SpringHouse looks to open 8-10 centres by December 2019

NEW DELHI: SpringHouse, a Delhi-based co-working firm, is looking to open 8-10 centres by December 2019, said
Mukul Pasricha, founder & CEO of the company.
Most of these new centres will be located in the National Capital Region. It currently has 15 operational centres across NCR.
“Apart from NCR, we are also looking at Bengaluru. We plan to open a centre their by September 2019. In Bengaluru we would be looking to open 20,000-25,000 sq ft space,” said Pasricha.
The company is also looking to raise Rs 15-16 crore post September 2019. “As of now we are bootstrap but as and when we start scaling up further, we would be looking to raise funds,” he added.
In the financial year 2019, SpringHouse generated a revenue of Rs 6 crore and is now targeting a revenue of Rs 12 crore by December 2019.
By June, the company plans to open two new centres in Gurugram; one of them is in MG-Road spread across 30,000 sq ft with a seating capacity of 500 while the other is situated in sector 44, Gurugram. It is spread across 10,000 sq ft and will have 135 seats.
It also opened a centre in Noida Sector 16 with 350 seats. The 23,500 sq ft space is taken up from Pioneer House.

Sources: realty.economictimes.indiatimes.com

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