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OYO-owned flex space firm Innov8 raises Rs 110 cr at Rs 1,000 cr valuation

Funding will be used for acquisitions, technology and partnerships, says startup

OYO-owned flex space firm Innov8 raises Rs 110 cr at Rs 1,000 cr valuation
Updated On : 28 Jan 2025 | 1:01 PM IST

OYO-owned Innov8 raises Rs 110 cr from investors to expand coworking biz

OYO-owned Innov8, which provides flexible office spaces, has raised Rs 110 crore from investors including family office of Gauri Khan, to expand business and future growth. Innov8 has successfully concluded Rs 110 crore primary funding round. It diluted 10 per cent to raise this fund, the company said. The issue was oversubscribed by 2.7 times. The fund was raised at a valuation of Rs 1,000 crore. The round was led by prominent family offices, including those of Mankind Pharma, Gauri Khan, Rupa Group and Jagruti Dalmia. Together, these investors accounted for 55 per cent of the total funds raised. Innov8 has recently announced plans to double its coworking centers in India to 100 in 2025. The capital raised will support strategic inorganic growth opportunities such as acquisitions, technology upgrades, partnerships, and expansion into niche segments. "The funds raised will empower Innov8 to accelerate our expansion plans, building on the strong growth and operating leverage we a

OYO-owned Innov8 raises Rs 110 cr from investors to expand coworking biz
Updated On : 28 Jan 2025 | 12:14 PM IST

Paytm's Vijay Shekhar, Innov8 CEO invest in startup Supersourcing

Paytm founder Vijay Shekhar Sharma and co-working space provider Innov8 CEO Ritesh Malik have invested in eight-month-old company Supersourcing

Paytm's Vijay Shekhar, Innov8 CEO invest in startup Supersourcing
Updated On : 08 Feb 2021 | 3:55 PM IST

As work from home takes precedence, shared workspaces get in battle mode

What do you do when your business model is based on professionals sharing workspaces at a time when coronavirus crisis is snowballing?

As work from home takes precedence, shared workspaces get in battle mode
Updated On : 16 Mar 2020 | 6:53 PM IST

Workspaces have transformed in three years: Innov8 founder Ritesh Malik

'We will differentiate on location, design and community', says Malik

Workspaces have transformed in three years: Innov8 founder Ritesh Malik
Updated On : 05 Jun 2019 | 11:31 PM IST