GoFloaters raises seed fund from Loyal VC

The hybrid workplace platform has presence in most Tier I cities including Bengaluru, Chennai, Mumbai, Hyderabad, NCR-Delhi and Pune and in certain Tier II cities as well

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Gofloaters, the hybrid workplace platform has managed to raise seed funding from Canada-based venture fund, Loyal VC. The funding amount has yet to be disclosed, but what is known for certain is that GoFloaters is already functional in more than 40 cities across India.

Founded by Shyam Sundar Nagarajan and Srivatsan Padmanabhan in 2017, GoFloaters provides workplaces on demand to remote workers, solopreneurs, startups and freelancers. The GoFloaters app is available on Android and iOS. It provides flexible, multi-location access to users by partnering with shared office spaces, meeting venues and even cafes.

With a strong presence in most Tier-1 cities, including Mumbai, Pune, Hyderabad, Chennai, Bengaluru and Delhi-NCR it is trying to expand its presence in Tier-II cities as well as Tier-III.

The Chennai-based company is looking at expanding into at least 60 more cities by December 2022, including locations in the North East and Central India.

The aim of the Company is to offer plug-and-play workplaces to employees in their hometowns. The funds will be used to expand and enhance the platform’s hybrid workplace solution, WorqFlexi that helps employees to work in collaboration, in person, irrespective of their location.

It relies on various tie-ups with co-working spaces ? already about 80 in Chennai and 94 in Bengaluru.

GoFloaters may be looking at pre-series funding in about six months’ time.

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