Versatile workspace platform Stylework has raised $1 million in fairness funding within the second shut of its pre-Sequence B spherical, led by Auxano Capital.

The second shut additionally included participation from household workplaces, institutional investors and high-net-worth people.

The first close of the round was backed by Equentis Angel Fund, Karekeba Ventures/Cogniphy AIF Fund, MoneyVyapaar and LetsVenture Fund.

Stylework plans to make use of the funding to increase in Tier I and Tier II cities, strengthen its Flexboard and Stylework.ai platforms and develop its partnerships with company prospects. The corporate additionally intends to put money into digitising workspace operators and standardising providers throughout its community.

Based in 2016 by Spaarsh Khandelwaal, Stylework operates a know-how platform connecting companies with versatile workspace suppliers in India. Its providers embrace coworking areas, managed workplaces, assembly rooms and instruments that enable corporations to handle their use of versatile workspaces.

Khandelwal stated companies wanted “versatile, technology-driven workspace infrastructure that may scale throughout cities”.

He stated the funding will assist Stylework’s purpose of growing a unified know-how platform for the versatile workspace sector.

Brijesh Damodaran, a associate at Auxano Capital, stated working preparations have been turning into “more and more versatile and distributed”.

He stated Stylework’s know-how might assist deliver collectively a fragmented provide of versatile workspaces whereas making them simpler for companies to handle.