Innov8 workspaces Unlisted Shares
Innov8 workspaces india limited
INE1DBW01022
Incorporation Date: 11-Jun-2019
Listing Status: DRHP Not Filed
About Innov8 workspaces Unlisted Shares
Overview of Innov8 workspaces Unlisted Shares
Innov8 Workspaces India Limited
Innov8 Workspaces India Limited, formerly known as OYO Workspaces India Private Limited, is a flexible workspace and managed-office company operating under the OYO ecosystem. Founded in 2015 and acquired by OYO in 2019, Innov8 focuses on providing premium coworking spaces, private offices, dedicated desks and fully managed workspace solutions for startups, SMEs and large enterprises. The company combines professionally designed workspaces, technology-enabled operations and flexible commercial arrangements to provide businesses with scalable office solutions.
🏢 Introduction & Infrastructure
Established: 2015; acquired by OYO in 2019.
Headquarters: New Delhi.
Business Focus: Premium flexible workspaces, coworking and managed offices.
Workspace Network: Operates across major commercial markets including Delhi-NCR, Mumbai, Bengaluru, Hyderabad, Pune, Chennai, Ahmedabad and other cities.
Centre Network: The company has expanded its operating network significantly, with 58 centres as of March 2026 and further expansion thereafter.
Workspace Infrastructure: Centres include private offices, dedicated desks, coworking areas, meeting rooms, business lounges and common facilities.
Location Strategy: Focuses on prominent commercial locations and established business districts rather than competing purely through low-cost office space.
Technology: Uses digital systems for workspace management, customer onboarding, bookings, billing and facility operations.
⚙️ Business Model & Operational Verticals
Innov8 follows a Workspace-as-a-Service model, where it leases or manages commercial workspace and converts it into flexible office inventory for businesses and professionals.
1. Coworking Spaces
Flexible desks
Hot desks
Dedicated desks
Community workspaces
Flexible membership plans
2. Private Offices
Fully furnished private cabins
Small and medium-sized office suites
Customised workspace configurations
Flexible tenure arrangements
3. Managed Offices — Key Growth Vertical
Fully managed offices for enterprises
Custom-built workspace solutions
Dedicated floors and larger office environments
Facility management and operational support
Enterprise-focused long-term contracts
4. Meeting & Business Facilities
Meeting rooms
Conference rooms
Boardrooms
Business lounges
Event and collaboration spaces
5. Virtual & Flexible Office Solutions
Virtual office facilities
Business addresses
Flexible access passes
Additional workspace services for distributed teams
👥 Management Structure
Innov8 is supported by professional management with experience across flexible workspaces, real estate, operations, sales and business development.
Ritesh Malik — Chief Executive Officer
Shailesh Gupta — Chief Operating Officer
Pankhuri Sakhuja — Whole-Time Director
The management team is supported by professionals across workspace operations, enterprise sales, real estate, technology, customer experience, finance and facility management.
📦 Key Product & Service Portfolio
| Product / Service | Key Offering |
|---|---|
| Coworking Spaces | Flexible and community-based workspaces |
| Dedicated Desks | Fixed workstations for individuals and teams |
| Private Offices | Furnished offices for startups, SMEs and teams |
| Managed Offices | Fully managed customised offices for enterprises |
| Meeting Rooms | Meeting, conference and collaboration facilities |
| Business Lounges | Professional shared business environments |
| Virtual Offices | Business addresses and flexible office services |
| Flexi Passes | Short-term and flexible workspace access |
| Enterprise Solutions | Large-scale customised workspace requirements |
🏢 Enterprise & Customer Ecosystem
Innov8 serves a broad customer base across different stages of business, including:
Startups
Freelancers
Small and medium-sized enterprises
Large corporates
Multinational companies
Project teams
Remote and hybrid teams
The company's service model allows customers to move from individual desks to private offices and eventually larger managed-office environments within the same workspace ecosystem.
🔧 Key Business Capabilities
Premium workspace positioning focused on design, location and user experience.
Ability to provide both standard coworking and customised enterprise offices.
Flexible contracts allowing businesses to scale workspace requirements.
Integrated workspace operations covering facility management, technology, community and customer service.
Strong enterprise-oriented capabilities through managed-office solutions.
