ABL Workspaces raises $1.9 million in Series A round of funding
- ByTejika Bajaj | December 1, 2021
Delhi NCR based co-working and flexible working space provider ABL Workspaces has recently raised INR 15 crore ($1.9 million) in its Series A round of funding led by Canada based Ethik Inc.
The recently infused capital would be utilized by the startup to expand its seating capacities and centres across the capital region. Additionally, it also aims to expand its team size and develop technology for significant functioning. The company plans to expand from 2470 to 15000 seats by the year 2023.
Expressing delight over the recent infusion of capital, the co-founder and CEO of ABL Workspaces, Akshita Gupta said, “We are delighted to announce Ethik Inc Capital as our funding partners. I believe the funding will help us to transform the way occupiers look at office space in the future. “We look forward to expanding our seating capacities to accommodate more businesses. The fresh capital will enable us to strengthen our team and technology more efficiently. Our commitment to providing premium services to our clients helps us in sustaining their trust in our model and company.”
Founded in 2017, ABL Workspaces is a co-working and flexible working space provider based in Delhi NCR. The company currently has 9 centres across the country capital and has registered a surge in its clientele by 25% month-on-month. The startup caters to renowned brands such as Ariston Thermo (Racold), Kotak Bank, Netambit, Clovia, Simba beer among others.
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