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Co-working aggregator platform
Stylework on Monday announced to have raised INR 4 crore and a strategic undisclosed investment amount in pre-Series A round led by angel network Inflection Point Ventures (IPV). ah!Ventures, We Founder Circle, Instarto, and angel investors included Rachit Poddar from Marwari Venture Catalysts, Anil Gupta, ex-president, Reliance infrastructure/general electric, and Sunaina Gera, CEO GridLines, also participated in the round.
The team will invest the current fundraise to expand its network in tier-1 cities: Bengaluru, Mumbai, Hyderabad, Pune, and Chennai.
A fair portion will also be used to upgrade technology and boost productivity growth. Significant attention will be given to capturing market share fast with an aim to become a market leader in co-working aggregation.
Coworking startup Stylework raises Rs 4 crore in pre-Series A funding
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Synopsis
Stylework, which offers flexible office spaces across 800 locations in India to 120 corporates and 3,000 freelancers and startups, plans to use the funding from investor Inflection Point Ventures to fuel its expansion plans.
While 70% of Stylework’s inventory is in Delhi NCR, the platform will now expand to Mumbai, Hyderabad, Pune, Bengaluru and Chennai.
New Delhi: Coworking aggregator platform Stylework has raised Rs 4 crore in a pre-Series A funding round led by Inflection Point Ventures to fund its expansion plans.
Based in the National Capital Region (NCR) centred on Delhi, Stylework offers flexible coworking space in over 800 locations across the country to some 120 corporates and 3,000 freelancers and startups. The company plans to increase seating capacity to 400,000 seats from 150,000 within a year.
founderINDIA announces second season of BusinessClass; to stream on Amazon FireTV ANI | Updated: Mar 03, 2021 17:57 IST
New Delhi [India], March 3 (ANI/Media Dekho): OTT-business news channel founderINDIA has announced the launch of the second season of its famous business chat show - BusinessClass. The award-winning chat show will be once again hosted by renowned educationist and mentor, Shantanu Prakash.
Prakash, in conversation with startup founders and subject matter experts, will give viewers an unscripted peep into the culture of startups, discuss the biggest challenges faced by them, and offer advice from his extensive experience along with some of India s most renowned investors.
Inflection Point Ventures to invest $20M in startups in India this year
Inflection Point Ventures, which comprises about 4,000 investors, is also looking to expand its network to 5,000 members by the end of the year as it eyes a larger role in mentoring and growing India s startup ecosystem.
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Inflection Point Ventures (IPV) aims to double its investment in startups to
$20 million (about Rs 155 crore) this year as it looks to play a larger role in mentoring and growing India s startup ecosystem.
IPV, which comprises about 4,000 investors, is also looking at expanding its network to 5,000 members by the end of the year.
February 08, 2021
Vinay Bansal, founder and CEO, Inflection Point Ventures×
Most investors turned cautious in a pandemic-struck 2020. But, early stage investment firm Inflection Point Ventures (IPV) bucked the trend and invested ₹76.5 crore in 30 start-ups with plans to double that investment in 2021. Vinay Bansal, founder and CEO, tells
BusinessLine about the sectors he plans to invest in, start-up valuations, plans to ramp up individual investors from 3,500 to 5,000 by the year-end.
How did IPV manage to buck the trend in 2020?
Since our inception in 2018, we have grown 100 per cent YoY; 2020 was no different and we expect to maintain the same growth momentum in 2021. While deal flow has increased multi-fold, IPV’s individual investor member base has grown to 3,500, which has contributed to the momentum in investments.