ABL Workspaces raises Rs 15 crore from Canada-based Ethik Inc

By Kevin Colleran On Nov 29, 2021

New Delhi: ABL Workspaces, an operator of coworking spaces, has raised Rs 15 crore from Canada-based Ethik Inc. as part of its Series A funding round.

The capital will be used by the company to expand its seating capacity and centres in the Delhi-National Capital Region. It also intends to develop the team and its technology.

Founded in December 2017, ABL Workspaces has nine centres in Delhi NCR — catering to several leading brands, including Ariston Thermo (Racold), Kotak Mahindra Bank, Netambit, Clovia and Simba beer. It aims to expand its seating capacity to 15,000 by 2023 from 2,470 at present.

“I believe the funding will help us to transform the perspective — the way occupiers look at office space in the future,” ABL’s cofounder and CEO Akshita Gupta said. “We look forward to expanding our seating capacities to accommodate more businesses. The fresh capital will enable us to strengthen our team and technology more efficiently.”

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