BIG BOX announces Series A Funding From Top Public Listed Company
BIG BOX Ventures Private Limited New Delhi (India), January 30: BIG BOX Ventures Private Limited (BIG BOX), a Pune-based managed workspace solution provider, has received a multi-million-dollar investment from a top publicly listed company for a minority stake. BIG BOX will use the funds to enter new markets and increase its presence at several new centres […]

BIG BOX Ventures Private Limited
New Delhi (India), January 30: BIG BOX Ventures Private Limited (BIG BOX), a Pune-based managed workspace solution provider, has received a multi-million-dollar investment from a top publicly listed company for a minority stake. BIG BOX will use the funds to enter new markets and increase its presence at several new centres in Pune to add 20,000 additional desks by the year’s end.
According to Sainath S. Hon, the company’s founder, this Series-A funding demonstrates the institutional investor’s belief in the growth of the co-working and managed workspace industries. He continued, “We also plan to raise an additional $5 million through debt and internal accruals. Over the next 3–4 years, we plan to provide managed workspaces for more than 50,000 professionals and increase our footprint to 5 million square feet.” BIG BOX is in the advanced stages of signing 200,000 square feet of Grade A office space across several projects in Pune and is exploring Bengaluru, Hyderabad, and the NCR to expand its portfolio.