Newchip’s Recent graduate, Stylework, just announced they have raised nearly $550,000 USD, and a strategic undisclosed investment amount in a pre-Series A round led by the angel network Inflection Point Ventures (IPV). The Stylework team will be investing the funds raised to expand their Indian network in tier-1 cities: Bengaluru, Mumbai, Hyderabad, Pune, and Chennai.
Stylework is an emerging management consultancy in the field of commercial real estate with expertise in coworking and event management, and a pan-Indian presence. Their mission is to give unconventional solutions for all workspace related issues. Their platform curates a list of locations (coworking spaces, private offices, or meeting hubs), to carry out their client’s daily activities and work around the clock without any hassle.
Styleworks Founder Sparsh Khandelwal joined the Newchip Accelerator in our July 2020 cohort. Sparsh was extremely driven and dedicated to driving numbers and increasing awareness for Stylework. The company participated in an Online Demo Week last year and learned the ins and outs of fundraising, mentorship, and networking while in the six-month program.
“Sparsh is one of the most focused entrepreneurs I have met. In every meeting with him, you could tell his deep understanding of Stylework’s market. Not only did he show awareness regarding what must be done to grow the company but also mastery of the fundraising concepts and their application”Newchip Mastermind Advisor, Fernando Moreno Cortina.
Our goal with our accelerator program has always been to give founders the footing and knowledge they need to scale forward, from Launch to Exit. It’s fulfilling to watch founders graduate and get to the next stage. It is definitely monumental when one of our recent grads is featured in Entrepreneur Magazine.
Our VP of Startup Success & Investor Relations, Kyle Croyle, also pointed out the founder’s outstanding preparedness:
“The growth trajectory of his company Stylework, and their success fundraising, comes as no surprise. We can’t wait to see what he can accomplish far into the future and look forward to helping him out wherever we can.”VP of Startup Success & Investor Relations, Kyle Croyle
We’re thrilled with Stylework’s recent development in the Indian Coworking market and are excited to see their growth in the industry over the next few years. It’s only up from here, Stylework!