11 August 2016, India :
Delhi-based co-working space provider 91springboard has raised an undisclosed amount of funding from Khattar Holdings, ThirtyThree Investments and others.
Angel investors including Soumitra Sharma, Deepak Sharma, former Chairman of Citi Private Bank, and Sumit Dayal, Global head corporate finance at Standard Chartered Bank also participated in the round.
“We are thrilled with these latest developments and are extremely grateful to our investors for their faith. It is a testament to the belief that the investors have put in us and it also means that we are doing a good job and have consistently rewarded their faith with solid performance and growth numbers,” said Varun Chawla, cofounder 91springboard.
The startup plans to use the funding for expansion of the company, building the tech capabilities, and to increase operational efficiency and enhance the community building. 91springboard has grown from its humble beginnings of their first hub in Mohan Estate, Delhi with to now having hubs in 7 cities.