College Dropout To Building A SUCCESSFUL Unicorn - OYO's Founder Ritesh Agarwal | FO32 - Raj Shamani

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In today’s Episode of Figuring out With Raj Shamani, we have the Founder and Group CEO of OYO, Ritesh Agarwal who is India's youngest self-made billionaire.
He started his journey at the age of 19 with a vision of creating a solution for people looking for affordable hotels around the globe. Ritesh always felt that the budget hotels in India didn’t even meet the very basic needs of a budget traveler.
Hence, capitalizing on this opportunity, he started his first venture in 2012 and called it Oravel Stays.
Ritesh Agarwal dropped out of college to follow his dream which later turned out to be OYO.
He is the only Asian resident to have been awarded the Thiel fellowship. For those unfamiliar with the same, the Thiel Fellowship is designed by Peter Thiel who was responsible for founding PayPal.
Ritesh Agarwal’s story is one of perseverance, commitment, and not losing sight of the big picture
In this episode, we have discussed How to build a successful business from scratch, the Success mantra of OYO, the Startup rules of Ritesh Agarwal, and much more.
Watch the complete episode to know the success story of Ritesh Agarwal and how he built a billion-dollar company OYO at the age of 19.
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Timestamps:
00:00 - Intro
02:13: What is the best way to learn?
03:47: Did Ritesh design his growth?
04:42: Background of Ritesh Agarwal
08:03: Should you leave home to pursue your dream?
16:06: How OYO Rooms is empowering small business owners?
32:31: How to build trust in business?
35:36: How did Ritesh learn all these things?
45:16: Top 3 book recommendations by Ritesh Agarwal
53:34: How to recruit smart people
1:00:36: Model to scale a business from x to 10x
1:05:23: What is the most jugadu thing in OYO's journey?
1:14:29: Why is there no Indian brand outside India?
1:22:44: Power of content
1:23:36: How can I improve?
1:26:50: Outro
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About Raj Shamani
Raj Shamani is an Entrepreneur at heart that explains his expertise in Business Content Creation & Public Speaking. He has delivered 200+ speeches in 26+ countries. Besides that, Raj is also an Angel Investor interested in crazy minds who are creating a sensation in the Fintech, FMCG, & passion economy space.
To Know More,
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#Podcast #FiguringOut #RajShamani
About Figuring Out
Figuring Out Podcast is a Candid Conversations University where Raj Shamani brings raw conversations with the Top 1% in India.

[@rajshamani]

Subscribe To Our Other KZbin Channels:- www.youtube.com/@rajshamaniclips www.youtube.com/@RajShamani.Shorts

[@dothingswithfunyaksh]

So awesome and helpful video❤😊

[@Aditya.S1]

You got to update your timestamps man

[@RajivSharma-jp1us]

¹​@@Aditya.S1

[@FUTUREFITNESSACADEMYINTERNATIO]

He is great person I really like him….❤ but in Punjab oyo is completely failed we can’t trust oyo in Punjab

[@IshanSharma7390]

Loved this convo 🙌💯

[@abhishek6426]

I want to also start a startup could you help me ishan ❤️

[@RishitG]

@@abhishek6426 youtube has more than enough content on this topic

[@Nitishkumar-yq2vd]

@@abhishek6426 brother which type of problem you are solving

[@nishankpathak7083]

Success mantra of Oyo is fraud and scam and earn money

[@anishdeshmukh4333]

Ishan being here is the proof, that this is a high value episode

[@samsen7434]

The first person from whom I came to know about entrepreneurship & Startups is Ritesh Agarwal. He is one of the entrepreneur who is so humble and inspiring that every person wants to learn from. Thank you Raj! for bringing him on the Podcast😀

[@shuvamsarkar9086]

Same brother.. 🙂

[@ashutoshsingh4433]

Same......

