PE-VC Fund Investments
Flexi-workspaces aggregator Stylework raises Rs.30-Cr led by Equentis Angel Fund
Gurugram-based Stylework has raised INR 30 crore (USD 3.4 million) in a pre-Series B funding round led by Equentis Angel Fund, at a pre-money valuation of INR 250 crore, with participation from Karekeba Ventures, Cogniphy AIF Fund, and existing investors such as LetsVenture Fund and MoneyVyapaar.This round follows a previous fundraise of about USD 3 million from Inflection Point Ventures, ah! Ventures, and Sprint VC.Founded in 2016 by Sparsh Khandelwal, Stylework aggregates flexible workspaces through its online platform, offering co-working memberships, private offices, and managed spaces. The platform lists over 4,000 co-working and managed offices from more than 650 operators across 125 cities.The startup plans to deploy the new capital to strengthen its technology stack and expand operations across India and the Middle East. It will also use the funds to scale its AI-led aggregation systems for listings and develop ARBI (air conditioning, raised flooring, blinds, and interior) solutions to streamline commercial office space visits.Stylework is also looking into acquisitions in India and the Middle East. It has already expanded to Australia.
In Mar 2023, Stylework had attracted about USD 2 M from Capri Global Holdings and Qi Ventures.
Want to receive such news items in your inbox? Click Here to sign up for a trial.
