The latest decide/shark on Shark Tank India is a 29-year-old entrepreneur who based his Rs 80,000-crore company at the age of 18.
Shark Tank India is set to return with its third season quickly. The standard actuality present sees budding entrepreneurs pitch their companies to enterprise capitalists and billionaire ‘sharks’ in a bid to hunt funding from them. While 5 of the older sharks return to the present in season 3, there is a new face too – (*18*) Agarwal, who is – at 29 – the second-youngest self-made billionaire of India.
Who is (*18*) Agarwal, the new shark on Shark Tank India?
(*18*) Agarwal is a 29-year-old first era entrepreneur, finest often known as the founding father of Oyo Rooms, the profitable hospitality chain. Born in 1993 in a Marwari household in Cuttack, he completed his education in Odisha earlier than transferring to Delhi for larger research. While in faculty, (*18*) started an AirBnB equal known as Oravel Stays when he was just 18 years outdated. The enterprise was one of many winners of the Thiel Fellowship in 2013, following which it was formally launched as Oyo Rooms. The company leases and franchises resorts and residential stays around the globe and presently has over one million rooms in 800 cities throughout 80 international locations.
(*18*) Agarwal’s internet worth and Oyo Rooms’ income
From its humble beginnings in 2013, Oyo grew quickly, elevating $1 billion funding in September 2018. In July 2019, (*18*) purchased again shares worth $2 billion from different buyers in a deal that put the valuation of the company at a large $10 billion. In Jannuary 2022, 500 present and former workers of the company purchases 3 crore shares within the company in a deal that valued it at $9.6 billion. The Economic Times reported the company’s whole property to be over $1 billion in 2021. In 2022, Money Mint reported (*18*)’s internet worth to be over $2 billion (Rs 16,462 crore).
When (*18*) Agarwal sold SIM cards
After (*18*) started his enterprise that grew into Oyo Rooms, {the teenager} dropped out of his faculty. However, he didn’t dare inform his dad and mom about his choice, fearing their disapproval. At that point, the entrepreneur resorted to promoting SIM cards to earn cash in order that he didn’t need to ask his dad and mom for funds. That time quickly ended when he secured the Thiel Fellowship wirth Rs 80 lakh in 2013, paving the best way for the muse of Oyo Rooms as we all know it at the moment.
