The Billionaire investor and SoftBank Group Founder Masayoshi Son on Tuesday attended the wedding reception of Oyo Founder Ritesh Agarwal in New Delhi. Pictures from the wedding reception widely shared on social media in which Agarwal and his wife can be seen touching feet of the 65-year-old investor, a common gesture in India to seek blessings from elders.
Vijay Shekhar Sharma, founder and CEO of digital payments platform Paytm, also tweeted a photo of himself with Masayoshi Son. Another picture posted by him had various startup founders in it, including Lenskart CEO Peyush Bansal.
SoftBank founder and CEO Masayoshi Son on Tuesday attended the wedding reception of Ritesh Agarwal, where the young entrepreneur and his wife bent down to touch the Japanese billionaire’s feet and seek his blessings.
Ritesh Agarwal, 29, married Geetansha Sood earlier this month. The couple hosted a wedding reception at the five-star Taj Palace hotel in Delhi on March 7, which was attended by the who’s who of the startup ecosystem. But it was the presence of Japanese billionaire Masayoshi Son that grabbed maximum eyeballs.
SoftBank is the biggest investor in hospitality chain OYO, which Agarwal launched in 2013. Masayoshi Son himself has been something of a mentor to Agarwal for almost a decade, even providing a personal guarantee to his $2 billion loan which allowed the 29-year-old to increase his stake in OYO in 2019.
Born to a Marwari family in Odisha, Agarwal moved to Delhi in 2011 for college. He dropped out of college after two years and was accepted into the Thiel Fellowship program. As one of the winners of the Fellowship, he received a grant of $100,000 which was used to launch OYO in May 2013.
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