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Office space management company Workie raises 13 Cr

EntrackrEntrackr · 10m ago
Office space management company Workie raises 13 Cr
Medial

Office space management company Workie has raised Rs 13 crore in equity funding from a distinguished group of investors. The round was co-led by the Sunil Singhania Family Office, NAV Capital, Raman Roy, Dharmendra Jain, Gaurav Singhvi, Sunil Singhvi, and other investors. The funds will be deployed towards expansion, reinforcing its leadership in the market, and unlocking new opportunities for businesses, developers, and investors, Workie said in a press release. Founded by Sawan Laddha, Workie aims to transform the way businesses think about office spaces. It eliminates the hassles of complex traditional leases, high upfront costs, and long-term commitments. The company offers flexible office solutions that scale with businesses, and its spaces can be tailored to meet the needs of both startups and large corporations. Workie claims to have a presence in key cities and is rapidly expanding across more than 15 cities, including Indore, Mumbai, Chennai, Pune, and Bangalore. It continues to attract major clients such as Zomato, Bajaj, Patanjali, Schneider, OYO, Firstsource Solutions, WhiteOak, and others. For commercial property developers, Workie offers an opportunity to maximize returns on their spaces. By partnering with it, developers can transform their bare-shell spaces into premium office spaces that cater to the growing demand for flexible, cost-effective workspaces. According to the Indore-based company, its spaces are designed to provide maximum flexibility, allowing businesses to adjust their office size and scale according to changing demands. From fully furnished and managed offices to coworking spaces, Workie ensures that businesses save on capital while benefiting from modern, well-equipped workspaces that inspire growth and collaboration. Workie aspires to empower the Indian office space sector, offering solutions that meet the needs of today’s workforce while creating a thriving ecosystem for businesses and professionals to grow dynamically. Workie states that it is currently hosting more than 150 clients across 50 prime locations and managing 15,000 seats across 1,000,000 sqft of commercial space in India.

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ProcMart raises Rs 25 Cr in pre-Series B round

EntrackrEntrackr · 1y ago
ProcMart raises Rs 25 Cr in pre-Series B round
Medial

Business-to-business procurement marketplace ProcMart has raised Rs 25 crore ($3 million) in its pre-Series B round from Sixth Sense Ventures India. The board at ProcMart has issued 5,933 pre-series B CCPS at an issue price of Rs 42,127 each to raise Rs 25 crore, its regulatory filing soured from the RoC shows. Previously, the startup had raised $10 million in its Series A round led by Sixth Sense Ventures in November 2022. Following the fresh proceeds, Sixth Sense became the largest external stakeholder with 30% stake in ProcMart while its founder and chief executive officer Anish Popli will command 41.76% of the company. As per the startup data intelligence platform TheKredible, the latest capital injection has been done at a valuation, which is Rs 275 crore. Founded in 2015 by Anish Popli, the IndiaMART-backed startup provides supply chain solutions and infrastructure to businesses including services such as purchase order management, contract administration, master data management, e-catalogue management and market intelligence. ProcMart’s clients include Colgate, Mondelez, Harman, and Vedanta. It has 13 offices in India and one in Malaysia. The company also launched white-label in 2022 to provide construction equipment. The Noida-based company recently announced a strategic collaboration with local vendors in the biomass briquettes and pellets manufacturing sector. It competes with Lightspeed Ventures-backed Udaan in the B2B supply chain space.

Shiplog raises Rs 6.5 Cr in Seed round

EntrackrEntrackr · 6m ago
Shiplog raises Rs 6.5 Cr in Seed round
Medial

Logistics tech startup Shiplog has raised Rs 6.5 crore ($768K) in its seed funding round led by the Deepak Bhagnani Family Office. This is Shiplog’s first external funding since its founding in 2022, as it was previously bootstrapped. The proceeds will be used to strengthen its technology infrastructure, implement AI-driven inventory management solutions, and expand its operations in Delhi-NCR—the largest market for quick deliveries in India. Based in Gurugram, Shiplog specializes in rapid last-mile delivery for D2C and e-commerce businesses, offering 4-hour, same-day, and next-day delivery through a network of dark stores. Shiplog currently claims to process over 15,000 orders daily, and with the fresh funding, it aims to triple its MRR (monthly revenue rate) within six months. The startup’s tech-enabled delivery platform integrates inventory management, routing, and order tracking, enabling brands to reduce Return to Origin (RTO) rates and optimize delivery timelines. The company also uses electric vehicle (EV) transportation to lower logistics costs and reduce environmental impact.

