Oyo's Ritesh Agarwal on the 'most valuable trait' for a young entrepreneur. Watch

Ritesh Agarwal captioned the Twitter video by advicing young entrepreneurs to remain determined and perseverant.

Entrepreneurship in India can be a tricky business with numerous risks involved that could derail a rookie investor even before he began taking strides towards success.

One such entrepreneur who has risen up the ranks and built a brand to be proud of is OYO Rooms founder and CEO Ritesh Agarwal. In a Twitter video, Agarwal felt that several young entrepreneurs give up too early.

He captioned the video by advicing young entrepreneurs to not give up early in their journeys and remain determined and perseverant in their journeys.

"Most valuable traits for any young entrepreneur. I feel way too many young entrepreneurs give up too early saying that the big incumbent will hurt me. I feel that if you are at it, we overestimate the perseverance of incumbents. The ability for a new company to be able to make a dent is much higher if they are perseverant," Agarwal said in the video.

Most valuable trait for a young entrepreneur?

Do not give up too early in your journey
Determination and perseverance always pays off. pic.twitter.com/UTyQmJPRal

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— Ritesh Agarwal (@riteshagar) April 10, 2023

A few days after Agarwal got married, his father died after reportedly falling from the 20th floor of a building.

Also Read: OYO's Ritesh Agarwal touches the feet of Japanese billionaire Masayoshi Son