Following the recent funding round of $1 million raised by Bangalore based BHIVE, the co-working space domain seems to be flourishing with the exponential increase in the number of startups in India. In a very positive scenario, Tier II city such as Jaipur now sees a 4 month old Co-Working Space, Wired Hub, raising 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 and 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 with Himanshi on the venture. Pawas recently made an acquisition in his personal capacity in Startify, to aide the online presence and growth of Wired Hub itself.
In a city like Jaipur, where the market is still at a very nascent stage, funding and expansion plans of Wired Hub, seem to be an interesting step towards a better future.