Angel investor congratulates Innov8 on being acquired, OYO denies deal is done
16 March 2019 2:13 AM GMT
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.
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