Hotline: 1800 102 2007
Hotline: 1800 102 2007
Mar, 15 2019

OYO buys co-working space firm Innov8

With this acquisition, OYO has diversified from the hotel and long-term lodging business to co-working spaces.

OYO buys co-working space firm Innov8

OYO Hotels and Homes has acquired co-working space firm Innov8. Ritesh Agarwal-led company has spent between Rs 150 crore and Rs 200 crore for the acquisition. With this acquisition, OYO has diversified from the hotel and long-term lodging business to co-working spaces.

The company is planning to launch 35 new co-working spaces in major metropolitans over the next one year. It has also started two new co-working brands, PowerStation and WorkFlo, catering to a variety of start-ups and companies.

The SoftBank-backed firm eyes to provide affordable office and workstation spaces. It has further appointed all Innov8 employees and will continue as a separate brand.

OYO's new brand PowerStation is targeted at clients whose team sizes are growing and want managed workspaces in emerging business districts.

WorkFlo is aiming at transforming regional offices, sales offices, customer support centres, and growing start-ups that want affordable options. It is also for enterprises that are seeking multi-city solutions, budget-friendly, and functional.

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  • Pet Stores
    About Us: Pets Empire manufactures, import and export pet products and..
    Locations looking for expansion Delhi
    Establishment year 1997
    Franchising Launch Date 2019
    Investment size Rs. 10lac - 20lac
    Space required 400
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • About Us: Hollywood’s Pizza & Grill is an upmarket casual dining..
    Locations looking for expansion Haryana
    Establishment year 2018
    Franchising Launch Date 2019
    Investment size Rs. 10lac - 20lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Faridabad Haryana
  • Healthcare & Medical Products
    We deal with food safe antimicrobial product which is very..
    Locations looking for expansion Karnataka
    Establishment year 2015
    Franchising Launch Date 2019
    Investment size Rs. 10000 - 50000
    Space required 1000
    Franchise Outlets -NA-
    Franchise Type -NA-
    Headquater Bengaluru Karnataka
  • Fine Dine Restaurants
    About Us: Mirchi & Mime is a trendy dining restaurant serving..
    Locations looking for expansion Haryana
    Establishment year 2015
    Franchising Launch Date 2020
    Investment size Rs. 1 Cr. - 2 Cr
    Space required 2500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Faridabad Haryana
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities