Bangalore: Mumbai based office sharing and renting marketplace, MyCuteOffice raises an undisclosed amount from Lead Angels in seed funding round. The fund will be utilized to expand its team and plans to focus on Mumbai operations in July and will enlarge to Bangalore and Delhi by the end of this year. The company is also looking forward to invest the new funding in building and experimentation in terms of market capturing exercises.
Incorporated in 2015 by Abhishek Barari, Rahul Shelke, and Neelay Jain, MyCuteOffice provides space for startup entrepreneur to get their first offices with low cost by using vacant space of large companies. Currently, the company is functioning in 6 cities including Mumbai, Bangalore, Hyderabad, New Delhi, Noida and Gurgaon. The firm claims to have more than 1553 workstations and has linked to over 400 space seekers to space providers in the last couple of months.
Expanding its reach, the firm is setting up to launch a mobile app and plans to expand its services to tier-II cities after the next round of funding. MyCuteOffice is also planning to raise another round of funding in the next three months from the investors, including Nexus Venture Partners, IDG Ventures, Accel Partners, Helion Venture Partners and Bessemer Venture Partners.