Overview

• Innov8 sold 3% of its equity at a Rs 1,000 crore valuation with Raymond Family Office acquiring almost 2% as the lead investor
• In January 2025, the company raised Rs 110 crore from family offices of Gauri Khan, Mankind Pharma, Rupa Group and Jagruti Dalmia at the same valuation
• Occupancy has exceeded 90% at Innov8’s more than 30 centres across 10 Indian cities
• Profit after tax jumped to Rs 62 crore in FY 2023-24 from Rs 2.5 crore in the previous year
• Parent OYO Group, which manages over 150,000 hospitality outlets worldwide, is exploring a potential IPO valuing it at around $7 billion