PE Fund Investments
Co-working space provider IndiQube raises $30-M from promoters, WestBridge Capital
Bengaluru-based flexible workspace provider IndiQube has raised USD 30 million in Series B funding, from the company's promoters (who contributed USD 17 million), existing investors WestBridge Capital and Ashish Gupta. IndiQube, founded in 2015, currently has over 4.5 million sq ft of office space in 60 properties across eight cities. It has recently entered Tier II locations, signing up over one lakh sq ft space in Coimbatore. Its tenants include Myntra, Philips, Hitachi, Eli Lilly, Mahindra Logistics, Standard Chartered, Slice, Unacademy, UpGrad, Ola, Cars24, Tata Digital, and Navi Technologies.
From the Venture Intelligence PE-VC Deal Database: In June 2018, IndiQube had attracted INR 100 crore from WestBridge Capital and Ashish Gupta (co-founder of Helion Ventures) in a Series A funding round. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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