Agarwal also discussed his commitment to the growth of the tourism industry across India and the promotion of entrepreneurship
Ritesh Agarwal, the founder of the OYO hotel chain, invited Prime Minister Narendra Modi to his upcoming wedding in a tweet shared on Sunday. The young entrepreneur shared pictures with PM Modi, calling it a new beginning and expressing his gratitude for the warm welcome he received from the Prime Minister.
1/ With the blessings of माननीय Pradhan Mantri @narendramodi ji, we are all set for a new beginning. Words cannot express the warmth with which he received us. pic.twitter.com/CVx7Nzgyr3— Ritesh Agarwal (@riteshagar) February 19, 2023
Agarwal also thanked Modi for his valuable time and said that his mother was impressed by Modi's vision of women empowerment. He affirmed his commitment to the growth of the tourism industry across India and the promotion of entrepreneurship.
Agarwal's OYO Rooms was established in 2013 as a platform for booking budget hotels and guesthouses in India. He noticed the inconsistency and poor quality of budget accommodations while traveling across the country on a shoestring budget and saw an opportunity to create a chain of standardized, clean, and comfortable budget hotels.
Under his leadership, OYO Rooms grew rapidly to become the largest hotel chain in India and now has a global presence in over 800 cities across 80 countries, valued at several billion dollars.
Agarwal has been recognized for his entrepreneurial achievements and has received numerous awards, including the Business World Young Entrepreneur Award and the Forbes 30 Under 30 Asia list. He is also a Thiel Fellow, a prestigious program created by billionaire entrepreneur Peter Thiel that provides young entrepreneurs with mentorship and funding to pursue their projects.
Prior to this, the company raised a seed round of Rs 2 crore in March 2021 led by Artha Venture Fund
The prospective plants are expected to generate nearly 3,000 jobs in the next five years
Bansal invested Rs 10 lakh against one per cent of iMumz’s equity