When he was 19, Ritesh Agarwal spent three months traveling around India, staying at budget hotels with dirty sheets, peeling paint and bed bugs.
That inspired him to start Oyo. Like most hotel chains, it doesn’t own its properties, but rather provides capital and training to hotel owners who rebrand to its specs. It then takes a portion of their revenue.
Now 26, Agarwal's company is valued at $10 billion — and OYO is poised to overtake Marriott International as the world's top hotel operator by room count early next year.
Read more about one of India's top young entrepreneurs: https://bloom.bg/38uHxnC
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