DMD Advocates advised Innov8 Workspaces India Limited (formerly known as Oyo Workspaces India Private Limited), a company providing flexible workspace solutions under the brand name “Innov8,” and its shareholder, Oyo Hotels and Homes Private Limited (subsidiary of Oravel Stay Private Limited), in a secondary sale and primary investment by InCred Wealth and Investment Services Private Limited in Innov8 Workspaces India Limited. The funding round was priced at a valuation of INR 1,000 crore. While the deal size remains confidential, it exceeds USD 10,000,000.

The transaction was led by Pallavi Puri (Partner), along with Shubhangi Bhatnagar (Principal Associate) and Arnav Mithal (Associate), under the guidance of Rashi Dhir (Senior Partner & Head of Corporate) and the corporate leadership of Rakesh Prusti (Group General Counsel, OYO Group) and Anshuman K Singh (AVP Legal, OYO Group).

Source: DMD Advocates’ LinkedIn Page