Co-working space BHIVE raises $1.2 million to fuel international expansion plans

BENGALURU: Leading co-working and shared office space provider BHIVE Workspace has raised $1.2 million in a fresh round of funding, to fuel its pan-India and international expansion of premium co-working spaces.

The latest round is led by Blume Ventures, along with marquee investors like Actor-Director Ramesh Aravind, Meera Reddy, MD of SKCL and other high net-worth individuals.

In an earlier funding round in 2015, BHIVE raised around $1 million from Blume Ventures and high profile investors like Raghunandan G, Founder, TaxiForSure; Rajesh Rai, Venture Capitalist; Arihant Patni, Managing Director, Hive Technologies; Sanjay Mirchandani, Owner, Mirchandani Group; Arun Narayan, Director, UK India Business Council; among others.

BHIVE plans to expand to other major cities of India and across Asia in the coming months. Positioned as a premium co-working space, it is stepping up on the level of hospitality and technology enabled services at its centers.

BHIVE cashes on one of its key innovations, the internet technology, called BuzzNet, which is a reputed workspace internet in the country. The company is also integrating IoT and AI into its workspace technology to take member experience to a whole new level.