Spacewood raises Rs 300 Cr at Rs 1,200 Cr valuation

EntrackrEntrackr · 26d ago
Spacewood raises Rs 300 Cr at Rs 1,200 Cr valuation
Medial

Spacewood raises Rs 300 Cr at Rs 1,200 Cr valuation Modular furniture maker Spacewood Furnishers has raised Rs 300 crore ($36 million) from A91 Partners at a valuation of Rs 1,200 crore ($135 million). The investment gives A91 Partners a minority stake and will support expansion, brand building, and operations. Spacewood plans to scale from 35 exclusive stores to 100 stores across India over the next few years. Founded by Kirit Joshi and Vivek Deshpande, Spacewood manufactures modular furniture for homes and offices. The company works through an omnichannel model with exclusive stores, a dealer network, and online platforms. The company runs a manufacturing facility of about 1 million sq. ft. with panel processing and sheet metal capabilities. Its dealer network covers over 500 partners across 150 towns and cities. In 2011, Nitin Sudame set up the office furniture division under Spacewood Office Solutions (SOS). SOS has supplied office furniture to over 1,000 corporates and developers. Spacewood targets group revenue of Rs 700 crore for FY26. It aims to grow 25–30% annually over the next five years with a focus on profitability. Its clients include Accenture, Capgemini, HDFC, Adani Group, and several educational institutions. Sumai Doors works with over 200 real estate developers, including Godrej Properties, DLF, Lodha, M3M, and Kolte Patil. Spacewood operates in the modular furniture market competing with brands such as Godrej Interio, IKEA, Homelane, Pepperfry, Wurfel, and Urban Ladder.

Byju's vacates massive 4 lakh sq ft office space in Bengaluru amid ongoing financial challenges: Report

IndianStartupNewsIndianStartupNews · 1y ago
Byju's vacates massive 4 lakh sq ft office space in Bengaluru amid ongoing financial challenges: Report
Medial

Bangalore-based edtech firm Byju's has reportedly reduced its office space in an effort to cut costs amid ongoing financial challenges. The company has vacated a 400,000 sq ft property at Prestige Tech Park, with lease termination occurring earlier this year. Byju's has also received a legal notice for non-payment of rent for a 500,000 sq ft office space at Kalyani Tech Park. In addition to these moves, the company has also ceased operations at other office locations, signaling a strategic pullback from physical office space usage. Byju's parent company, Think and Learn, has received a commitment of $300m from investors amid financial troubles.

WeVOIS raises Rs 36 Cr in Series A round from Negen Capital

EntrackrEntrackr · 10m ago
WeVOIS raises Rs 36 Cr in Series A round from Negen Capital
Medial

Waste management startup WeVOIS has raised Rs 36 crore ($4.2 million) in its Series A round led by Negen Capital and Vyom Wealth (the Polycab family office), with additional participation from Venture Catalysts, SN Capital, Warmup Ventures, Marsshot Ventures (Razorpay Founders’ Fund), and other angel investors. The proceeds will be used to scale its operations, expand partnerships, and drive innovation across India. Founded by Abhinav Vashistha, WeVOIS is setting up textile waste recycling facilities and bio-CNG plants to convert wet waste into clean energy, exemplifying innovation in sustainable waste management. Building on its proprietary technology powered by the Internet of Things (IoT) and Artificial Intelligence (AI)-driven analytics, WeVOIS is optimizing waste collection, enhancing material flows, reducing carbon emissions, and improving recycling efficiency.

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