OYO-owned co-working space company, Innov8, has sold 3% stake in the company to investors at a valuation of ₹1,000 crore, as per sources. This news comes as the company looks to expand its business further due to the growing demand for flexible workspaces across India.
The Raymond Family Office lead this round by acquiring almost 2% stake, making them the primary investor in this deal. However, OYO Group has not shared any official comments regarding this investment round.
Earlier this year, in January 2025, Innov8 had raised ₹110 crore by diluting 10% of its equity. That round saw participation from several investors including the family offices of Gauri Khan, Mankind Pharma, Rupa Group, and Jagruti Dalmia.
Innov8 was founded in 2015 by Ritesh Malik and has grown steadily over the years. Currently, the company operates 30+ co-working centres across 10 major cities, including Delhi, Mumbai, Bengaluru, Hyderabad, Pune, Chennai, and more.
With this latest funding, Innov8 plans to open more centres, improve infrastructure, and meet the increasing demand for shared and flexible workspaces across India.
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