BANGALORE: India is in a run to achieve big heights in terms of economy and this change in Indian economy is a reflection of young talents who come up with successful business ideas. Such startups are predicted to be billion dollar companies within a span of time. Rithesh Agarwal is one among many such talents. He started a new trend in standard budget hotel in India with his ‘OYO rooms’ chain, reports NDTV.

Rithesh is born to a wealthy family in Orissa who runs their family business. He always aspired to make his own identity and during college days he was never interested in studies as a result he remains as a college drop out. At a very young age he traveled all over India and stayed and experienced the different level of comfort most of the hotels are providing.

At the age of 18 he came up with the idea of budget hotel chain ‘Oravel stays’ which provides bed and breakfast. But with more analysis of market he found out there are no basic facilities provided for the budget traveler in most of the hotel, thus he converted his ‘Oravel Stays’ to ‘OYO rooms’. Each and every room is provided with air-conditioning, Spotless linen, complimentary breakfast, free wifi and hygienic washrooms.

During the early stage of setting up this business he has gone through a lot of struggle even had to think of where to sleep at night. He never informed his family about the struggles due to the fear of being called back to the family business. Now Rithesh has 350 hotels providing 4000 rooms with 500 employees. He is also the first resident Asian to ’20 under 20’ Thiel Fellowship in 2013.

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