Oyo’s Ritesh Agarwal floats Aroa Ventures to back growth-stage startups
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Founder of SoftBank-backed global hotel brand Oyo, Ritesh Agarwal has floated a new entity – Aroa Ventures – in Singapore to make his investment in early-stage startups. Aroa Ventures is sponsored by RACo Holding Company and Agarwal controls 100% stake in the investment firm. Aroa Ventures has been looking to place bets across growth-stage businesses in the consumer, technology, and leisure infrastructure sectors.