Cricketer Yuvraj Singh-backed co-working space provider Creator’s Gurukul has raised an undisclosed amount of funding from existing and new investors.
Existing investors Rohit Nanda, who is based in Singapore, and Smarak Bhuyan, who is based out of Bay Area, California, among others, participated in the latest round. Sandeepan Senapati, a London-based investor and promoter of technology training initiative TechBridge labs, also came on board as investor.
The startup is also in talks with a bunch of institutional investors for raising growth capital, it said in a statement.
Besides, it is going live with its first flagship centre in Millennium City, Gurugram, it said
“The nature of work and the demands of the workforce are evolving rapidly. In order to cater to new age workspace requirements, we have added fresh layers to our product mix. We will be unveiling multiple centres in Gurugram, Delhi, Faridabad and Noida,” said Yuvraj Singh, partner and brand ambassador.
“Creator’s Gurukul creates an environment where budding entrepreneurs can collaborate with like-minded individuals and teams,” said Sandeepan Senapati.
“The founders have made significant progress in terms of their expansion plan,” said Rohit Nanda.
Creator’s Gurukul was co-founded by IIT Delhi alumnus Abhinav Tandon and serial entrepreneur Mohammed Sirajuddin last year.
It is backed by high-net-worth individuals such as Shabir Momin and Sashwat Brahma (Singapore), Anubhav Kaul (Hong Kong) and Rajit Nanda (Dubai).
It had raised an undisclosed amount from Yuvraj Singh in July 2017.
Yuvraj Singh launched $10-million seed-stage fund YouWeCan in 2015 to back internet startups in the country. YouWeCan’s portfolio companies include business solution provider Startup Buddy, logistics startup Moovo, healthcare startup Healthians, online marketplace for chartered jets JetSetGo, automotive service marketplace Cartisan and sports startup SportyBeans.
The concept of co-working spaces has been gaining momentum in India. In June 2017, co-working startup BHIVE raised $1.2 million in fresh funding led by existing investor Blume Ventures.
Other co-working startups that have elicited investor attention include Delhi-based Awfis, which raised $20 million in a Series B round from Sequoia Capital in April 2017.
In the same month, The Office Pass, a co-working platform launched by Makaan co-founder Aditya Verma, raised seed investment from a group of individual investors.
In February 2017, Innov8 raised angel funding from Venture Catalysts and individual investors, including Paytm’s Vijay Shekhar Sharma and Google’s Rajan Anandan, through the LetsVenture platform.