Stylework, a SaaS-based co-working and managed workspace aggregator, has raised ₹30 crore in its pre-Series B funding round at a cap pre-money valuation of ₹250 crore.
The round was led by Equentis Angel Fund, with participation from Karekeba Ventures / Cogniphy AIF Fund and existing investors from Lets Venture Fund, MoneyVyapaar, HNIs, and other strategic investors.
The fresh funds raised will be used to enhance technology, expand into domestic and international markets, and hire key leadership in transactions, business development, and product growth roles.
These funds will also support its expansion of its AI-driven marketplace for operators, clients, and channel partners, predictive analytics, utilisation-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.
Founded in 2016 by Spaarsh Khandelwaal, Stylework is a comprehensive aggregator of ecosystems for flexible workspaces that connects enterprises with coworking and managed office operators.
It provides a unified Master Service Agreement (MSA) framework that allows companies to access workspaces across India without separate vendor onboarding.
It partners with more than 650 coworking and managed office operators operating over 5,000 centres.
In the past year, Stylework has maintained profitability while achieving ₹280 crore in annualized GMV, selling over 70,000 seats, and expanding its network to 125+ cities.
Stylework is backed by marquee investors, including Capri Global Holdings, SCIF Fund, We Founder Circle, Inflection Point Ventures, Ah Ventures, and BizdateUp.
Sparsh Khandelwal, Founder & CEO of Stylework, said, “We’re witnessing a fundamental transformation in India’s workspace market, poised to reach a $10 Bn flex portfolioin the next 2–3 years. 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.”
Manish Goel, Founder & MD, Equentis Wealth, said, “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. Our investment underscores confidence in Stylework’s vision to redefine the future of workspaces in India.”
