Co-working Aggregator Platform Stylework Raises $2 Mn Funding
Stylework, a Gurugram-based co-working aggregator platform, has raised $2 million (around Rs 16.3 crore) as a part of its Series A1 funding round that valued the company at $20 million.
Institutional investors, including Capriglobal Holdings, QI Ventures, and a few undisclosed family offices, participated in the round. The funding round also saw participation from existing investor WFC, along with iAngels Network, Sateeq Invest, Impactful Pitch structured syndicates, and some marquee industry mix global HNIs.
As per the startup, the freshly raised funds will help the platform to further grow its advanced flexible workspace aggregator technology and product for corporates.
Stylework | Co-working At Your Fingertips
Founded by Sparsh Khandelwal in 2016, Stylework offers flexible co-working space in over 80 cities across the country. The Gurugram-based startup claims to have over 250 business-to-business (B2B) corporates and 300 startups as a client portfolio.
Speaking on the development, Sparsh Khandelwal, Founder and CEO of Stylework, said,
“There is no doubt that the co-working spaces’ membership architectures still need lots of bundling work. To scale it and significantly impact the co-working industry in this amazing growing ecosystem in India, it needs our focused product’s attention to detail and deep integrations with our multiple supply co-working brand partners, and we will be diligently working towards the same.”
As per the startup, it has expanded its partnered co-working supply presence from three cities to ten and further to 50+ cities and currently operates in 80+ cities. In the initial years of 2017-19, Stylework adopted the flex discovery platform approach.
Operating on a B2B SAAS marketplace model, the Gurugram-based startup claims that it has more than 2500+ partnered co-working spaces on its platforms across India and is in partnership with 250+ all-category co-working and managed office operator brands.
Commenting on the development, Neeraj Tyagi, Co-founder and chief executive at We Founder Circle, said,
“With the rise of hybrid flexible work mode, there is a huge demand for flexible and managed workspace solutions, and Stylework has the potential to revolutionize the way companies will formulate their flex workspace strategies.”
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