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Funding · Professional & Local Services

IndiQube raises $30M from promoters and WestBridge Capital

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IndiQube logo
Date
Company
IndiQube
What it does
Flexible workspace provider
Kind
Funding
Amount
$30M
Stage
growth
Founded
2015
Sector
Professional & Local Services

What they do

IndiQube provides managed offices and coworking spaces across India

What happened

It raised $30 million, with promoters contributing $17 million, from WestBridge Capital and angel Ashish Gupta

Why it matters

The funds will double its pan-India footprint and enter Tier II cities like Coimbatore

The details

  • IndiQube has raised $30 million in a funding round.
  • The round includes $17 million from the company's promoters.
  • Other investors are WestBridge Capital and angel investor Ashish Gupta.
  • The company will use the capital to double its pan-India footprint.
  • It plans to enter Tier II cities such as Coimbatore.
  • It will also ramp up technology integration across its offerings.

The bigger picture

  • Flexible workspace demand is rising as startups and enterprises seek hybrid office models.
  • IndiQube already operates over 5 million sq ft across 60+ properties in 8 cities.
  • It has signed up over 1 lakh sq ft in Coimbatore, marking its Tier II foray.

About the business

  • IndiQube provides flexible workspaces, managed offices, and coworking spaces.
  • It targets startups, offshore development centers, and large enterprises.
  • Clients include Myntra, Philips, Hitachi, Eli Lilly, Mahindra Logistics, Standard Chartered, Enphase, Allegis, Slice, Unacademy, UpGrad, Ola, Cars24, Chargebee, Fivetran, MakeMyTrip, and Tata Digital.
  • Products include IndiQube Grow (flexible workspaces), DesignQube (personalised workplaces), IndiQare (workspace management), IndiQube Eco (sustainability), MiQube (integrated technology suite), and IndiQube Circle (community).

What happens next

  • Double pan-India footprint.
  • Enter Tier II cities.
  • Ramp up technology integration.

The deal

Type
funding

Investors

  • IndiQube promoters (investor) — The founding team and existing shareholders of IndiQube.
  • WestBridge Capital (investor) — A venture capital firm focused on Indian technology and consumer companies.
  • Ashish Gupta (angel) — An angel investor.

Founders

  • Meghna Agarwal, Co-Founder
  • Rishi Das, Co-Founder

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