ABL Workspaces, a coworking space provider, has raised Rs 15 crore from Ethik Inc, a Canadian company, for expansion.
ABL Workspaces, which opened its first location in Delhi-NCR in December 2017, now has nine locations.
ABL Workspaces stated in a statement that company has raised Rs 15 crore in a Series A fundraising round from Ethik Inc of Canada.
The new funds will be used to expand the company’s seating capacity and distribution centres throughout the capital region.
It also wants to build the people and technologies necessary for effective operation.
By 2023, ABL Workspaces hopes to grow from 2,470 to 15,000 seats.