91springboard Raises Rs 45 Crore In Fresh Round from existing investors

Goa-based coworking space provider startup 91Springboard has raised 45 Cr in funding in a fresh round of funding from its existing investors. 

91springboard is a vibrant coworking community, created with a start-up mindset for startups, freelancers, and business owners, committed to making work-life simple and enjoyable where members get access to a coworking space with 24×7 infrastructure support along with knowledge sharing and collaboration.  

It was founded by Anand Vemuri from Stanford, Deepak Sharma ExGlobal Chairman od Citi Pvt Bank, Pranay Gupta from IIM-A & IIT-D, and VarunChawla from Cornell in 2012.

According to the CEO, Anand Vemuri

“91springboard is one of few coworking players that has been profitable on a company level. We have secured funding of Rs 45 crore from our existing investors and we plan to utilize it by offering new-age and customized solutions that will help all our members adapt to the new normal.”

“We have reopened 14 of our 27 coworking spaces across India. These 14 office spaces are located in Delhi NCR, Gurugram, Noida, Bengaluru, Hyderabad, and Goa. The rest of the spaces will reopen soon based on government advisories and our own assessment of health and safety. We have received an encouraging response from our members with nearly 60 percent of members returning or committed to returning soon to our co-working spaces. We have also witnessed a 2X growth in demand from large enterprise teams as they are now looking for benefits like flexibility, PAN India access, strategic partnerships and much more,” 

During the lockdown, the company launched two key initiatives to assist its members. Its Startups vs. COVID initiative consolidated all efforts made in the startup ecosystem by investors, government departments, and stakeholders to support startups addressing COVID-19-related issues.

 

Recently WeWork India has also raised $100 Million from Wewro global for the sustainable growth of the business during these times of COVID.

– Authored by Arvind Singh

  Content Developer, StartupMonk

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