Innov8 Reports Net Profit of INR 62 Crore in FY 2024

Innov8, India’s leading flex space startup, reported a net profit of INR 62 crore for FY 2024, a sharp increase from INR 2.5 crore in FY 2023. The company is planning a major expansion, aiming to increase its seat capacity to over 50,000 by 2025, and is raising ₹100 crore to support its growth initiatives.

Innov8 Seeks INR 100 Cr to Fuel Expansion Plans

Innov8 is raising INR 100 crore to fuel its expansion plans, aiming to double its coworking centers across India to 100 by 2025. The funds will support acquisitions, tech upgrades, and expansion into key cities, further solidifying Innov8’s position as a leader in the flexible office space market.

Innov8 to Double Coworking Centers to 100 by 2025

Innov8, a leading coworking startup in India, has announced plans to double its number of centers to 100 by 2025, increasing capacity to over 50,000 seats. This expansion is driven by the growing demand for flexible workspaces from various sectors, including startups and large enterprises, amidst evolving market dynamics.