OYO Expands in the Co-Working Business with Innov8

The workspaces give several key offerings including high-speed internet, Pan India Space Solution, Parking needs, Storage Space, Eating Space and much more. The workspaces are designed and priced so as to meet the needs of all Upper mid-scale, Premium economy/midscale and Economy/no-frills segments.

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MOVING FROM long term lodging and hotel business, OYO has launched OYO workspaces which is a co-working space designed for talented professionals, freelancers and early-stage start-ups. These workspaces are already operational across six cities in India with over 16 centres. These workspaces already entertain the occupancy rate of more than 85 percent.

During the launch, Rohit Kapoor, CEO, New Real Estate Businesses said, “We plan to have 50 Oyo workspaces by the end of the current year and aim to make it the largest co-working business in Asia by the end of 2020.”

The 3rd largest hotel chain, OYO acquired Innov8 this year and made an entrance into co-working space market. Innov8 is one of the three in-house brands introduced by OYO. The other two are – WorkFlo and PowerStation, which are aimed at serving people who are looking for more economical prices. Innov8 has been positioned as a premium option.

The workspaces give several key offerings including high-speed internet, Pan India Space Solution, Parking needs, Storage Space, Eating Space and much more. The workspaces are designed and priced so as to meet the needs of all Upper mid-scale, Premium economy/midscale and Economy/no-frills segments.

Currently, OYO is planning to expand in Hyderabad. The acquisition will help Innov8 grow and increase its financial horizon in the further growing co-working business. Speaking about the acquisition, Ritesh Malik, Founder and CEO, Innov8 said, “All the 150 employees working at Innov8 will get absorbed in the new company and this will open new doors and opportunities for the Innov8 brand.”

Starting from 10 rooms in Gurugram in 2013 to serving more than half a million clients each day with more than 850,000 rooms across Asia, OYO has expanded stupendously. It is growing its business in other sectors by indulging itself into partnerships with start-ups and local players. Furthermore, it has plans to invest in its India and Southeast Asia businesses this year.


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