Spotlight Interview: Billion Dollar Baby -
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- Опубликовано: 13 ноя 2018
- OYO Rooms reshaped India’s hotel landscape by fast-tracked technology and standardization for India’s huge long tail of budget independent hotels. The company stunned online travel when it raised $1 billion at a $5 billion valuation this fall. Founder and CEO Ritesh Agarwal shares how he plans to beat back copycats across Asia, and what’s next for one of travel’s most disruptive young companies.
Ritesh Agarwal
Founder & CEO, #OYO
Interviewer
Maggie Rauch
Senior Director, Research, Phocuswright Inc.
12:30- He is not the 1st Thiel fellow in India. He is the 1st Thiel fellow in entire Asia!!!!❤❤
the boy is an ICON....World ICON...Mark my words
He speaks so well . He has this amazing personality and confidence and honesty .
And Oyo has many problems in Indonesia.
He is only 26 but how maturely he talk...just want listen him...
Ritesh is one of the best and successful entrepreneur.
LOT OF LOVE AND RESPECT FROM ASSAM , INDIA
Jai i axom.
all good...true cheaters are Oyo rooms. Had informed local police about fraud. You can check twitter account
He is a thief, they don't pay hotel owners their rent & run away. Multiple hotel owners across cities a ganging up to battle against oyo. This will surely affect future IPO of OYO & softbank!
Mr.Ritesh Agrawal You Are my role model...💁♂️🙏
I a big fan Of Ritesh Agarwal He is really inspiring and India needs more people like Ritesh.
Change Maker.
Iam big fan of u ritesh sir
How he has got such a beautiful catchy
Brand name.''OYO''. It's sooooooooo Appealing.
Really? It sounds a bit clumsy to me but hey it seems to be working for him! 👍🏼
Own Your Own Rooms
I am soo happy to see these positive comments else everywhere I go I see hate comments which comes only from us Indians
Man we gotta respect a person who got to such heights
PS: If you think he cheated or something then also he has to work really hard to get here no one becomes topper by mere cheating
This is my personal experience with Oyo as a property owner -
They didn't pay me my mimimum guarantee amount that was agreed upon, they intimidated me with their large legal team when I objected. They increased comission unilaterally, without due notice period. They increased housekeeping charges for their pathetic cleaning services. After my emails to them, they also stopped booking any customers for my hotel and didn't let me use my own property for months. Since there was no minimum guarantee and no customers, i lost more than 4 lakh rupees. When i complained multiple times about the 0% occupancy for months, they reluctantly started selling my rooms at ultra low rates. Oyo didn't care if I earned anything, they just wanted to beat competition. Which is also why other players in the market almost died out and the hotel industry is in such a bad shape now. Hotel owners all over India lost so much money, a usual traveller cannot even comprehend the scale of this scam by OYO.
Imagine this scenario and multiply it by hundreds of thousands-
My Luxury double room sold at only 600Rs. by OYO . Now out of this 600, OYO was giving me 130rs. Only, while it kept the other 470Rs as comission and housekeeping and other hidden charges.
They only gave me and many other hotels only 20-25% of booking amount, in some cases even lower. They promised us 70% when they approached us for business.
Dont even ask me about the customer experience. Sometimes i had to clean dirty washrooms and dishes from customers because Oyo housekeeping didnt turn up on time and i didn't want negative reviews. From a property owner who was earning pretty well till then even by renting out, i realized how OYO has made me their janitor.
Its was our hotels, our hardwork and he stole iur money. Hope you agree that he is a fraud
Very inspiring. Great respect for this guy
Maggie cultivates well thought out questions and provides so much contextual information in driving such an impressively in-depth interview with Ritesh. She is truly impressive in helping me unveil true brillance of OYO. Great work Maggie! Love the charisma and dogma Ritesh carries.
wow ritesh you are great a good example for our indian teenagers. money does not required to be a big successful entrepreneur..Need self confidence and discipline.. god bless you.
Odia toka pura jabardast...love from chilika...
the lady doesn't seem so thrilled to interview though
Respect for Ritesh Sir👍
*OyO is nice for reviews and pricing.* Did help me to find a hotel locations faster, when on the road in India.
Hi Ritesh, God bless you dear friend. You have made us proud, very proud.
Great.... 👏👏👏
AMAZING WE ARE PROUD OF U
13:12
Great quote
A true world changer!
His hard work is reflected on his face.
