Mumbai, April 6: Flexible workspace solutions provider IndiQube on Wednesday said it has raised USD 30 million from promoters and other investors to fund its expansion plans. With this round of funding of USD 30 million, which also saw participation from WestBridge Capital and angel investor Ashish Gupta, the company plans to double its office space portfolio to 10 million sqft and expand into Tier 2 cities, the company said in a statement issued here. Out of USD 30 million, IndiQube’s promoters themselves have infused USD 17 million. Commenting on the development, Rishi Das, Cofounder of IndiQube said, “Over the next two years, we plan to more than double our pan India footprint to over 10 million sqft, venture into more than 15 Tier II cities and further ramp up technology integration, creating a consistent experience for our clients.” IndiQube today has over 4.5 million sqft of office space in over 60 properties spread across eight cities. They have recently forayed into Coimbatore by signing up for over one lakh sqft space. Founded in 2015, IndiQube is India’s leading flexible workspace provider that provides accessible, affordable, and personalized workspaces keeping employee delight as its aim. (UNI)
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