The Hurun India Rich List 2024 valued Ritesh Agarwal at $225 million, or Rs 2,160 crore, as reported by Business Today on 3 September 2024. A Times of India headline in February 2024 had cited about Rs 16,000 crore, so published figures differ widely.
His wealth comes from his stake in OYO, which he founded in 2012 as Oravel Stays. The company was renamed OYO in 2013, the year he received a $100,000 Thiel Fellowship grant.
OYO's value has swung. Its valuation fell from about $10 billion at its peak to about $2.5 billion in a June 2024 round. In December 2024 it completed a $525 million purchase of G6 Hospitality, the owner of Motel 6.
The parent company, now called PRISM, received SEBI approval in June 2026 for a Rs 6,650 crore fresh issue and filed an updated draft prospectus on 30 June 2026. Until a listing happens, his stake has no market price.