Oravel.com founder Ritesh Agarwal and BITS Pilani – Goa Dropout Diwank Singh Tomer have bagged the prestigious “Thiel 20 Under 20 Fellowship”. After facing 4 gruelling selection rounds, these two teenagers will now be mentored by Entrepreneur Stalwarts like Sean Parker, Founder of Napster and Elon Musk, Founder of Tesla Motors.
About The Thiel Fellowship
Thiel Fellowship is a two-year program wherein fellows receive $100,000 and mentorship from the foundation’s network of tech entrepreneurs, investors and scientists Started in 2011 by Paypal Founder Peter Thiel, The fellowship aims to give 20 bright young things $100,000 each to quit college and start a company. The fellowship has helped start 30 companies and have raised a reported $34 million thus far, from venture investment, sales and revenue, sponsorships, and awards.
Declaring the results earlier this month, Peter Thiel said that “The time is clearly ripe for innovators to develop new ways to help far more young people obtain the knowledge and skills they need to build productive, successful lives.”
Unlike past years, there were bit more international than they have been previously, with participants from Canada, Britain, India, China, and Singapore.
As for India, Ritesh and Diwank kept Indian Entrepreneurship Industry’s Flag held high.
Ritesh Agarwal is the founder of Oravel.com, a website which offers alternatives to hotel booking in India. He has a team of 15 teenagers who look after the site with him. Agarwal’s Oravel went through the startup accelerator program offered by Venture Nursery in July 2012 and had raised seed funding from angel investors.
Inc42 did a small Q&A with Ritesh. Here are some excerpts :