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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 overnigh. 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?


Our Best Indian Business Case Studies:
1. Asian paints - https://youtu.be/jGT6ob8hV6M
2. Amul - https://youtu.be/nnwqtZiYMxQ
3. Haldiram - https://youtu.be/Z7P-t_yc8gE
4. Lijjat Papad - https://youtu.be/EdpoEmifW7M


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