OYO has been on an expansion spree globally as well as locally. While the SoftBank-backed firm has been expanding its core hospitality business in various overseas markets. It’s making debuts in several segments such as event management, co-living, foodtech, and co-working in India.
Amidst finalizing the deal with coworking space provider Innov8. OYO is launching its own mid-scale coworking brand, PowerStation. According to sources, the company will be opening up multiple centers in Delhi (NCR) and Bengaluru over the next 6 months.
“OYO’s first centre is a 500 seater property in Pioneer Park, Golf Course Extension Road (Sector 61) in Gurugram,” said two companies that have reserved space for their employees. Sources requested anonymity as they don’t want to be identified.
PowerStation by OYO is offering customized services, private offices, and virtual working spaces.
The news has also confirmed the presence of the property in Gurugram independently. We spotted PowerStation branding in Pioneer Park that says it’s launching soon.
Four weeks ago, news had exclusively reported that OYO is in advanced talk to acquire Innov8. “Team Innov8 has been driving the coworking vertical for OYO,” outlined one of the above sources.