Bowne & Co. Q3 revenue up 15% YoY, EPS improves.

• Bowne & Co. reports Q3 2006 revenue up 15% to $175.1 million. • Earnings per share from continuing ops improve to $0.01. • 2006 Q3 revenue increase driven by digital data services. • Company sees growth in financial and marketing communications services. • Bowne & Co. plans to expand digital data offerings. • Bowne & Co. aims to leverage digital data expertise in new markets.

OYO-owned co-working firm Innov8 has sold a 3% stake in the company to investors at a valuation of Rs 1,000 crore to expand its flexible workspace business [1]. Raymond Family Office has emerged as the lead investor, acquiring nearly 2% share. This move comes amidst rising demand for flexible office spaces, driven by the post-COVID pandemic shift towards remote work and the preference of corporates for co-working centers to save on capital expenditure [1].

Founded in 2015 by Ritesh Malik, Innov8 currently has more than 30 centers across 10 cities in India, including Delhi, Gurugram, Noida, Mumbai, Pune, Chennai, Bengaluru, Ahmedabad, Hyderabad, and Indore. The company reported a profit after tax of Rs 62 crore for the 2023-24 fiscal year, a significant improvement from Rs 2.5 crore in FY23 [1]. Innov8 aims to reach 100 centers by the end of 2025, further expanding its footprint in the co-working market [1].

In January 2025, Innov8 raised Rs 110 crore from investors, diluting 10% of its equity to high-profile investors including family offices of Gauri Khan, Mankind Pharma, Rupa Group, and Jagruti Dalmia [1]. This latest funding round will enable Innov8 to accelerate its growth plans and capitalize on the growing demand for flexible workspace solutions.

References:
[1] https://economictimes.indiatimes.com/tech/technology/oyo-owned-innov8-sells-3-stake-at-rs-1000-crore-valuation-to-expand-co-working-business/articleshow/121970643.cms