Angel investor congratulates Innov8 on being acquired, OYO denies deal is done
Talks between OYO and Innov8 have been on since October last year, and while the former denied the deal, speculation is rife that it has been completed.
- to acquire co-working startup Innov8 in a deal roumoured to be valued at Rs 200 crore.
- While the former has neither officially confirmed or denied the much-talked about acquisition, two highly-placed sources said talks were currently still on, and yet to be closed.
- Interestingly, when contacted, sources at OYO declined the acquisition and said that talks were still on.
- If this acquisition goes as planned, OYO may be set to open close to 35 co-working spaces over the next year.