[bctt tweet=”Hospitality company Oyo has announced its entrance into the coworking industry following its acquisition of flexible office firm Innov8 for about $30 million.” username=”allwork_space”]
Currently, Innov8 has 16 locations across six cities in India and Oyo wants to expand that number to 21 centers with 15,000 seats across 10 cities.
The company plans to operate three different coworking brands that cater to a variety of customers.
As it enters into this booming industry, Oyo will have to adopt the industry’s business-to-business model rather than its own traditional business-to-consumer model.
In order to be successful, Oyo will have to stand apart from its numerous competitors such as WeWork and swiftly operate the business in a new way.