OYO-backed ecosystem providing access to experience in property operations, hospitality and technology.
Ability to expand through a combination of new centres and larger enterprise workspace contracts.
⭐ Key Business Highlights
Founded in 2015 and acquired by OYO in 2019.
Focused on India's growing flexible workspace and managed-office segment.
Premium positioning across major business and commercial locations.
Portfolio covering coworking, dedicated desks, private offices, meeting rooms and managed offices.
58 operating centres as of March 2026, with further network expansion subsequently.
Strong focus on enterprise and managed-office customers.
Combination of physical workspace infrastructure and technology-enabled operations.
Backed by the wider OYO ecosystem, providing strategic capabilities in property operations, technology and customer acquisition.
Insights of Innov8 workspaces Unlisted Shares
Innov8 Workspaces India Limited
1. Financial Highlights – FY25 vs FY26
All monetary values are in ₹ Crore.
| Metric | FY25 | FY26 | YoY Growth | Margin FY25 | Margin FY26 |
|---|---|---|---|---|---|
| Net Revenue | 114.46 | 201.31 | +75.88% | — | — |
| EBITDA | 65.97 | 141.76 | +114.88% | 57.63% | 70.42% |
| PBT | -3.16 | 13.98 | Turnaround | -2.76% | 6.94% |
| PAT | 1.16 | 13.75 | +1,085.34% | 1.01% | 6.83% |
Key insight:
Revenue grew 75.9% in FY26 to ₹201.31 Cr, while EBITDA more than doubled, indicating strong operating leverage as the workspace network scaled.
The company turned profitable at the PBT level, moving from a ₹3.16 Cr loss in FY25 to ₹13.98 Cr profit in FY26.
PAT increased sharply to ₹13.75 Cr, supported by higher operating earnings and a significant increase in other income from ₹3.06 Cr to ₹38.90 Cr.
2. Key Company Developments
Rapid centre expansion: Innov8 has significantly expanded its workspace network. The company reported 58 centres by FY26-end and 72 centres by July 2026, reflecting an aggressive expansion strategy across major Indian business markets.
Vatika Business Centres acquisition: Innov8 acquired Vatika Business Centres for approximately ₹27 Cr, strengthening its managed-office and flexible-workspace footprint. The acquisition is expected to support expansion into additional locations and enterprise-focused workspace offerings.
Target of 101 centres: Following the expansion and acquisition strategy, Innov8 is targeting approximately 101 centres across 22 cities, indicating a continued focus on national scale.
Premium and managed workspace positioning: Innov8 focuses on premium coworking, managed offices, private offices and flexible workspace solutions serving startups, SMEs and enterprises. Its footprint now extends across major markets including Mumbai, Delhi-NCR, Bengaluru, Hyderabad, Chennai and Pune.
Strong FY26 operating turnaround: The company's FY26 results represent a significant improvement over FY25, with revenue increasing nearly 76% and PAT rising from ₹1.16 Cr to ₹13.75 Cr.
3. Industry Insights & Trends
Enterprise demand is becoming a major growth driver: India's flex-office market is increasingly moving from being primarily a solution for startups and freelancers toward enterprise offices, managed workspaces and Global Capability Centres (GCCs).
Managed offices are gaining importance: Large companies increasingly prefer customised, ready-to-use offices rather than committing to traditional long-term leases. This creates an opportunity for flexible workspace operators such as Innov8.
Tier-1 city expansion remains important: Mumbai, Delhi-NCR, Bengaluru, Hyderabad, Chennai and Pune continue to be major demand centres because of their concentration of startups, technology companies, enterprises and GCCs.
Industry scale is increasing rapidly: Listed peers are also expanding aggressively. WeWork India ended FY26 with 76 centres and 8.6 million sq. ft. of operational footprint, while Smartworks crossed 10 million sq. ft. of operational footprint during FY26. This indicates increasing institutionalisation of India's flexible-workspace sector.
Occupancy and utilisation remain critical: The sector has a relatively asset-light growth model from the operator's perspective, but profitability depends heavily on occupancy, pricing, centre-level contribution margins and lease costs. Therefore, scaling centres without maintaining occupancy can pressure returns.
