Funding · Enterprise Software & IT

Stylework raises $1m in pre-series b second close

What they do

Stylework connects users to flexible workspaces across India with over 10,000 centres

The company secured $1 million in a second close led by Auxano Capital

It remains profitable with annual net revenue exceeding Rs 50 crore this year

Stylework raised $1 million in equity during its pre-Series B second close.
The funding round was led by Auxano Capital with participation from family offices and institutional investors.
This brings the total pre-Series B funding to more than $3.5 million combined with the first close.
Total cumulative funding across four rounds now exceeds $6.5 million for the startup.
The company plans to use funds to expand into Tier I and II cities in India.
Stylework aims to strengthen its technology platform and deepen enterprise partnerships.
The startup has achieved profitability for the second consecutive year.

The platform allows users to discover, book, and manage flexible workspaces across India.
It connects over 10,000 workspace centres across 125 cities nationwide.
Offerings include coworking spaces, managed offices, meeting rooms, and Flexipasses for multi-location needs.
SaaS tools like Flexboard and Stylework.ai help manage occupancy, rostering, budgets, and access.
The company generates revenue through commissions on bookings and SaaS subscriptions for operators.
Annual gross merchandise value (GMV) exceeded Rs 340 crore this year.
Annual net revenue run rate stands at more than Rs 50 crore.
Net profit exceeded Rs 2 crore in the most recent fiscal period.
The business model combines marketplace fees with software-as-a-service for workspace providers.

Auxano Capital (lead) — Investment firm leading the pre-Series B second close.
Equentis Angel Fund (existing) — Backed the company in the first close of the pre-Series B round.
Karekeba Ventures/Cogniphy AIF Fund (existing) — Participated in the initial funding stage alongside other early backers.
MoneyVyapaar (existing) — Early investor supporting the startup's growth trajectory.
LetsVenture Fund (existing) — Provided early-stage capital to the founder-led venture.

Product: Technology platform connecting businesses with flexible workspace providers, including coworking spaces, managed offices, and meeting rooms.
Customers: Enterprises and businesses seeking flexible workspace solutions.
How it makes money: SaaS-based marketplace/aggregator connecting enterprises with workspace providers.
What sets it apart: Unified Master Service Agreement that simplifies vendor onboarding for enterprises.