Oyo founder's wedding: Ritesh Agarwal seeks blessings of SoftBank's Son

SoftBank has been a prominent and prolific investor in the Indian startup ecosystem, pumping in an estimated USD 15 billion over the years.

Published on: Mar 8, 2023, 09:24:10 IST

By HT News Desk

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Billionaire investor and SoftBank Group Founder Masayoshi Son on Tuesday attended the wedding reception of Oyo Founder Ritesh Agarwal in New Delhi. In the pictures from the wedding reception widely shared on social media, 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.

SoftBank founder and CEO Masayoshi Son attended the wedding reception of Ritesh Agarwal and Geetansha Sood. (@weddingz.in/Instagram)

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.

"Ultimate joy today, seeing Masa smiling, happy and enjoying his India trip. Everyone of us had tons of gratitude for his belief and support given to our startups," Sharma tweeted.

Son is said to have met founders and CEOs of some prominent startups during his day-long visit to the national capital, reported PTI citing sources.

SoftBank has been a prominent and prolific investor in the Indian startup ecosystem, pumping in an estimated USD 15 billion over the years. Some of the notable, early bets it had made included Ola, Oyo, Lenskart and Meesho.

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A post shared by Weddingz.in (@weddingz.in)

According to a Bloomberg report, Son's plan to attend the wedding reception had created complexities for the organizers since the Tokyo-based investor, who increasingly prefers Zoom calls to in-person meetings, had asked for Covid-negative tests from those he was meeting.

Union minister Prahlad Patel also shared photographs of him with Ritesh Agarwal and Geetansha Sood, extending heartiest congratulations to the couple.

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HT News Desk
Follow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times. Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs. The HT News Desk covers politics, elections, government policies, the economy, business and markets, science and technology, the environment, law and order, infrastructure, education, climate issues and geopolitics, while closely tracking developments across states, institutions and global capitals. The team also leads coverage of major breaking news events, policy announcements, court proceedings, natural disasters, public emergencies and significant international developments. Reports published by the newsdesk are based on information gathered from reporters on the ground, official statements, government agencies, court records, regulatory filings, recognised institutions and other authoritative sources. Stories undergo editorial scrutiny and verification processes to ensure accuracy, fairness and relevance, and are updated as events evolve and additional information becomes available. Whether covering a key political decision in New Delhi, an economic policy shift affecting millions, a landmark court ruling or a major global event, the HT News Desk aims to provide readers with reliable, fact-based journalism that delivers not only the latest developments but also the context and analysis needed to understand their wider implications.Read More

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