Based out of Bengaluru, the co-working area provider called IndiQube recently raised $15 million through equity fundraising which was spearheaded by WestBridge Capital. Co-founder of Helion Ventures, Ashish Gupta, was also featured through the round of fundraising.
The startup plans to use the funds to strengthen its execution capabilities and expand aggressively across Bengaluru, Pune, Hyderabad, Chennai, Mumbai, and NCR.
Commenting on the development, Rishi Das, co-founder and chairman, IndiQube, said, “IndiQube embarked on this fabulous journey in 2015 with amazing like-minded people who believed in us and shared our vision of fulfilling the evolving work space requirements for startups and SMEs across the country. We are now very excited to have WestBridge Crossover Fund, one of the leading PE investors in India, partner with us to help build out this vision for work spaces of the future.”
Founded in 2015, IndiQube manages 25 office spaces located at prime locations, spread over a total of 1.4 Mn sq ft in Bengaluru.
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