Bangalore-based coworking space BHIVE Workspace has raised about $1 Mn in a funding round led by Blume Ventures.
BHIVE Workspace currently operates in four locations covering 50,000 sq. ft, catering to over 150+ ventures and 800 active members. Its flagship center is currently running at 100% occupancy rates with many companies on waiting lists.
BHIVE Workspace, launched in November 2014, provides a fully equipped workspace with 24×7 access, round the clock security, Wi-Fi experience, UPS and generator backup, open office environment, laser printer, scanner, unlimited coffee & tea, games room, events area, terrace garden, video conferencing, conference rooms, discussion rooms, phone booths, cafeteria, and lounge facilities to the occupants.
BHIVE Workspace is founded by Shesh Paplikar, CEO and Co-founder is an NITK alumnus and ex-Bloomberg. Ravindra M.K, Co-founder is ex-SAP and heads Sales and Marketing. Monnappa Bayavanda, COO is an alumnus of NITK and IIMA and ex-Amazon and ex-i2.
Prior to this round, BHIVE had raised 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.