Indian hotel chain Oyo Workspaces has entered the co-working segment, with a reported $30 m acquisition of start-up Innov8 and the establishment of Wi , 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 Southeast Asia by Q4 2019 . Innov8 joins Oyo Workspaces ’ other brands, Workflo and Powerstation, which provide low-cost co-working services. It is also offering users monthly and quarterly passes — currently being offered at heavily discounted rates — to further lower the price points of its co-working spaces. Oyo 's last funding round valued the company at more than $ 5bn.
Indian hotel chain Oyo Workspaces has entered the co-working segment, with a reported $30 m acquisition of start-up Innov8 and the establishment of Wi , 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 Southeast Asia by Q4 2019 . 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.