ABL Workspaces, a premium co-working space provider, has secured Rs 5 crore in the Pre-Series A round from a Canadian Investment Firm – Wurk.
The freshly raised funds will be used to fortify the operations of the company in the capital region.
Kautilya Pundir, Co-Founder and Chief Growth Officer, ABL Workspaces, said, “The funds received will help us expand our presence, at a time, when many offices have opened, and they are now looking for affordable, sanitised and productivity-enhancing spaces to work out of. We are geared up for our journey ahead and are hoping to add more locations and double our seat count by March 2022.”
“We believe that co-working is going to boom again to support not just small and medium businesses but also enterprises in India. We see this as a huge growth opportunity and therefore by providing the capital, we hope to partner with them as they become one of the leading players in Delhi NCR with their best in class services and affordable fee structure,” said a spokesperson from Wurk – Barbara Holding.
ABL is a co-working space that came into existence in 2017 with its first space in Green Park, New Delhi. It started with a team of 5 members which has now grown to a team of 80 employees.
In a span of just 2 years, ABL claims to be the home to 80% established corporate and 20% start-ups along with freelancers in 8 locations all over Delhi/NCR.
Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.