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OYO Workspaces starts operations in Hyderabad with its latest Innov8 coworking centre in Gachibowli

Posted On: 2019-08-22 23:01:25

OYO Workspaces, India's fastest growing, multi-brand managed workspaces solutions provider is expanding its footprint in India and has forayed into the Hyderabad market with its new Innov8 centre. This new centre named as Innov8 Sreshta Marvel Hyderabad, is situated in Gachibowli, in the vicinity of Hitec City and has a capacity of over 700 seats. It is a beautifully crafted workspace with an industrial design language and is the latest addition to the company's 22+ coworking centres.

With 3 co-working brands operating across the economy, mid-scale and premium economy segments, namely Workflo, Powerstation and the recently acquired Innov8, OYO Workspaces is rapidly growing to 22+ centres, 15000+ seats across 10 cities in the country.

The Hyderabad centre will be a pivotal hub for businesses & entrepreneurs due to its location in the business district and proximity to leading shopping malls including Sarah City Capital, Atrium and SLN Terminus.

Hailed as the new hassle-free way of working, co-working empowers both independent professionals as well as small, medium & large companies to operate with comfort and flexibility. The new centre offers a meeting room starting at an introductory price of INR 600 per hour and a dedicated desk starting at an affordable price of INR 7999/- per month. Apart from private offices, multiple meeting rooms and dedicated spaces for large and small companies, Innov8's amenities include access to high speed wifi, complimentary tea, coffee and printer services round the clock, break-out zones, gaming and recreational spaces as well as a multi-cuisine cafeteria. At launch, the centre has already received bookings from leading brands and tech startups like Welspun Global Brands Limited, Wenable technologies Pvt ltd, Milkpos products Pvt ltd, Knowledgehut solutions Pvt ltd, Nowfloats technologies Pvt Ltd. etc.

Speaking at the opening, Rohit Kapoor, CEO, New Real Estate Businesses, OYO, said, "This is our first centre in the Hi-tech city of Hyderabad and we couldn't be more excited as we continue to expand across the country with our multi-brand approach. 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. We expect the 700+ seater Gachibowli centre to be the perfect choice for independent entrepreneurs as well as small, medium and large enterprises looking for a workspace that breaks the monotony of cubicles, tight structuring and bland designs. We have received an overwhelming response at launch and expect to keep setting new benchmarks for the industry."

Talking about the new centre, Dr. Ritesh Malik, Founder, Innov8, commented "We're extremely delighted to launch our first centre right in the heart of Hyderabad. Design has always been a key differentiator for us as well as our focus on building a community of professionals through our in-house networking and community events. From hackathons, music lessons to motivational talks, we expect to organise events on multiple themes in the Innov8 Hyderabad centre in the coming weeks. 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."

The centre features a sensational interior space that includes an ideation space, a cafe and lounge area, dedicated phone booths, a library along with space for community-focussed events. The centre also features a gaming area/break-out zone to ensure that work is never boring and induce a sense of community among professionals working under the same roof. OYO Workspaces aims to expand its presence to over 50 centres across India by the end of 2019. Like every OYO Workspaces centre, the new centre will offer a variety of amenities designed to provide a hassle-free, comfortable and productive experience to working professionals.


Source: Equity Bulls

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