Co-working firm ABL Workspaces on Friday said it has raised an undisclosed amount in angel funding from Great Point Capital LLC, Chicago.
The funds will be utilised to strengthen the company's presence in the capital region to 15,000 seats across 50 centres by the end of FY21.
Founded in December 2017, ABL Workspaces currently has nine centres in Delhi NCR with 2,500 seats. Its clients include Bira 91 Beverages, Etsy, Livspace, Truly madly, Petrofac and Cynesis among others.
"The funding has come on the accurate time which will help us in going live with 15 number of centres by June 2020. We have witnessed an immense growth in our business and clientele," ABL Workspaces co-founder and CMO Akshita Gupta said in a statement.
She added that the company aims to acquire maximum space in Delhi-NCR with 15,000 seats and 50 centres by the end of FY21.
*
*
*
* LetsTransport acqui-hires Pixlcoders *
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app