Startup raises $1 mn funding from Blume Ventures

By: |
Bengaluru | May 18, 2016 9:22 PM

BHIVE Workspace, a city based startup in shared office space today said it has raised about USD 1 million in funding led by Blume Ventures.

BHIVE Workspace operates in 4 locations covering 50,000 sq ft with over 800 active members.BHIVE Workspace operates in 4 locations covering 50,000 sq ft with over 800 active members.

BHIVE Workspace, a city based startup in shared office space today said it has raised about USD 1 million in funding led by Blume Ventures.

Claiming to be the “largest” co-working space in the city catering to over 150+ ventures, BHIVE Workspace said from corporates to small businesses to freelancers, it offers a range of facilities that enable individuals and businesses to focus on their work and still have a community driven, vibrant work environment.

BHIVE Workspace operates in 4 locations covering 50,000 sq ft with over 800 active members, it said in a release.

Launched in November 2014, BHIVE in the past had attracted investments, from the likes of Raghunandan G (Founder, TaxiForSure), Rajesh Rai (Venture Capitalist and co-Founder, Venturesity), Arihant Patni (Managing Director, Hive Technologies), Sanjay Mirchandani (Owner, Mirchandani Group), Arun Narayan (Director, UK India Business Council) and others.

The funds will also be used to attract top talent, build technology that will further enhance customer experience and in turn position BHIVE as an undoubted leader in the office space market, it added.

“We will use the funding money for expansions both in Bangalore and in other major Indian cities before we venture beyond India. We will also use the money to attract top talent. We will also invest very strongly in technology, processes and brand building,” BHIVE Workspace CEO and Co-Founder Shesh Palikar said.

“We plan to have over 2 million square feet of office space under BHIVE management across 6 major Indian cities over the next 2 years,” he added.

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