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Ritesh Malik

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Ritesh Malik
File:Ritesh-Malik.jpgRitesh-Malik.jpg Ritesh-Malik.jpg
Born (1989-06-14) 14 June 1989 (age 35)
New Delhi, India
🏳️ NationalityIndian
🎓 Alma materTheni Government Medical College
💼 Occupation
Founder & CEO of Innov8 Coworking, Investor
👩 Spouse(s)Shruti Malik
🌐 Websitedrriteshmalik.com

Ritesh Malik (born June 14, 1989) is a medical graduate who turned into an investor and an entrepreneur. He is best known as the founder of Innov8 Coworking[1][2][3][4], a firm that was acquired by the Softbank-backed OYO (100 per cent stakes) at $ 31.84 million in 2019.[4][5][6] Ever since he founded Innov8 in 2015, Malik has been its Chief Executive Officer, a role that he continues to play till date.[7][8]

In 2013, he had founded Project Guerrilla, an angel investment venture that he continues to run till date.[4] Through this venture, Malik has invested in more than 50 start-ups, including Josh Talks[9], Akancha Against Harassment[10], Leverage Edu[11], Dockabl[12], Pepper,[13][14] Addodoc.[15] [16]

Early life and business career[edit]

Malik was born in New Delhi, India, on June 14, 1989. He attended Theni Government Medical College at Theni, Tamil Nadu and graduated as a medical doctor in 2012. He did a short-term marketing course from the London School of Economics in 2010.[5][17] He worked as a medical House Surgeon at Sir Ganga Ram Hospital, New Delhi from 2012 to 2013. He had also co-founded Adstuck Consulting in 2012, where he continued to work before he founded Innov8.[5][15]

Project Guerrilla[edit]

In 2013, Ritesh started an angel investment and funding venture by the name of Project Guerrilla, that went on to fund 41 start ups in a span of around six years.[4][15][16]

Innov8[edit]

In October 2015, Ritesh started a co-working platform and space provider by the name of Innov8 Coworking, a Y-Combinator company headquartered in Gurugram, India.[1][2][3][15] Additionally, the firm got backed by Google India’s Rajan Anandan, and Paytm’s Vijay Shekhar Sharma.[17]

Innov8 under OYO[edit]

In March 2019, Innov8 was acquired by OYO in an all-cash deal, with founder Ritesh Malik and other investors of Innov8 exiting as a part of the buyout.[4][6][8][18] Ritesh, however, continues to work as the Chief Executive Officer of Innov8 under OYO.[7][19]

Recognition[edit]

Personal life[edit]

Ritesh Malik is married to Shruti Malik since February 18, 2017.

References[edit]

  1. 1.0 1.1 "Startup Events This Week: Founders Meetup By Inc42, MSME Startups Summit And More". inc42.com. 2 March 2020. Retrieved 29 March 2020.
  2. 2.0 2.1 "From startups to large enterprise, coworking spaces are thriving: Innov8's Ritesh Malik". The Economic Times. Retrieved 30 March 2020.
  3. 3.0 3.1 Ganguly, Shreya (20 February 2020). "Co-living, Co-working Provides Higher Rental Yields Than Traditional Leasing Models: Report". Entrepreneur (magazine). Retrieved 31 March 2020.
  4. 4.0 4.1 4.2 4.3 4.4 "Meet India's young & popular entrepreneurs". The Economic Times. Retrieved 30 March 2020.
  5. 5.0 5.1 5.2 Bhatt, Prashasti (24 February 2020). "Ending FY20 On The Right Note: Founders Meetup On March 12 With Innov8's Ritesh Malik". inc42.com. Retrieved 29 March 2020.
  6. 6.0 6.1 Choudhury, Karan. "OYO acquires co-working space firm Innov8, to open 35 new offices". Business Standard. Retrieved 2020-03-31.
  7. 7.0 7.1 "OYO Acquires Innov8 For INR 220 Cr In An All Cash Deal". inc42.com. 15 March 2019. Retrieved 29 March 2020.
  8. 8.0 8.1 Khan, Sobia; Gooptu, Biswarup (17 July 2019). "Oyo buys co-working firm Innov8, eyes 50 centres by year-end". The Economic Times. Retrieved 30 March 2020.
  9. "Social tech startup Josh Talks mops up pre-Series A funding". www.vccircle.com. 28 February 2020. Retrieved 2020-04-01.
  10. "Vijay Shekhar Sharma, Ritesh Malik, Indian Police Other Authorities Come Together To Back A Unique Cyber Safety Initiative". Retrieved 29 March 2020.
  11. "Leverage Edu raises seed money from Alok Mittal, Ritesh Malik, others". www.vccircle.com. 6 November 2017. Retrieved 2020-04-01.
  12. Venugopalan, Anjali (7 June 2019). "Dockabl raises $1.26 million in Pre-Series A funding round". The Economic Times. Retrieved 31 March 2020.
  13. "Funding in Indian startups this week (24 Feb-29 Feb)". entrackr.com. 2020-04-01.
  14. "Pepper raises Rs 2.2 crore from Snapdeal founders' Titan Capital, other investors". The Economic Times. 25 February 2020. Retrieved 30 March 2020.
  15. 15.0 15.1 15.2 15.3 15.4 15.5 15.6 15.7 15.8 "Ritesh Malik - Entrepreneur 2020". www.entrepreneurindia.com.
  16. 16.0 16.1 Sabharwal, Punita (22 November 2019). "Dr Ritesh Malik wants to create founder-driven seed initiatives". Entrepreneur (magazine). Retrieved 31 March 2020.
  17. 17.0 17.1 17.2 "RITESH MALIK - India's Young & Brightest Entrepreneurs in 40 Under 40 2018 - Fortune India". Fortune India.
  18. Sikdar, Shubhomoy. "Workspaces have transformed in three years: Innov8 founder Ritesh Malik". Business Standard. Retrieved 2020-03-31.
  19. "OYO Workspace's Rohit Kapoor And Innov8's Ritesh Malik On Plug-&-Play Offices". inc42.com. 20 July 2019. Retrieved 29 March 2020.
  20. Barton, Merrilee. "2016 30 Under 30 Asia: Finance & Venture Capital - Ritesh Malik". Forbes.
  21. 21.0 21.1 "Startup Summit 2019 - Ritesh Malik". www.entrepreneurindia.com. Retrieved 31 March 2020.
  22. "'Be The Best, Be Different' - Says Ritesh Malik, Innov8". Retrieved 29 March 2020.


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