Kunal Shah on productivity, life hacks and how India can become a successful nation Kunal Shah is the founder of CRED. He is a fierce learner and has added layers of knowledge through his observation of the world and people. Here are few takeaways where he appeared on a podcast, on productivity and how India will become the superpower of the world. Try to meet more smart people to become smarter. Good people who want to learn all the time will naturally surround themselves with other people who want to learn all the time and that group compounds much faster. Our country will move forward where more people will take risks with their careers. More people taking risks with their careers will result in them creating careers for other people who don't want to take risks. People who keep complaining about work-life balance either have a shitty life or a shitty job. Watching content, again and again, will not improve your life, taking actions will. Understand the value of time ...
'Dropout at 17, billionaire at 24'...The journey of an amazing entrepreneur...
'Great living space', 'for a common man'. When these 2 phrases are joined, we feel they are mutually exclusive. Normally 'great living space' is often heard by or given to rich people be in a 5 star hotel, resorts and elsewhere, but not to a common man. Here comes a person saying that he will provide world class facilities to a common man at affordable prices.
Ya...you guessed it right, it's none other than Ritesh Aggarwal, founder and CEO of OYO, India's largest chain of standardized budget hotels.
EARLY DAYS
This young entrepreneur was born and brought up in Orissa,India, in a small district called Rayagada. When he was 8 years old his sister was once talking about the entrepreneurship fest in her college, he heard the word 'entrepreneur' and felt it was quite cool word and also to solve problems along side a business and decided that his aim is to become an entrepreneur in future. He was excited.
THE JOURNEY OF UPS AND DOWNS... ALONG WITH LEARNING...
After his schooling, he came to Delhi to continue his studies further, but only to attend the college for 2 days as his heart was always in entrepreneurship. During this time, he started attending startup seminars and also interning in startups for 2 reasons: one was to know how startups work and other reason was he liked travelling to different places and in this course of time he understood that the hotels in India were not matching the basic needs of a customer- bad customer experience, not affordable rooms. In 2012 he started Oravel tying up with one hotel promising the demands and subsequently got links from various other places.
During the same period of time, he won the Thiel fellowship, an open mentorship with a cash prize of $100,000 to those under the age of 20 with a crazy startup idea, started by Peter Thiel, co-founder of PayPal. This gave a massive boost to his startup but the hurdles were yet to come.
THE FINAL GO...
The unclean rooms, sweeper has not arrived on time, receptionist sleeping was resulting in annoying the customer. So he started fixing these things one by one by providing neat and tidy rooms with all facilities, easy check in and check out, customer feedback all using technology through a mobile based app. He relaunched Oravel as OYO- 'On Your Own' in 2013.
By addressing and working on things where other companies felt it was not scalable his company started having gross bookings of more than 1 crore a month and today it has been scaling heights with more than 458,000 rooms in more than 12 countries including India to create largest chain and standardized budget hotels globally.He said it rightly "The reality is that Indian markets accepts and adapts faster to real problem solutions than anywhere in the world."
Steve Jobs once said "Innovation is what distinguishes leaders from followers" and Ritesh is a right example for it. His journey is truly amazing and continues to be. He is an epitome of how young minds can build bigger dreams and make it happen...
THANK YOU
Share this article with your friends and family to know how journey of an entrepreneur begins with with a lot of setbacks and how with hardwork and and commitment they scale heights!!
Feel free to comment and share your valuable feedback, suggestions in the comments section!!
'Great living space', 'for a common man'. When these 2 phrases are joined, we feel they are mutually exclusive. Normally 'great living space' is often heard by or given to rich people be in a 5 star hotel, resorts and elsewhere, but not to a common man. Here comes a person saying that he will provide world class facilities to a common man at affordable prices.
Ya...you guessed it right, it's none other than Ritesh Aggarwal, founder and CEO of OYO, India's largest chain of standardized budget hotels.
EARLY DAYS
This young entrepreneur was born and brought up in Orissa,India, in a small district called Rayagada. When he was 8 years old his sister was once talking about the entrepreneurship fest in her college, he heard the word 'entrepreneur' and felt it was quite cool word and also to solve problems along side a business and decided that his aim is to become an entrepreneur in future. He was excited.
THE JOURNEY OF UPS AND DOWNS... ALONG WITH LEARNING...
After his schooling, he came to Delhi to continue his studies further, but only to attend the college for 2 days as his heart was always in entrepreneurship. During this time, he started attending startup seminars and also interning in startups for 2 reasons: one was to know how startups work and other reason was he liked travelling to different places and in this course of time he understood that the hotels in India were not matching the basic needs of a customer- bad customer experience, not affordable rooms. In 2012 he started Oravel tying up with one hotel promising the demands and subsequently got links from various other places.
During the same period of time, he won the Thiel fellowship, an open mentorship with a cash prize of $100,000 to those under the age of 20 with a crazy startup idea, started by Peter Thiel, co-founder of PayPal. This gave a massive boost to his startup but the hurdles were yet to come.
THE FINAL GO...
The unclean rooms, sweeper has not arrived on time, receptionist sleeping was resulting in annoying the customer. So he started fixing these things one by one by providing neat and tidy rooms with all facilities, easy check in and check out, customer feedback all using technology through a mobile based app. He relaunched Oravel as OYO- 'On Your Own' in 2013.
By addressing and working on things where other companies felt it was not scalable his company started having gross bookings of more than 1 crore a month and today it has been scaling heights with more than 458,000 rooms in more than 12 countries including India to create largest chain and standardized budget hotels globally.He said it rightly "The reality is that Indian markets accepts and adapts faster to real problem solutions than anywhere in the world."
Steve Jobs once said "Innovation is what distinguishes leaders from followers" and Ritesh is a right example for it. His journey is truly amazing and continues to be. He is an epitome of how young minds can build bigger dreams and make it happen...
THANK YOU
Share this article with your friends and family to know how journey of an entrepreneur begins with with a lot of setbacks and how with hardwork and and commitment they scale heights!!
Feel free to comment and share your valuable feedback, suggestions in the comments section!!
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