IndiQube now in Mumbai, leases space at The Leela Business Park, Andheri

IndiQube, a co-working and workspace provider has entered Mumbai market by leasing space at The Leela Business Park in Andheri. The space will offer over 600 seats, adding to the existing 30 plus workspaces in five different cities with a cumulative capacity of around 30,000 seats.

The expansion is aided by Series A funding of $15 million raised from WestBridge Capital, this June. With this launch, IndiQube will be present in the cities of Bengaluru, Hyderabad, Chennai, Mumbai and Pune.

In January, DNA Money had reported about the start-up’s plan to enter Mumbai market during the year.

Rishi Das, co-founder and chairman of IndiQube said, “We are on an aggressive expansion stage and are looking forward to add around 15-20,000 seats to our ecosystem over the next one year. Our target is around four million square feet by 2020.”

Already in The Leela Palace, Bengaluru, this three-year-old co-working space firm offers around 2,000 seats to various clients.

DNA Money Correspondent