4. Latest Funding & Valuation
This section is highly relevant for Innov8.
₹110 Cr funding round – January 2025: Innov8 raised approximately ₹110 Cr by diluting around 10% equity. The round was led by family offices associated with Mankind Pharma, Gauri Khan, Rupa Group and Jagruti Dalmia.
₹1,000 Cr valuation: The January 2025 funding round was completed at an approximate ₹1,000 Cr valuation. The round was reportedly oversubscribed by 2.7x, indicating strong investor interest in the business.
Additional stake transaction – June 2025: Innov8 subsequently sold approximately 3% stake at the same ₹1,000 Cr valuation, with the Raymond Family Office emerging as a key investor.
Use of funds: The capital has been directed toward expansion, acquisitions, technology upgrades, partnerships and new workspace segments.
Valuation reference: The latest disclosed institutional transaction benchmark identified is approximately ₹1,000 Cr. Since no newer priced funding round establishing a different valuation has been identified, this remains the most relevant disclosed private-market benchmark.
5. Peer Comparison
| Metric (FY26) | Innov8 Workspaces | WeWork India | Smartworks |
|---|---|---|---|
| Revenue (₹ Cr.) | 201.31 | 2,477.40 | 1,795.81 |
| Revenue Growth | 75.88% | 23.40% | 31.00% |
| EBITDA (₹ Cr.) | 141.76* | 499.20 | 314.00** |
| EBITDA Margin | 70.42%* | 20.16% | 17.48% |
| PAT (₹ Cr.) | 13.75 | 179.00 | 10.53 |
| PAT Margin | 6.83% | 7.22% | 0.59% |
| Business Model | Premium Coworking & Managed Offices | Flexible & Managed Workspaces | Managed Offices & Flex Workspace |
| Status | Unlisted | Listed | Listed |
Financial Charts of Innov8 workspaces Unlisted Shares
Balance Sheet of Innov8 workspaces Unlisted Shares
Profit and Loss of Innov8 workspaces Unlisted Shares
Ancillary of Innov8 workspaces Unlisted Shares
Ratio Analysis
Peers
Industry Benchmarking
Segment Revenue
Subsidaries
Security Allotment
Corporate Governance
Team Management Details
FAQs of Innov8 workspaces Unlisted Shares
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What is the price of Innov8 workspaces india limited?
We provide a two way quote on all the shares we deal in. Your buy price for Innov8 workspaces india limited is ₹60 and your sell price for Innov8 workspaces india limited is ₹40. The price is based on our estimates and market conditions.
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What is the lock-in period of Innov8 workspaces india limited?
The lock-in period for Innov8 workspaces india limited varies depending on the category of investors:
- For retail Investors, HNIs, or Body Corporates, the lock-in period is 6 months from the date of the listing of Innov8 workspaces india limited
- For Venture Capital Funds or Foreign Venture Capital Investors, there is a lock-in period of 6 months from the date of acquisition of Innov8 workspaces india limited
- For AIF-II (Alternative Investment Funds - Category II), there is no lock-in period
August 2021 saw the introduction of this regulation by SEBI. The purpose of the regulation change, which lowered the lock-in period from a year to six months, was to incentivize additional investments in firms getting ready for initial public offerings, or IPOs. Since its introduction, a number of Portfolio Management Services (PMS) have advised their clients to purchase Pre-IPO shares in order to take advantage of the advantages associated with early-stage investments. This reduction in the lock-in period is considered as a significant step forward.
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How is the Innov8 workspaces india limited price calculated?
Fundamental & Comparative valuation models and the forces of demand and supply in the market for unlisted shares dictate the price. These prices are based on our estimates and transaction history of Innov8 workspaces india limited. The price is also determined from the most recent funding round for Innov8 workspaces india limited. This provides us with a benchmark valuation, offering a clear indication of the company's current market value as perceived by investors and industry experts.
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What are the financials of Innov8 workspaces india limited?
The financials of Innov8 workspaces india limited which includes the P/L of Innov8 workspaces india limited and the Balance Sheet of Innov8 workspaces india limited is in the financials section (Click on link).
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The annual report of Innov8 workspaces india limited is available in the annual report section (Click on link).
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Is buying Innov8 workspaces india limited legal in India?
