Innov8 Sells 3% Stake at Rs 1,000 Crore Valuation to Raymond Family Office

While everyone's debating whether remote work killed the office, Innov8 just pulled off a neat trick: selling a 3% stake at a cool Rs 1,000 crore valuation to the Raymond Family Office. That's right, the textile folks are getting into the coworking game, proving that even traditional businesses know a good workspace opportunity when they see one.

The math here is refreshingly straightforward. Innov8 took Raymond's money and announced plans to double their footprint to 100 coworking centers across major Indian cities this year. It's like watching someone bet big on the idea that people still n...