Workspace provider IndiQube raises ₹100 cr.
IndiQube, a smart workspace solutions provider, announced that it had raised ₹100 crore ($15 million) of equity in a round led by WestBridge Capital, an investment firm managing more than $2.5 billion in capital. The round also saw participation by Ashish Gupta, co-founder of Helion Ventures, who serves on the advisory board of the company. The firm said the funds from this round would be used to strengthen the company’s execution capabilities and fund its expansion plans across Bengaluru, Pune, Hyderabad, Chennai, Mumbai and NCR. “Today, our workspaces not only appeal to the new age workforce but also address business requirements of companies across segments more effectively,” said Rishi Das, co-founder and chairman, IndiQube, in a statement. Since its inception in 2015, IndiQube said it has been home to top emerging startups, brands and companies such as redBus, Bluestone, FreshMenu and NoBroker.
