Founded in 2015, the company boasts over 90% occupancy in its centers, fueled by growing demand for flexible office spaces.
Innov8 aims to raise ₹100 crore and expand by adding 4 million sq. ft. of managed office space.
Coworking startup Innov8 revealed on November 23 its plan to raise ₹100 crore through a primary funding round. It also announced its goal to add 4 million sq. ft. of managed office space in India within the next three years.
Innov8 aims to secure funding at a ₹1,200 crore valuation to fuel its expansion plans. The company plans to double its coworking centers in India to 100 by 2025.
The funds will support acquisitions, technology upgrades, partnerships, and entry into niche segments. InCred is leading the fundraising efforts.
Innov8 is prioritizing growth in Tier 1 cities like Delhi, Gurgaon, Noida, Mumbai, Navi Mumbai, Pune, Chennai, Bangalore, Ahmedabad, and Hyderabad, focusing on optimizing operations instead of entering new markets.
Founded in 2015, the company has achieved over 90% occupancy in its centers, driven by growing demand for flexible office spaces.
