Post transaction, Sukhbir Singh will join the advisory board of the startup as an active member.
Nukleus said it has rapidly emerged as one of the biggest coworking companies in Delhi-NCR region. With the focus to cover major Tier I and II cities, Nukleus is aiming to open 10+ coworking centres across the country.
Nukleus was founded by Nipun Gupta in early 2019. The platform Nukleus is a co working office space and private office space provider in Noida.
Gupta expressed his deep interest in adding more value to the Indian office ecosystem, through collaborations and expansions in the coming years.
Whereas, Sukhir has recently invested in couple of different domain startups including LQI, eBikeGo, MEngage, and Real Learning. The singer has further plans to invests more into startups based in India.
Sukhbir and Nipun are excited to share a similar vision of making a difference in the way people spend time at the workplace, and make future workplaces more accessible, affordable, productive, and startup-friendly, Nukleus said.
Furthermore, JLL India predicted that the co-working service providers have taken space from 1.11 million sq ft in 2017 to 3.44 million sq ft in 2018, indicating rapid growth of the sector.
Small and Medium Enterprises (SMEs) along with individual professionals, together contribute 35-40 percent of the demand for co-working space, followed by startups which is 15-20 percent.