OYO founder Ritesh Agarwal announced that the company in the March quarter has become cashflow positive for the first time. Watch this video to know more.

OYO's cashflow turns positive for first time

<p>Ramesh Agarwal, the father of OYO Rooms founder Ritesh Agarwal, passed away after falling from 20th floor of a high-rise in Gurugram near Indian capital New Delhi. The high-rise is located on the Golf&nbsp;Course Road. It is not yet clear whether this was an accident or a suicide. The deceased lived with his wife&nbsp;while his son Ritesh Agarwal does not live in the same building.</p>

<p>The tragedy occurred just days after the family organised the young entrepreneur's wedding reception. The ceremony was attended by Softbank Chairman Masayoshi Son,&nbsp;Delhi Chief Minister Arvind&nbsp;Kejriwal&nbsp;and other bigwigs.</p>

<p>Ritesh Agarwal has released a statement after his father's death.</p>

<p>“With a heavy heart, my family and I would like to share that our guiding light and strength, my father, Shri Ramesh Agarwal, passed away on 10 March. He lived a full life and inspired me and so many of us, every single day. His death is a tremendous loss for our family. My father’s compassion and warmth saw us through our toughest times and carried us forward. His words will resonate deep in our hearts. We request everyone to respect our privacy in this time of grief.”</p>

<p>Media reports suggest that the tragedy occurred around 1 pm on Friday. Police have said that Ramesh Agarwal fell from the flat's balcony. At that time, his &nbsp;wife, his son and daughter-in-law were in the apartment. No suicide note has reportedly been found nor the family complained about the death.<br />
<br />
<em>(With inputs from agencies)</em></p>

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Ramesh Agarwal, the father of OYO Rooms founder Ritesh Agarwal, passed away after falling from 20th floor of a high-rise in Gurugram near Indian capital New Delhi.

Ramesh Agarwal, the father of OYO Rooms founder Ritesh Agarwal, passed away after falling from 20th floor of a high-rise in Gurugram near Indian capital New Delhi. The high-rise is located on the Golf Course Road. It is not yet clear whether this was an accident or a suicide. The deceased lived with his wife while his son Ritesh Agarwal does not live in the same building. The tragedy occurred just days after the family organised the young entrepreneur's wedding reception. The ceremony was attended by Softbank Chairman Masayoshi Son, Delhi Chief Minister Arvind Kejriwal and other bigwigs. Ritesh Agarwal has released a statement after his father's death. “With a heavy heart, my family and I would like to share that our guiding light and strength, my father, Shri Ramesh Agarwal, passed away on 10 March. He lived a full life and inspired me and so many of us, every single day. His death is a tremendous loss for our family. My father’s compassion and warmth saw us through our toughest times and carried us forward. His words will resonate deep in our hearts. We request everyone to respect our privacy in this time of grief.” Media reports suggest that the tragedy occurred around 1 pm on Friday. Police have said that Ramesh Agarwal fell from the flat's balcony. At that time, his wife, his son and daughter-in-law were in the apartment. No suicide note has reportedly been found nor the family complained about the death. (With inputs from agencies) You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here. WATCH WION LIVE HERE ×

India: Oyo Rooms founder Ritesh Agarwal’s dad dies after falling from 20th floor of Gurugram high-rise

<p><strong>OYO&nbsp;Rooms founder Ritesh Agarwal</strong> tied the knot with Geetansha Sood earlier this week in a New Delhi 5-star hotel. Top Indian startup founders, including PayTM’s Vijay Shekhar Sharma, Lenskart’s Peyush Bansal and Softbank's Masayoshi Son attended the high-profile wedding. While a lot has been discussed about Ritesh Agarwal on the internet, his wife Geetansha Sood is still a mystery woman for most of the audience.&nbsp;</p>

<h2><strong>Who is Geetansha Sood?</strong></h2>

<p>Geetansha Sood is now the wife of Indian billionaire and OYO Rooms founder Ritesh Agarwal. Sood is from Lucknow, Uttar Pradesh. She is the director of the company Formation Ventures Limited.<br />
Geetansha Sood's business was established in Kanpur. On August 22, 2020, Sood's company was registered with Kanpur's Registrar of Companies. She had invested Rs 1 lakh in the company's shares. The company has been linked to two more directors.</p>

