Hospitality startup Oyo posted a net profit of Rs 229 crore for 2023-24, founder and chief executive Ritesh Agarwal said in a post on X. “One big learning for me over the years is under-promise ...

In a May town hall, Agarwal announced that Oyo achieved its first net profitable year in fiscal 2024, with an adjusted EBITDA of $107 million. ... Ritesh Agarwal, founder and CEO of Oyo, ...

Amid the growing buzz around its much-awaited IPO, travel tech major OYO ’s founder Ritesh Agarwal expects the startup’s net profit to touch INR 1,100 Cr in the financial year 2025-26 (FY26).

Ritesh Agarwal, founder and CEO of OYO Rooms, has secured a spot among India's Top 10 youngest billionaires in the Hurun Rich List 2024. At just 30, he ranked sixth with a net worth of Rs 1,900 crore.

Agarwal will be buying more than 12.9 crore shares at ₹ 42.60 each, which will increase his stake from 30% to 32%. This is a 45% premium compared to his last purchase in August 2024.