Co-working and flexible working space provider ABL Workspaces fuels up its development plans by raising a fund of 15 crores from Canada based Ethik Inc in Series A funding round. The fresh capital is raised with the intention to expand its seating capacities and centers across the capital region. It also intends to develop the team and technology for significant functioning.
Founded in December 2017, currently ABL Workspaces is live with 9 centers in Delhi NCR, all at premium locations. ABL Workspaces, a co-working space known for its premium interiors and affordable price model. In the past 6 months, ABL Workspaces has registered a surge in clientele by 20 to 25% month-on-month. At present, the co-working startup carters to several leading brands including Ariston Thermo (Racold), Kotak Bank, Netambit, Clovia, Simba beer among others.
Talking about the capital infusion, Akshita Gupta, ABL Workspaces, Co-founder and CEO said, “We are delighted to announce Ethik Inc Capital as our funding partners. I believe the funding will help us to transform the perspective, the way occupiers look at office space in the future. We look forward to expanding our seating capacities to accommodate more businesses. The fresh capital will enable us to strengthen our team and technology more efficiently. Our commitment to providing premium services to our clients helps us in sustaining their trust in our model and company”
Speaking on the investment, Deepak Goel, Founder at Ethik Inc, said, “We believe that co-working is a game-changer for entrepreneurial community. The segment is promising and has attracted the attention of potential investors. ABL Workspaces offers cost-effective, premium, tech-enabled co-working spaces. We are glad to partner with the company and help them become one of the leading players in the region.’’
ABL is a co-working space where professionals from all walks of life come to work under one roof. Apart from a state-of-the-art co-working space, everything needed is at your behest. Coworking spaces provide a great fit for Startups and freelancers. There’s an inherent alignment between what the spaces offer and the goals of freelancers and start-ups. The spaces are well equipped with modern amenities, modern furniture, Kitchens, private meeting rooms, etc.