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
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- 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.
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
People of Innov8
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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.
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.
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Early-stage investments are targeted by the venture capital firm.
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Early-stage startup ecosystem is supported by Venture Catalysts in India.
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Investor details for Innov8
Investor domains, locations, round participation, and complete history require an active premium plan.
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Investments & Acquisitions by Innov8
Investment portfolio details for Innov8
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- Transaction dates
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Financial Statements - Innov8
Detailed financials for Innov8
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Innov8 Comparisons
Peer comparison for Innov8
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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.
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Flexible office and coworking spaces are provided by WeWork globally.
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Flexible workspace solutions, including coworking and managed offices, are offered.
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Flexible workspace solutions are provided for enterprises, startups, and SMBs.
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Managed office spaces and coworking environments are provided for businesses.
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Operator of shared workspaces, private offices, and virtual office solutions
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Provider of flexible and customized coworking spaces
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Detailed competitors of Innov8
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Latest news on Innov8
Complete news archive for Innov8
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Frequently Asked Questions about Innov8
Innov8 was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Innov8 is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Ritesh Malik is the current CEO of Innov8. They have also founded this company.
Innov8 is a funded company, having raised a total of $18.79M across 7 funding rounds to date.
As of Jul 31, 2019, the latest employee count at Innov8 is 116.
Annual revenue of Innov8 is $3.37M as on Mar 31, 2024.
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.
Innov8 offers Private Office, Dedicated Desks, and Hot Desks.
Innov8 has 106 investors. Key investors include OYO, IIFL Finance, Venture Catalysts, LetsVenture, and Credence Family Office.
The valuation of Innov8 is $18.61M as of Sep 2018.