Before WeWork took a giant dump on the coworking business all over the world, there was a small Indian company that got so lucky, lady luck squirmed.
Following the publication of this article, one of Innov8's 80-odd former investors wrote in to us, forwarding an email dated 3 July 2018, sent by the company's co-founder, Shailesh Gupta, alleging a range of financial and operational irregularities. The story has been updated below. Earlier readers can skip straight to the updated section by clicking here.
Additionally, after we updated this story with details of Shailesh Gupta's email to investors, Innov8 founder Ritesh Malik has also provided us with a document, essentially a “To Whom It May Concern” letter. It is reproduced in full in the story along with …
Ashish is the editor-in-chief of The Morning Context. One of the best-known business feature writers in India, he was selected for Germany’s Robert Bosch Stiftung Fellowship in 2012 and received the Mumbai Press Club RedInk certificate of recognition in 2015 for his story “Inside the Network 18 takeover”. Before joining The Morning Context, Ashish co-founded The Ken, where he was managing editor. His previous writing stints include Mint, Forbes India and The Economic Times.
Editor-in-chief
ashish@mailtmc.com
London