Innov8, a coworking space provider backed by Oyo, has raised ₹110 crore (approximately $12.7 million) in its latest funding round. The financing, facilitated by InCred, attracted contributions from prominent family offices, including Mankind Pharma, Gauri Khan, Rupa Group, and Jagruti Dalmia.
The funding round valued Innov8 at ₹1,000 crore (around $115 million) and involved the company diluting 10% of its stake. The round was oversubscribed by 2.7 times, reflecting strong investor interest.
The newly secured funds will support Innov8’s plans to drive acquisitions, enhance its technology infrastructure, forge strategic partnerships, and expand into niche market segments.
Founded in 2015, Innov8 operates premium coworking spaces in major Indian cities, including Delhi NCR, Gurgaon, Mumbai, Bangalore, and Hyderabad. The company caters to professionals and businesses seeking high-quality, collaborative work environments.
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By Proptechbuzz
By Ravi Kumar
