Archive · 20 Jun 2025
Oyo's Innov8 Sells Stake for Rs 1,000 Crore Valuation
Innov8, a company that provides shared office spaces, sold a small part of its company to investors.
This sale valued the whole company at a large amount of money.
The company has many offices in big cities across India, and they are almost always full because people need flexible office spaces.
Innov8 previously raised money from other investors.
They plan to open many more shared office spaces because the business is doing well.
The company made a profit last year and has clients like Swiggy and PepsiCo.
Oyo's Innov8, a co-working firm, sold a 3% stake at a valuation of Rs 1,000 crore.
The Raymond Family Office led the investment round, acquiring approximately 2% stake.
Innov8 previously raised Rs 110 crore in January by selling around 10% of its stake.
Innov8, founded in 2015, operates over 30 centers across 10 major Indian cities.
The company plans to more than double its co-working centers to 100 by the end of December.
- Who
- Innov8, owned by Oyo, and investors including the Raymond Family Office.
- What
- Innov8 sold a 3% stake in the company.
- When
- Recent, with plans for expansion by December.
- Where
- Across 10 major Indian cities.
- Why
- To expand the business amid rising demand for flexible offices.
- Valuation
- Rs 1,000 crore
- Stake Sold
- 3%
- Lead Investor
- Raymond Family Office
- Founded
- 2015
- Current Centers
- 30+
- Planned Centers by Dec
- 100
- FY24 Profit after tax
- Rs 62 crore