Innov8, a fast-growing coworking startup, is on a mission to redefine the way businesses work in India. With its eye on aggressive expansion, the company is reportedly in talks to raise INR 100 Cr ($11.9 million) in a fresh round of funding. The goal? To double the number of coworking centres across India and lead the charge in the burgeoning managed office space market. As the future of…
WeWork Inc.’s plan to exit its Indian unit through a secondary stake sale has fallen apart, just as the coworking sector begins to show signs of recovery. This development highlights the ongoing challenges faced by WeWork following its bankruptcy.
The deal involved WeWork Inc. selling its entire 27% stake in WeWork India, while the Embassy Group aimed to divest an additional 13% to a consortium…
