OYO launches co-working arm, eyes 50 centres

New Delhi: Hopitality services provider OYO on Tuesday launched OYO Workspaces, its business unit for co-working spaces, which will include Powerstation and Workflo and the recently acquired Innov8.
Led by Rohit Kapoor, CEO, New Real Estate Businesses, OYO Workspaces is a workspaces solutions provider, designed to meet the needs of over 80 per cent of the working population in the country.
OYO Workspaces starts operations with over 21 workspaces, more than 15,000 seats across over 10 cities and aims to expand its footprint to over 50 centres by the end of year.
“Of these, Innov8 is spread across six cities of Delhi, Noida, Gurgaon Bengaluru, Chandigarh and Mumbai, with 16 centres hosting over 6000 employees of brands, like Swiggy, Paytm, Pepsi, Nykaa, OLX and Lenskart,” OYO said.
Powerstation had one centre in Gurugram with over 1,000 seats and Workflo had set up 4 centres across NCR, Hyderabad and Bangalore with a hosting capacity of over 1,500 seats, it added.
“Given our experience in the hospitality industry and investment in core competencies that have helped us scale up so fast in the hospitality, housing rental and banquet services business, we believe we are uniquely placed to create a strong offering for the corporates looking for space as a service. I am particularly thrilled to welcome Innov8 team into the OYO family. It’s a partnership, which has incredible potential,” Kapoor said. (IANS)