Thursday, 7 July, 2022
TopicRitesh Agarwal

Topic: Ritesh Agarwal

‘Absolutely untrue’ – Oyo’s Ritesh Agarwarl denies bankruptcy claim after Rs 16 lakh claim

Oyo, one of the larger startups in the SoftBank Group’s portfolio, was struggling to restructure and whittle down loss-making operations even before the pandemic obliterated travel.

Ritesh Agarwal’s Oyo is facing major problems due to Masayoshi Son’s dramatic overreach

With its chaotic rush to expand in Japan, Oyo infuriated potential partners, alienated workers and jeopardised its reputation with local customers.

OYO was the big disruptor in India’s hotel industry, forcing even Tata to take note

OYO founder Ritesh Agarwal was just 18 when he came up with the idea. Within just a few years, OYO surpassed the valuation of India’s oldest hotel company.

Oyo raises $1.5 billion at $10 billion valuation from founder Ritesh Agarwal, SoftBank

Oyo founder 25-year-old Ritesh Agarwal will spend $700 million to buy new shares as a part of a $2 billion plan to triple his ownership stake.

Oyo founder Ritesh Agarwal to invest $2 billion to increase stake in company

The 25-year-old founder will buy shares from existing investors Lightspeed Venture Partners and Sequoia India, which will remain backers.

Ritesh Agarwal’s Oyo to invest $300 million to expand in US

Ritesh Agarwal’s Oyo is adding hotels at the pace of one a day in the US, and aims to expand the offerings at five times that rate by the end of 2019.

OYO’s big expansion plans can put the entire business at risk

There are enough anecdotes to suggest OYO’s management may be struggling to keep order among franchisees while maintaining focus on adding more.

24-year-old founder of Oyo Hotels raises $1 billion to expand overseas business

Oyo has expanded beyond India into China, Malaysia, Nepal and Britain in the last 2 years.

On Camera

YourTurn

Mahendra Singh Dhoni sporting an Army insignia on his glove during the India-South Africa

MS Dhoni is the rainbow of Indian cricket, a cult figure who inspires youth across nation

Mahendra Singh Dhoni’s honest self-assessment always put the interests of Indian cricket ahead of any desire to build a ‘legacy’ for himself.
Illustration by Soham Sen

Keep calm and carry on: Unlike wheat, rice isn’t hot yet

The world is worried that India might restrict exports of rice after wheat, pushing prices higher and worsening global food security.

Defence

Nepali Gorkhas to be recruited in Indian Army through Agnipath scheme, here is how

Similar to terms for Indian soldiers, the Nepalis would be inducted for 4 years, after which only 25 per cent would be retained.

Moral, political & ideological questions on Maharashtra: 1st is simplest to answer, 3rd trickiest

What is Shiv Sena’s ideology? We might say it’s been a convenient mix of extreme ethnic chauvinism & unforgiving Hindutva. Within the second, the party retained space to manoeuvre.
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