India Accelerator Invests $4 Million to Expand Co-Working Space by 2.5 Lakh Sq Ft
Co-working space provider India Accelerator has invested $4 million to expand its footprint by 2.5 lakh sq ft across Pune, Gurugram, and Noida.
Co Working SpaceIndia AcceleratorStartup EcosystemEntrepreneurial EcosystemFlex Space ProviderReal Estate PuneJun 26, 2024
The latest expansion initiative includes 3,200 seats in Noida, 900 in Gurugram, and 400 in Pune, taking the total number of seats to approximately 7,000. This move marks a significant milestone for the company, which has nearly doubled its total footprint.
According to Abhay Chawla, co-founder and COO of India Accelerator, 'Investing $4 million into this expansion initiative, India Accelerator reaffirms its dedication to nurturing the growth of startups and fostering a dynamic entrepreneurial ecosystem in India.' The company aims to provide startups with the full spectrum of support in their journey, catering to the entire value chain.
In addition to its co-working spaces, India Accelerator is also active in early-stage investments through its joint venture 'Finvolve', three Alternative Investment Funds, and a Gift City Fund. The company has grown its portfolio to over 200 startups, with presence in multiple locations.
India Accelerator believes that its dynamic ecosystem will enable it to cater to a wider audience of innovators, creators, and entrepreneurs, providing them with the infrastructure and support they need to thrive. The company is committed to fostering a vibrant startup ecosystem in India.
Information
India Accelerator is a Gurugram-headquartered tech startup that was launched in 2017. The company provides co-working spaces, along with other offerings, to support the growth of startups.
India Accelerator is a leading co-working space provider that has been supporting startups since its inception in 2017. The company has grown exponentially, with presence in multiple locations, and has expanded its portfolio to over 200 startups.
Frequently Asked Questions
How much has India Accelerator invested to expand its footprint?
India Accelerator has invested $4 million to expand its footprint by 2.5 lakh sq ft.
How many new centers has India Accelerator added across Pune, Gurugram, and Noida?
India Accelerator has added seven new centers across Pune, Gurugram, and Noida.
What is the total footprint of India Accelerator after the latest expansion?
The total footprint of India Accelerator is 4 lakh square feet after the latest expansion.
How many startups are part of India Accelerator's portfolio?
India Accelerator has a portfolio of over 200 startups.
What is the focus of India Accelerator's dynamic ecosystem?
India Accelerator's dynamic ecosystem focuses on nurturing the growth of startups and fostering a vibrant entrepreneurial ecosystem in India.
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