On-demand Shared-Office Space Startup MyCuteOffice Raises Seed Funding

Image Source: Facebook

Image Source: Facebook

MyCuteOffice, a Mumbai-based office space sharing startup which allows businesses to rent spaces on hourly, daily and monthly basis, has raised seed funding from an angel group – Lead Angels. The company is in talks with a number of VC firms including IDG Ventures, Nexus Venture Partners, Helion Venture Partners, Accel Partners and Bessemer Venture Partners, to raise another round of funding in the range of Rs 6-9 crore in three months.

As per a VCCircle report, the raised funding will be invested into process building and experimentation in terms of market capturing exercises, said company’s cofounder & CEO Abhishek Barari, who started the firm in January this year with Rahul Shelke and Neelay Jain who are CTO and COO, respectively. Also, the firm plans to expand its team from 6 to 12, will expand its presence to Delhi & Bengaluru by year-end, as well as plans to launch a mobile app.

The startup claims to have more than 1553 workstations and facilities, and has connected over 400 space seekers to space providers in four months.