RERA in Real Estate: What Buyers and Builders Need to Know
2024-12-23 01:51:26
Coworking startup Innov8, founded in 2015, announced on November 23 its plans to raise ₹100 crore through a primary funding round. The funds will support the addition of 4 million square feet of managed office space in India over the next three years, as well as strategic initiatives such as acquisitions, technology upgrades, partnerships, and niche market expansions.
The company, aiming for a valuation of ₹1,200 crore, also revealed plans to double its coworking centers in India to 100 by 2025. Currently, Innov8 enjoys over 90% occupancy across its centers, fueled by the rising demand for flexible office spaces.
Led by InCred, the fundraising will enable Innov8 to strengthen its presence in Tier 1 cities, including Delhi, Gurgaon, Noida, Mumbai, Navi Mumbai, Pune, Chennai, Bangalore, Ahmedabad, and Hyderabad. The company is prioritizing operational optimization in these key markets rather than venturing into new regions.
2024-12-23 01:51:26
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