Dr. Ritesh Malik’s journey from a medical professional to a pioneering entrepreneur exemplifies the dynamic spirit of India’s startup ecosystem. As the founder of Innov8 Coworking, he has significantly influenced the way modern India approaches workspaces, fostering collaboration and innovation.
Early Life and Educational Background
Born in 1989, Ritesh Malik pursued his Bachelor of Medicine and Surgery (MBBS) from Dr. M.G.R. Medical University in Tamil Nadu, India. During his medical internship at Ganga Ram Hospital, he discovered a passion for entrepreneurship, leading him to explore courses in marketing and innovation at the London School of Economics and Harvard University.
The Genesis of Innov8 Coworking
In 2015, driven by a desire to cultivate a vibrant entrepreneurial community in India, Malik founded Innov8 Coworking. The venture aimed to provide dynamic workspaces that foster creativity and collaboration among freelancers, startups, and corporates. Innov8’s inaugural space was uniquely established in a heritage building in Delhi’s Connaught Place, reflecting Malik’s commitment to blending tradition with modernity
Innov8’s innovative approach quickly gained traction, leading to its selection by Y Combinator in 2016. The company expanded to over 13 cities across India, managing more than 1.25 million square feet of workspace. In 2019, Innov8 was acquired by OYO, marking a significant milestone in India’s coworking industry
Beyond Innov8: Investments and Philanthropy
Post-Innov8, Malik established Nebula Holdings, a family office focusing on investments in public equities, private startups, and real estate. As an angel investor, he has backed over 125 startups, including notable names like Josh Talks, Ketto, and Agnikul Space.
His philanthropic endeavors are equally commendable. Malik co-founded Plaksha University in Mohali, Punjab, aiming to redefine engineering education in India. He also serves on the board of NSUIT and co-founded Accelerate India Philanthropy, promoting philanthropic efforts among Indian family offices.
Recognition and Legacy
Dr. Malik’s contributions have earned him accolades such as Forbes Asia 30 Under 30 (2016) and Fortune India’s 40 Under 40 (2018). His journey from medicine to entrepreneurship underscores the transformative power of vision and determination in shaping India’s future.
