91springboard Takes A Leap: Raises Funding From Khattar Holdings, ThirtyThree Investments And Others

Co-working space provider 91springboard has raised an undisclosed amount of funding from Khattar Holdings, ThirtyThree Investments and others.

Other investors who participated in this round include angel investor Soumitra Sharma, Deepak Sharma (former Chairman of Citi Private Bank), Sumit Dayal (Global head corporate finance at Standard Chartered Bank) among others.

Pranay Gupta, co-founder 91springboard, said, “We are proud to be able to say that our investors are all highly accomplished individuals in their own right. We are lucky to have their active support beyond just the investment. To also have members and our partners invest in us is another testament to the principles of building a community that we founded 91springboard on, as the community is now paying it forward!”

The newly raised funding will be used for expansion of the company, building tech capabilities, and to increase operational efficiency and enhance the community building.

Delhi-based 91springboard was founded in 2012 by Anuj Pulstya, Pranay Gupta, Varun Chawla, Deepak Sharma, Anand Vemuri, and Susan Lim. It began its operations in Delhi in 2013 and has since then grown to seven cities with hubs in Delhi, Gurgaon, Noida, Hyderabad, Bangalore, Navi Mumbai, and Mumbai. Each of the hubs is now a profitable business unit.

Currently, the 91springboard is working with over 300 companies and over 1000 co-workers.  Members get access to a co-working space with 24×7 office-infrastructure support, key service providers, knowledge sharing & collaboration, networking. The facilities include Internet, conference rooms, photocopy/print/scan, network with startup community, free or discounted access to events, access to a mentor network etc.

Prior to this in June 2016, Barclays launched fintech innovation platform, Rise Mumbai for fintech startups in India in partnership with 91springboard.