Yes, buying and selling unlisted shares in India is indeed 100% legal. This activity is regulated and governed under the guidelines provided by the Securities and Exchange Board of India (SEBI). Investors and traders must adhere to these regulations and guidelines to ensure compliance with legal and financial standards. It's important for participants in the unlisted share market to be aware of and understand these regulations to engage in transactions legally and securely.
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Short-term Capital Gain taxes to be paid on Innov8 workspaces india limited?
When you sell unlisted shares within a period of two years from the date of acquisition, any profit earned from the sale is classified as Short-term Capital Gain (STCG). This gain is then added to your total income for that financial year. The tax on this short-term capital gain is calculated based on your applicable individual income tax slab rates. Therefore, the rate at which you will pay tax on the STCG from unlisted shares depends on your total income, including this gain, and the tax slab it falls under as per the prevailing income tax laws in India. It's important for investors to consider these tax implications when engaging in transactions involving unlisted shares.
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Long-term Capital Gain taxes to be paid on Innov8 workspaces india limited and how are They Taxed?
Long-term Capital Gains (LTCG) on unlisted shares in India refer to the profits earned from the sale of unlisted shares that have been held for more than two years. The key aspects of LTCG on unlisted shares include:
- Tax Rate: LTCG on unlisted shares is taxed at a rate of 20%.
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- Importance for Investors: Understanding LTCG is crucial, especially for High Net-worth Individuals (HNIs) and retail investors, as it impacts their investment strategy and tax planning. Knowing these details helps in making informed investment decisions.
- Calculation: LTCG is calculated by subtracting the indexed cost of acquisition (the purchase price adjusted for inflation) from the sale price of the shares. The profit thus calculated is subject to a 20% tax.
- Applicability: LTCG tax is applicable to profits from the sale of unlisted shares held for more than two years.
- Relevance: This tax is particularly relevant to investors in the unlisted share market, including those considering selling their holdings after a period of more than two years.
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Applicability of Taxes on Innov8 workspaces india limited once it is listed?
When shares initially bought in the unlisted market become listed, the taxation rules change significantly if these shares are sold through a stock exchange. Here's what investors need to know:
Transition to Listed Market Tax Rates: Once unlisted shares are listed on the stock exchange and subsequently sold, the tax rates applicable to listed securities come into effect. This shift means that the favourable tax treatments for listed shares, as per the prevailing tax laws, will apply.
Taxation Based on Holding Period: The crucial factor in determining the type of capital gains tax (Long-term or Short-term) is the holding period of the shares. Importantly, this period is calculated from the original purchase date when the shares were unlisted.
Long-term vs. Short-term Capital Gains: If the shares are sold after being held for more than one year from the date of purchase (including the period when they were unlisted), they are subject to Long-term Capital Gains (LTCG) tax.
Conversely, if sold within one-year, Short-term Capital Gains (STCG) tax rates apply.
Significance for Investors: This information is vital for investors in the unlisted market, as it impacts their tax planning and decision-making process. Understanding these nuances ensures that investors can strategically plan the sale of their shares post-listing to optimize tax implications.
Advice for Investors: It's advisable for investors to keep a record of their purchase dates and monitor the listing dates closely. Additionally, staying updated with the latest tax regulations or consulting with a financial advisor is recommended for accurate tax calculations and compliance. -
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Employees of the Company: Employee stock option plans (ESOPs) or other compensation packages frequently include shares for firm employees. For a various reasons, such as including portfolio diversification or financial considerations, some of these employees may eventually choose to sell their shares. We engage with these employees, providing them a platform to sell their shares.
Initial Investors: These are the angel or early-stage investors who provided capital to the business in its early stages. These original investors may look to sell all or part of their ownership position in the company as it develops and flourishes. This might be done for various reasons such as in order to maximise their investment, reallocate resources, or make other calculated financial decisions.
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By establishing connections with these groups, Altius Investech guarantees our clients a steady and dependable supply of Innov8 workspaces india limited unlisted shares. This process not only makes it easier for employees and initial investors in liquidating their assets, but it also gives our clients access to shares that aren't often found on the open market. Our platform effectively facilitates a win-win situation for both buyers and sellers. -
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