India Accelerator acquires co-working operator MySOHO to support startups

New Delhi, Sep 22 (PTI) India Accelerator (IA) has acquired co-working company MySOHO, which has 18 centres across 8 cities, in a cash-equity deal.

In a statement on Monday, India Accelerator said it has acquired MySOHO but did not disclose the deal value.

Currently, MySOHO operates 18 centres across 8 cities, offering over 90,000 sq. ft. of workspace with 1,800 desks at around 90 per cent occupancy.

Ashish Bhatia, CEO, India Accelerator, said, "The acquisition of MySOHO marks an important step forward in our journey to become a full-stack partner for startups. Founders need more than capital and mentorship — they need ecosystems that fuel creativity, collaboration, and resilience." MySOHO was founded by Tushar Mittal, Ashu Kapoor and Navneet Gill.

India Accelerator has set a target to expand co-working spaces to 45+ hubs across 30+ cities, covering 6,25,000 sq ft of workspace with a seating capacity of 12,500.

Each hub will host mentorship programs, investor connects, and startup-focused clinics, making it one of India’s most extensive founder-centric co-working ecosystems, the statement said.

According to real estate consultant Cushman & Wakefield, India is the largest flexible office market in APAC, with 79.7 million sq ft of stock across the top eight cities as of June 2025.

The total portfolio of co-working operators is expected to reach around 85 million sq ft by December this year and surpass 100 million sq ft by 2026, the consultant projected. PTI MJH MJH DR DR