

Travel tech platform OYO has reported its first profitable fiscal year in 2023-24, recording a net profit of nearly ₹100 crore, as revealed by founder Ritesh Agarwal on social media.

08 May 2024

OYO Rooms

OYO reportedly negotiating new funding round at $3 billion valuation

Indian budget-hotel chain start-up, OYO, is in discussions for a funding round, that could decrease its valuation to $3 billion or less, as per TechCrunch.

12 Feb 2024

OYO Rooms

OYO requests SEBI to expedite IPO approval

OYO's top bankers and executives met with the Securities and Exchange Board of India (SEBI) to discuss the company's progress and speed up its IPO approval.

16 Jan 2024

Startups

National Startup Day: Meet the entrepreneurs shaping India's future

India, with its vibrant and diverse business landscape, has witnessed the rise of visionary entrepreneurs who have not only revolutionized industries but also left an indelible mark on the global stage.

13 Oct 2023

Relationships

OYO founder Ritesh Agarwal is going to be a father!

OYO founder Ritesh Agarwal shared a piece of happy news with his followers on Friday. Posing gleefully with his wife-entrepreneur Geetansha Sood, the businessman announced the couple was soon going to be parents.

07 Oct 2023

Shark Tank India

'Shark Tank India': Zomato, OYO founders join as new sharks

After two successful seasons, Shark Tank India will soon return for a third installment with a captivating blend of innovation and ambition.

10 Mar 2023

OYO Rooms

OYO founder Ritesh Agarwal's father dies after falling from building

Ramesh Agarwal, the father of OYO Rooms founder Ritesh Agarwal, died after falling from the 20th floor of a high-rise building in Gurugram, Haryana, on Friday, reported NDTV.

20 Feb 2023

Celebrity

OYO founder Ritesh Agarwal invites PM Modi to his wedding

OYO Rooms founder Ritesh Agarwal took to social media on Sunday (February 19) to share a string of photos with Prime Minister Narendra Modi.

04 Sep 2020

OYO Rooms

COVID-19 effect: OYO extends employee furlough by another six months

The fallout of COVID-19 on the hospitality industry has forced OYO India to extend the furlough period of some of its employees by another six months.

25 Dec 2019

India

Pay back time: OYO is making its early-stage investors rich

The general partners (GPs) at Lightspeed Venture Partners and Sequoia Capital have raked a huge payout from India's leading hotel chain OYO Hotels & Homes.

07 Oct 2019

India

OYO raising $1.5 billion from founder Ritesh Agarwal, SoftBank, others

In a major development, India's second most valuable start-up, OYO Hotels & Homes, has confirmed its plan to raise $1.5 billion in fresh funding.

02 Oct 2019

India

OYO caught leaking personal customer data, phone numbers

India's popular hotel and homestay chain OYO is facing flak for leaving the personal data of its customers exposed.

07 Sep 2019

OYO Rooms

OYO founder Ritesh booked for cheating hotelier of Rs. 1cr

OYO Hotels Founder and CEO Ritesh Agarwal has been booked by the Whitefield police in Bengaluru on charges of cheating and criminal breach.

05 Aug 2019

India

Five successful CEOs in India who are not even graduates

Graduation is considered an important milestone in a student's learning journey.