OYO-owned Innov8 raises Rs 110 cr from investors to expand coworking biz

OYO-owned Innov8, which provides flexible office spaces, has raised Rs 110 crore from investors including family office of Gauri Khan, to expand business and future growth.

Innov8 has successfully concluded Rs 110 crore primary funding round. It diluted 10 per cent to raise this fund, the company said.

The issue was oversubscribed by 2.7 times.

The fund was raised at a valuation of Rs 1,000 crore.