IndiQube Raises $30 Mn from promoters and WestBridge Capital

Workspace provider IndiQube has raised $30 million in funding from IndiQube’s promoters, investment firm WestBridge Capital and angel investor Ashish Gupta.

The flexible workspace provider plans to use the proceeds, to double its pan India footprint, venture into Tier II cities and to ramp up technology integration.

Out of $30 million, IndiQube’s promoters themselves have infused $17 million in this round. 

Founded in 2015, IndiQube provides a smart building experience, catering to the evolving needs of thriving startups, offshore development centers and large enterprises, PAN India.

IndiQube today has over 5 million Square feet of office space in over 60 properties spread across 8 cities. They have recently forayed into Tier II, signing up over 1 lakh square feet in Coimbatore.

The startup’s clients include Myntra, Philips, Hitachi, Eli Lilly, Mahindra Logistics, Standard Chartered, Enphase, Allegis, Slice, Unacademy, UpGrad, Ola, Cars24, Chargebee, Fivetran, MakeMyTrip, Tata Digital, amongst others.