About Innov8
Innov8 is a company based in Delhi (India) founded in 2015 by Ritesh Malik was acquired by OYO in March 2019.. Innov8 has raised $18.79 million across 7 funding rounds from investors including OYO, IIFL Finance and Venture Catalysts. The company has 116 employees as of July 31, 2019. Innov8 offers products and services including Private Office, Dedicated Desks, and Hot Desks. Innov8 operates in a competitive market with competitors including WeWork, BHIVE Workspace, IndiQube, DevX and 91Springboard, among others.
- Headquarter Delhi, India
- Employees 116 as on 31 Jul, 2019
- Founders Ritesh Malik
- Stage Minicorn
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Sectors
Real Estate & Construction
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Innov8, Inc.
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Annual Revenue
$3.37 M (USD)30as on Mar 31, 2024
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Net Profit
$2.93 M (USD)1687as on Mar 31, 2024
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EBITDA
$3.26 M (USD)125as on Mar 31, 2024
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Total Equity Funding
$18.79 M (USD)
in 7 rounds
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Latest Funding Round
$12.74 M (USD), Series A
Jan 28, 2025
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Investors
OYO
& 105 more
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Employee Count
116
as on Jul 31, 2019
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Acquired by
OYO
(Mar 15, 2019)
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Products & Services of Innov8
Innov8 offers a comprehensive portfolio of products and services, including Private Office, Dedicated Desks, and Hot Desks. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Premium space for startups and corporates with exclusive amenities
Fixed desks for small teams to work collaboratively
Dynamic seats for professionals to connect and innovate
Unlock access to complete
Funding Insights of Innov8
Innov8 has successfully raised a total of $18.79M across 7 strategic funding rounds. The most recent funding activity was a Series A round of $12.74 million completed in January 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 7
- Last Round Series A — $12.7M
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First Round
First Round
(09 Jul 2016)
- Investors Count 105
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2025 | Amount | Series A - Innov8 | Valuation |
investors |
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| Sep, 2018 | Amount | Seed - Innov8 | Valuation | Credence Family Office | |
| Jul, 2018 | Amount | Seed - Innov8 | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Innov8
Innov8 has secured backing from 106 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include OYO, IIFL Finance and Venture Catalysts. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Founded Year | Domain | Location | |
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Early-stage investments are targeted by the venture capital firm.
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Founded Year | Domain | Location | |
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Early-stage startup ecosystem is supported by Venture Catalysts in India.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Innov8
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Innov8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Innov8 Comparisons
Competitors of Innov8
Innov8 operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as WeWork, BHIVE Workspace, IndiQube, DevX and 91Springboard, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Flexible office and coworking spaces are provided by WeWork globally.
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| domain | founded_year | HQ Location |
Flexible workspace solutions, including coworking and managed offices, are offered.
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| domain | founded_year | HQ Location |
Flexible workspace solutions are provided for enterprises, startups, and SMBs.
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| domain | founded_year | HQ Location |
Managed office spaces and coworking environments are provided for businesses.
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| domain | founded_year | HQ Location |
Operator of shared workspaces, private offices, and virtual office solutions
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| domain | founded_year | HQ Location |
Provider of flexible and customized coworking spaces
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Innov8
Frequently Asked Questions about Innov8
When was Innov8 founded?
Innov8 was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Where is Innov8 located?
Innov8 is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Who is the current CEO of Innov8?
Ritesh Malik is the current CEO of Innov8. They have also founded this company.
Is Innov8 a funded company?
Innov8 is a funded company, having raised a total of $18.79M across 7 funding rounds to date.
How many employees does Innov8 have?
As of Jul 31, 2019, the latest employee count at Innov8 is 116.
What is the annual revenue of Innov8?
Annual revenue of Innov8 is $3.37M as on Mar 31, 2024.
What does Innov8 do?
Founded in 2015, Innov8 operates in the coworking sector from Delhi, India. Flexible workspace solutions are offered, including hot desks, dedicated desks, and private offices for teams of varying sizes. Access to amenities is provided through memberships to support collaboration and productivity. Adaptable options are delivered to professionals and enterprises seeking shared office environments.
What products or services does Innov8 offer?
Innov8 offers Private Office, Dedicated Desks, and Hot Desks.
Who are Innov8's investors?
Innov8 has 106 investors. Key investors include OYO, IIFL Finance, Venture Catalysts, LetsVenture, and Credence Family Office.
What is Innov8's valuation?
The valuation of Innov8 is $18.61M as of Sep 2018.