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Innov8 Sells 3% Stake for ₹1,000 Crore to Boost Co-Working Expansion

NEW DELHI: Innov8, a co-working firm owned by OYO, has sold a 3% stake to investors at a valuation of ₹1,000 crore to fuel its expansion in response to the growing demand for flexible workspaces, according to sources. Raymond Family Office has emerged as the primary investor, acquiring nearly 2% of the shares. OYO Group, the parent company, has chosen not to comment on the matter. Earlier this year, Innov8 raised ₹110 crore from various investors, diluting 10% of its equity to esteemed investors, including the family offices of Gauri Khan, Mankind Pharma, Rupa Group, and Jagruti Dalmia. Founded in…