IndiQube has raised Rs 100 crore of equity in a round led by WestBridge Capital. The round also saw participation by Ashish Gupta, co-founder of Helion Ventures, who serves on the advisory board of the company.
The funds from this round will be used to strengthen the company’s execution capabilities and the company’s aggressive expansion plans across Bengaluru, Pune, Hyderabad, Chennai, Mumbai, and NCR.
When you are in the startup stage of a business, you will be mostly working from home or a small garage, slowing making your way to coworking spaces and then plunging into dedicated, professionally managed workspaces with more number of employees and better investment. However, you cannot attain this growth overnight.
The exact phase when you can stop calling yourself a startup depends on a few qualitative and quantitative factors that enable teams to take independent decisions, thus influencing a startup to outgrow into a well-established business.
IndiQube, has leased 24,000 sq ft space in Baner, Pune.
The centre will have 300-350 seats and will be operational by June 2018, said Meghna Agarwal, co-founder of the company. It plans to maintain an average rent of Rs 9,000 per seat per month in this centre.
Shared workspace or the concept of coworking was not created out of the blue. Companies have long experimented with shared workspace and measured its impact on workers. Several studies have been conducted to measure its influence on productivity, communication, creativity, and community.
During the initial days of every startup, the challenges and the possibilities seem equally endless. While the journey itself will be different for each company, it remains that you will need to identify certain priorities and work towards achieving them or resolving them. Doing this will help determine the direction the success of your business will take.
Smart companies understand that workspaces are a business tool. An office environment reflects and reinforces a business’s core values, through the placement of different teams and functions and design elements that reflect culture, brand, and values.
For example, we’ve seen an explosion of open office layouts, in part because openness, transparency, and collaboration are some of the attributes companies strive for today. Sometimes these designs work well; however, research shows that this collaborative pushmay be too much of a good thing. Increasingly, people are rediscovering the value of quiet and focus and asking for spaces where they can concentrate.
At IndiQube, we value entrepreneurs and their thoughts for they form an important foundation in what we do. Through #TheFoundersWay, we get you up, close and personal with the entrepreneurs who are redefining businesses.
Prashant Prabhakar | Co-Founder & CEO at SoStronk