- Ritesh Agarwal, CEO of OYO, has become one of the sharks in Season 3 of Shark Tank India, a reality TV show where entrepreneurs pitch their businesses.
- Agarwal announced his participation on X (formerly Twitter), expressing excitement to support emerging Indian entrepreneurs.
- He joins other sharks, including Peyush Bansal of Lenskart, Anupam Mittal of People Group, Namita Thapar of Emcure, and Vineeta Singh of Sugar Cosmetics in the upcoming season.
- OYO, a SoftBank-backed startup, is expected to report its first profitable quarter in Q2 of FY24, according to Agarwal.
- The company filed for an IPO but reduced its size from INR 8,430 Cr to INR 3,286 Cr earlier this year, and it recently saw key leadership transitions.
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