OYO Acquires Innov8 For INR 220 Cr In All Cash Deal
15 March 2019 3:32 AM GMT
Post acquisition Innov8 founder Ritesh Malik will drive the company?s expansion under OYO. The Innov8 team will continue to remain intact post-acquisition.
- 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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