Flexible workspace provider IndiQube raises $30 mn to double India footprint


New Delhi, Apr 6 (IANS): Flexible workspace provider IndiQube on Wednesday said it has raised $30 million, as it aims to more than double its Pan-India footprint in the next two years.

The funding round saw participation from IndiQube's promoters, investment firm WestBridge Capital and angel investor Ashish Gupta.

Out of $30 million, IndiQube's promoters have infused $17 million, said the startup.

"Over the next two years, we plan to more than double our pan-India footprint to over 10 million square feet venture into more than 15 tier-II cities and further ramp up technology integration, creating a consistent experience for our clients," said Rishi Das, co-founder of IndiQube.

IndiQube currently has over five million square feet of office space in more than 60 properties spread across 8 cities.

"Covid-19 has accelerated the adoption of flexible workspaces across the globe. We had an amazing year adding 100+ clients to our portfolio with over 1.2 million sq ft in incremental signups," said Meghna Agarwal, co-founder, IndiQube.

Founded in 2015, IndiQube is leveraging its in-house technology platform MiQube, catering to the evolving needs of thriving startups, offshore development centres and large enterprises.

The flexible workspace provider said it will now venture into tier 2 cities and ramp up technology integration.

 

  

Top Stories


Leave a Comment

Title: Flexible workspace provider IndiQube raises $30 mn to double India footprint



You have 2000 characters left.

Disclaimer:

Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.