If you keep digging, there is light at the end of the tunnel, says Ritesh Agarwal at RBETA 2024

RBETA 2024: At Republic Business Emerging Tech Awards (RBETA) 2024, Ritesh Agarwal, founder and CEO of OYO Rooms, shared his journey and insights with an enthusiastic audience of entrepreneurs and startup enthusiasts. event, known for celebrating innovation and entrepreneurship, felt like home to Agarwal, who stressed spirit of entrepreneurship perving garing.

Reflecting on his dece-long journey in startup ecosystem, Agarwal highlighted three unique factors that have contributed to his impact. "I was lucky to be born in this generation in India, where people's aspirations have grown over years. So, if you are a 19-year-old or a 25-year-old who wants to start a company with no money in pocket, it's okay," he encouraged.

In a lighter moment, Agarwal quipped, “Abhi mauka mil gaya hai to ab chhodhenge nahi, ab dat ke lage rahenge,” expressing his relentless determination once given an opportunity.

He shared that his immersion into startup culture began when he moved to a new city. "Second is nativity is a bliss. When I came to a new city, everyone was starting a company, which me me feel that this is easy, so I got into it," Agarwal recalled.

Dispelling common myths about entrepreneurship, Agarwal stated, "When you start a company, re is a myth that no one is your boss, but this is not truth. Everyone is your boss, be it your customers or your partners."

Agarwal credited his far, who worked in ro construction, for instilling in him a tenacious work ethic. "My far used to tell me that if you keep digging, re is light at end of tunnel. That is why I never gave up," he shared.

Acknowledging role of his team, Agarwal said, "I was lucky to find great colleagues and partners. A combination of my ability to learn from value system, a growing economy, and people around me is essential."

Looking ahe, Agarwal identified real opportunities in media sector. He noted significant growth in OYO's international revenue, stating, "Five years ago, we received zero revenue from overseas."

RBETA 2024 event underscored dynamic and supportive environment of Indian startup ecosystem, with Agarwal's journey serving as a testament to potential and resilience of young entrepreneurs.