Innov8 Workspaces India, a leading provider of flexible workspace solutions, has secured a new round of funding from InCred Wealth and Investment Services. The transaction values the company at Rs 1,000 crore and includes secondary sales and primary investment. While the exact deal size remains undisclosed, it exceeds USD 10 million.

The investment marks a crucial milestone for Innov8 as it gears up for aggressive expansion in India’s rapidly growing coworking sector. The company aims to double its workspace centres to 100 by 2025, leveraging the fresh capital to enhance its footprint and meet the surging demand for flexible office solutions.

The move comes amid increasing demand for premium coworking spaces, fueled by the hybrid work culture and the rise of startups seeking cost-effective office solutions.

DMD Advocates advised Innov8 and its shareholder, Oyo Hotels and Homes, throughout the transaction. The legal team was led by Partner Pallavi Puri, along with Principal Associate Shubhangi Bhatnagar and Associate Arnav Mithal. Rashi Dhir, Senior Partner and Head of Corporate, also oversaw the deal, with corporate leadership from Rakesh Prusti, Group General Counsel, OYO Group, and Anshuman Singh, AVP Legal, OYO Group.

With this strategic investment, Innov8 is set to strengthen its presence in the Indian coworking landscape, catering to the evolving needs of businesses and professionals looking for dynamic, cost-efficient workspaces. As the demand for flexible offices rises, Innov8’s expansion aligns with the industry’s growth trajectory, positioning it as a key player.