Working towards taking Oyo Hotels global, says founder Ritesh Agarwal

Given our efficient management and economies of scale, we are generally profitable at the unit level, which is unheard of at this early stage in the business, says Ritesh Agarwal

Ritesh Agarwal, founder of Oyo Hotels and Homes, seems to be making all the right moves. After his $2-billion share buyback, the 25-year-old has taken up a non-executive director role from an executive director position in the India entity Oravel Stays. Agarwal would take up a larger role in Oravel Stays Singapore. In a quick chat with Karan Choudhury and Neha Alawadhi, Agarwal explains the moves he has made in the past 12 months to make his operations global. Edited excerpts:   

Why has Oyo set up an entity in Singapore? Can you elaborate. 

This entity was formed in 2015