OYO Acquires Innov8 For INR 220 Cr In All Cash Deal

OYO Acquires Innov8 For INR 220 Cr In All Cash Deal

  • founder Ritesh Malik will drive the company’s expansion under OYO.
  • Innov8 currently boasts of hosting 350 companies as members and claims to have a 95% occupancy across all its 15 coworking spaces with a combined seating of approximately 5,500.
  • The report further said that the potential number of seats in the coworking industry stands at 12-16 Mn, of which the biggest proportion — 10.3 Mn — is attributed to large companies, 1.5 Mn to SMEs, and another 1.5 Mn to freelancers.


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