FirstUp, which is Chhattisgarh’s largest coworking space with 250+ operational seats and an occupancy of 70% plus, has just raised its seed round of Rs. 2 crores at a valuation of Rs. 20 Crores from a bunch of angel investors from India Angel Fund.
Karan was attending the CHESS Startup event at Rungta College Bhilai and took the initiative to approach Rahul Narvekar who was a speaker at the event. Mr. Narvekar then called him to Delhi and connected him to a bunch of Angels and mentored Karan on his pitch and business plan, which helped him secure his investment, as per the statement.
A first generation entrepreneur, Karan saw the opportunity early this year and started FirstUp with a small centre of 2000 Sq Ft in Civil Lines, a statement said.
Today, FirstUp has 250+ seats in Civil Lines just next to the Governor House and is expanding into a full fledged building with about 750+ seats coming soon.
Having managed offices and flex spaces in its service portfolio, FirstUp serves enterprise clients, small businesses and individuals as well.
Also, Karan plans to expand with more centres in the city soon and also other areas in the state and other states.
Coworking in India has seen a massive revival post COVID with Wework India being the only bright spot amongst the global meltdown. This is especially true in the fast-growing Tier-2, Tier-3 and beyond cities of India, the statement said.
Karan is looking at partnerships with real estate players for future growth and also looking to hire talent for community building and partnerships, a statement said.
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