Innov8's acquisition by OYO

Gurugram-based coworking startup Innov8 has been acquired by hospitality chain OYO in an all-cash deal.

Innov8, which graduated from Y Combinator in 2016, has raised over $4 Mn in funding from investors such as LetsVenture, Venture Catalysts, Credence Family Office, Rajan Anandan (VP India and Southeast Asia, Google), Vijay Shekhar Sharma (founder and CEO, Paytm), Girish Mathrubootham (founder and CEO, Freshdesk) among others. Under OYO, the coworking space provider will be working towards creating a capacity of 10,000 seats across India.

Our Investment : we invested in Innov8's seed round in late 2016.