Oyo is successful because of its business model, says CEO Ritesh Agarwal

Oyo is successful because of its business model, says CEO Ritesh Agarwal

Ritesh Agarwal. Photographer: Samyukta Lakshmi/Bloomberg

Ritesh Agarwal, founder and chief executive of Oyo Rooms, one of the country’s most popular unicorns—or rather decacorns (startups with $10 billion in private market valuation)—insists the credit for the success of his startup should go to the business model and not the quantum of capital raised.

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