CoWorking Space Raising Funds In Mumbai
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Product / Service
It is a co-working space company that offers rental spaces along with a range of benefits, including Dedicated Desks, Private Cabins, Flexi Desks, Virtual Office Registration, Conference Rooms, Meeting Rooms, Event Hosting, Shooting Spaces, Day Passes, Bundle Passes, and Business Registration services.
Clientele type
Some of the notable clients include Revassure, Amazepays, Wordberries, CHPL, RSN, Bigfuel, Pixel & Vector, Truman Management, Xtreme Studio, Singh Consultancy, Byju's, Magicpin, Sociowash, DesignCafe, Webmaffia, Pillarplus, Plateo, and Chaiwala Pictures.
Premises
LEASED
Lease per month (in INR): 4.50 L
Security Deposit (in INR): 20.00 L
Carpet Area: 7,000 sq ft
Located are Malad and Goregaon Mumbai
Asking Price Includes
The transaction details will be discussed with potential investors.
Asking Price
INR 5.00 Cr
Minimum ticket size
INR 5.00 Cr
Reason
The company primarily requires INR 2 crores for a deposit, INR 1.5 crores for renovations, and INR 1.5 crores as working capital for six months. Overall, the goal is to expand the business. Renovating and opening new locations will create additional seats to offer on a rental basis.
Other Details
About the company:
Established in 2021, the company offers a premium workspace with all essential amenities where startups, freelancers, and businesses can collaborate, exchange ideas, and explore new possibilities. The company currently rents 200 spaces, with 120 seats in Malad and 80 seats in Goregaon.
With a strong client base and growing demand from both existing and new clients, the company plans to expand by adding 500 more seats, increasing the total to 700. The expansion is planned in Borivali and Andheri, close to the central railway line, to meet the rising need for premium and flexible co-working spaces in Mumbai.
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Business Tags
₹10 to ₹200 Cr
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