Innov8, India’s leading coworking startup, is entering the managed office space sector with plans to expand by 4 million sq. ft. over three years. With a ₹50 crore investment, Innov8 will focus on premium, customizable workspaces in Grade A buildings, positioning itself as a leader in India’s growing flexible office market.
Innov8, one of India’s leading coworking startups, has announced its strategic entry into the managed office space sector, marking a significant milestone in its growth. With plans to expand its footprint by 4 million square feet across India over the next three years, Innov8 aims to meet the rising demand for flexible and premium office spaces. This move comes as part of a more significant effort to capture a growing market segment and establish itself as a leader in managed office solutions.
As part of this initiative, Innov8 will launch its largest managed office project in Mumbai, focusing on Grade A buildings that offer top-tier amenities. “This is an important milestone in Innov8’s growth and expansion. By entering the managed office space sector and undertaking this large-scale project in Mumbai, we’re positioning ourselves to meet the evolving needs of businesses in one of India’s most dynamic cities,” said Ritesh Malik, Founder of Innov8.
India’s managed office space sector is growing tremendously, with projections indicating a 15-20% year-on-year expansion. Pankhuri Sakhuja, Business Head at Innov8, says, “The rising demand for flexibility and cost-efficient solutions drives this surge. Over 30 million sq. ft. of office space is expected to be managed by leading operators, and Innov8 stands out with its premium, design-centric work environments tailored for productivity and collaboration.”
Innov8 has committed over ₹50 crore towards developing these managed office spaces, ensuring that clients have access to fully customizable, aesthetic workspaces that cater to the diverse needs of enterprises. The company’s focus on creating dynamic and collaborative environments helps businesses optimize productivity while maintaining a high standard of functionality.
Founded in 2015 by Dr. Ritesh Malik, Innov8 operates in nine cities, including Delhi, Gurgaon, Mumbai, Pune, Chennai, Bangalore, Ahmedabad, Hyderabad, and Indore. The company manages 35 centres, hosting over 10,000 employees from renowned brands such as Swiggy, IndusInd Bank, Jio Saavn, PhonePe, and Tata Digital.
Recently, Innov8 expanded its presence by adding three new centres in Delhi NCR, including DLF Cyber City, Aerocity, and Unitech Cyberpark. These 60,000 square feet additions enhance Innov8’s portfolio with modern facilities designed to foster a vibrant and productive workspace.
With this expansion into managed office spaces, Innov8 is well-positioned to continue its leadership in India’s coworking and flexible office space industry, providing cutting-edge solutions that meet the evolving needs of modern businesses.
