Innov8 Co-working closed angel round of investments; looks at further expansion in metros

One of India’s leading workspace brands, Innov8 Co-working announced the closure of an angel round of investments that was led by the likes of LestVentures, Venture Catalysts and independent angel investors like, Rajan Anandan (Google), Kunal Shah(Freecharge/Snapdeal), Girish Mathrubhootham (Freshdesk), Punit Soni (Ex-Flipkart CPO), Anand Chandrasekeran (Facebook), Sunil Kalra (Via Projects), Utsav Somani (Angel List India), Vishal Gondal (GOQii), Vikram Limaye (IDFC Bank) and other investors.

Co-founders, Dr. Ritesh Malik and Shailesh Gupta, are themselves investors and serial entrepreneurs. They had forecasted the potential of the workspace industry and launched the brand Innov8 co-working in 2015. With its first centre in the heart of Delhi, Connaught Place. Innov8 focuses on targeting the most central and accessible locations in the city and ensures quirkiest and a comfortable atmosphere for its members.

Co-working as a culture in India is not even a decade old concept and therefore, the country is in a continuous process of exploring new use cases for it by various sectors. What started a few years ago as an affordable alternative to workspace for entrepreneurs and freelancers, is now seeking major attention of corporates that are regularly deploying smaller teams on projects in the new cities.

“We started Innov8 with an idea to provide beautifully designed, collaborative workspaces, community and services to our co-workers so that they can save their energies and focus on work,” said Shailesh Gupta.

To which, Dr. Ritesh Malik added, “More than the money when we were raising this round, our focus was to get the most supportive & hands on investors who’ve been there and done that.”

With innovation and collaboration as its core concept, Innov8 is the official address of its members including corporates, writers, entrepreneurs, homemakers, freelancers, investors, RJs, advocates, and NGO’s. The brand aims towards making mundane workspaces interesting and collaborative in such a way that co-workers can be at that best productive self. In addition to an exciting workspace, Innov8 also offers community services in legal, tax, accounting etc.