Coworking marketplace Stylework has raised $2 million in a funding round led by Capri Global Holdings and QI Ventures. The round also saw participation from existing investors such as WFC, iAngels Network, Sateeq Invest, and Impactful Pitch, among others. Stylework offers flexible coworking spaces to clients and launched its Corporate Product Suite in 2021 to offer a decentralised dashboard platform to medium and large-sized businesses. With the funding, Stylework plans to focus on further building and growing its advanced flexible workspace aggregator technology and product for corporates, with the aim of entering the SEA and MENA regions. The startup closed FY22 at $1.7-1.8 million net revenue and operates in 80 Tier-I, II, III, and IV cities in India.
The growing interest in the coworking space industry in India, with investors showing a keen interest in startups like Stylework, WeWork, and IndiQube. The COVID-19 pandemic has accelerated the adoption of hybrid work-model, which has led to an increased demand for flexible office spaces. It will be exciting to see how these startups and the industry as a whole continue to evolve in the coming years. The Indian coworking space has seen a significant growth over the past few years, and there are now several startups offering coworking spaces and related services. In addition to Stylework, some of the other notable players in the Indian coworking space include ClayWorks Spaces, myHQ, Workly, and Table Space, among others. These companies are leveraging technology to offer flexible, affordable, and scalable coworking solutions to businesses of all sizes.