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Property consultant Anarock acquires 75% stake in co-working firm myHQ for Rs.125-Cr

Economic Times  

Mumbai-headquartered property consultant Anarock has acquired a 75% stake in myHQ, a flexible workspace platform, in a cash and stock deal of INR 125 crore. Post-acquisition, myHQ will retain its brand. Utkarsh Kawatra and Vinayak Agarawal, both IIT-Delhi graduates who founded myHQ in 2016 will remain on board as founding partners. myHQ, headquartered in Delhi-NCR, claims to have over 50,000 subscribed members across 700+ spaces in 7 cities. It will spearhead Anarock's expansion into 20+ cities. myHQ also partners with cafes, coffee-shops and lounges and turns them into daytime coworking spaces to help them monetize their vacant inventory during the day.

From the Venture Intelligence PE-VC Deal Database: myHQ is backed by RB Investments,India Quotient, Outbox Ventures and Others.