Delhi-based Innov8, a coworking space has raised an undisclosed amount of funding from Dheeraj Jain, Redcliffe Capital; Punit Soni, Ex-CPO Flipkart, Ex-Googler and Y Combinator, reported BW.
Innov8, which is already operational in the capital city and Chandigarh, is now looking to utlise the funds to open two new coworking space in Koramangala, Bangalore on 20th January & one in Mumbai very soon.
Launched in 2015, Innov8 is the brainchild of Dr. Ritesh Malik, Shailesh Gupta, and Sumit Ranka. It aims to get the best of minds together and just be the right launch pad to foster free thinking, innovation, creativity, and entrepreneurship.
Speaking on the development, Ritesh Malik, Cofounder of Innov8, said, “At Innov8, we have a single point focus of creating the most aspiring & thought led communities in the country for fostering entrepreneurship & businesses. Our experience in Delhi & Chandigarh have helped us understand what Indian coworkers precisely need. All that we’ve learnt from these campuses, we’re deploying in our new campuses. Y Combinator has helped us insanely on scaling of the size & communities leveraging technology. Having people like Punit & Dheeraj help us build the right kind of strategy for growth. These are the most hands on investors we’ve met.”
The startup was one of the three Indian companies selected by Y Combinator, a famous Silicon Valley incubator, for its summer batch of 2016.
“Coworking is not about startups alone, it’s for anyone who wants to build value, whether a business or an NGO or a student trying his hands at entrepreneurship. We at Innov8, have this intense focus on building world class designed offices & tech led communities for helping SMEs, freelancers & entrepreneurs achieve their zenith potential. Our intensity is to create offices in the heart of CBD’s & make work much more enjoyable & productive,” Shailesh Gupta, Co-founder, Innov8 Coworking.
Recently, another coworking space based out of Bangalore, InstaOffice raised its Pre-Series A round of funding led by Globevestor.