ABL Workspaces announces angel funding to boost number of centers

March 5, 2020
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ABL Workspaces plans to use the funding to strengthen its presence in the capital area and further support its goal to launch 15 new centers by June of 2020, and 50 centers by 2021.

Founded in December 2017 by couple entrepreneurs – Ankur Gupta, Co-Founder and CEO & Akshita Gupta, Co-Founder and CMO, ABL Workspaces is currently in 9 centers in Delhi NCR. As now it plans to further expand and launch more centers, it raises an undisclosed amount in an angel round from Great Point Capital LLC, Chicago, US. The funds will be utilised to strengthen their presence in the capital region and will be operational with 15 new centers by June 2020.

Apart from the capital infusion, Artiston Thermo Group and Cleartrip have also acquired space in their live centers in Gurgaon. At present, centers serve as workplaces for some of the upcoming start-ups and enterprises like Bira 91 Beverages, BulBul TV, Etsy, Lodha Group, Livspace, Truly madly, Petrofac and Cynesis

Akshita Gupta, ABL Workspaces, Co-Founder and CMO shared that we have witnessed an immense growth in our business and clientele. Now the startup aims to become the giant player and has charted out plans to be live with 15000 seats and 50 centers in Delhi NCR.

Investor Gabriel Mengin, President, Great Point Capital LLC, said:

“Coworking sector has become one of the most promising segments of the startup ecosystem and has attracted the attention of many leading investment firms across.”

Read more here

March 5, 2020

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