Innov8 Coworking
| Private | |
| ISIN | 🆔 |
| Founded 📆 | 2015 |
| Founder 👔 | Ritesh Malik |
| Headquarters 🏙️ | , , India |
Area served 🗺️ | Delhi-NCR, Mumbai, Bengaluru and Chandigarh |
| Services | Co-Working Spaces |
| Members | |
Number of employees | |
| 🌐 Website | innov8 |
| 📇 Address | |
| 📞 telephone | |
Innov8 Coworking is an Indian company headquartered in New Delhi and offers managed office spaces and coworking spaces to corporates, SMEs, start-ups, and freelancers. It was founded in October 2015[1] by Ritesh Malik, and has 15 centres[2] located in Mumbai, Bengaluru, Delhi-NCR and Chandigarh.[3]
History[edit]
In 2016, Innov8 was chosen by the Silicon Valley incubator, Y Combinator for its summer batch of start-ups.[4][5] Through its founder Ritesh Malik, Innov8 seed-funded Josh Talks in the latter half of 2016[6] and invested Rs 1.5 crore in online retailer PumpKart in 2018.[7]
Since inception, Innov8 has secured funding from investors including LetsVenture, Venture Catalysts, Credence Family Office[8], Rajan Anandan of Google India, Vijay Shekhar Sharma of Paytm, and Girish Mathruboohtam of Freshdesk.[2] In October 2018, it had a Pre-Series A financial round of US$4 million.[1][9][10] In March 2019, Innov8 got acquired by the hospitality chain OYO in an all-cash deal worth US$31.84 million.[2][10][11][12][13][14][15][16]
Operations[edit]
In June 2017, Ritesh Malik was appointed as the managing director of Innov8.[17] In November 2018, Innov8 added 4 new centres in Delhi-NCR and Mumbai.[1] Under OYO, it has plans to open 35 new offices[11] and create a seating capacity of 10,000 seats across India.[2]
References[edit]
- ↑ 1.0 1.1 1.2 Bureau, BW Online. "Innov8 Coworking s Four New Centers to Go Live by the End of Nov 18". BW Disrupt. Retrieved 2019-04-12.
- ↑ 2.0 2.1 2.2 2.3 "OYO Acquires Innov8 For INR 220 Cr In An All Cash Deal". Inc42 Media. 2019-03-15. Retrieved 2019-04-12.
- ↑ "OYO in talks to acquire Delhi-based co-working space provider Innov8". Techcircle. 2019-01-30. Retrieved 2019-04-12.
- ↑ "Staying Bullish On India: Y Combinator Chooses 3 Indian Startups For Its Summer 2016 Batch". Inc42 Media. 2016-07-09. Retrieved 2019-04-12.
- ↑ India, Press Trust of (2018-10-11). "Innov8 Co-working raises USD 4 mn to double its seats to 8,000". Business Standard India. Retrieved 2019-04-12.
- ↑ Borpuzari, Pranbihanga (2016-12-13). "Why Josh Talks has the energy to be bigger & better than TED Talks". The Economic Times. Retrieved 2019-04-12.
- ↑ "Big boost to small town dreams". The Tribune. 2018-10-26. Retrieved 2019-04-12.
- ↑ India, Press Trust of (2018-10-11). "Innov8 Co-working raises USD 4 mn to double its seats to 8,000". Business Standard India. Retrieved 2019-04-12.
- ↑ Ahuja, Aakanksha (2018-10-11). "Co-working start-up Innov8 raises $4 million". Livemint. Retrieved 2019-04-12.
- ↑ 10.0 10.1 "Without OYO-like backing, Innov8 couldn't have taken on coworking giant WeWork, says expert". The Financial Express. 2019-03-16. Retrieved 2019-04-12.
- ↑ 11.0 11.1 Choudhury, Karan (2019-03-14). "OYO acquires co-working space firm Innov8, to open 35 new offices". Business Standard India. Retrieved 2019-04-12.
- ↑ Khan, Sobia; Gooptu, Biswarup (2019-07-17). "Oyo buys co-working firm Innov8, eyes 50 centres by year-end". The Economic Times. Retrieved 2019-07-23.
- ↑ "India's budget hotel startup Oyo enters co-working business with $30 million Innov8 acquisition". TechCrunch. Retrieved 2019-07-23.
- ↑ Chaudhary, Deepti (2019-07-16). "Oyo Hotels acquires Innov8, expands co-working space business". https://www.livemint.com. Retrieved 2019-07-23. External link in
|website=(help) - ↑ Bureau, BW Online. "SoftBank-Backed Oyo Buys Shared Office Startup Innov8 For $30 Million". BW Businessworld. Retrieved 2019-07-23.
- ↑ "OYO Workspace's Rohit Kapoor And Innov8's Ritesh Malik On Plug-&-Play Offices". Inc42 Media. 2019-07-20. Retrieved 2019-07-23.
- ↑ "Innov8 names co-founder Shailesh Gupta CEO in top-level rejig". VCCircle. 2017-06-16. Retrieved 2019-04-12.
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