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

Video Description

🎧 Listen To #IndianBusinessPodcast On Spotify: https://open.spotify.com/episode/3qpfy7NcMVQvibA3BSX6r6?si=cvDqBzDnSfydadMc57fFcg 👉Check out University Living - https://uniliv.app/EzwpLcDZv ⭐️ Think School’s flagship Communication course with live doubt sessions : https://thethinkschool.com/sp/communication-masterclass/ ⭐️ Owled Media : Get your next marketing campaign and ad film by OWLED Reach out to them here https://www.owledmedia.com [email protected] 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? 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 Think School is a Digital School that we all deserved, but never had ►►Check out Think School's Online courses: https://www.thethinkschool.com #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.