Oyo to invest Rs 100 crore in Andhra Pradesh

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ritesh-agarwal

Source: Google

The founder of Oyo Rooms, Ritesh Aggarwal has recently announced that he will be expanding Oyo’s hotel chain in Andhra Pradesh by investing Rs.100 crore over the next five years. At the Star AP awards, the founder won the ‘Entrepreneur of the year’ award, hereby declaring to expand the room count to 20000 in the next five years. According to the founder, Oyo Rooms has already created 1,000 jobs in Andhra Pradesh and is all set to create 10,000 more jobs in the next 3 years within the state. The recent announcement states that Ritesh will be in talks with the Chief Minister Chandrababu Naidu for creating a back office for operations.

Source: TheNewsMinute

An ideator, a wanderer and a compulsive connoisseur of food, Nishtha aims to become a globe trotter someday. Acclaimed as a silent ninja on her work desk, she loves to live wild and free outside of work. A perfect paradigm of the rarely spotted ambiverts, she loves weaving magic by penning down her thoughts.

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