Oyo’s Ritesh Agarwal joins Venture Catalysts to promote entrepreneurship across India
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In a bid to support India’s growing startup ecosystem, Ritesh Agarwal, founder, and CEO of Oyo Rooms will work as an advisor and mentor with Mumbai-based incubator Venture Catalysts (VCats). Agarwal will work with Dr. Apoorv Sharma, founder of VCats to promote entrepreneurship across the country’s tier 1, 2, and 3 cities and help India become ‘atma nirbhar’ (self-reliant).
“I started Oyo at a very young age and at a time when the ecosystem was not fully developed. I was fortunate enough to get some great mentors like Dr. Apoorva, Bejul Somaia, and many others, who guided and supported me in my start-up journey….now that I have established myself as an entrepreneur, I think it is time to give back to society and support entrepreneurs like them,” said Agarwal.
Through this collaboration with VCats, Agarwal wants to seek out young entrepreneurs coming from the smaller towns of India and support their ideas. “I am confident that we will be able to discover the next big idea from a tier 3 or 4 town,” added Agarwal.