Delhi-based One Co. Work has purchased IShareSpace for INR35m ($475,000) and said it is looking to make further acquisitions. The company plans to use the money raised from its initial public offering (IPO) in a number of ways. The deal will see the number of locations expand by three, taking the total number of seats to 1,500. There are two further IShareSpace centres due to be launched soon.
Delhi-based One Co.Work has purchased IShareSpace for INR35m ($475,000) and said it is looking to make further acquisitions. The co-workspace provider currently operates five centres in three cities with total capacity for 900 members. The deal will see the number of locations expand by three, taking the total number of seats to 1,500. There are two further IShareSpace centres due to be launched soon.