OYO-owned flex space firm Innov8 raises Rs 110 cr at Rs 1,000 cr valuation

Innov8, a flexible office space startup owned by hospitality major OYO, has raised Rs 110 crore at a valuation of Rs 1,000 crore.

The company diluted 10 per cent of its stake for this capital infusion. The funding round was led by the family offices of Gauri Shahrukh Khan, Mankind Pharma, Rupa Group, and Jagruti Dalmia. These investors accounted for 55 per cent of the total funds raised. InCred, a financial services company, facilitated the fund raising