The company plans to utilise these funds to strengthen their operations across Delhi NCR and double the seating by March 2022.
9th February 2021: ABL Workspaces, a co-working space known for its premium interiors and affordable price model, today announced that it has raised INR 5 Crore, as part of its Pre-Series A round from Wurk, a Canadian Investment Firm. The newly raised funds will be utilised to strengthen the company’s operations in the capital region and support its effort to double the seating capacity to 2500 by March 2022.
Founded in December 2017 by couple entrepreneurs – Ankur Gupta, Co-founder and CEO & Akshita Gupta, Co-founder and CMO, ABL is currently live with 8 centres across Delhi NCR, at all the premium locations. ABL workspaces offers state of the art amenities to its clientele at a competitive cost with flexible working hours and currently serves companies like Netambit, Clovia Aristone Thermo, Independent UK, and Simba Beer etc.
Talking about the fundraise, Kautilya Pundir, Co-Founder and Chief Growth Officer at ABL Workspaces, said, “We are grateful for the trust and contribution made by our partners at Wurk. 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 want our clients to resume their work knowing that they are in safe hands. While they work towards rebuilding their business, we will work towards giving them a break from having to worry about sanitization, ergonomics, and day to day upkeeping of the office space. We are geared up for our journey ahead and are hoping to add more locations and double our seat count by March 2022.”
Speaking on the investment, Barbara Holding, a spokesperson from Wurk said, ‘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. “
ABL Workspaces aspires to be one of the most preferred choices for collaborative workspace across Delhi NCR. The centres across Delhi, Noida and Gurgaon, have high-end technology equipped private cabins, open seating and meeting rooms. The company aims to become the giant player and has charted out plans to be live with 15000 seats and 50 centres in Delhi NCR by 2023.
Source: Business World