Innov8_Startup_Funding_News
Innov8 Funding News, one of India’s premier coworking startups, is in discussions with potential investors to raise INR 100 crore in a primary funding round. The company aims to secure this funding at a valuation of INR 1,200 crore to fuel its ambitious expansion plans.
Recently, Innov8 announced its goal to double its coworking centers across India, targeting a total of 100 locations by 2025. The raised capital will be directed toward strategic inorganic growth initiatives, including acquisitions, technology enhancements, new partnerships, and expansion into niche segments.
Rather than venturing into new regions, Innov8 plans to strengthen its presence in existing Tier-1 cities such as Delhi, Gurgaon, Noida, Mumbai, Navi Mumbai, Pune, Chennai, Bangalore, Ahmedabad, and Hyderabad. The company is focused on optimizing its operations within these hubs to better serve its growing clientele.
Additionally, Innov8 has outlined plans to add 4 million square feet of managed office space across India over the next three years.
Founded in 2015, Innov8 has emerged as a key player in the coworking sector, achieving an impressive 90% occupancy rate at its centers due to the surging demand for flexible office solutions.
Its robust client base includes leading companies such as Swiggy, JioSaavn, Tata Digital, Apollo24/7, Paytm, Manipal Global, Razorpay, IndusInd Bank, Whirlpool, BBC News, PepsiCo, Blenheim Chalcot, Oppo, Snapdeal, Lenskart.com, Nykaa, BigBasket, Ola, PhonePe, and many more.
Innov8’s funding round underscores its commitment to revolutionizing the coworking space landscape in India, further cementing its leadership in this rapidly growing industry.
