OYO successful due to its business model, not funding: CEO

India's most valuable hospitality startup OYO's Founder and CEO Ritesh Agarwal, in a recent interview, said that the startup is successful because of its business model and not the quantum of capital raised. Founded by the now-25-year-old at 19 years of age, OYO has raised $1.7 billion to date, as per Crunchbase. It most recently gained a $10-billion valuation.