IndiQube Raises $30 million in Funding from Promoters & WestBridge Capital

Flexible workspace provider IndiQube has raised $30 million in funding. The funding round saw participation from IndiQube’s promoters, investment firm WestBridge Capital and angel investor Ashish Gupta.

Out of $30 million, IndiQube’s promoters themselves, have infused $17 million.

Commenting on the development, Rishi Das, Cofounder of IndiQube says “We are extremely thrilled to have a large PE firm like WestBridge Capital investing with us once again and backing us on our mission to create personalized workspaces for everyone. This round reinforces our belief that we are on the right track to solve India’s CRE problem. Over the next two years, we plan to more than double our PAN India footprint to over 10 Mn Sq.Ft., venture into 15+ Tier II cities and further ramp up technology integration, creating a consistent experience for our clients.”

IndiQube today has over 5 Mn Sq.Ft. of office space in 60+ properties spread across 8 cities. They have recently forayed into Tier II, signing up over 1 Lac Sq.Ft. in Coimbatore. Citing the immense opportunity in this space, Meghna Agarwal, Cofounder IndiQube says, “COVID19 has accelerated the adoption of flexible workspaces across the globe. We had an amazing year adding 100+ clients to our portfolio with over 1.2 Mn Sq.Ft. in incremental signups. We now look forward to even more exciting times ahead and thank WestBridge Capital for being a consistent partner for IndiQube in its growth journey.”