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Tuesday, August 11, 2020
Home News Spring House plans to secure $2 Mn for Expansion

Spring House plans to secure $2 Mn for Expansion

Spring House Co-Working space has now taken around 21000 sq ft office space on leases in Gurgaon, Haryana to open its 12th centre and plans to secure $2 Million for further expansion, according to the report.

The Gurgaon based startup has now taken space in galaxy Group Good Earth Business Bay commercial project to set up around 350 seater coworking center.

As of now, the Spring House has 11 co-working operational centers, totaling around 123500 sq ft area and around 2050 seats in Noida, Lucknow, Delhi, and Gurugram.

 “We recently opened our flagship property of 30,000 sq ft at MG Road, Gurugram, and now taking another property on lease in the same city proves the growing demand of the co-working spaces here. This centre will be operational by the end of this month”

Mukul Pasricha, Founder, Spring House Coworking.

He also revealed that the company has not yet secured funds as of now to run its operations, but now looking for its expansion in some other major cities like the Pune, Hyderabad, Mumbai, and Bangalore.

 “We need USD 2 million for expansion,” Pasricha said.

“The shared/flexible workspace trend has seen a rapid boom in the past few years in India. The demand for coworking spaces was initially taken up by startups, freelancers and small business owners and now MNCs and enterprises have taken the plunge,” he said.

The number of co-working operators in the country is close to 500, and they collectively operate around 950 centers, he revealed.

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Udit Agarwalhttp://vyapaarJagat.com
Udit Agarwal is a Digital Marketer and a Content Marketing Specialist, He enjoys technical as well as non-technical writing. His passion and urge for gaining new insights on gadgets, smartphones and technology has led him to vyapaarjagat. He quenches his thirst for technology through his action oriented writing skills and a profound ability to stay up to date with latest industry trends.

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