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Office space management company Workie raises 13 Cr

EntrackrEntrackr · 5m 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.

Related News

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.

TyrePlex raises Rs 20 Cr from PeerCapital, Titan Capital Winners Fund, others

EntrackrEntrackr · 5m ago
TyrePlex raises Rs 20 Cr from PeerCapital, Titan Capital Winners Fund, others
Medial

TyrePlex raises Rs 20 Cr from PeerCapital, Titan Capital, Winners Fund, others B2B tyre marketplace TyrePlex has raised Rs 20 crore (around $2.4 million) in a funding round led by PeerCapital, with participation from Titan Capital, Winners Fund, Sattva Family Office, and existing investors, including 100 Unicorns. The proceeds will be used to accelerate growth in multiple areas. TyrePlex plans to expand its geographic footprint into the top 25 cities across India, using a combination of qualitative and quantitative data points for city selection. TyrePlex will pilot tyre recycling and reverse logistics initiatives, addressing key sustainability challenges in the industry. The company is also focusing on creating a lean yet highly effective team to support its city expansion plans. Founded in 2020 by Puneet Bhaskar, TyrePlex provides tailored solutions for customer relationship management, inventory optimization, and advanced analytics to drive informed decision-making. With over 20,000 registered tyre dealers, the platform provides tools to improve sales and margins, streamline procurement, manage inventory, and set up online stores. The company’s app offers an integrated solution that simplifies operations, generates demand, and enables easy procurement of tyres with delivery within 3-4 hours. According to market research, the tyre market in India, valued at around $13 billion in 2024, is projected to grow to around $30 billion by 2032. Despite this growth, the sector remains dominated by unorganized and unbranded outlets, with about 90% of tyre dealers operating as multi-brand stores. TyrePlex claims to have already achieved a 13x revenue growth since 2022 and currently operates only in Delhi NCR and Bengaluru.

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