IndiQube, a flexible workspace provider, has raised $30 million in funding from its promoters, WestBridge Capital, and angel investor Ashish Gupta. The promoters have put up $17 million out of $30 million.
It plans to use the funds to double its commercial real estate footprint across India, expand into Tier-II cities, and improve technology integration.
Rishi Das, the co-founder of the company, said, “Over the next two years, we plan to more than double our PAN India footprint to over 10 million sq ft, venture into 15+ Tier II cities and further ramp up technology integration, creating a consistent experience for our clients.”
It has expanded into Coimbatore, signing over 1 lakh sq ft of space.
“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.
The company, founded in 2015, already has over 4.5 million sq ft of office space split among 60+ locations in eight cities.
