Innov8, the co-working arm of OYO, has divested a 3% stake in its business, securing fresh capital at a valuation of Rs 1,000 crore to fuel its expansion plans. The Raymond Family Office emerged as the principal investor, acquiring nearly two-thirds of the stake on offer. This strategic move underscores the surging appetite for flexible workspaces, as corporates increasingly shift towards managed office solutions post-pandemic. Innov8, now profitable, aims to scale up to 100 centres by year-end, capitalizing on the growing trend.