Innov8

“Space as a service” will become a norm for companies in 5 years, Kapoor said

OYO is working on three coworking brands set to be priced differently

OYO Workspaces will come up against the likes of WeWork, Awfis Space Solutions and 91Springboard

In March, OYO acquired Innov8 in an all-cash deal worth INR 220 Cr

OYO Workspaces is opening up with over 21 workspaces

OYO Workspaces aims to expand to over 50 centres across India by the end of 2019

Anand Chandrasekaran said he invested in Yulu’s seed round

The angel investor undisclosed AI investments include Stylehacks and Avoma

The former Facebook exec also revealed that he has backed US-based Nexkey

The first centre has been opened in Pioneer Square, Gurugram

It will expand Powerstation to Bengaluru, Mumbai and Hyderabad in 2019

OYO had recently acquired coworking space Innov8 in an INR 200 Cr all cash deal

Hotstar raised $153 Mn from Star India and Star US Holdings

In all, 20 startups raised $354.4 Mn

OYO acquired Innov8 this week

Innov8 founder Ritesh Malik will drive the company’s expansion under OYO post-acquisition

The company is looking to expand capacity to 10,000 coworking seats

OYO is developing three coworking brands

BlackBuck raised $27.3 Mn (INR 202 Cr) and marked entry of Sequoia Capital in its investor camp

Mettl announced its acquisition by Mercer, marking Mercer’s entry into the rapidly-growing global talent assessment market

In total, this week seven startups raised around $46.8 Mn in funding and two startup acquisitions took place in the Indian startup ecosystem altogether.

The pre-Series A round of funding in Innov8 was led by Credence Family Office

Innov8 currently has 13 coworking spaces in the NCR, Mumbai, Bengaluru, and Chandigarh

It also make additional investments in building technology platforms for business, consumer-facing apps, and more

In FY17, Awfis reported a massive revenue growth of 1583%, 91springboard 1387% and Innov8 just 438%

The key driver of Awfis and 91springboard’s growth is their techn-led model and their focus on enterprise clients

Our analysis of the P&L statements of Awfis, Innov8, and 91springboard revealed that all three are operating under losses

• Innov8 has gone from a single centre in 2015 in New Delhi to nine live centres today
• The coworking startup has 190 companies on board and claims to have a 95% occupancy across centres
• Its USP is creating personal connections with its members and taking a traditional-yet-modern approach

A Curated Lowdown Of Startup Events  [March 26 – March 31, 2018]

The Innov8 Space In DLF Cyber Hub Is Fully Managed Office Space And Has 500 Seats