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OYO’s Ritesh Agarwal launches Aroa Ventures to bet on growth stage businesses

OYO’s Ritesh Agarwal launches Aroa Ventures to bet on growth-stage businesses

OYO’s Ritesh Agarwal launches Aroa Ventures to bet on growth-stage businesses
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By Megha Vishwanath  Jul 30, 2020 12:20:33 AM IST (Updated)

OYO's group chief executive officer Ritesh Agarwal has set up a new investment entity Aroa Ventures that will focus on growth-stage businesses in the consumer, technology and leisure infrastructure sectors.

OYO's group chief executive officer Ritesh Agarwal has set up a new investment entity Aroa Ventures that will focus on growth-stage businesses in the consumer, technology and leisure infrastructure sectors.

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Aroa Ventures is sponsored by RACo holding company and according to its official website, this is a Singapore-based entity. This investment arm is looking to invest anywhere between invest between $500,000 and $5 million.
Along with Ritesh, Gaurav Gulati who was part of the founding team and chief operating officer of Innov8 Co-working, which was acquired by OYO, will be heading Aroa Ventures, digital publication Entrackr was the first to report the news.
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Both entrepreneur turned investors claim to be are operationally-oriented and are seeking to partner with entrepreneurs of high repute, who are looking to build long-lasting businesses.
Aroa Ventures' website says, "Beyond capital, our team of serial entrepreneurs and experienced professionals work alongside portfolio companies to accelerate their growth and to deliver better risk-adjusted returns."
OYO has not responded to CNBC-TV18's queries or shared an official comment on this development yet.
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