[@suhanapriya7070]

Same... 😊

[@AjayKumar-nu3zk]

Same here

[@TarunKumar-ru2xw]

Buffet notes Categories business as Good, great and gruesome - Delight your customer - RoE is more important than Roc -How compounding works -have good health because it's only life -Be Trustworthy and never friend with cunning and untrustworthy people - use brain then emotions - Charlie munger --Think reverse like to think how to improve india we should think like how to destroy that country and fix those problems first. - Ritesh agarawal -- Have Predectibility and have greater vision like Start the company to world --Mark Zuckerberg Start with problems and find solutions and start company --Build company around Human Instincts like. How facebook found using human instinct to know about others. Solve real and big problem dont go after small problems --Peter Thiel Be innovative. Be away from competition. Start / invent new business which has no competition --Start Small and repeat the same to world. Kamath Not small beating big, fast beating slow Raamdeo agarawal Value migration ,Moats, terms of trade

[@millercoolable]

Loved the way Ritesh patiently waits for Raj to finish the question to start answering

[@cutesismile]

Totally Loved to listen Indian youngest billionaire Ritesh Sir..🙌❤ Raj Sir You Are Doing Great Job🔥

[@rajshamani]

thanks a lot🙌

[@ankurn.gandhi4722]

At this young age and at this position, Riteish is so humble and inspiration to all. 39:30 Very important way to write cold e-mail..

[@bishal0sapkota]

1 podcast a day makes may day Raj Bro You own the best podcast in India Love from Nepal.

[@rajshamani]

❤

[@dreamaiims6456]

nepal brothehood

[@karanparmar8637]

One thing I've learned from people like RAJ SHAMANI, RITESH AGARWAL is that what person you become highly depends on what type of content you consumed. It's a small point but make a big impact 👌👌🙌

[@rajshamani]

It’s a big point bhai❤️ content shapes your mindset

[@karanparmar8637]

@@rajshamani 🙌🙌

[@dothingswithfunyaksh]

​@@rajshamaniCompletely agree👍❤

[@ronakverma693]

What makes Ritesh sir unique is the way he gives respect even to his small hotel owners saying Javed Bhai and Shukla ji. Also, he could have just given his insights but he chose to not only hear but also listen to every story Raj sir wanted to share. No doubt why he is where he is today. Great one Raj sir.

[@sanskritigupta4445]

Ritesh is so humble and kind !! absolutely loved it !!! thanks a lot Raj for bringing him for us !!!

[@ankitagarwal1298]

I am also from Rayagada and I feel so proud and overjoyed whenever I heard that from his mouth. Thank you Raj for this ❤️.

[@ramanagarwal2116]

Ritesh Agarwal is amazingly brilliant. His thought process is so clear and he speaks in such simple language yet being very elaborate. I watched his first video when he spoke at IIM on how to start a startup and have been such a fan since.

[@chiranjeevdas7919]

He is so calm. Thanks Raj

[@lightlynoor]

Hi Raj, I have almost watched all your podcasts, but watching Ritesh speak with so much humility and gratitude, I couldn't stop myself from commenting. This is one of the best podcasts. It is no less than attending one semester at B-School.

[@googleuser6184]

I already knew it was going to be an awesome ep but it delivered more than I expected. Ritesh aggrawal is the person through whom i heard about entrepreneurship for the very first time. It is a treat to watch him impart his words of wisdom. Great job Raj sir. Respect

[@PUSHPENDRASINGHDIGITAL]

Wow you are truly an inspiration. Keep it up Raj Bhai

[@jenilshaah]

I got a chance to meet Ritesh once, he's truly a gem of a person😊

[@_vaibhavtaneja]

Its great to hear & learn from the most celebrated entrepreneurs like you two. I believe major part of learning happens when we put our foot on the ground, however, podcasts like this one really help to evolve mindset and identify what value traits are missing from us. Thanks for bringing this to all of us 🙌

[@pratikbharati3332]

26:18 1. Doing non scalable things also create the most value. 29:15 2. Business is only valuable if you get cash very quick. 33:25 3. Great relationships are build when you can have tough conversations on both sides. 41:00 - email searching trick 4. We never let University interfere with education. 45:10- book recommendations 1. No rules rules 2. Zero to one 3. Hard things about hard things 1:00:30- To scale a business.

