{"id":6195,"date":"2024-12-09T09:23:57","date_gmt":"2024-12-09T09:23:57","guid":{"rendered":"https:\/\/www.incredmoney.com\/blog\/?p=6195"},"modified":"2024-12-09T10:49:38","modified_gmt":"2024-12-09T10:49:38","slug":"oyo-rooms-the-people-behind-their-success","status":"publish","type":"post","link":"https:\/\/devblog.incredmoney.com\/blog\/oyo-rooms-the-people-behind-their-success\/","title":{"rendered":"OYO Rooms: The People Behind The Scene"},"content":{"rendered":"

Ritesh Agrawal, the Founder of OYO<\/b><\/h2>\n

\"\"<\/p>\n

With his presence on Shark Tank India, Ritesh is now a household name. He founded OYO when he realised that there was a massive dearth of affordable and good-quality hotels in the unbranded budget hotel category. He was the first resident Asian to be accepted to the Thiel Fellowship (started by Paypal founder Peter Thiel) (Source: <\/span>Times Now<\/span><\/a>).\u00a0<\/span><\/p>\n

A Strong Leadership Team<\/b><\/h2>\n

OYO has a strong senior leadership with an average tenure of eight years with the company.<\/span><\/p>\n

Seven of the 14 people \u2014 of the top brass at OYO are <\/span>IIT graduates<\/b>, with three getting their degrees from IIT Kharagpur.<\/span><\/p>\n

Five CXOs worked with <\/span>McKinsey & Co.<\/b> before joining OYO.<\/span><\/p>\n

OYO successfully has managed to retain its core group of business heads for several years.<\/span><\/p>\n

(Source: <\/span>Inc42<\/span><\/a>)<\/span><\/p>\n

Governed by an accomplished Board<\/b><\/h2>\n

\"\"<\/p>\n

    \n
  1. Aditya Ghosh:<\/b> Aditya Ghosh (former president and whole-time director of IndiGo) is a seasoned business leader with over 22 years of experience.<\/span><\/span><\/li>\n
  2. Ritesh Agarwal:<\/b> Founder & CEO of OYO Hotels & Homes& the first resident Asian to be accepted to the Thiel Fellowship (started by Paypal founder Peter Thiel).<\/span><\/span><\/li>\n
  3. Sumer Juneja: <\/b>Managing director of EMEA & India at SoftBank\u2019s investment advisors, will now serve on the board of OYO as a nominee director of Softbank.<\/span><\/span><\/li>\n
  4. Bejul Somaia: <\/b>A Partner at Lightspeed India Partners LLP, a global venture firm with over USD 7 billion under management.<\/span><\/span><\/li>\n
  5. Deepa Malik:<\/b> Padma Shri, Khel Ratna & Arjuna Awardee, is India\u2019s first paraplegic woman biker, swimmer, rallyist & India\u2019s first-ever female Paralympic medalist.<\/span><\/span><\/li>\n
  6. William Steve Albrecht: <\/b>Former president of the American Accounting Association and Association of Certified Fraud Examiners and has served on boards of 10 corporates.<\/span><\/span><\/li>\n
  7. Troy Alstead:<\/b> Worked with the Starbucks Corporation for 24 years having most recently served as Chief Operating Officer. He is also on the Board of Topgolf Group Ltd, Harley-Davidson Inc, and Levi Strauss & Co.<\/span><\/li>\n<\/ol>\n

    Backed by Marquee Global Investors<\/b><\/h2>\n

    \"\"<\/p>\n

    Source: Annual Report<\/span><\/p>\n

    Oyo in Aug\u201924 secured \u20b91,457 crore (around $175 million) in Series G funding from investors like InCred Wealth, Patient Capital, J&A Partners, the Mankind Pharma family office, and ASK Financial Holdings. Serial investor <\/span>Ashish Kacholia<\/b> also participated in a recent funding round (Source: E<\/span><\/a><\/span>ntrackr<\/span>).<\/span><\/p>\n

    In the next part, we have dived into OYO\u2019s growth prospects, funding, valuation and IPO.<\/span><\/p>\n

     <\/p>\n

    Happy Investing,
    \nTeam InCred Money \ud83d\udcb8<\/p>\n","protected":false},"excerpt":{"rendered":"

    Ritesh Agrawal, the Founder of OYO With his presence on Shark Tank India, Ritesh is now a household name. He founded OYO when he realised that there was a massive dearth of affordable and good-quality hotels in the unbranded budget hotel category. He was the first resident Asian to be accepted to the Thiel Fellowship […]<\/p>\n","protected":false},"author":2,"featured_media":6227,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[22],"tags":[],"class_list":["post-6195","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-spotlight-series"],"acf":[],"yoast_head":"\nOYO Rooms: The People Behind The Scene - InCred Money<\/title>\n<meta name=\"description\" content=\"OYO has a strong senior leadership with an average tenure of eight years with the company.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/devblog.incredmoney.com\/blog\/oyo-rooms-the-people-behind-their-success\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"OYO Rooms: The People Behind The Scene - 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