Indian hotel chain Oyo has entered the co - working market , with a reported $ 30 m acquisition of start - up Innov8 and the establishment of Oyo Workspaces , which already has 20 locations in 10 Indian cities . Oyo Workspaces will compete with a range of companies, including 91Springboard, GoHive, Awfis, GoWork and the global giant WeWork. Oyo plans to expand its co - working business to 50 locations by early 2018 , as part of its ambition to become the biggest co - working company in India by the end of 2020 . This joins Oyo Workspaces ’ other brands , Workflo and Powerstation , which offer low - cost co - working services . Oyo 's last funding round valued the company at more than $ 5bn .
Indian hotel chain Oyo has entered the co - working market , with a reported $ 30 m acquisition of start - up Innov8 and the establishment of Oyo Workspaces , which already has 20 locations in 10 Indian cities . Oyo plans to expand its co - working business to 50 locations by early 2018 , as part of its ambition to become the biggest co - working company in India by the end of 2020 . This joins Oyo Workspaces ’ other brands , Workflo and Powerstation , which offer low - cost co - working services . Oyo 's last funding round valued the company at more than $ 5bn .