OYO Workspaces ventures into Hyderabad with its new Innov8 centre
OYO Workspaces, the part of OYO group, has forayed into the Hyderabad market with its new Innov8 centre. Located in Gachibowli, the co-working centre has a capacity of more than 700 seats.
With this addition, OYO Workspace now has 22 centres with over 15,000 seats across 10 cities in India. It has three co-working brands, namely Workflo, Powerstation, and Innov8, which cater to the economy, mid-scale and premium economy segment.
OYO Workspaces is eyeing to double its footprint to more than 50 centres across India with a total seat count of around 35,000 by the end of 2019.
Rohit Kapoor, CEO, New Real Estate Businesses, OYO, said, “This is our first centre in Hyderabad. With the demand for co-working spaces on the rise in Hyderabad, we will continue to upgrade various forms of real estate and rapidly transform them into efficient, connected and beautiful workspaces.”
Ritesh Malik, Founder of Innov8, added, “We expect this space to emerge as a favourite hotspot among working professionals here. Hyderabad is famous not just for its food and heritage, but also for its work culture and diversity and we couldn’t have chosen a better place to expand our portfolio.”