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.
India has witnessed a huge boom of coworking and business workspaces in recent years. According to the Economic Times, coworking spaces are set to enter a new growth phase.
But coworking spaces are not just for budding entrepreneurs and freelance workers. The coworking spirit of collaboration and innovation has come to the attention of the tech giants as well. Employees from companies like Google, Microsoft, and Amazon are now allowing some of their employees to work from coworking spaces to leverage collaboration and networking.
Aside from offering space for collaboration and innovation, here are some of the reasons why business workspaces and coworking spaces are thriving in India: