India Accelerator Acquires MySoho To Deepen Startup Ecosystem Footprint
India Accelerator has acquired co
working operator MySoho in a cash-equity deal, in a move to strengthen its
physical infrastructure support layer for startups. MySoho currently operates
18 centres across 8 cities, offering over 90,000 sq ft of workspace and roughly
1,800 desks with occupancy at about 90 per cent, as per media reports.
The acquisition adds substantial
capacity to India Accelerator’s network bringing the total workspace under its
umbrella to 6,25,000 sq ft across more than 45 hubs in over 30 cities,
targeting 12,500 seats.
With this integration, India Accelerator aims to evolve from
just capital and mentorship provider to a “full-stack partner” for founders
adding offices with mentoring, investor connect, and startup clinics embedded within
co-working hubs.
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