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 .
Indian hotel chain Oyo has entered the co-working segment, with a reported $30m 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 Q4 2019, as part of its ambition to become the biggest co-working company in Asia by the end of 2020. Innov8 joins Oyo Workspaces’ other brands, Workflo and Powerstation, which provide low-cost co-working services. Oyo's last funding round valued the company at more than $5bn.