Hospitality company OYO has announced its multi-brand strategy to delve further into the real estate industry after acquiring coworking company Innov8.
Now, in addition to Innov8’s 21 workspaces, the firm has introduced the Powerstation and Workflow brands.
Powerstation is a mid-scale office brand, with one centre in Gurgaon that features over 1,000 seats. Workflow is a coworking brand that has four locations across NCR, Hyderabad, and Bangalore with over 1,500 seats.
“Armed with insights and technology, we are bullish on growth in the coworking space,” said Rohit Kapoor, CEO. “Given our experience in the hospitality industry and investment in core competencies that have helped us scale so fast in the hospitality, housing rental and banquet services business, we believe we are uniquely placed to leverage to create a strong offering for the corporates looking for space as a service.”