OYO's Ritesh Agarwal Is the Newest Shark Of Shark Tank India
Ritesh Agarwal, the founder and CEO of hotel chain OYO, has joined TV show Shark Tank India as a shark for its upcoming season.
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Ritesh Agarwal, the founder and CEO of hotel chain OYO, has joined TV show Shark Tank India as a shark for its upcoming season.
Ritesh Agarwal-led OYO reported an operating revenue of INR 5,463 Cr in FY23, a 14% increase from INR 4,781 Cr in FY22.
IPO-bound hospitality major Oyo's India Chief Executive Officer (CEO) Ankit Gupta and the head of its Europe business Mandar Vaidya have resigned. A company spokesperson told Business Standard that the two had moved on from their roles six months ago in March 2023. During the same period, Oyo had rejigged its top management, where the company's COO Abhinav Sinha was reassigned as Chief Product and Technology Officer, while Chief Business Development Officer Anuj Tejpal was reappointed as Global Chief Merchant Officer.
Both roles were already transitioned six months ago to Varun Jain, as COO India, and, Gautam Swaroop, as CEO OYO Vacation Homes, respectively, the company said.
"We are proud of their achievements at Oyo and are thankful for their leadership. Both roles were already transitioned six months ago to Varun Jain, COO India, and, Gautam Swaroop, CEO, Oyo Vacation Homes, respectively," an Oyo spokesperson said