BHIVE Workspace has raised about $1 million in funding led by Blume Ventures.
BHIVE Workspace a workspace provider, caters to over 150+ ventures. From corporates to small businesses to freelancers, it offers a range of facilities that enable individuals and businesses to focus on their work and still have a community driven, vibrant work environment.
The company currently operates in 4 locations covering 50,000 sq. ft with over 800 active members.
With this $1 million funding, BHIVE plans to expand strongly in Bangalore while also establishing a presence in the top 6 cities of India. The funds will also be used to attract top talent, build technology that will further enhance customer experience.
Shesh Palikar, CEO and Co-Founder at BHIVE Workspace, said, “We have a diverse global team and we are running at 100% occupancy level, with a long waiting list. We will use the funding money for expansions both in Bangalore and in other major Indian cities before we venture beyond India. We will also use the money to attract top talent. We will also invest very strongly in technology, processes and brand building. We plan to have over 2 million square feet of office space under BHIVE management across 6 major Indian cities over the next 2 years.”