One of the biggest coworking chains in India, 91springboard recently raised funding from Sandway Investment Ltd, AMA holdings, Pearl brook holdings and Silo holdings. The coworking chain plans to use the funding for its expansion in more locations. The amount raised in the latest funding round has not been disclosed. The coworking space has raised $20 million so far since its inception in 2013. In one of our stories on Mafias of Coworking Spaces, 91SpringBoard Co-Founder Pranay Gupta shares his experiences and their journey in the coworking market. Lets check out more details about 91springboard funding.
Co-founder on 91springboard Funding
Anand Vemuri, co-founder and CEO of 91springboard stated, “We’ve seen the demand for our coworking spaces grow rapidly in the last two years, from startups, freelancer and large enterprises alike. 91springboard has grown very quickly in this time – our 14th hub went live this week – and we will use these funds to further ramp up our growth, and bring our offer of increased productivity, collaboration and growth to customers in more areas and markets.”
Background of 91springboard
91springboard is one of the oldest and largest coworking companies operating in India. They have more than 10 spaces in 8 cities. The company focuses on building a strong and vibrant community of like minded people. The coworking veteran provides best services and amenities with affordable pricing plans. In 2017, 91springboard launched two of their biggest coworking spaces in India i.e, 91springboard Noida Sector 1 & 91springboard JP Nagar in Bangalore.