In a significant move that underscores our commitment to fostering entrepreneurial growth in India, India Accelerator has invested $4 million to expand our co-working space footprint by an impressive 2.5 lakh square feet, as reported by Hindustan Times this strategic expansion will see the addition of seven new centers in Pune, Gurugram, and Noida, effectively doubling our total footprint to 4 lakh square feet.
Expansion Details
The expansion includes:
- Noida: 3,200 new seats
- Gurugram: 900 new seats
- Pune: 400 new seats
This move highlights India Accelerator’s commitment to supporting startups and enhancing the entrepreneurial ecosystem in India.
Supporting Startups
“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,” said Abhay Chawla, co-founder and chief operating officer of India Accelerator.
Growing Presence
India Accelerator also operates a center covering 15,000 square feet in Ahmedabad. The company’s total number of seats has increased to approximately 7,000, up from 2,400 before the expansion. This growth demonstrates the effectiveness of its support system for startups.
Founded in 2017 and headquartered in Gurugram, India Accelerator has quickly become a key player in the tech startup sector, offering co-working spaces and other services. The company has expanded its portfolio to include more than 200 startups.
Comprehensive Support
India Accelerator’s ecosystem provides a range of support services, including:
- Mentorship: Guidance from industry leaders
- Networking: Access to a network of investors, mentors, and entrepreneurs
- Funding: Support through early-stage investments, including the joint venture Finvolve, three alternative investment funds, and a Gift City fund
Future Plans
“We are excited to embark on this journey of expansion, which will enable us to cater to a wider audience of innovators, creators, and entrepreneurs, providing them with the infrastructure and support they need to thrive,” Chawla said.
The co-working space sector in India is expected to grow significantly, and India Accelerator aims to be at the forefront. The company’s latest investments are designed to meet the evolving needs of startups and entrepreneurs.
India Accelerator’s network, infrastructure, and support systems continue to empower startups across India, building a brighter future for the entrepreneurial community.