Gurugram: Stylework, a co-working aggregator platform, has raised Rs 4 crore (around $547,833) in a pre-Series A funding round led by Inflection Point Ventures (IPV).
Other participants include ah! Ventures, We Founder Circle, and Instarto, Gurugram-based Stylework said in a statement.
Angel and high net-worth individuals also participated in this round, including Rachit Poddar from Marwari Venture Catalysts, former Reliance executive Anil Gupta, and GridLines CEO Sunaina Gera,
Stylework, operated by Stylework Innovation Hub Pvt Ltd, was set up in 2017 by Sparsh Khandelwal. The company says it offers flexible co-working spaces across more than 800 locations, with an inventory of 1.5 lakh seats. Its client base includes more than 120 corporates and 3,000 startups and freelancers.
The company will use the capital it has raised to expand its network to Tier-I cities including Bengaluru, Mumbai, Hyderabad, Pune, and Chennai.
It will also use a portion of this round to enhance its technological infrastructure and boost product and market growth.