Co-working startup 91springboard has raised Rs 45 crore in funding from its existing investors together with Singapore-based advertising and marketing know-how firm Freakout and Shinsei Bank of Japan amongst others.
The fundraising comes at a time when the Covid-19 pandemic has compelled firms to cut back workplace areas and renegotiate rental agreements to slash prices. Some are additionally toying with the thought of creating work from dwelling a everlasting characteristic to chop lengthy-time period overheads.
With the easing of the lockdown, the corporate mentioned it has reopened 14 of its 27 coworking areas throughout India. These 14 workplace areas are positioned in Delhi NCR, Gurgaon, Noida, Bengaluru, Hyderabad and Goa.
“We have received an encouraging response from our members with nearly 60%of members returning or committed to return soon to our co-working spaces. We have also witnessed a 2X growth in demand from large enterprise teams as they are now looking for benefits like flexibility, PAN India access, strategic partnerships and much more,” mentioned Anand Vemuri, CEO, 91Springboard.
91springboard is considered one of few coworking gamers that has been worthwhile on an organization stage, Vemuri mentioned. “Being a people-first organization, we have always supported our members in times of crisis, and we are happy that our work has been appreciated,” he added. “We plan to utilize it by offering new-age and customized solutions that will help all our members adapt to the new normal.”
Founded in 2012, 91springboard’s clientele contains Zomato, OLX, TataSky, Cleartrip, SleepyCat, IndiaMart, Mahindra Retail, Groww, Marsh, Datamatics, 1 MG, Cardekho amongst others.