IndiQube strengthens its presence in the West, leases office space at The Leela Business Park for its maiden project in Mumbai

Bengaluru, 26 October, 2018: IndiQube, one of the leading coworking and workspace providers in India has announced its expansion to Mumbai by leasing space at The Leela Business Park, Andheri. The company’s first venture in the city will offer 600+ seats, adding to the existing 30+ workspaces across 5 different cities with a cumulative capacity of around 30,000 seats. The expansion is aided by Series A funding of USD 15 Million raised from WestBridge Capital, this June. With the launch of their workspace at The Leela Business Park, IndiQube will be present across the cities of Bengaluru, Hyderabad, Chennai, Mumbai and Pune.

Commenting on the expansion, Mr. Rishi Das, Co-Founder & Chairman, IndiQube said, “Mumbai, the business capital of the country, is a market with great potential for co-working and shared spaces. A lot of start-ups are coming up in Mumbai, owing to the city’s prospect for business growth. We are on an aggressive expansion stage and are looking forward to add around 15-20,000 seats to our ecosystem over the next 10 – 12 months. Our target is around 4 million sq ft by 2020 and expansion to Mumbai is a stepping stone towards that.”

Ms. Meghna Agarwal, Chief Operating Officer, IndiQube commented, “The IndiQube proposition with its dual emphasis on flexibility and quirkiness has been extremely well received in other markets. Today, our workspaces not only appeal to the new age workforce but also address business requirements of companies across segments more effectively”.

IndiQube offers the concept of design-your-workspace with amenities and employee benefits such as transport, fully managed food court, events and community activities. The quality of services, large network and ease of operations, backed by robust technology makes IndiQube the preferred destination for businesses and professionals to thrive.

Ms. Agarwal further added, “Today, the co-working culture has become contagious; even hotels and malls provide back-end support that fits well with the co-working model. The Leela is among the most trusted brands in the hospitality sector and we are already working with them in Bengaluru to provide a unique office atmosphere to our clients. We are glad to have extended our partnership with The Leela group in Mumbai and look forward to continuing such collaborations to provide better solutions and amenities”.

Today, IndiQube has established itself as a business enhancer for current as well as potential clients. Last year, IndiQube welcomed a number of off-shore development centres (ODC’s) into its growth ecosystem, thus becoming one of the top choices for companies who are looking out to expand in India. In Hotel The Leela Palace, Bengaluru, IndiQube offers close to around 2000 seats to diverse clients.

Since its inception in 2015, IndiQube has been home to top emerging start-ups, brands and ODC’s including companies like LEVIS, Samsung, Red Bus, Bluestone, Scripbox, Fresh Menu, Bira91, Grant Thornton, No Broker, Rubrik, Thoughtspot, Fungible, Lendingkart, Cleo, Eximius and others. The company continues to focus on elevating the customer experience for its 350+ clients to establish itself as a partner in their growth by offering business scalability and agility.