Latest news with #Innov8
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Business Standard
15 hours ago
- Business
- Business Standard
Oyo's Innov8 sells 3% stake at ₹1K cr valuation to expand co-working biz
Oyo-owned co-working firm Innov8 has sold 3 per cent stake in the company to investors at a valuation of ₹1,000 crore to expand its business amid rising demand of flexible workspace, according to sources. Raymond Family Office has emerged as the lead investor, acquiring nearly 2 per cent share, they added. Global travel tech platform Oyo Group declined to comment. In January this year, Innov8 had raised ₹110 crore from investors, diluting 10 per cent of its equity to a clutch of high-profile investors including family offices of Gauri Khan, Mankind Pharma, Rupa Group, and Jagruti Dalmia. Founded in 2015 by Ritesh Malik, Innov8 has more than 30 centres across 10 cities -- Delhi, Gurugram, Noida, Mumbai, Pune, Chennai, Bengaluru, Ahmedabad, Hyderabad, and Indore. Innov8 has seen over 90 occupancies in its centres, driven by rising demand for flexible office spaces. It plans to reach 100 centres by end of this year. Innov8 has reported a profit after tax of Rs 62 crore for 2023-24 compared to ₹2.5 crore in FY23. The demand for managed flexible workspaces has risen post-Covid pandemic. Corporates of all sizes are preferring to set up offices in co-working centres to save on capital expenditure, besides having flexibility, according to property experts. As per the data by real estate consultant Vestian, co-working operators will hold more than 100 million square feet of office space by the end of 2026. Oyo Group manages over 1.5 lakh hotel and home storefronts in more than 35 countries. It also offers a range of tech-driven products and solutions to businesses in the hospitality sector. Its global presence includes the US, Europe, Southeast Asia and the UK.
Time of India
15 hours ago
- Business
- Time of India
OYO-owned Innov8 sells 3% stake at Rs 1,000 crore valuation to expand co-working business
OYO-owned co-working firm Innov8 has sold 3% stake in the company to investors at a valuation of Rs 1,000 crore to expand its business amid rising demand of flexible workspace, according to sources. Raymond Family Office has emerged as the lead investor, acquiring nearly 2% share, they added. Global travel tech platform OYO Group declined to comment. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 지긋지긋한 빚, 월 상환액 확 줄일 수 있습니다. 오경석 법률사무소 더 알아보기 Undo In January this year, Innov8 had raised Rs 110 crore from investors, diluting 10% of its equity to a clutch of high-profile investors including family offices of Gauri Khan, Mankind Pharma, Rupa Group, and Jagruti Dalmia. Founded in 2015 by Ritesh Malik, Innov8 has more than 30 centres across 10 cities -- Delhi, Gurugram, Noida, Mumbai, Pune, Chennai, Bengaluru, Ahmedabad, Hyderabad, and Indore. Live Events Innov8 has seen over 90 occupancies in its centres, driven by rising demand for flexible office spaces. It plans to reach 100 centres by end of this year. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories Innov8 has reported a profit after tax of Rs 62 crore for 2023-24 compared to Rs 2.5 crore in FY23. The demand for managed flexible workspaces has risen post-COVID pandemic. Corporates of all sizes are preferring to set up offices in co-working centres to save on capital expenditure, besides having flexibility, according to property experts. As per the data by real estate consultant Vestian, co-working operators will hold more than 100 million square feet of office space by the end of 2026. OYO Group manages over 1.5 lakh hotel and home storefronts in more than 35 countries. It also offers a range of tech-driven products and solutions to businesses in the hospitality sector. Its global presence includes the US, Europe, Southeast Asia and the UK.
