Coworking and flexible working space provider ABL Workspaces raised $1.9 million in Series A from Canada-based Ethik Inc.
ABL Workspaces provides premium coworking spaces to startups, working professionals, and mid-sized businesses in nine locations across Delhi-NCR. Among its clients are Kotak Bank, Simba Beer, Netambit, and Clovia. According to the startup, it has experienced a 20-50% increase in clientele in the last six months. It plans to use the newly raised capital to increase its seating capacity across sectors. After the economy recovers from the effects of the COVID-19 pandemic, the coworking industry is expected to see a resurgence.