@-RiteshAgarwal discusses SECRET Business Strategies, OYO Bankruptcy and Peter Thiel on IBP Ep 9

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VIDEO INTRODUCTION:
In this episode of the Indian Business Podcast, we get insights from Ritesh Agarwal, the founder and CEO of Oyo Rooms. He tells us about his journey from being a young, inexperienced entrepreneur to leading a big success in the hotel industry. Ritesh talks about overcoming big challenges, like losing 70% of the company's revenue overnight. He also talks about how it's important to think differently and how he got help from the Thiel Fellowship. This video shares lessons he learned, why it's good to be different, and the value of education beyond formal settings, offering invaluable insights for aspiring entrepreneurs and business leaders.

Timestamps
00:00 Trailer, introduction
3:49 How did Ritesh Agarwal's early experiences in selling SIM cards influence his entrepreneurial journey?
12:38 When you were a small business owner what did you know that you wished Airtel knew?
18:34 Exercise, How would you gain customer Insights for Dal makhani?
25:19 In-store Placement of Items? Where you should focus on Placing your item
27:10 What are the most important Insights you got from hotel owners?
34:16 Do things that don’t scale? What are the key differences between founder-driven companies and professionally driven companies?
40:05 How do you manage to keep communication, clarity, and value intact while growing your organisation?
46:40 Do you have a set of Values that you made sure every single employee in the company knows?
51:24 What happened in 2019 covid -19 and how did you overcome the challenges?
58:05 Why did Oyo move away from the minimum guarantee model?
1:00:45 How did Ritesh Agarwal come to Mumbai?
1:02:42 How was OYO Born?
1:02:05 How did the Thiel Fellowship help Ritesh Agarwal in his business journey?
1:17:30 What questions were asked in the Thiel Fellowship application? What is the method of filtration?
1:21:44 What is the Thiel Fellowship program Like?
1:27:05 How did your approach to Oravel change?
1:20:07 What is Marriott's business model?
1:32:40 When did you first Raise money and how much did you Raise?
1:36:00 What are the slabs in Hotel Industry and where was OYO?
1:37:40 First validate and then Scale.
1:43:05 Why is OYO so successful than others?
1:45:30 How did you learn that Tier 2 and Tier 3 can be a great market? How did Oyo's global expansion strategy evolve?

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#thinkschool #businesscasestudy #geopolitics #indianbusinesspodcast #oyo #business #podcast Credits: CNN-News 18, WION, NBC News, Money control pro, Business standard, TV18,Business Today, ABC news, CNBC, ET now ,Bloomberg originals, Financial Times, DW documentary, AL Jazeera English, BBC news, Firstpost. Fair use - This video is for educational purposes only. All materials used in this video, including images, audio, and video clips, are the property of their respective owners and are used here under the doctrine of fair use. This video is intended to provide commentary, criticism, research, and education on the subject matter. We believe this constitutes a fair use of any such copyrighted material as provided for in Section 107 of the US Copyright Law.

[qlufcju]

there's a book called whispers of manifestation on borlest, and it talks about how using some secret tehniques you can attract almost everything in life it's not some bullshit law of attraction, it's the real deal

[sajalkishore]

Dear Ganesh
This discussion is worth more than a semester of a business degree. Shall implement key learnings in my organization as well.
You are not just an entrepreneur, you are becoming quite a social entrepreneur by bringing such content to the masses !

[rahulghoshyt]

Ritesh is the most humble shark on Shark Tank India....🖤✨

Thank you Ganesh for bringing him.✨

[amanpreetsingh]

"Ritesh Agarwal's journey from a young entrepreneur to building OYO into a global brand is truly inspiring! His resilience and vision are a beacon for aspiring entrepreneurs everywhere. Keep shining, Ritesh! 🌟"

[Karthik]

We stop trying OYO before a year, bcoz I don't know the situation in the North. But if I book OYO in Chennai or any other cities in Tamilnadu. At Check in Time hotels Simply Reject our Booking, or ask more money. So we know 90-95% OYO Booking is not working as per OYO app mentioned Amount.

[abhilashgoje]

The most grounded entrepreneur. No IIT No IIM, still very deep knowledge and deep understanding of the Indian market. Thanks for this wonderful podcast ❤.

[aninsignificantman]

The way oyo operates and does not take any ownership of its customers problems, I hope it goes bankrupt. I have had several instances where they took the money and dennied service on odd hours and the customer care did nothing. They show hotels as listed when the hotel owners deny service saying they had de-registered and no one hears . This company has failed miserably in service and should not be allowed to function based on history of mismanagement. I have such strong feelings because of personal experience and not just 1-2 cases but many many cases personally

[sbs]

This content is GOLD, good enough to be taught as a Business elective!

Thanks Think School for this insightful interaction with Ritesh Agarwal.

[harsha_jk]

Video quality is becoming better Day by day with all the explanation and all, but a suggestion is that divide the video by topics

[hrithikjaishwal]

That line "dukaan badha k aajao" was really really correct as i also come from a family of small business owner.

[AkshitChaudhary]

People like Ritesh & Ganesh Inspires the Young India.

I bet in the Next 10-15 Years, I will build something similar to Thiel Fellowship for India.

[nakraabhinav]

I have worked in Oyo for 3 years and seen both the pre COVID and post COVID era, a lot of things told on this podcast are not the reality experienced by an employee.

Ritesh comes with his unique vision for sure, but is also blind on a million things as well.

[metdukhphom]

Lots of trivial epiphanies yet in a profound way.
Absolutely stacks of take away from this.
Everytime and everything in this channel has been worth time invested so far.

[srr]

Both have a unique rhythm and tune when they talk. The way each of these men separates their sentences is so calm, quiet and metred. Wish people in Indian parliament learnt talk like these two men.

[bindesh]

Prince In Exile 😎💯 Thank You Ganesh Bro There Is A Lot I've Learnt From You ... Thank You Very Much For This Podcast ... I'm Waiting For This Podcast From 2 Months ❤️

[_khushi_upadhyay]

Bro... you're literally doing great day by day...with amazing contents...keep it up✨✊

[suraj_bini]

IBP is another underrated podcast series after Nikhil Kamath's podcast. Better than any business lecture and class.

[Unemployed_Sage]

This person knows the depth of retail kirana store, , for the first time I saw someone literally appreciating the nuances of small business. Kirana owners literally close their shop just for two days whole year .. on Diwali and Holi

[phyllissong]

This podcast is full of gold nuggets! I'm taking notes on the importance of having your 'ears to the ground, ' understanding your ideal customer, and building a strong value system within your company.

[evangelakash]

this is masterclassnon how to be humble while talking.