OYO looking to buy Innov8 and enter coworking sector

OYO Rooms will become an all-in-one real estate leasing company thanks to acquisition

Indian hotel chain giant, OYO is looking to enter the coworking spaces market by buying out coworking company Innov8. The flexible work spaces aggregator is already in four Indian cities, and its success in the co-working space means that the acquisition will secure a spot in the sector for OYO to settle into.

But wait! Is this a rumor?

As per reports, OYO spokesperson, as well as Innov8’s co-founder Ritesh Malik, both have denied this news.

What is the truth?

OYO: Two Sides of the Same Coin

OYO is already a leading platform that acts as a mediator between customers and hotel or room owners. It is also finding out new ways to gain popularity, take for instance exclusive budget brand dedicated to women, OYO WE.

While the darker side of OYO has recently been revealed where hotel owners federation boycotted OYO for offering deep discounts to customers and arbitrary changes in contracts. Also, there was the controversy of protection of users’ privacy which dragged OYO’s name in the mud again.

Read more here

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