[@raifrancis1288]

Thank you👍👍

[@dothingswithfunyaksh]

So helpful and great😊❤

[@riyagarwal445]

Truly amazing! Such a wonderful conversation. So much to learn from. Thank you for all the time. Felt as though I was having a conversation with Ritesh Sir.

[@ketansingh4965]

One of the best founder interviews I've come across. Great work @Raj Shamani Ji

[@adeshparikh1832]

Excellent podcast! I just wish that the question of how OYO survived COVID and how it plans to continue doing so in the future were asked

[@chessmaster2121]

How is this guy getting all the big people in his podcast? Respect and thank you

[@sidtotore]

excellent excellent podcast. the quality of guests just keeps getting better. soo much knowledge to be gained from this episode and the guest

[@salonytiwari3579]

Seriously the best conversations that we can come through..... Loved it 😊

[@shubhz7164]

every second of this podcast was full of knowledge - thankyou so much both of you for this valuable pod

[@lightlynoor]

This is THE BEST PODCAST (P.S. I've watched all of 'em) More than a podcast, it is a life lesson. First time, I watched it for information, now I come back to seek motivation. Ritesh is your best guest, and truly a gem! Underrated podcast.

[@itsroney]

Raj I saw some of your shorts but never knew about your podcasts.. seeing this video is just a phenomenal experience. And like Ritesh said .."more power to you & keep winning".

[@bijaymuduli1171]

Yes The first person to do a big impact of our odisha in business sector or a incredible man ,humble, priceless person We are always be try a next ritesh agarwal.... And prode our indian on whole world 🌎

[@vipashapmehta]

Absolute gold!!!!! Every word from this entrepreneur's mouth is nothing but pure gold. Seeding baat no bakwas! Also he is extremely down to earth - does not look or show off 1 bit that he is a billionaire - very reliable and humble...and he was also very encouraging for your channel giving golden advice....More power to you @rajshamani for bringing such great content abd great people. Please keep up the great work....!!!

[@philosophiesofsunny]

Raj, you're doing such an amazing work, thanks for bringing such type of industry's stalwart people on your channel, which otherwise we don't get chance to talk, meet and learn from them. But through your PODCASTS we get to understand their mindset behind building such large scale Business empires which revolutionize the whole market. Really you're doing such an excellent job.

[@Shelar-bn6lq]

Most awaited podcast❤❤

[@GajendraSinghDangi]

This podcast is really fruitful bro....lots of learning which will help in my life or in my business..... Keep going bro...and thanks alot....🔥❤️❤️🤟

[@jugaldoshi4846]

Very informative, this both person are going to go far away in their life. GOD BLESS YOU BOTH

[@neeladripanigrahi8810]

Just got done with the podcast, what an amazing work it is.... Just truly motivating and educational as well. Absolutely Loved it

[@pawangupta-fu3ic]

your commitment towards growing in life is awesome

[@mohitjain9918]

What an down to earth man. Deep respect for both the bade bhaiya's

[@Rajesh-be3jg]

One of the best interview in channel. Ritesh’s strategies, clarity of mind , examples are inspiring for upcoming entrepreneurs like me . Thanks for sharing , your content is evolving day by day

[@Ashish-dq6vv]

Which type of startups are you start ??

[@md.mehrabhaque2223]

Ritesh seems so passionate in the conversation.

[@preethikbalan]

Best ever content so far! Ritish you’re amazing, mahn.

[@Shubhamgontiya]

Amazing and probably the best interview i have ever come across,Cheers!

[@sapiophile01]

Raj's knowledge is also amazing.😍.and ritesh ki to baat hi alg🤩🤩

[@prachipatni29]

this podcast is SOOOO GOOOD and SO REAL!!!! 🔥🔥

[@samridhithakur8213]

Thankyou so much ,much needed, my inspiration

[@ditomathew1]

First time seeing Ritesh's interview. He speaks like a very experienced managed professional and I am amazed to see he is just 29.

