The money it has raised will be directed to double its PAN India commercial real estate presence, get started in Tier II cities and also to ramp up technology integration.
IndiQube, a premier flexible workspace provider, has successfully raised $30 million in funding from the company’s promoters, WestBridge Capital and Ashish Gupta, angel investor. $17 million out of total of $30 million has been infused by the promoters.
The company has decided to use the proceeds to double its PAN India commercial real estate presence, venture into Tier II cities and to ramp up technology integration.
Rishi Das, co-founder of the company in his statement 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.”
IndiQube hasIt recently stepped into Coimbatore market by signing up over 1 lakh sq. ft. “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 of the company.
Founded in 2015, the company has over 4.5 million sq. ft. of office space in 60+ properties spread across eight cities.