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Innov8 plans to raise ₹100 Crore in series-A funds

Delhi's most central and premium co-working space and innovation center, Innov8 is about to raise ₹100 Crore ($15 million) in series-A funds.

Delhi’s most central and premium co-working space and innovation centre, Innov8 is owned and operated by Guerrilla Infra Solutions. The co-working space is about to raise ₹100 Crore ($15 million) in series-A funds. The startup has built a network of entrepreneurs, startup enthusiast, thinkers and facilities that can take the brand forward. The brand is eyeing on to create more such spaces outside Delhi so that willful people can make use of it across the country.

Innov8 is providing their services in Bengaluru, Delhi and Chandigarh. Moreover, the startup is backed by some of India’s top angel investors like, Paytm founder Vijay Shekhar Sharma, Google India executive Rajan Anandan, Anand Chandrasekaran,  global director of platform and product partnerships at Facebook, and Girish Mathrubootham, chief executive of Freshworks, among many others.

The Delhi-based company has not yet revealed the amount of seed funding, according to the reports, it raised about ₹9.6 Crores ($1.5 million). Ritesh Malik, Shailesh Gupta and Sumit Ranka are the three young minds behind this idea of co-working space.

The growth percentage of Innov8 has gradually declined in last few months. Reportedly after the entrance of Awfis in the market. Awful is a rival to Innov8, working on similar lines and has raised ₹125 crores.

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