[@bhamidipatisrinivas1551]

Great talk guys, so much knowledge and wisdom over flowing. Thank you so much.

[@deeyachouhan642]

AMAZED by the learnings i got from ritesh sir🥺 and very much thankful to you raj sir for providing such a value as well as enormous amount of dedicated time to your audience❤❤

[@adswithrahul]

Thank You Raj bhai for Bringing Ritesh Aggrawal here... Loved the conversation a lot

[@Amith-ky8hw]

An amazing value adding podcast ♥️♥️♥️ More power to you bro.

[@mayurdeshpande5211]

What a knowledgeable podcast. Great work raj. Ritesh sir u r a university. Thanks for the knowledge sharing

[@prachipatni29]

Raj you’re giving people the motivation to dreammm by getting the OGs on Figuring Out!!

[@vishalshah3917]

Podcast is such a powerful tool to address impacting issues.. everyone just see the fairy-tale side but hardly anyone speaks about the dark side of growing businesses. Podcast hosts should address this with their guests and these things NEED to be talked about!

[@rohitashwapratapsingh142]

wonderful insights, absolutely loved the podcast

[@rishipatel1042]

Ritesh Agarwal Sir is just a gem of a person,an extraordinarily wonderful entrepreneur, highly sympathetic and down to earth personality which can surely attract any human towards him !! It's really great as he is running a company valuing billions of dollars but is still so humble and open !! And a very big thanks to Raj Sir too for bringing such informative and educational podcasts with such a high intellectual quality!!! Love ya both !!!!!! ❤️❤️

[@Chinmay20]

I am also from kota rajasthan , felt very Proud hearing this 😍

[@AdityaVG10]

I was there for neet preparation for 2 years.

[@rishifr]

Podcasts like these always motivates me to work harder for my startup! I can't thank you enough for this Raj 💕

[@tipofthebydada-ql5ng]

I'm hooked to your podcasts.. They are so amazing.. Thanks for making the ocean of experience available to all.

[@shwetabhagat7027]

Quite an impactful podcast. The man personifies the term “well-versed”.

[@liiightee]

It's amazing convo I've ever heard

[@amoron.5421]

Amazing podcast.... Now I feel like I'm the entrepreneur myself, such confidence boost 👍

[@pritish369]

It's all about setting a right mindset and surrounding yourself with people who are right for you and your growth.

[@amarsingh-yf6pj]

I'm not even kidding...But whatever Raj told about Forbes and seeing Ritesh's name and getting attracted towards entrepreneurship, my story is the same :) I remember how Ritesh's IIM A how to start a start-up speech inspired me. Thanks, Ritesh, for making me fall in love with entrepreneurship :)

[@swapnilwankhede2561]

Such a humble guy! Loved the conversation raj keep them coming ❤

[@bijitkalita6756]

amazing learnings.. love it

[@drmediatrition4571]

you have really change my life raj , jaust want to thank you thanks alot!!!!! may god give youa lot of growth

[@rajshamani]

thank you for supporting😍

[@allcalmsoothing9443]

Awesome interview, Ritesh is so humble.

[@bijaymuduli1171]

And thanks Raj thanks for your valuable content for us..

[@ezarcpord]

Raj Shamani's Figuring Out's intro music is excellent.

[@karangoyal7386]

Much awaited podcast with both great people

[@mxdmaulikgoyal2226]

"Why there is no indian brand outside india" amongst the best segment of the podcast. excellent raj!!!!

[@superbonobo2407]

Thanks for this Raj. More power to you to help humanity.

