The founder of OYO, Ritesh Agarwal’s father dies after fall from Gurugram’s 20th floor

Ritesh Agarwal's father dies after fall from Gurugram's 20th floor

Ramesh Agarwal, the father of Oyo Rooms founder Ritesh Agarwal, passed away on Friday after falling from a high-rise structure on Gurugram’s 20th floor. Days after Ritesh Agarwal’s wedding, the death occurs.

Ritesh Agarwal pleaded with “everyone to preserve our privacy in this time of mourning” in a statement.

In Depth details about The founder of OYO, Ritesh Agarwal’s father dies after fall from Gurugram’s 20th floor:

“With sorrowful hearts, my family and I would like to announce that my father, Shri Ramesh Agarwal, died on March 10th. He was our guiding light and strength. He led a full life and daily served as an inspiration to me and a great number of people. His passing leaves our family with a great loss. The kindness and tenderness of my father helped us get through our most trying times and propelled us onward.

According to DCP, Gurugram East, the incident was reported to the police at around 1 pm. “At about 1 pm, information was received from DLF security that a person has fallen from 20th floor of DLF The Crest community and was rushed to Paras Hospitals for treatment. A crew and SHO Sector 53 went to the scene of the incident. Ramesh Prasad Agarwal was recognised as the fallen person during an inspection of the scene of the incident. The Paras Hospitals received the lifeless body of Ramesh Prasad Agarwal. His wife, son Ritesh Agarwal, and his (just-married) wife were present when he died after falling from the balcony of his residence. There was no note left by suicide. The family has not complained about the circumstances surrounding the death, “Virender Vij added.

“An inquest report pursuant to Section 174 CrPC was conducted. Sector 53 Station House Office (SHO) and a team went to the scene of the incident. body was handed over after the post-mortem, “the police officer added.

According to reports, Ramesh Agarwal and his wife were residing in an apartment in the high-rise. According to news reports, his son’s house is not located in the same building.

Ritesh Agarwal, 29, married Geetansha Sood, the director of Farmation Ventures Private Limited, earlier this week. Several famous people, including Vijay Shekhar Sharma of Paytm, Masayoshi Son of SoftBank, Ashneer Grover, a former co-founder of BharatPe, and Sunil Mittal of Bharti Airtel, were present at the lavish reception in Delhi.

The family of Ritesh Agarwal hails from the Odisha city of Rayagada, where they had a small store. Before moving to Kota for further education, where he visited Delhi secretly, Agarwal used to sell SIM cards there.

Microsoft, SoftBank Vision Fund, Lightspeed Venture Partners, Sequoia Capital India, and other companies have backed Oyo.

In the second quarter of FY23, the hotel technology start-up recorded a net loss of Rs. 333 crore. Agarwal released Oyo in 2012.

The company revived its stock market plans this year after enduring two trying years due to the Covid pandemic, and Sebi earlier this year requested that it resubmit its DRHP with new sections, such as updated risk factors, key performance indicators (KPIs), outstanding litigations, basis for valuation, etc.

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