जय हिंद।।।।👍
YES RITESH SIR YOU ARE THE PROUD OF OUR ODISHA, INDIA
JAY JAGANNATH
1 year later and at 1000000 rooms that’s 10x in 1 year. Epic growth
He's on his way to make a biggest fraud. Trust me
how did ritesh agrawal build application for oyo? which company build app for me when he was just 18?
He build app at the age of 21 in 2015
Before that they didnt have app
He was 24 during this interview? He speaks way more mature than his age.
The interviewer could have asked questions with a smile......... me thinks :)
6:33
Stupid question
He like as sundor pichi.very interesting man
hi! How can i contact Ritesh Agarwal for a lecture hire?
where did he get the CAPITAL to start the bussiness ? If he let's us know that I believe many young Indians could pursue this Indian dream . It would be highly appreciated by the 600 million young people who i believe is OOZING with POTENTIAL.
Grab, Greenoaks capitals, SoftBank ,Huazhu Hotel groups these are some of the investors where he gets his money from
For all those praising OYO: Are you all equally star struck now?
..true cheaters are Oyo rooms. Had informed local police about fraud. You can check his twitter account
I never have a comfortable stay a OYO
youngest self made billionarie
The interviewer seems to be a bit rude. Maybe I'm wrong but that's what I think
The interviewer got very disappointed face
Oyo leaves nothing but troubles in Indonesia
OYO is still burning cash. That's why OYO has starting investing in the real estate market.
Ritesh very bad service, yesterday i was wandering in midnight for rooms, booked twice paid money online and when reached hotel room was not available. Refund also not possible.. what service. Be honest
Billion dollar baby is dababy is business
*my* *dream* *boy* *my* *crush*
Who ??
@@vimalcurio *ritesh* *aggrwal*
@@anamikasingh38600 does he know you?
@@anamikasingh38600 actually I am biggest fan of him ...😄
Devaliina , Gold Digger.
Millions of people are inspired by this man but behind that charismatic face is filled with lies, and scam he's been doing to its partners. People need to be aware more that it is not okay and it is a crime of global scale what OYO is doing.
Is he earning profit? I wonder till when he will survive if they dont get funding.
Oyo has become 5bn company... Do you think that investors like soft bank, lightspeed,vision are investing in oyo blindly? Yea oyo is running in loss .. bt they are operating in minimizing their loss..nd soon they will get the hell lot of profit .... Its just a matter of time....
@@joybiswas6819 i dont know but ground reality is they are not fulfilling there promises by keeping hotels packed and trying out means like allowing unmarried couples from same city which was not agreed by police official
Unmarried couples can stay at anywhere.. only thing is both of the couple should be adult... And its legal... Police can't do nothing...
I checked in once in OYO..and trust me i got such a wonderful room which more than just value for money....every penny worth it.... I just amazed to see the quality of the room and the value i am paying...hell nd hvn dffrnce bro
Maybe u got good experience.there townhouse is goof rest of the hotels are jhol
so many interviews . doubt is" what time he will handle his business " . because every time busy with interview with all media and all
Building brand is difficult but he gain brand n brand leading to successful
It's called PR, he is advertising his company's vision directly to us.
He's invited so he goes look it as a motivation and do something.. Whether good or bad he's done it. Look at yourself
Not as many
6:33
What an insulting, stupid question to ask. 👎🏼
Oyo is never recommended., There is more scam in their business than Hospitality., Once the funding and the cash burnt in coming year's, You will see how good they build their brand image, Worst Hospitality firm,
And the company is falling to pieces , he is like all these Softbank founders an actor and a con man
BILLION DOLLAR TO SAHI HAI BABY kyu lagaya🤣🤭😜
😉😉😁🤣😂😂🙀
@@loser3357 😂😂
@@keepcalm127 omfoo 🤣😂😂😂😂😘😉😗😹
@@loser3357 mtlb itani excitement kia 🙄
@@keepcalm127 😒
OYO LOOTING PEOPLE'S AND HARASSING THEM.. TRY MY BEST TO AWARE PEOPLE'S ABOUT OYO DOWNGRADE ACTIVITIES.. INSTEAD OF BOOK THROUGH OYO GO DIRECTLY AND TRY FOR BEST PRICE AT ANY HOTEL..
Wtf is wrong with this interviewer?
Oyo fraud company hai .
He is a thief, they don't pay hotel owners their rent & run away. Multiple hotel owners across cities a ganging up to battle against oyo. This will surely affect future IPO of OYO & softbank!
why such a low energy host, she ruined the interview