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ABL Workspaces secures angel funding from Great point capital LLC, Chicago

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  • Funds will be utilised to strengthen their presence in Delhi NCR
  • Company aims to become a giant player in Delhi NCR; plans to launch 50 centres by 2021
  • Artiston Thermo Group and Cleartrip have also acquired space in their live centres

New Delhi, February 27, 2020: ABL Workspaces, co-working space known for their premium interiors and affordable price model, fuels up the development plans by raising undisclosed amount in an angel round from Great Point Capital LLC, Chicago, US. The funds will be utilised to strengthen their presence in the capital region and will be operational with 15 new centres by June 2020.

Founded in December 2017 by couple entrepreneurs – Ankur Gupta, Co-founder and CEO & Akshita Gupta, Co-founder and CMO, currently ABL Workspaces is live with 9 centres in Delhi NCR, all at premium locations. Apart from the capital infusion, Artiston Thermo Group and Cleartrip have also acquired space in their live centres in Gurgaon. At present, centres serve as workplaces for some of the upcoming start-ups and enterprises like Bira 91 Beverages, BulBul TV, Etsy, Lodha Group, Livspace, Truly madly, Petrofac and Cynesis.

Talking on the capital infusion, Akshita Gupta, ABL Workspaces, Co-founder and CMO said, “We are glad to announce Great Point Capital LLC as funding partners. The funding has come on the accurate time which will help us in going live with 15 number of centres by June 2020. We have witnessed an immense growth in our business and clientele. We carefully choose each location which is convenient to employees and is equipped with all the essential facilities. Our commitment to provide premium services to our clients helps us in sustaining their trust in our model and company. We are all geared up for our journey ahead and will soon be a giant player in the region. We aim to acquire maximum space in Delhi NCR with 15000 seats and 50 centres by the end of FY21”

Speaking on the investment, Gabriel Mengin, President, Great Point Capital LLC said, “Coworking sector has become one of the most promising segments of start-up ecosystem and has attracted attention of many leading investment firms across. There is a huge demand of quality workspaces at premium locations, which ABL Workspaces succeeds to offer with their best-in-class services at affordable pricing. We are glad to partner with the company and help them become one of the leading players in region.”

The company aims to become the giant player and has charted out plans to be live with 15000 seats and 50 centres in Delhi NCR.

 

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