In a bid to diversify its business from hotel to co-working spaces, OYO has announced the acquisition of Innov8, a co-working space provider for ₹220 crore. The investors of Innov8 have taken an exit after the deal. Post-purchase, the founder of Innov8 Ritesh Malik will continue to expand Innov8 under the leadership of OYO. The Innov8 team will also remain intact post-acquisition.
— Venturedreams
AZB & Partners advised
2019-02-05
Deal value: $23.2m / INR 1600m
This deal report is based on a firm's press release and may be only partially complete. Some firms or names of advisers may be therefore be missing.