The inexplicable deceit of Innov8

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.

Ashish K. Mishra

Mumbai

04 March 2020

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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 Shailesh Gupta’s initial email that had been provided to us by a former Innov8 investor. Readers can skip ahead to the relevant section by clicking here.

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The investor chuckles. Not the hearty chuckle

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