Latest news with #RiteshMalik
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Business Standard
14 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
14 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.
United News of India
26-05-2025
- General
- United News of India
Sadhguru Receives 'Global Indian Of The Year' Award from Canada India Foundation
Pune, May 26 (UNI) Renowned Indian mystic Sadhguru has been awarded the Global Indian Award 2025 by the Canada India Foundation (CIF) for his outstanding contributions to elevating human consciousness and advancing ecological efforts through the Conscious Planet movement. This prestigious honour recognises individuals of Indian origin who have made a significant global impact, said a press release on Monday. Originally announced in October 2024, the award was formally presented on May 22, 2025, in Toronto Chair Ritesh Malik and National Convenor Sunita Vyas, in the presence of Indo-Canadian leaders, entrepreneurs, and community members. Alongside the award, a CAD 50,000 prize was conferred upon Sadhguru, which he dedicated to Cauvery Calling, an initiative to revitalise the river Cauvery and transform the lives of 84 million people. UNI SP SSP
Time of India
26-05-2025
- General
- Time of India
Sadhguru conferred with ‘Global Indian of the Year' award by Canada India Foundation
NEW DELHI: Spiritual leader and Isha Foundation founder Sadhguru was conferred the 'Global Indian of the Year' award by the Canada India Foundation (CIF). The award recognised his contributions to raising human consciousness and promoting ecological sustainability through the Conscious Planet movement. Tired of too many ads? go ad free now The award, which includes a CAD 50,000 cash prize, was formally presented at a ceremony in Toronto on May 22. The event was attended by Indo-Canadian leaders, entrepreneurs, and members of the community. CIF Chair Ritesh Malik and National Convenor Sunita Vyas presented the award. Sadhguru dedicated the prize to the ' Calling' initiative, which aims to revitalise the Cauvery River and improve the livelihoods of millions of people in the region. The project supports large-scale tree planting efforts in the river basin. The award had been initially announced in October 2024. Speaking at the event, CIF chair Malik cited Sadhguru's work in addressing issues such as soil degradation, climate change, and mental health. Following the ceremony, CIF posted on social media platform X and said, 'Extremely grateful, on behalf of the Indo-Canadian community, to have Sadhguru accept the Canada India Foundation's Global Indian of the Year award last evening. Sadhguru's message resonates deeply: a conscious and compassionate humanity is the way forward.' The Canada India Foundation is a public policy think tank focused on strengthening Canada-India relations. Its Global Indian Award honours individuals of Indian origin who have made a significant impact globally.
Hindustan Times
23-04-2025
- Politics
- Hindustan Times
Kashmir terror attack: Indo-Canadian organisations condemn killing of civilians
Toronto: Amid silence from the Canadian government and political leadership, Indo-Canadian organisations condemned the massacre of civilians by terrorists in Kashmir on Tuesday. They reacted with shock and anger as details of the terror attack emerged. The Canadian Hindu Chamber of Commerce (CHCC) said, 'This incident is a tragic reminder of the ongoing threat faced by Hindu communities in conflict zones.' It urged Canadian leaders, international human rights organisations, and the global community to 'unequivocally condemn this atrocity, recognise the targeted nature of such violence, and take meaningful steps to ensure justice and protection for vulnerable communities'. The Coalition of Hindus of North America said it was 'horrified at this mindless slaughter and condemns it in the strongest terms'. 'We ask our lawmakers to publicly condemn this in the strongest terms and look for ways to put pressure on institutions, groups and individuals that nurture and promote this anti-Hindu hate,' it added. The Hindu Canadian Foundation described it as 'an utterly reprehensible act of barbarism'. 'This is an atrocious crime against humanity that demands universal outrage. It strongly condemned 'this monstrous attack and urgently calls on the Canadian government, legislators, and civil society to unequivocally denounce this violence. Inaction is complicity — justice requires immediate and resolute action!' it added. Reacting to the mass killing, Canada India Foundation chair Ritesh Malik said, 'This is high time that there is sincere collective responsibility among all nations and concrete actions taken to tackle terrorism in all forms.' The community is planning a protest over the weekend against the terrorist rampage and leaders said they will impress upon politicians to express solidarity as they seek votes ahead of the April 28 federal election. There were no statements from Canadian Prime Minister Mark Carney or his government, the Liberal Party or Conservative Party leader Pierre Poilievre till late on Tuesday night.