[@abhishekchoudhary3736]

Loved this one. Ritesh is truly an inspirational for us

[@anuraganand6674]

Thanks for such a type of content 🤝

[@ROIgainer]

Watching your video is like surrounding ourselves with those dreamt 5 people with whom I'm spending time. It feels like we don't need to go and find and put energy to get these people. It like watch your video , feel like I'm the part of conversation and you two guys like talking with me. I just need now aim and follow your conversation. Infact there is more advantage , I can hear and watch this conversation again and again whenever I need to hear. That's the power of technology.. Thanks for making us part of such million dollar conversation...

[@yashkhaitan4695]

You both are inspiration , keep it up Raj bhai ♥️

[@atibakhtar8724]

Raj shamani sir you doing a great jobs for young entrepreneurs. And I also inspired by you and Ritesh Aggarwal sir is also my inspiration.❤️

[@suhailrana2519]

awesome interview ...Raj sir bring more people such as ritesh here ..

[@gauravsinhsindha5188]

very helpful conversation and inspirational for youth.

[@user-fj6oi5hb8p]

I am very happy to see this interview thanks to u Raj for providing us such a valuable information more power to you✨✨✨

[@ashupatellllll]

Here may be , I'm only one at the age of 17 watching all enterpreneur episode to get learning and making myself better and better. Having a lots of love for such type of show of Rajshahi ❤️😇🌈

[@mohitisrani1]

Bruh you are on fire🔥🔥, really love the entrepreneurial podcast series and Figuring Out background🤩

[@totwa.vvt2706]

Best experience knowledge thanks sir figuring out

[@sumit-jadhav]

Thanks for this great conversation. 💯

[@amarj5899]

Great talk Raj! Ritesh talked about the playbook and systems. Can you recommend some books, blogs or anything to get a better understanding about how to make a playbook for your own startup. Thanks bro , You're a gem.

[@anuragpansari3812]

really loved your content raj bhaiyaa

[@SudhirKumar-qd5th]

I am waiting for podcast with vijay shekar sharma I think that will be one of the best podcast if u do it.

[@thelearningschool7373]

It's one of the best episode Raj!Loved it ❤️❤️

[@yashjain2305]

Amazing question..how do you find and afford smarter people for small business. Great podcast, Raj

[@SDE844]

great podcast.. ritesh agrawal is really very inspire all of us

[@pradeepsingh9353]

Best lines from the conversation is " don't restrict learning only from Schools and universities". Not sure out of 3.8 lacs views how many would have watched till the last second of this podcast but I am one of them. Cheers to all who have watched , understood the video. Currently I am a hustler doing both Job and business. And my future is in Business. Good day to all..

[@SubhashChand-zb1fb]

This podcasts is truely so inspiring, informational, knowledgeable and many more and this inspires me a lot like a lot. This convo is truely amazing i get many things to learn and many things which i know i should do better and i should talk about my problem no problems really but issues with my parents or siblings or friend beacuse its true if we cant talk to them freely or cant convince them then who will we convince or will bw able to convince anyone that inspires a lot. I have many things to write but i don't know who to say or express them. Wish i have found this podcast earlier but now i find it i am gonna use the full of it knowledge which they both convey. And lastly thanks to raj for this incredibly incredible podcast inspires a lot. One of the best podcasts i have ever heard.

[@yogitaraghav6055]

Thank you, It's a big thank to you Raj. Today through Ritesh sir you helped me finding direction to surround myself with best people, which was my biggest concern till now. The video gave me lots of learnings to improve myself and become an enterpreneur. Thank you.

[@dhananjaypatil6024]

Such a valuable a video bruhhh🔥🔥🔥

[@Hazarat359]

It was really insightful podcast Alot go learn from ritish and you raj keep up the good work 👍😊

[@hafidhaneefa5]

Stunning video man🔥

[@BTBArman-vp5iw]

Thanks for this lovely conversation.. ❤

[@jaimishra2795]

Waiting so long for this amazing man to be in this amazing show.

[@yash_verma]

Very insightful

[@limatechofficial]

Listening now and learning so much...From Rayagada

[@sarnika9067]

Hey ! Awesome Conversation ! ❤️📚And I ordered the Book of Build don't Talk