India.com
10-06-2025
- Business
- India.com
From Nawabi Heritage To High-Speed Wi-Fi: How Lucknow Became India's Digital Nomad Paradise
Remote work concepts have become widely popular among global professionals during recent times. Digital nomads who combine technology with travel to conduct work remotely created new professional opportunities that transformed different cities worldwide into digital hubs. Lucknow serves as an unanticipated yet active location that attracts digital nomads since it stands as Uttar Pradesh's state capital. Lucknow reinvented its traditional status as the home of cultural heritage and Nawabi cuisine by becoming a leading location for remote work and digital nomad ship during modern times. Lucknow underwent this transformation due to seven essential elements which are presented below. 1. Affordable Cost of Living Digital nomads choose to live in Lucknow primarily because the city has remarkably budget-friendly living costs. Lucknow stands out by providing lower living and daily necessities to its residents than major metropolitan cities such as Delhi and Mumbai. People can acquire co-living spaces with basic facilities or serviced apartments at much lower rates than what major urban areas charge. The combination of affordable prices and delicious quality food at local markets enables remote workers to handle their spending more easily. The affordable price range lets remote workers extend their stay time without budget problems thus they can dedicate more time to productivity and discovery activities. 2. Improved Internet Connectivity Digital nomads absolutely require dependable internet access because it stands as an essential requirement. Lucknow experienced huge advances in its communication network infrastructure during the last ten years. The deployment of high-speed broadband services as well as 4G/5G network accessibility enables remote workers to maintain uninterrupted online functions. The strong Wi-Fi networks at co-working facilities help serve professionals in ecommerce, entrepreneurship and corporate employment who need to work from the city. New technological developments turned Lucknow into a modern business ecosystem which suits multiple work needs. 3. Thriving Coworking Spaces Success in the development of coworking spaces serves as the primary foundation for Lucknow to be adopted by digital nomads. The city offers contemporary office facilities through Innov8, CoWrks and local startups which provide adjustable membership options and modern workspaces in addition to business meeting areas and networking platforms. The collaborative workspaces establish a favorable working environment that promotes community interaction among remote workers. Digital nomads at these spaces get to connect with fellow professionals during their organized networking events, workshops and regular meetings that help members grow both personally and professionally. 4. Rich Cultural Heritage and Lifestyle Lucknow stands out because it combines historical elements with contemporary trends so remote workers find it attractive for creative breakthroughs outside digital interfacing. The city showcases its glorious past through Bara Imambara along with the pair of landmarks Chhota Imambara and Rumi Darwaza. The city adds cultural richness through its rich arts culture which includes Kathak dance performances and Chikankari embroidery. The feeling of hospitality alongside a relaxing atmosphere in Lucknow produces a comfortable welcome for newcomers. Digital nomads who want to divide their time between work and relaxation activities will find plenty of historical exploration, culinary exploration and peaceful relaxation opportunities in Lucknow. 5. Emerging Startup Ecosystem The growing startup activity in Lucknow plays a major role in making this city attractive to remote job seekers. The government and private organizations launched programs to support entrepreneurial ventures that resulted in the creation of incubators and accelerators as well as innovation centers. The increasing entrepreneurship drive brings together people from IT design marketing along with content creation fields to the location. This active business environment generates multiple team collaborations that let digital nomads find purposeful career opportunities and valuable partnership opportunities. 6. Proximity to Nature and Green Spaces The urban chaos of Lucknow reveals itself through its rich selection of natural spaces as well as parklands. The natural attractions of Janeshwar Mishra Park alongside Ambedkar Memorial Park serve as peaceful venues both for sports routines and meditation sessions or relaxation outside work hours. Additionally, nearby destinations such as Sitapur and Dudhwa National Park offer weekend getaways for nature enthusiasts. Digital nomads can enhance their overall life quality thanks to their nearness to nature which gives them opportunities to rest and achieve proper work-life balance. 7. Government Support and Infrastructure Development The Uttar Pradesh government works actively to develop Lucknow into a smart city by launching projects dedicated to infrastructure development and economic progress. Government initiatives that focused on building accessible public transportation along with roads and municipal systems have turned Lucknow into an improved urban environment. The state has implemented policies that support IT advancement while enhancing skills which provides remote workers with an ideal operational setting. The city attracts international professionals to its digital economy because of special financial advantages provided to new businesses and digital operations. Conclusion Lucknow proves itself ready for change by establishing itself as a preferred destination for people working remotely and living digitally. The city provides professionals who desire flexibility while pursuing work from any location with an excellent combination of affordable living expenses and improved network access as well as active coworking spaces and diverse cultural attractions. As Lucknow expands its startup environment while improving basic infrastructure it will draw more digital nomads to its shores during future years. Lucknow exemplifies excellence for digital workers through a harmonious balance between traditional heritage and modern business prospects together with livable costs and comfortable amenities.
