91springboard, a Delhi-based firm, has raised an undisclosed capital from Sandway Investment Ltd, Pearl Brook Holdings, AMA Holdings, Silo Holdings and Al Nour. Together with the new amount raised, the company has so far secured a funding $20 million.
The company said in a statement on September 20 that it will use the fresh capital the fresh capital for expansion in existing and new markets.
“91springboard has grown very quickly in this time – our 14th hub went live this week – and we will use these funds to further ramp up our growth,” said Anand Vemuri, founder and CEO of 91springboard. He also said that the demand for co-working spaces from startups, freelancers and large enterprises has grown rapidly in the past two years.
91springboard began its operations in Delhi in 2013. The company is a vibrant coworking community created for start-ups, freelancers and business owners with a start-up mindset. Members of 91springboard get access to a coworking space with 24×7 office-infrastructure support, key service providers, knowledge sharing and collaboration, networking and a free spirited culture that breeds innovation.
The company has its operations in Delhi, Goa, Gurgaon, Hyderabad, Noida and Navi Mumbai. It also runs events for entrepreneurs to acquire the skills needed to grow the business.
in In January 2017, the company has raised $1 million in a funding from NeoStencil. In April same year, it has raised $2.1 from Squadrun.