India, Jan. 28 -- OYO-backed coworking space Innov8 has closed its primary funding round of INR 110 Cr ($12.7 Mn), led by a clutch of prominent family offices, at a valuation of INR 1,000 Cr.

The family offices that participated in the round included Mankind Pharma, Gauri Khan, Rupa Group and Jagruti Dalmia.

The company diluted 10% of its stake, facilitated by InCred, to raise the capital. It said in a statement that the issue was oversubscribed by 2.7X.

(The story will be updated soon)

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