Innov8, a leading coworking start-up in India, plans to double its workspace centres in 2025, aiming to meet India's growing demand for flexible and collaborative workspaces. Currently, Innov8 operates over 45 centres with a seating capacity of 17,000. By expanding over 50,000 seats, Innov8 will support a range of businesses, from start-ups to large enterprises, with high-quality, affordable, and sustainable office spaces. This ambitious plan aligns with India's booming coworking market, which continues to attract businesses seeking productivity, agility, and cost-effectiveness.
India's demand for flexible workspaces is surging, and Innov8, a leading coworking start-up, is stepping up to meet it. Innov8 announced plans to double its coworking centres by 2025 across ten major cities, including Delhi, Mumbai, Bangalore, and Hyderabad. The expansion will boost Innov8's capacity from 17,000 to over 50,000 seats, allowing the company to serve a wider range of businesses-from start-ups and solopreneurs to global corporations.
Each Innov8 space is designed with modern professionals in mind, offering premium, tech-enabled facilities. Equipped with advanced audiovisual technology and secure access systems, Innov8 centres prioritise seamless operations for businesses. Additionally, Innov8's locations are strategically placed near key transit hubs, including metro stations and airports, providing convenience and connectivity for busy professionals. Despite the premium setup, Innov8 keeps its pricing competitive, making it an attractive option for companies looking for quality workspaces without the hefty costs.
Health and sustainability are integral to Innov8's workspace philosophy. Hygiene protocols and regular sanitisation keep the spaces safe, while eco-friendly practices such as energy-efficient lighting and sustainable waste management contribute to a smaller environmental footprint. This focus on safety and environmental responsibility resonates with today's professionals, who value wellness and sustainability in their work environments. Innov8's expansion aligns with the rapid growth of India's coworking market. According to a report by private equity firm Avendus, the workspace market is set to grow from 61 million square feet (msf) in 2023 to 126 msf by 2028. This growth is driven by a variety of users, including start-ups, large enterprises, and even government clients, who appreciate coworking spaces for their flexibility, affordability, and ability to foster collaboration. Innov8's plan to double its centres will allow it to meet this demand while enabling businesses to adapt quickly to changing needs.
Founder Ritesh Malik indicated that Innov8's decision to expand was driven by a steady rise in inquiries, increased occupancy rates, and the changing needs of contemporary professionals. He pointed out that Innov8's design efficiency and operational excellence enable the company to offer competitive pricing while maintaining high quality, which results in significant returns per square foot. Malik's remarks underscore Innov8's dedication to providing value and quality on a large scale. Business Head Pankhuri Sakhuja noted that Innov8's expansion is targeted at regions where the demand for flexible, collaborative workspaces is rapidly increasing. She elaborated that Innov8's dedicated teams, tailored offerings, and strong technology integration provide clients with a seamless experience, facilitating smooth transitions for businesses into new workspaces.
With a client list that includes major names like Swiggy, Tata Digital, Paytm, and Apollo 24/7, Innov8 is establishing itself as a preferred workspace provider for some of India's most innovative companies. By 2025, Innov8's expanded network of coworking spaces is set to redefine India's workspace landscape, providing companies with a flexible, sustainable, and collaborative environment that supports growth and success.
Advertisement
Facebook
Whatsapp
