Innov8 sells 3% stake at ₹1,000 crore valuation to expand co-working business
NEW DELHI: OYO-owned co-working firm Innov8 has sold 3 per cent stake in the company to investors at a valuation of Rs 1,000 crore to expand its business amid rising demand of flexible workspace, according to sources. Raymond Family Office has emerged as the lead investor, acquiring nearly 2 per cent share, they added. Global travel tech platform OYO Group declined to comment. In January this year, Innov8 had raised Rs 110 crore from investors, diluting 10 per cent of its equity to a clutch of high-profile investors including family offices of Gauri Khan, Mankind Pharma, Rupa Group, and Jagruti…