Oyo’s Innov8 sells 3% stake at Rs 1K cr valuation

Innov8, a co-working firm owned by Oyo, has sold a 3% stake in the company to investors at a valuation of Rs 1,000 crore as it looks to expand the business amid rising demand for flexible offices, sources told FE. They added that the round was led by the Raymond Family Office, which acquired around 2% stake in the company.

Oyo did not reply to FE’s queries till the time this report went to the press.