Business

Oyorooms planning fresh fundings to raise the business

Indian hospitality company Oyo Rooms is once again in the headlines. Star Varchu Investment, which controls the Chinese company Didi Chushing, has announced an investment of Rs 700 crore in Oyo Rooms. Oyo Rooms have become a valued company of 35 thousand crores in just seven years. The credit goes to the company’s founder and CEO Ritesh Agarwal. College dropout Ritesh Agarwal proved that if there is a good vision and hard work is done to fulfill it you can get every floor.

“OYO will add 400 to 500 townhouses in different big cities of the country in 2019,”

Ooty Townhouse Chief Operating Officer (COO) Ankit Tandon told PTI. He said that the Town House Hotel of Oyo would be filled more than 90% and almost 50 percent of the people living in the Townhouse Hotel want to stay in the townhouse again.
Extraordinary work in the ordinary family, born on November 16, 1993, in the simple Marwadi family in Bismam, Cuttack, Orissa, Riteish Agarwal started the Oyo Rooms in the year 2013. Prior to starting the Oyo Rooms, Riteish started a company named Orval Stay in 2012 who later converted into Oyo Rooms in the year 2013. Ritesh is not an admirer of any introduction today.Recently Oyorooms comes with the new concept of data Sharing with govtIndian hospitality company Oyo Rooms is once again in the headlines. Star Varchu Investment, which controls the Chinese company Didi Chushing, has announced an investment of Rs 700 crore in Oyo Rooms. Oyo Rooms have become a valued company of 35 thousand crores in just seven years. The credit goes to the company’s founder and CEO Ritesh Agarwal. College dropout Ritesh Agarwal proved that if there is a good vision and hard work is done to fulfill it you can get every floor.

“OYO will add 400 to 500 townhouses in different big cities of the country in 2019,”

Ooty Townhouse Chief Operating Officer (COO) Ankit Tandon told PTI. He said that the Town House Hotel of Oyo would be filled more than 90% and almost 50 percent of the people living in the Townhouse Hotel want to stay in the townhouse again.
Extraordinary work in the ordinary family, born on November 16, 1993, in the simple Marwadi family in Bismam, Cuttack, Orissa, Riteish Agarwal started the Oyo Rooms in the year 2013. Prior to starting the Oyo Rooms, Riteish started a company named Orval Stay in 2012 who later converted into Oyo Rooms in the year 2013. Ritesh is not an admirer of any introduction today.
During an interview in 2015, Ritesh Agarwal told that he came from the company’s Idea TV remote in the hospitality sector. Ritesh Agarwal sold SIM cards in Bisam before becoming an entrepreneur. After the school, Ritesh came to Kota for preparation of IIT but after preparing for IIT, he got admission in Delhi School of Business and Finance.

In many countries, Ritesh’s dancers are left to study to complete their startup dream. After that Orval Stay and then Oyo Rooms started with Gurujram. Apart from Oyo Rooms India today, the service is also available in China, Nepal, UK, UAE, and Dubai, Indonesia. According to the company, Oyo Rooms are available in 5000 hotels in 280 cities of China.Oyorooms came with a new concept of sharing online data with govt authorities.
Duringan interview in 2015, Ritesh Agarwal told that he came from the company’s Idea TV remote in the hospitality sector. Ritesh Agarwal sold SIM cards in Bisam before becoming an entrepreneur. After the school, Ritesh came to Kota for preparation of IIT but after preparing for IIT, he got admission in Delhi School of Business and Finance. In many countries, Ritesh’s dancers are left to study to complete their startup dream. After that Orval Stay and then Oyo Rooms started with Gurujram. Apart from Oyo Rooms India today, the service is also available in China, Nepal, UK, UAE, and Dubai, Indonesia. According to the company, Oyo Rooms are available in 5000 hotels in 280 cities of China.

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Kanika Oberoy

Kanika is a business analyst and journalist with a good sense of what makes an interesting angle to a story, to juggle all the moving parts of publications. She plan and coordinate, review and edit content. Her goal is to provide exceptional, informative and engaging content.

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