Stylework, a co-working platform based in Gurugram, announced on Monday that it has raised $2 million (over Rs 160 crore) in a Series A1 funding round. The investment came from institutional investors such as Capriglobal Holdings and QI Ventures, as well as undisclosed family offices. Existing investors including We Founder Circle, iAngels Network, Sateeq Invest, and Impactful Pitch also participated in the round.
According to Stylework’s CEO and co-founder, Neetish Sarda, the funding will help the startup to continue its rapid growth and expansion plans. “With the rise of hybrid flexible work mode, there is a huge demand for flexible and managed workspace solutions. And, a B2B SAAS co-working aggregator venture like Stylework has the potential to revolutionise the way companies will formulate their flex workspace strategies.” he said.
Founded by entrepreneur Sparsh Khandelwal in 2016, Stylework has become a leading co-working space aggregator in India, expanding its partnered co-working supply presence to over 50 cities and operating in more than 80 cities. The company currently has over 2,500 partnered co-working spaces on its platforms across India. With the Series A1 funding, Stylework plans to continue building and growing its advanced flexible workspace aggregator technology and product for corporates, opening up decentralised hybrid workspace transactions on a larger scale.
Sparsh Khandelwal, founder and CEO of the company, said, “The closing in of Series-A1 has ignited the excitement of witnessing the growth cycle of the technological evolution of flexible workspace marketplace in India. There is no doubt that the co-working spaces’ membership architectures still need lots of bundling work. To scale it and significantly impact the co-working industry, in this amazing growing ecosystem in India, it needs our focused product’s attention to detail and deep integrations with our multiple supply co-working brand partners, and we will be diligently working towards the same.”
Additionally, the company plans to expand into Southeast Asia and the Middle East and North Africa regions. Investors in the Series A1 funding round expressed excitement about the potential growth of the coworking aggregation industry and Stylework’s position as a leader in the Indian market.
