In brief: Oyo acquires Singapore co-working space Innov8

Diversifying from the hotel and long-term lodging business, Oyo has acquired Singapore co-working space Innov8, sources said. Oyo, which has more than US$1.1 billion in its balance sheet, reportedly spent between 1.5 billion (US$21.6 million) and 2 billion rupees (US$28.

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