Innov8, a leading coworking startup in India, is in discussions with potential investors to raise INR 100 crore in a primary funding round. The company aims to close the funding at a valuation of INR 1,200 crore to accelerate its expansion. Innov8 plans to double its coworking centers across India to 100 by 2025, and the capital raised will be used for strategic growth opportunities such as acquisitions, technology upgrades, partnerships, and expanding into niche segments.

The funding round is being led by InCred, with Innov8 focusing on deepening its presence in key Tier 1 cities, including Delhi, Mumbai, Pune, Bangalore, and Hyderabad. The company intends to optimize operations in these regions rather than expand into new locations. Over the next three years, Innov8 plans to add 4 million square feet of managed office space across India.

Founded in 2015 by Dr. Ritesh Malik, Innov8 has seen strong demand for flexible office spaces, with its centers maintaining an occupancy rate of over 90%. The company serves leading brands like Swiggy, JioSaavn, Paytm, Tata Digital, Razorpay, and many more.

With over 30 centers across nine cities, Innov8 is positioning itself as a key player in India’s growing coworking market, meeting the needs of businesses seeking flexible, scalable workspaces.

Also Read: NAREDCO Maharashtra NextGen Unveils Excelerate 3.0: A Vision for Innovation in Construction

You May Also Like

Labour Ministry and Directorate of Steam Boilers Launch New Initiative for Worker Safety at Boiler India 2024

The Directorate of Steam Boilers in Maharashtra, under the Labour Ministry, will unveil the Boiler Manufacturing Management System Software (BMMS) at Boiler India 2024, aimed at improving worker safety and steam boiler efficiency. The event, taking place from September 25 to 27, will focus on new technologies and safety protocols in industrial operations.

Gurugram Metro Extension Set to Boost Real Estate Growth

Haryana Chief Minister Nayab Singh Saini has announced that work on the Gurugram Metro extension will begin by May 1, 2025. The 29-kilometre line will connect key areas like Millennium City Centre, Cyber City, and the Railway Station, enhancing city-wide connectivity. Experts predict a surge in real estate demand in surrounding areas, as the metro extension is expected to significantly reduce travel times and improve access to business hubs, making Gurugram an even more attractive destination for investors and homebuyers.

MHADA plot in Oshiwara Auctioned for Rs 125 Crore

MHADA’s Oshiwara Plot Goes to Medanta Hospital of Global Health for Rs…

Force Majeure for realty projects till 14th September

Force majeure period of six months, from 15th March to 14th September, 2020…