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The fund raised might be used to strengthen GoFloaters hybrid office answer for groups
CHENNAI, India, Oct. 28, 2022 /PRNewswire/ — GoFloaters, the main hybrid office platform in India, as we speak introduced it has secured an undisclosed quantity in seed funding. The funding is led by Loyal VC, a Canada-based international enterprise fund with 220+ investments throughout 50+ international locations. Funds might be primarily utilized to strengthen and speed up its unified hybrid office answer – WorqFlexi.
GoFloaters has constructed a one-of-a-kind unified hybrid office platform aimed toward serving to groups to work and collaborate in-person from wherever. GoFloaters prospects embrace the SaaS unicorn Chargebee, Wingify, world-class fintech Branch International, edtech startup Kraftshala, IT providers firm Ignitho, Incubyte, NotionPress to call just a few.
“GoFloaters outperformed great companies from around the world to earn this recent investment by Loyal VC,” mentioned Kamal Hassan, Managing Partner, Loyal VC. “They have done an impressive job of building up partnerships India-wide to offer an innovative new real estate model to corporations. We are delighted to work with them, and to support them through our network of global mentors as they grow in India and beyond,” Mr Hassan added.
Founded by Shyam Sundar Nagarajan and Srivatsan Padmanabhan in 2017, GoFloaters pioneered the idea of low-cost coworking desks with work cafes. GoFloaters at present affords 2000+ on-demand coworking areas, assembly rooms and long-term places of work throughout 40+ cities in India together with a strong presence in Tier 2 & 3 cities. GoFloaters has curated these work and assembly areas by partnering with over 250 coworking suppliers together with WeWork, Cowrks, 91Springboard, AWFIS, Indiqube and OYO.
“In the post-pandemic world, office space needs have been radicalized. ‘The Great Resignation’ and ‘Quiet Quitting’ movements signaled the demand for healthier work-life balance. Employees no longer want to commute to office campuses. They want alternatives to beat isolation, productivity issues and other work-from-home challenges. With company support, employees want workspaces on the go that are outside of home but closer to home. They want flexible spaces to meet, collaborate and bond without returning-to-office. All this together has expedited the adoption of on-demand flexible coworking, meeting and hybrid workplaces, which we have been advocating since long,” mentioned Founder and CEO, Shyam Sundar Nagarajan, GoFloaters. He added, “GoFloaters is helping companies seamlessly transition to a hybrid workplace model with WorqFlexi, a unified hybrid workplace solution.”
Congratulating on this important milestones, R U Srinivas, Sr. VP, People Success, Chargebee, added, “In a post-Covid world that’s still figuring out work models that keep employees at the heart of its success, GoFloaters has been a great partner in helping us adapt to the changing needs and demands of the people that contribute to our business’s success. At Chargebee, we have been continuously developing an operating format that provides flexibility, convenience, and compliance — both for our people and the business. We have implemented what we call the Adaptive Workplace Model – a sustainable operating format that gives our people, who are spread over 22 cities in India, the fluidity to do their best work, while being adaptive to business needs and external environments. Our experience with GoFloaters, to that end, has been great from the beginning with a data-driven approach and extremely proactive support.”
“GoFloaters made the whole process simple and convenient for us,” mentioned Vineet A, Executive General Manager, GAIN Credit. He added, “Providing our teams across India the flexibility to work near their home location and collaborate in person was crucial for employee experience and business. Working with GoFloaters, we set up on-demand collaboration hubs in Noida, Gurugram, and Bengaluru.”
GoFloaters’ revolutionary platform helps companies and groups e book an area of their alternative and helps the administration to provision, monitor and measure the result of their hybrid office technique. The platform additionally affords Virtual Offices in choose cities. GoFloaters has grown 100% month on month publish pandemic. More than 80% of its reserving comes from B2B groups for assembly areas, offsites, in-person interactions and day places of work for groups.
About GoFloaters
GoFloaters is a hybrid office platform. Workspaces can simply be booked on-line by the app or internet – assembly rooms by the hour or a day and coworking desks for a day. GoFloaters additionally affords long-term workplace areas in India and Virtual Office providers.
About Loyal VC
Loyal VC is a worldwide enterprise fund with 220+ investments throughout 50+ international locations. The fund is designed to attenuate systemic bias inherent within the funding course of, unlocking higher returns. The Loyal Startup Index Fund has delivered sturdy returns since its launch in 2018, due to its collaborative, staged funding course of, its community of over 500 international advisors, and its partnerships with the Founder Institute, the world’s largest pre-seed accelerator, and INSEAD, rated the #1 non-US business college for unicorn founders by Pitchbook. Loyal’s international start-up index fund is inclusive of a various, usually mission-driven, group of entrepreneurs. To date, over 30% of the portfolio have a girl CEO, nearly 30% are from rising markets, and round 80% deal with a number of of the United Nations Sustainable Development Goals (UNSDGs). Learn extra at: https://loyal.vc/
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