India, Nov 20:-Stylework, India’s leading SaaS-based co-working and managed workspace aggregator, has successfully secured Pre-Series B funding at a cap pre-money valuation of INR 250 Cr, following the first close of INR 10 Cr led by Equentis Angel Fund, with participation from Karekeba Ventures / Cogniphy AIF Fund and continued subscriptions from Lets Venture Fund, MoneyVyapaar, HNIs, and other strategic investors.
The company plans to deploy the newly raised INR 30 Cr toward technology enhancement, domestic and international market expansion, and hiring key leadership in transactions, business development, and product growth roles. These funds will also support Stylework’s expansion of its AI-driven marketplace for operators, clients, and channel partners, predictive analytics, utilization-to-cost dashboards, and key partnership initiatives, while deepening its market penetration in Tier-1 and emerging Tier-2 and Tier-3 cities across India.
“We’re witnessing a fundamental transformation in India’s workspace market, poised to reach a $10 Bn flex portfolio in the next 2–3 years,” said Sparsh Khandelwal, Founder & CEO of Stylework. “While many workspace operators are raising marquee investments through public listings, Stylework, as a leading aggregator, is setting new benchmarks. Our model uniquely serves as an intelligent data arbitrage layer, connecting enterprises to the entire flexible workspace ecosystem. It creates unparalleled value for corporates seeking flexibility, cost optimization, and nationwide portfolio management through Master Service Agreements.”
In the past year, Stylework has maintained profitability while achieving INR 280 Cr in annualized GMV, selling over 70,000 seats, and expanding its network to 125+ cities. Backed by marquee investors including Capri Global Holdings, SCIF Fund, We Founder Circle, Inflection Point Ventures, Ah Ventures, and BizdateUp, Stylework has built one of India’s most comprehensive aggregator ecosystems for flexible workspaces, continuing to create significant value for stakeholders. The transaction was managed by Lexansh & Co.
“The flexible workspace sector in India is at an inflection point, driven by evolving enterprise needs and the shift toward managed and serviced workspace models. Stylework is uniquely positioned to capitalize on this transformation through its strong technology backbone, robust partner network, and profitable growth trajectory,” said Manish Goel, Founder & MD, Equentis Wealth. “Our investment underscores confidence in Stylework’s vision to redefine the future of workspaces in India.”
India’s flexible office market, currently valued at $3.5 billion, is projected to reach $11.39 billion by 2028–29, growing at a CAGR of 13.7%+. With enterprises increasingly adopting serviced workspace models and global capability centers establishing large offices in India, Stylework’s Master Service Agreement-led, tech-enabled platform continues to capture this demand via Flexboard and other products, connecting 650+ coworking and managed office operators (5000+ centers) to enterprise clients nationwide.
