IndiQube raises $30 million from promoters & WestBridge Capital

NEW DELHI: IndiQube, a flexible workspace provider, has raised $30 million in funding from the company’s promoters, WestBridge Capital and Ashish Gupta, angel investor. Out of $30 million, the promoters have infused $17 million.

It plans to use the proceeds, to double its PAN India commercial real estate footprint, venture into Tier II cities and to ramp up technology integration.

Rishi Das, co-founder of the company said, “Over the next two years, we plan to more than double our PAN India footprint to over 10 million sq ft, venture into 15+ Tier II cities and further ramp up technology integration, creating a consistent experience for our clients.”

It recently forayed into Coimbatore, signing up over 1 lakh sq ft. “We had an amazing year adding 100+ clients to our portfolio with over 1.2 million sq ft in incremental signups,” said Meghna Agarwal, co-founder of the company.

Founded in 2015, the company has over 4.5 million sq ft of office space in 60+ properties spread across eight cities.