In my opinion, all has been said about the oscillation start-up, initial inbalance and noise topic. I don't feel a need to contribute to it further.
If you mean that barkhauson criteria is true for ring oscillators too then there is only 180 degree phase shift given by odd number of inverters. Do you mean that the delay gives you the additional phase shift? If so, what will happen if we have many inverters and more delay is added due to propagating (say a phase shift of 400 degrees) to 180 degree phase shift which again result in phase shift ( 180 + 400 = 580 = 220 degree) which doesn't satisfy Barkhauson criteria. So once again odd number of inverters will not oscillate.
Also Clear me this doubt- Is it possible to have oscillations with even number of inverters in ring oscillator?
A key point has been already mentioned by LvW, the Barkhausen criterion is only valid for linear oscillators. Strictly spoken, the operation of most oscillators is involving a certain degree of non-linearity required for amplitude stabilization. But ring oscillators are highly non-linear and the Barkhausen criterion can be at best applied as a rough estimation.
The total loop phase is comprised of the basic feedback polarity (usually 180°) and the phase of the circuit poles and zeros. Propagation delay is a term in non-linear circuit description, but you can roughly relate it to the group delay of a linear circuit.
Because the loop phase of a circuit with delay is frequency dependent, it's rather unlikely, that a ring oscillator with some gain does not fulfill the n*360 degree phase criterion for a certain frequency. The question is, if stable oscillations are possible.
As already mentioned, an exact description of non-linear oscillations is theoretically difficult. I think, it's a better idea to get a clear understanding of linear oscillators before proceeding to nonlinear ones.
I'm under the impression, that I gave a plausible explanation why a ring oscillator with even inverter count doesn't oscillate. I also guessed about the possibilty, that it can oscillate for a certain time. I fear, you'll have difficulties to prove that it doesn't oscillate at all. But because stationary states without oscillations exist as well, the oscillations are surely not stable.