ABL Workspaces, a Co-working operator, has raised Rs 15 crore from Canada-based Ethik Inc. as part of its Series A funding round.

The co-working startup plans to use the freshly raised funds to expand its seating capacity and centres in the Delhi-National Capital Region. The startup aims to expand its seating capacity to 15,000 by 2023 from 2,470 at present. It also intends to develop the team and its technology.

ABL Workspaces | Putting Ideas To Work

Founded in December 2017, ABL Workspaces has nine centres in Delhi NCR that caters to several leading brands, including Kotak Mahindra Bank, Netambit, Ariston Thermo (Racold), Clovia and Simba beer. 

Speaking on the development, Akshita Gupta, Co-founder and CEO of ABL Workspaces,

“I believe the funding will help us to transform the perspective — 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.”

The success of co-working startups in the past few years is because of the shift towards more accessible, flexible and affordable working spaces. In 2020, the disruptions caused by the pandemic forced people to work from home, and it affected the sector.

But as per the co-working startup, they have witnessed an increase in clientele. The co-working startup has seen a 20-50% clientele surge in the past six months. 

Talking about the co-working space, Deepak Goel, Founder at Ethik Inc, said,

“We believe that co-working is a game-changer for the entrepreneurial community. The segment is promising and has attracted the attention of potential investors. ABL Workspaces offers cost-effective, premium, tech-enabled co-working spaces.” 

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