The Story of Startups and Their Founders

Key Founders

• Vijay Shekhar Sharma: CEO of Paytm.
• Bhavish Aggarwal: CEO of Ola.
• Ritesh Agarwal: Founder of OYO Rooms.
• Byju Raveendran: Founder of Byju's.

Challenges of Startups

• Companies like Paytm and Byju's were once at the peak of success but are now facing challenges.
• OYO's founder, Ritesh Agarwal, tried to rectify his mistakes in time.

The Story of OYO

• Ritesh Agarwal had an interest in entrepreneurship since childhood.
• OYO's model started with budget-friendly hotels.
• The journey of OYO from "Own Your Own" to OYO.
• Rapid expansion and challenges faced.
• Economic crisis during COVID.

OYO's Model

• Branding agreement with hotels and 20% revenue sharing.
• Expansion through quick hotel acquisition and branding.

Problems and Solutions

• Many questions were raised about OYO's operations in the hotel industry.
• Ritesh Agarwal made efforts to sustain the company during COVID hardships.
• Focused on customer service and made the company's dreams realistic.

Current Situation

• OYO declared a profit and planned new acquisitions.
• The company's future is still full of challenges but is moving in a positive direction.

Conclusion

• Ritesh Agarwal learned from mistakes and worked towards keeping his company afloat.
• His vision can be inspirational for other startup founders.