Indian hospitality company OYO has purchased Innov8, a co-working space provider, for around $30 million.

With the completion of the deal, Innov8 has now become a part of OYO Workspaces, a new unit recently launched by OYO.

Additionally, OYO Workspaces aims to expand its presence to over 50 centres across India by the end of 2019.

In October last year, Innov8 secured $4 million in a pre-Series A round led by Indian multi-family office platform Credence Family Office.