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Tags: BUSINESS

91springboard raises $10.2 million in funding

Five Indian startups have raised half a billion dollars through angel, seed, and venture investors across various business sectors.

Coworking firm 91springboard raised $10.2 million in a funding round from Singapore-based marketing technology company Freakout and Shinsei Bank of Japan. Now, the overall capital for the coworking startup is $33 million according to cofounder Varun Chawla. The company has set a goal of 25,000 desks by the end of the financial year, and 150,000 desks by March of 2020.

“As we are now a profitable company, all this investment will be deployed for growth, and setting up new spaces across India,” Chawla said. “We are also looking to add two more cities.”

ABOUT Aayat Ali
Aayat Ali

Aayat is an editor for the Daily Digest based in Lexington, Kentucky. She has worked with local coworking spaces since August of 2017 and enjoys taking her firsthand knowledge to write about the fascinating, constantly evolving world of flexible workspaces. Feel free to reach out to her at [email protected] View all posts by Aayat Ali

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