Innov8, a coworking startup, has announced its plans to raise Rs 100 crore in a primary funding round. The company aims to enhance its expansion efforts and achieve a valuation of Rs 1,200 crore.
The funding will support the addition of 4 million square feet of managed office space across India over the next three years. Innov8 also intends to double the number of coworking centers in the country to 100 by 2025.
The capital raised will be used for strategic growth opportunities, such as acquisitions, technology upgrades, partnerships, and entry into niche segments. The fundraising initiative is being led by InCred.