Amazon Expands in Bengaluru with 1.1 Million Sq Ft New Office Space
- Industry News
- June 20, 2024
Innov8, OYO’s flex space startup, raised ₹110 crore from investors like Mankind Pharma and Gauri Khan at a ₹1,000 crore valuation. The funds will fuel expansion, targeting 100 centres by 2025. With 90% occupancy and substantial profits, Innov8 is set to capitalise on India’s booming ₹9 billion flex workspace market.
READ MOREThe coworking sector anticipates Union Budget 2025 reforms to fuel expansion, including lower GST rates, input tax credit adjustments, and reduced stamp duties. Key demands include institutional finance access, infrastructure development, and startup tax incentives. These measures could accelerate growth, enhance affordability, and reshape India’s modern workspaces.
READ MOREAwfis, valued at ₹5,000 crores, has revolutionised the coworking space sector with fully managed office solutions. Despite challenges during COVID-19, it remains a key player in India’s flexible workspace market. As demand for coworking spaces grows, Awfis’s potential for expansion could see its valuation double to ₹10,000 crores.
READ MORETable Space appoints cofounders Karan Chopra and Kunal Mehra as co-CEOs, with Chopra as chairman and Mehra as president. The enterprise workspace leader serves 150+ clients, including Dell and EY. Amid surging demand for flexible office spaces post-pandemic, Table Space aims to strengthen its market position and drive innovation.
READ MOREMySoho redefines coworking with its asset-light model, focusing on Tier 2 and 3 cities like Jaipur and Lucknow. Partnering with property owners offers premium, flexible spaces without heavy real estate investments. This approach fosters rapid scaling, economic growth, and talent retention while reshaping India’s real estate landscape.
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