Inspire Co-Spaces raised $4 million in funding
Co-working and versatile provider of office space, Inspire Co-Spaces, raised $4 million from angel investor Ashish Chandna in seed funding. The funds will be used to finance the expansion and future plans of the start-up.
Inspire Co-Spaces has office spaces in the main micro-markets of Andheri, Goregaon, Navi Mumbai, and Thane in the Mumbai Metropolitan Area. With the funds available from this exercise, the company is now ready to step up its operation.
The organization was founded in the year 2018 by Amit Sathe. A provider of co-working and flexible office space, Inspire Co-Spaces.
“I believe the model of Inspire Co-Spaces will completely disrupt the way occupants in the future look at office space,” Chandna said. The start-up aims to use the mentoring and funding of Chandna to gain 10,000 seats in India by the end of 2021.
Ashish has many investments in different start-ups and has a high rate of turning a start-up into a full-grown business. We at Inspire are delighted to have him on the board of directors and as our angel investor,” said founder Amit Sathe.
The company’s attention is currently on its pan-India expansion strategy for 2021, according to Sathe, before pursuing foreign markets in 2022. Sathe had managed assignments for Kanakia Community, Phoenix Market City, and Damac Assets prior to this venture.