Time of India
11-05-2025
- Business
- Time of India
Operation Sindoor: Tensions rise across borders and boardrooms as India's business & policy voices respond to post-ceasefire developments
Following Operation Sindoor and a May 10 ceasefire between India and Pakistan, Indian business leaders expressed mixed reactions—ranging from praise for PM Modi's strong stance to deep scepticism about Pakistan's reliability. Many emphasised India's new zero-tolerance policy on terrorism and growing alignment with global powers like the US. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads In the wake of Operation Sindoor and the recent ceasefire between India and Pakistan, tensions are simmering not just on the battlefield but within India's business and policy circles. Prominent figures from the entrepreneurial and economic sectors are sharing their views on social media, offering a mix of support, scepticism, and strategic and Pakistan announcement a ceasefire agreement on May 10 which drew varied reactions. Former Niti Aayog CEO Amitabh Kant praised Prime Minister Narendra Modi's leadership, underscoring India's peace-through-strength approach.'Under PM @narendramodi's decisive leadership, we've shown the world that any act of terror will be seen as a war against the nation and met with firm action, resolve, and at a huge cost to the perpetrators. A strong India is a safe India,' Kant also emerged. Jiten Parmar, cofounder of Aurum Capital, remarked on Pakistan's reliability:'And it lasted 3 hours. 🤔 Snakes and Pak can never be trusted,' he tweeted, reflecting concerns about the fragility of ceasefire agreements. Ritesh Malik , founder of Innov8, pointed to Pakistan's political instability as a continuing risk, stressing that inconsistent leadership has historically harmed cofounder Kunal Bahl highlighted a shift in India's security stance post-Operation Sindoor, noting a strengthened alignment with the US on counter-terrorism. 'The big win is that we have now set the very overt paradigm (seemingly with US agreement) that an Act of Terror = Act of War. Zero tolerance henceforth,' Bahl Vembu, founder of Zoho, echoed this sentiment, crediting PM Modi for strengthening India's global position and isolating Pakistan diplomatically.'It is the strength and resolve of our Prime Minister Modi-ji whose global standing enabled us to isolate Pakistan on the world stage,' Vembu tweeted.
