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Oyo founder Ritesh Agarwal.

This SoftBank-funded startup was founded by a 24-year-old to glam up budget hotels, and it’s just launched in the UK

SoftBank-funded Indian startup Oyo has launched in the UK, expanding its network of budget hotel rooms that offer a consistent level of service and decor. The company was founded by 24-year-old Ritesh Agarwal and has received funding from SoftBank, Lightspeed, and Sequoia.