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.
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