Ritesh Agarwal’s entrepreneurial journey began in 2013, when he founded OYO at the age of 19 with the goal of making quality, affordable accommodation accessible across India. What started as a budget hotel aggregation platform has since evolved into one of the world’s leading hospitality technology companies.
Over the years, OYO expanded rapidly across India and entered international markets, building a presence in multiple countries. Despite facing challenges including regulatory hurdles, the COVID-19 pandemic and business restructuring, the company improved efficiency, reduced costs and returned to profitability.
Today, OYO serves millions of customers through a vast network of hotels and vacation homes, strengthening its position in the global hospitality sector. Founder Ritesh Agarwal continues to lead the company’s long-term expansion strategy.
The next chapter in OYO’s journey is its planned public listing. Parent company Prism has filed updated IPO papers for a ₹6,650-crore fresh issue, a move expected to support future growth while marking a significant milestone in one of India’s most prominent startup success stories.
