While co-working space chain BHIVE raised a decent $1 Million, its Jaipur-based (yes, this city is suddenly on top of the funding roadmap this year) co-working
space club Wired Hub, which is getting into the money raising buisness.
In a positive turn of events for a Tier II but rising rapidly city likes Jaipur, Wired Hub has raised an undisclosed amount of funding in a seed round lead by angel investors Ankit Maheshwari, a Jaipur based Chartered Accountant and Anand Singh, a seasoned Angel Investor and mentor for startups.
Both of them would be playing an advisory role for the Business Development and expansion of Wired Hub as well, while Ankit Maheshwari will be joining the board.
Wired Hub publicly opened on February 1, 2016 and since then has organized regular workshops, mentorship sessions and pitching contests in presence of Rajasthan’s top investors. Wired Hub, which currently has over 10 members and is spread in an area of over 1000 sq. ft., has also introduced a unique concept of Co-Working Club where members can avail the facilities and attend the networking events, without taking a desk space.
The membership suiting a Tier-II city, starts at a minimum of INR 2500/-
The funds would be used towards further expansion of Wired Hub to increase the number of desk spaces. It will now cover 2 floors and an area of over 2200 sq. ft. We want to provide best experience to budding startups and ensure that they have a smoother startup journey with fewer hurdles. We work closely with all our startups to help them and provide them with a direction. Also, we are planning expansion into more cities in near future.
quoted Himanshi Goyal, Co-Founder and CEO of Wired Hub.
Pawas Jain & Deepanshu Khandelwal, Founders of The Tech Portal are also the part of the founding team of Wired Hub, and had made an early investment along in the venture. Pawas recently made an acquisition in his personal capacity in Startify, to aide the online presence and growth of Wired Hub itself.
The funding also takes us towards an interestingly evolving scenario. As number of startups within the country continue to rise, and so do the prices of premium real-estate office offerings, co-working spaces are ballooning up in almost every corner of major hubs — Gurgaon, Bangalore to be specific. The trends have started emerging in Tier II cities as well, and would be interesting to see how this ultimately evolves.