Without OYO-like backing, Innov8 couldn’t have taken on coworking giant WeWork, says expert
WeWork has scaled to 26 locations across Mumbai, Gurugram, and Bengaluru in just around 18 months since its launch in India vis-a-vis 12 locations in six cities where Innov8, now acquired by OYO, has expanded since its launch in 2015.
- Innov8 has so far raised only million across 3 rounds, as per deals tracker Crunchbase.
- WeWork has scaled to 26 locations across Mumbai, Gurugram, and Bengaluru in just around 18 months since its launch in India vis-a-vis 12 locations in six cities where Innov8 has expanded since its launch in 2015.
- Now with OYO entering into coworking space through Innov8, it is expected to get little easier for the latter to expand.
- OYO, which is backed by SoftBank, has big plans for coworking space in India as it would require lot of capital to expand in the market.