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He takes the initiative, provides capital, bears risks and looks
for high achievements.
Crowd Funding
Angel Investment
Venture Capital
Bank Loans
Business Incubators and Accelerators
“START-UP INDIA”
History
•Founded by Ritesh Agarwal in 2012
•Initially it was named as Oravel Stays
• Started with one city and one hotel in
Gurgaon
Area of Operation
•affordable and standardized
accommodation
•standard features including free Wi-Fi
and breakfast, flat-screen TVs
• price range from Rs999 to Rs12000
rupees
Funding
• $100,000 from Theil Fellowship
• $100 million from Soft Bank
• $100 million from Venture Nursery
Achievements
•From 1 city and 1 hotel to 65,000 rooms in 5,500
hotels across 177 cities
• Express IT Awards - Start-up of the Year
• Business World Young Entrepreneur Award
• Ritesh’s name was listed in the Forbes list in the
“30 under 30” list in the consumer tech sector
roadrunnr