The flexible workspace provider, plans to use the proceeds, to double its PAN India CRE footprint, venture into Tier II cities & to ramp up technology integration
India’s preferred flexible workspace provider IndiQube has raised $30 million in funding, in an apparent indication to the company’s next phase of growth. 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 themselves, have infused $17 million, clearly showing that they are extremely bullish and confident about the future potential of their business.
Commenting on the development, Rishi Das, Cofounder of IndiQube says “We are extremely thrilled to have a large PE firm like WestBridge Capital investing with us once again and backing us on our mission to create personalized workspaces for everyone. This round reinforces our belief that we are on the right track to solve India’s CRE problem. Over the next two years, we plan to more than double our PAN India footprint to over 10 Mn Sq.Ft., venture into 15+ Tier II cities and further ramp up technology integration, creating a consistent experience for our clients.”
IndiQube today has over 5 Mn Sq.Ft. of office space in 60+ properties spread across 8 cities. They have recently forayed into Tier II, signing up over 1 Lac Sq.Ft. in Coimbatore.
Citing the immense opportunity in this space, Meghna Agarwal, Cofounder IndiQube says, “COVID19 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 Mn Sq.Ft. in incremental signups. We now look forward to even more exciting times ahead and thank WestBridge Capital for being a consistent partner for IndiQube in its growth journey.”
Founded in 2015, IndiQube is India’s leading flexible workspace provider that provides accessible, affordable, and personalized workspaces keeping employee delight at its heart. Leveraging its inhouse technology platform MiQube, IndiQube provides a smart building experience, catering to the evolving needs of thriving startups, Offshore Development Centers and large enterprises, PAN India.
Marquee clients like Myntra, Philips, Hitachi, Eli Lilly, Mahindra Logistics, Standard Chartered, Enphase, Allegis, Slice, Unacademy, UpGrad, Ola, Cars24, Chargebee, Fivetran, MakeMyTrip, Tata Digital, Navi Technologies, Observe.AI, Zolve, Shuttl, LendingKart, Brillio, NoBroker, Tracelink, Toshiba, Zest amongst many others have chosen IndiQube as their preferred workspace platform.
