Co-working firm Innov8 has made a significant expansion in the Delhi-NCR region, investing INR 10 crore to set up three new facilities with a total sitting capacity of over 600. The new centers, spanning 60,000 square feet, are located in strategic hubs like Unitech Cyber Park, DLF Cyber City, and Okhla. Innov8's founder cited the thriving startup ecosystem and corporate presence in the region as key factors behind this expansion. As a company acquired by OYO in 2019, Innov8 now operates over 30 centers across nine cities in India, catering to more than 8,000 employees of its clients.
Co-working firm Innov8 has expanded its presence in the Delhi-NCR region by setting up three new facilities with a total sitting capacity of over 600. The company has invested INR 10 crore in this expansion plan, which comes amid a growing demand for flexible workspaces.
The three new facilities, spanning a total area of 60,000 square feet, are located at Unitech Cyber Park, DLF Cyber City, and Okhla in the Delhi-NCR area, as confirmed by the company in a statement.
Ritesh Malik, the Founder of Innov8, commented that the thriving startup ecosystem and prominent corporate presence in Delhi-NCR make it an ideal location for the company's latest co-working spaces.
Innov8, which was acquired by OYO in 2019, has allocated INR 10 crore to the development of these new coworking centers.
Founded in 2015, Innov8 currently has a presence across nine cities in India, including Delhi, Gurugram, Mumbai, Pune, Chennai, Bengaluru, Ahmedabad, Hyderabad, and Indore. The company operates over 30 centers, hosting more than 8,000 employees of its clients. Within the Delhi-NCR region, Innov8 now has a total of seven coworking centers.
In conclusion, Innov8's latest expansion in Delhi-NCR underscores the growing demand for flexible workspaces in the region. By tapping into the area's vibrant entrepreneurial landscape and corporate presence, the co-working firm is well-positioned to provide modern, collaborative environments that cater to the evolving needs of businesses. With this strategic move, Innov8 solidifies its position as a leading player in the Indian coworking market, driving innovation and workspace transformation across key urban hubs.
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