GoFloaters, a Chennai-based hybrid workplace platform, has raised an undisclosed amount in a seed funding round from Loyal VC, a Canada-based global venture fund with investments in more than 50 countries.

As per the startup, the raised funds will be used to expand and boost its unified hybrid workplace solution, WorqFlexi. It is planning to expand to Tier II and III cities, especially in Northeast and central India.

GoFloaters | Pay-per-use Offices For Teams

Founded by Shyam Sundar Nagarajan and Srivatsan Padmanabhan in 2017, GoFloaters is an office space discovery platform that offers low-cost coworking desks with work cafes, allowing teams to work and collaborate in person from anywhere.

The office space discovery platform aims to foster a dynamic and vibrant community of startups, entrepreneurs, freelancers and business professionals.

Speaking about the development, Shyam Sundar Nagarajan, Co-founder and CEO of GoFloaters, said,

“After the pandemic, the concept of workplaces has transformed. Today, after the pandemic, the employees have gone back to their hometowns. We provide them with plug-and-play workplaces in their hometowns.”

The Chennai-based startup claims to offer over 2000 on-demand coworking spaces, meeting rooms and long-term offices in over 40 Indian cities. It has a presence in almost all Tier I cities, including Bengaluru, Chennai, Mumbai, Hyderabad, NCR-Delhi and Pune and some Tier II cities as well.

In Chennai, GoFloaters has partnered with 80 coworking places, while in Bengaluru, it has tied up with 94 coworking places.

As per Shyam, the startup currently is growing at a rate of 100 percent month-on-month. He added that GoFloaters has partnered with over 250 coworking providers, including 91Springboard, WeWork, Indiqube, Cowrks, AWFIS, and Oyo. The Chennai-based hybrid workplace platform plans to invest part of the funds in expanding its tech-based platform.

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