Angel investor congratulates Innov8 on being acquired, OYO denies deal is done

Angel investor congratulates Innov8 on being acquired, OYO denies deal is done
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  • 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.


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