Without OYO-like backing, Innov8 couldn’t have taken on coworking giant WeWork, says expert

  • Innov8 has so far raised only million across 3 rounds, as per deals tracker Crunchbase.
  • WeWork has scaled to 26 locations across Mumbai, Gurugram, and Bengaluru in just around 18 months since its launch in India vis-a-vis 12 locations in six cities where Innov8 has expanded since its launch in 2015.
  • Now with OYO entering into coworking space through Innov8, it is expected to get little easier for the latter to expand.
  • OYO, which is backed by SoftBank, has big plans for coworking space in India as it would require lot of capital to expand in the market.

Read full article: financialexpress.com