OYO CEO Ritesh Agarwal’s FY22 pay up 350% to ₹5.6 cr
Massive rise in Agarwal's remuneration came at a time when OYO resorted to cuts across salary & bonus, marketing and other expenses to curb losses.
ritesh agarwal
September 2022
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OYO files revised IPO papers with SEBI
OYO had filed initial papers with SEBI to raise about $1.1 billion in 2021. Revised DRHP shows a reduction in losses in FY22
“Kept our eyes and ears close to the ground”
“Whenever the company is facing any challenge, go back to customers and partners, they will tell you what to do. All the decisions we took after Covid-19 were based on feedback and suggestions.”
Ritesh Agarwal’s ownership cost highest among Oyo investors
Buyback from a clutch of investors and staff ESOP pool jacks up cost to ₹101 a share.
When I was starting I had this conviction of now or never: Ritesh Agarwal
Having built one of India’s most successful unicorns with a global footprint in less than a decade, Ritesh Agarwal of OYO is now tapping into newer opportunities such as staycation and holiday homes.
Care, cash, evolution: How OYO navigated Covid-19
OYO was hit hard by the pandemic last year. Founder Ritesh Agarwal, who is at the forefront of reimagining OYO for a post-pandemic future, explains how he has been crafting this strategy.
Introspection key for any entrepreneur: OYO
In a virtual summit, several startup founders, including OYO founder Ritesh Agarwal, gathered to speak about challenges in these tough times, and ways to overcome them.
A host of troubles for OYO
Ritesh Agarwal had enough to contend with: conflict with partners, fallout of rapid expansion, and restructuring. Then came a pandemic, giving the OYO founder his most difficult battle yet.
OYO announces pay cuts in India
The SoftBank-backed company said it is, however, not considering job cuts in India at this time, despite significant economic pressures.
Covid-19: OYO offers free stay to medical staff in U.S.
In India, OYO said it has reached out to ministries and state governments to offer some of its properties for pay per use quarantine facilities at an affordable price.
