Ritesh Agarwal led hospitality chain OYO has acquired Gurugram-based coworking startup Innov8 in an all-cash deal worth about INR 220 Crore ($31.84 Million)..AZB & Partners acted for OYO and the team was led by Partners Niladri Maulik and Jaishree Tolani Lamba along with Shreya Basu..Vaish Associates and JusContractus acted for Innov8..The Vaish team was led by Partner Satwinder Singh along with Senior Associate Kalpit Khandelwal and Associate Mantika Haryani..JusContractus team was led by Founder Payal Chawla along with Hina Shaheen..OYO aims to open more than 35 new co-working spaces in major metropolitans over the next one year, according to sources. OYO has also started two new co-working brands—PowerStation and WorkFlo, which will cater to a variety of start-ups and companies, reported Business Standard.
Ritesh Agarwal led hospitality chain OYO has acquired Gurugram-based coworking startup Innov8 in an all-cash deal worth about INR 220 Crore ($31.84 Million)..AZB & Partners acted for OYO and the team was led by Partners Niladri Maulik and Jaishree Tolani Lamba along with Shreya Basu..Vaish Associates and JusContractus acted for Innov8..The Vaish team was led by Partner Satwinder Singh along with Senior Associate Kalpit Khandelwal and Associate Mantika Haryani..JusContractus team was led by Founder Payal Chawla along with Hina Shaheen..OYO aims to open more than 35 new co-working spaces in major metropolitans over the next one year, according to sources. OYO has also started two new co-working brands—PowerStation and WorkFlo, which will cater to a variety of start-ups and companies, reported Business Standard.