Meet India’s Airbnb For Small Offices That Just Raised Funding
TECHINASIA: MyCuteOffice, India’s Airbnb for desk space and offices, just raised seed funding from angel network Lead Angels. The deal size is not disclosed. With fresh funding, the four-month-old startup aims to launch a mobile app to book offices on the go.
When Abhishek Barari and Rahul Shelke were starting the digital publishing firm Qpeka about three years ago, there wasn’t a simple tool to find desk space in Mumbai. So once they were up and running with Qpeka, they immediately embarked on a new venture by building small office facility aggregator MyCuteOffice.
The startup is a marketplace for sharing vacant work desks, offices, studios, and meeting facilities for small businesses in six Indian cities including Mumbai, Delhi, and Bangalore.
“MyCuteOffice is a disruptive business idea that provides a seamless and easy solution for small and temporary office seekers and office space owners,” says Amit Bose, member of Lead Angels.
It gives businesses more flexibility by offering space rentals on an hourly, daily, or monthly basis. While searching for space on MyCuteOffice is free for office seekers, the company makes its revenues from space providers who pay a fee of 10 percent of the rental value.
The startup also assists in registration of offices in Mumbai for INR 1,000 (US$15.6).
MyCuteOffice claims to have served 400 users.
This is the fifth investment by Lead Angels. Earlier, it had invested in health diagnostic booking platform MyLabYogi, navigation solution startup Sensus Labs, and edutech firm CarveNiche, among others.