<p>There is no other information available about Sood. Ritesh Agarwal has not revealed any information about her. Kuhook Sood is the name of one of the company's directors. There is no information available on the internet about Geetansha Sood’s net worth.</p>

<h2><strong>Who is Ritesh Agarwal—the OYO Rooms founder?</strong></h2>

<p>When Ritesh Agarwal was a teenager, he founded Oyo Rooms, a company that now has a presence in 80 countries. Today, OYO rooms is providing services in 800 cities.<br />
Agarwal was born in the state of Odisha. He finished his schooling in Odisha's Rayagada district. In Kota, he studied for the IIT JEE. Later, he dropped out of an engineering college in 2011. The following year, he launched Oravel Stays.&nbsp;</p>

<p>The business used to book low-cost hotels. The company received a Rs 30 lakh grant as part of an accelerator programme in 2012. The following year, his company received a one-million-dollar grant from the prestigious Thiel Fellowship. He used the funds to establish Oyo.</p>

<h2><strong>Wedding pictures go viral on the Internet</strong></h2>

<p>A number of photos from the event have gone viral on social media. Both Agarwal and his wife can be seen touching the feet of Softbank CEO Masayoshi to seek his blessings in one photo.</p>

<p>Softbank is one of the most prominent investors in the Indian startup ecosystem, having spent nearly $15 billion. Several unicorn startups, including OYO, Lenskart, and Ola, benefited from such investments in their early stages.</p>


OYO Rooms founder Ritesh Agarwal tied the knot with Geetansha Sood earlier this week in a New Delhi 5-star hotel. Top Indian startup founders, including PayTM’s Vijay Shekhar Sharma, Lenskart’s Peyush Bansal and Softbank's Masayoshi Son attended the high-profile wedding.

OYO Rooms founder Ritesh Agarwal tied the knot with Geetansha Sood earlier this week in a New Delhi 5-star hotel. Top Indian startup founders, including PayTM’s Vijay Shekhar Sharma, Lenskart’s Peyush Bansal and Softbank's Masayoshi Son attended the high-profile wedding. While a lot has been discussed about Ritesh Agarwal on the internet, his wife Geetansha Sood is still a mystery woman for most of the audience. Who is Geetansha Sood? Geetansha Sood is now the wife of Indian billionaire and OYO Rooms founder Ritesh Agarwal. Sood is from Lucknow, Uttar Pradesh. She is the director of the company Formation Ventures Limited. Geetansha Sood's business was established in Kanpur. On August 22, 2020, Sood's company was registered with Kanpur's Registrar of Companies. She had invested Rs 1 lakh in the company's shares. The company has been linked to two more directors. There is no other information available about Sood. Ritesh Agarwal has not revealed any information about her. Kuhook Sood is the name of one of the company's directors. There is no information available on the internet about Geetansha Sood’s net worth. Who is Ritesh Agarwal—the OYO Rooms founder? When Ritesh Agarwal was a teenager, he founded Oyo Rooms, a company that now has a presence in 80 countries. Today, OYO rooms is providing services in 800 cities. Agarwal was born in the state of Odisha. He finished his schooling in Odisha's Rayagada district. In Kota, he studied for the IIT JEE. Later, he dropped out of an engineering college in 2011. The following year, he launched Oravel Stays. The business used to book low-cost hotels. The company received a Rs 30 lakh grant as part of an accelerator programme in 2012. The following year, his company received a one-million-dollar grant from the prestigious Thiel Fellowship. He used the funds to establish Oyo. Wedding pictures go viral on the Internet A number of photos from the event have gone viral on social media. Both Agarwal and his wife can be seen touching the feet of Softbank CEO Masayoshi to seek his blessings in one photo. Softbank is one of the most prominent investors in the Indian startup ecosystem, having spent nearly $15 billion. Several unicorn startups, including OYO, Lenskart, and Ola, benefited from such investments in their early stages.

Who is Geetansha Sood—wife of OYO founder Ritesh Agarwal? Know about her profession & career

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OYO's cashflow turns positive for first time

India: Oyo Rooms founder Ritesh Agarwal’s dad dies after falling from 20th floor of Gurugram high-rise

Who is Geetansha Sood—wife of OYO founder Ritesh Agarwal? Know about her profession & career