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Ritesh Agarwal On Taking OYO To Profits, The Shark Tank Spotlight & More
- Ritesh Agarwal, the founder of OYO, has spearheaded the company's turnaround to profitability and its recent acquisitions overseas.
- OYO has posted its first full year of profitability in FY24 in its 11 years of existence, which Agarwal is credited with achieving.
- Agarwal became a judge on Shark Tank India Season 3, demonstrating his founder-first mindset when it comes to backing early startups.
- Recently, Agarwal spoke to Inc42 about OYO’s turn towards profitability, his approach to hiring for the leadership layer, his thesis as an angel investor, among other aspects of being a founder.
- Agarwal believes in a power of potential and looks for an individual’s skills, adaptability, and capacity for growth when considering candidates for promotion.
- He is particularly drawn to early-stage startups and founders who have truly immersed themselves in their business.
- Agarwal's investment philosophy is deeply rooted in his own entrepreneurial journey, perseverance is key, and attention to detail and self-awareness are equally important.
- Agarwal is driven by a single vision: to build the most impactful premium budget hotel and holiday homes company of our generation.
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