Oyo-owned Innov8 to raise Rs 100 crore funding at Rs 1,200 crore valuation

Oyo-owned coworking startup Innov8 said it is in talks with potential investors to raise Rs 100 crore in a primary funding round at a valuation of Rs 1,200 crore. The investment will be used to fund the company’s expansion plans to double its coworking centres in India to 100 in 2025.

Moreover, the capital would be deployed towards acquisitions for inorganic growth, technology upgrades, partnerships, and expansion into niche segments.