ritesh agarwal salary

While in India, the company has laid off around 3000 employees, 5% of its staff in China, and over one-third of its employees in the US, bringing its total workforce to 25K. Gurugram-headquartered hospitality firm OYO says its group CEO Ritesh Agarwal will forego his salary for the rest of the year in view of coronavirus outbreak, and that all employees in India will continue to receive their salaries and benefits without any interruptions during the lockdown period, Coronavirus: Zomato launches hyperlocal grocery delivery across Punjab, Delhi, Kerala, Search for what you want, categories, tags, keywords, authors, events, anything under YourStory, [Funding alert] Edtech startup StayQrious raises $2M in seed round, [Funding alert] SaaS startup Infilect raises $1.5M in Pre-Series A round, [Funding alert] B2B ecommerce startup ShipsKart raises Pre-Series A round from Betatron, Harness the power of Business Analytics with this online program by BITS Pilani, Measuring the impact of Aatmanirbhar Bharat Stimulus Package on MSMEs; The journey of Trifecta Capital, Ecommerce to create 3 lakh jobs this festive season: RedSeer, Meet Subhe, a startup empowering India’s non-English users with job skills, From prototype to policy – 25 quotes of the week on digital transformation, [YS Learn] From co-founders turning security guards to reaching 1.6 million homes, the MVP journey of MyGate, Nobody wants to be called a ‘patient’ anymore: Amway India CEO.
He is included in Forbes 30 under 30 list for the last 3 years. Oyo said on Thursday that Ritesh Agarwal will not take a salary from April. He regularly makes appearances in institutes and entrepreneurial conferences to give speeches. Ritesh Agarwal can only become more successful with his hard work and we wish him luck for that. As a result, the company had told its partner hotels that there may be possible disruptions in payment cycles. We will update this article with more information as soon as we get to know anything about it. This has tripled his stake in OYO Rooms from 10% to 30% which means that there is going to be a significant jump in his net worth as well because of this. OYO Rooms is the main source of his income which has a Net Worth of $400 Million (Approx.). His perseverance with OYO Rooms and how he has expanded it shows his capabilities as a leader. Ritesh Agarwal net worth was last estimated to be around Rs. Ritesh Agarwal income has been benefited greatly from these moves. We pledge to make contents that would be meaningful to you as well as helpful. Sales Tech Startup SquadStack Bags $5 Mn From Chiratae, Blume Ventures... Paytm IPL Cashback Scheme Back 10 Days After Google Take Down. Under Agarwal, OYO Rooms has not only grown but also made some terrific investments although he has been marred with controversies. He has won the Business World Young Entrepreneur award as well. Where Does India Stand In The Global Esports Landscape? Ritesh Agarwal, founder and group CEO said, “The current situation world over is deeply concerning to each and every one of us. Celebrity Earnings is one of the premium websites to inform you about the income of various celebrities and people that you might be knowing about. By 2018 the company had raised 1 billion dollars in seed funding which took its valuation to 5 billion dollars. COVID-19 has impacted the global hospitality industry significantly with occupancies of various hotel chains being affected drastically. Ritesh Agarwal is one of the most exciting entrepreneurs in India at present. The OYO leadership team and company are further contributing INR 2.5 Cr to the Indian PM CARES fund. The company management has also taken several other measures to ensure business continuity and is committed to the well-being of its OYOpreneurs. The partnership will be activated in six cities namely, Mumbai, Delhi, Hyderabad, Chennai, Bengaluru, and Kolkata for the purpose of self-quarantine and isolation for suspected COVID-19 patients that require medical observation and supervision. The company’s executive leadership team has taken a voluntary pay cut starting at 25%, with many opting for an additional uncapped amount, and some going up to 50% to enable building the runway for the company. Details about Ritesh Agarwal house is not known except that he has a family home in Rayagada in Cuttack, Orissa. In Malaysia, OYO is offering complimentary rooms to medical practitioners and giving 50% discount to government employees and those working in essential services. For instance, in UK OYO hotels are available to those in need at a flat weekly price for 7 days or more while in the US, OYO has offered rooms across 300 hotels for free to all medical professionals, including doctors, nurses and first-responders. In this article, you will learn about Ritesh Agarwal income, earnings, salary, early life and other information.

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