Stylework, a SaaS-based co-working and managed workspace aggregator, has raised Rs 30 crore in a pre Collection B funding spherical led by Equentis Angel Fund. 

The spherical values the startup at a pre-money valuation of Rs 250 crore. Karekeba Ventures and Cogniphy AIF Fund, LetsVenture Fund, MoneyVyapaar and different present traders additionally participated.

The startup mentioned the capital might be used to strengthen its AI pushed market and broaden in India and abroad. It would additionally rent management expertise throughout product, enterprise and enterprise progress. Stylework plans to spend money on predictive analytics, utilisation dashboards and instruments that assist operators, channel companions and enterprises handle workspace portfolios on a single platform.

Stylework operates as an aggregator that connects enterprises with coworking and managed workplace operators. Its unified Grasp Service Settlement permits firms to entry workspaces throughout India with out separate vendor onboarding. This framework has develop into one in all its differentiators in successful enterprise purchasers searching for distributed workplace entry throughout cities.

The startup claims to have maintained profitability over the previous yr. It studies an annualised GMV of Rs 280 crore, greater than 70,000 seats offered and a community masking 125 cities. It really works with over 650 coworking and managed workplace operators that collectively run greater than 5,000 centres.

The newest spherical follows the primary shut of Rs 10 crore that Equentis Angel Fund led final month. The remaining capital has now been added by new and present traders. Stylework mentioned this funding will deepen its enterprise penetration throughout Tier 1 markets and assist it scale in rising Tier 2 and Tier 3 cities.

Sparsh Khandelwal, Founder & CEO of Stylework, mentioned, “We’re witnessing a elementary transformation in India’s workspace market, poised to achieve a $10 Bn flex portfolioin the subsequent 2-3 years. Whereas many workspace operators are elevating marquee investments by means of public listings, Stylework, as a number one aggregator, is setting new benchmarks. Our mannequin uniquely serves as an clever information arbitrage layer, connecting enterprises to your entire versatile workspace ecosystem. It creates unparalleled worth for corporates in search of flexibility, value optimization, and nationwide portfolio administration by means of Grasp Service Agreements.” 

Manish Goel, Founder & MD, Equentis Wealth, mentioned, “The versatile workspace sector in India is at an inflection level, pushed by evolving enterprise wants and the shift towards managed and serviced workspace fashions. Stylework is uniquely positioned to capitalize on this transformation by means of its sturdy know-how spine, sturdy accomplice community, and worthwhile progress trajectory. Our funding underscores confidence in Stylework’s imaginative and prescient to redefine the way forward for workspaces in India.”

The corporate is backed by traders together with Capri World Holdings, SCIF Fund, We Founder Circle, Inflection Level Ventures, Ah Ventures and BizdateUp.