The startup
company’s current set up in various locations in Bengaluru accommodates 10,000
seats and is aiming to house 40,000 seats under its expanded facilities in more
cities.
MUMBAI: Co-working space provider IndiQube is aiming to expand its facilities four times to 2
million sq ft by June 2019 from its current 0.5 million sq ft set up, said a
top company official.
The startup company’s current set up in various locations in Bengaluru accommodates 10,000 seats and is aiming to house 40,000 seats under its expanded facilities in more cities. Its current facilities are spread over 12 locations in Bengaluru.
“Our current space has capacity of 10,000 seats. We have signed up another 5 lakh sq ft that will come up over the next 12-15 months. Following this, we will be adding another 1 million sq ft of space by June 2019,” Rishi Das, Co-founder and Chairman, IndiQube, told ET.
To support the proposed expansion, the company is currently in talks with private equity firms to raise up to Rs 100 core and Das expects the transaction to be concluded by June.
The company is looking to expand in cities including Hyderabad, Chennai, Pune, Delhi, Kolkata, Mumbai, Ahmedabad and Chandigarh. Its current client profile includes startup companies, small & medium enterprises, offshore development centers and tenants like Bluestone and Micromax.
IndiQube was started by Rishi Das, an IIT-Roorkee graduate and his brother Anshuman, an IIT-Delhi graduate along with Meghana Agarwal, an IMT Ghaziabad alumnus. The co-working space provider was started in December 2014 and its operations commenced from January 2015.
The startup company’s current set up in various locations in Bengaluru accommodates 10,000 seats and is aiming to house 40,000 seats under its expanded facilities in more cities. Its current facilities are spread over 12 locations in Bengaluru.
“Our current space has capacity of 10,000 seats. We have signed up another 5 lakh sq ft that will come up over the next 12-15 months. Following this, we will be adding another 1 million sq ft of space by June 2019,” Rishi Das, Co-founder and Chairman, IndiQube, told ET.
To support the proposed expansion, the company is currently in talks with private equity firms to raise up to Rs 100 core and Das expects the transaction to be concluded by June.
The company is looking to expand in cities including Hyderabad, Chennai, Pune, Delhi, Kolkata, Mumbai, Ahmedabad and Chandigarh. Its current client profile includes startup companies, small & medium enterprises, offshore development centers and tenants like Bluestone and Micromax.
IndiQube was started by Rishi Das, an IIT-Roorkee graduate and his brother Anshuman, an IIT-Delhi graduate along with Meghana Agarwal, an IMT Ghaziabad alumnus. The co-working space provider was started in December 2014 and its operations commenced from January 2015.
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