Zawya
30-01-2025
- Business
- Zawya
Hera Health Solutions wins Arab Health's Innov8 competition, securing $10,000 top prize
An international lineup of the world's leading healthcare start-ups competed in the final of the Innov8 competition, showcasing the innovative and forward-thinking technologies redefining the industry Artificial Intelligence, Generative AI, the Metaverse, Augmented Reality, and Virtual Reality highlighted during judging process Dubai, United Arab Emirates: Hera Health Solutions has won this year's Arab Health Innov8 competition and, with it, a cash prize of US$10,000, following an intensive week-long judging process that saw a total of 24 companies representing countries, including the UAE, UK, US, Japan, South Korea, Sweden and Switzerland, pitch over the opening three days, with the final pitches taking place today, Thursday 30 January. Hera Health Solutions leverages advanced nanotechnology and bioerodible polymers to create long-acting drug delivery systems. The platform uses FDA-approved materials, reducing regulatory hurdles and ensuring safety. In addition to the US$10,000 prize, Hera Health Solutions will also receive exhibition space for the 2026 edition of Arab Health. Using electrospinning, an advanced manufacturing process that allows for the precision layering of drug particles, Hera Health Solutions optimises dosage control and therapeutic release profiles. The company's CEO and co-founder, Idicula Mathew, said: "This technology is unique in its ability to deliver a range of therapeutics non-invasively, from small and large molecules, with flexibility for various delivery modes, such as implants and patches. These patented technologies enable Hera to redefine drug delivery, aiming for broader therapeutic access and improved outcomes." The judging panel included a renowned number of investors, entrepreneurs and medical experts; among them were Elsa Hyland, angel investor, start-up advisor, mentor, and board executive; Reenita Das, Partner, Senior Vice President, Healthcare and Life Sciences, Frost & Sullivan; Pilar Fernandez Hermida, Founder, i-Expand; Susan Amrat, CEO, Venture Hive; and James Mault, CEO BioIntelliSense. Finalists on the day includedJapan's Co Ltd, who showcased the Microsurgery Assist Robot, a robotic microsurgery system which assists delicate tool handling of microsurgery, SMARTSOUND Corporation, is a leading healthcare IT company that develops smart IoT-based sensory devices to provide customised healthcare solutions. They were joined by Flow Neuroscience, developers of a non-invasive headset that helps people improve their depression through innovative brain-stimulation treatment that patients can use in their own homes, which is purpose-built for medical tourism and designed with deep industry knowledge to meet the unique needs of hospitals and patients and Avid Health, a human-centred, digital-first healthcare company, working with partners big and small to deliver evidence-based care programmes that have real, measurable impact on people's health. Rounding out the finalists were Venture Hive's Myri technology, which is rooted in prevention, leveraging AI-powered personalisation and predictive analytics to identify risks early and provide proactive, evidence-based solutions for maternal health, and Ophthorobotics, which addresses the issues of chronic ophthalmic diseases through modern Robots and AI-assisted technology. Ross Williams, Exhibition Director for Informa Markets, said: "I'd like to congratulate all our finalists, particularly Hera Health Solutions – their groundbreaking solutions embody the spirit of innovation and progress that Arab Health champions. Today, every one of our finalists is driving the future of healthcare, and we are proud to provide a platform that nurtures transformative ideas and redefines the future of healthcare as we know it.' Elsewhere, on the final day of Arab Health's 50th-anniversary edition, the 2025 Future Health Summit explored the transformation of healthcare delivery in the UAE, addressing key questions, concerns and opportunities surrounding the impact of AI. The international keynote session was hosted by Dr Scott Penberthy, Senior Director, Applied AI, Office of the CTO, Google USA who discussed 'How AI links fun to lifesaving discoveries'. Following this, Dr Taha Kass-Hout, Global Chief Science and Technology Officer, GE Healthcare, addressed 'AI's mega impact on health'. Arab Health concludes today, Thursday, 30 January, at 5 pm, and returns to Dubai in 2026 under the rebranded name WHX Dubai from 9 – 12 February at the Dubai Exhibition Centre. About Arab Health Arab Health is the largest healthcare event in the Middle East and is organised by Informa Markets. Established 50 years ago, Arab Health provides a platform for the world's leading manufacturers, wholesalers and distributors to meet the medical and scientific community in the Middle East and subcontinent. Arab Health Congress is reputed for delivering the highest quality Continuing Medical Education (CME) Conferences to medical professionals in the region. Arab Health 2025 will take place from 27 - 30 January 2025 at the Dubai World Trade Centre, Dubai, United Arab Emirates. Website: Facebook: Twitter: @Arab_Health #ArabHealth Linkedin: Arab Health Forum Instagram: @arabhealthonline Media contact: JAMES LAKIE General Manager E-mail: Office 3208, Indigo Icon TowerCluster F, Jum eirah Lakes Towers PO Box 502701 | Dubai, United Arab Emirates Website: A member of the ECCO Communications Network
