15 February 2017, India:
New Delhi-based co-working space Innov8 has raised an undisclosed amount in an angel round led by online deal-making platform LetsVenture and Mumbai-based seed investment platform Venture Catalysts.
“The funds will be used for growing the team and technology platform. We are an asset-light company and we are looking at expanding to major cities like Hyderabad, Chennai and Pune by December-end,” Innov8 co-founder Ritesh Malik told.
The angel round also saw participation from LetsVentures, Venture Catalysts, Girish Mathrubhootham (Freshdesk), Punit Soni (ex-Flipkart CPO), Anand Chandrasekeran (Facebook), Sunil Kalra (Via Projects), Utsav Somani (Angel List India), Vishal Gondal (GOQii) and Vikram Limaye (IDFC Bank) as well.
Innov8 offers shared workspaces, community and services to startups, freelancers, entrepreneurs and even divisions of large corporates. “We are currently working at 100% occupancy in both our Delhi and Chandigarh centers. We have an eight-month wait list at our Delhi center,” said Shailesh Gupta, co-founder of Innov8.