Delhi-based co-working startup Creator’s Gurukul has got an undisclosed amount of funding from Indian cricketer and investor Yuvraj Singh. The southpaw cricket icon will also be the brand ambassador of the company for the next four years.
The financial structuring details couldn’t be ascertained due to NDA (non-disclosure agreement).
“Yuvraj Singh has been involved from beginning. The paper work formalities, however, have just finished. He is a partner in the company and holds equity,” Creator’s Gurukul co-founder Abhinav Tandon told PTI.
Tandon also added, “We have spent a lot of time in preparing a disruptive business model… our aim is to provide a global platform to creators of tomorrow.”
Founded by Abhinav Tandon and Mohammed Sirajuddin, Creator’s Gurukul has based its model on shared office space with a more productive work culture. The Gurugram-based centre will be the first with over 500 seats and it plans to set up two more in Mangalore and Delhi by the end of the year.
Commenting on his latest funding, Yuvraj singh said, “It feels great to be a part of the Creator’s Gurukul team… I am confident that the unique business model of Creator’s Gurukul will disrupt the sector in a big way.”
Yuvraj Singh, through his fundraising foundation ‘YouWeCan Ventures’, has been aggressively investing in a slew of startups including EazyDiner, EduKart, JetSetGo, Cartisan among several others.
Moovo a logistics booking platform backed by the cricketer had recently shut its operation due to lack of funding.
Of late, co-working space in India has been over-crowded with several players competing for marketshare. Creator’s Gurukul competes with BHive, Innov8, Awfis, Innov8, 91Springboard and several other players in the space.
Last month, New York-based co-working conglomerate WeWork entered Indian market with the launch of its 2200 members co-working space in Bengaluru.
So far, co-working spaces in India have secured about $33.8 million across 17 deals, as per venture capital intelligence database Tracxn. Tracxn lists a total of 139 co-working spaces, out of which four have already shut shops.
In April this year, Sequoia led $20 million mega round in Awfis. This was the biggest funding round in this space in India.