Hotline: 1800 102 2007
Hotline: 1800 102 2007
Nov, 04 2019

Smartworks Coworking raises $25 mn funding to increase its desk count to 65K

The Delhi-based company will be using the latest funds to increase its desk counts across the cities where it already has a presence and to foray into new markets.

By Features Writer
Smartworks Coworking raises $25 mn funding to increase its desk count to 65K

Smartworks Coworking Space, a flexible space solutions provider, has raised $25 million from Singapore-based Keppel Land.

The Delhi-based company will be using the latest funds to increase its desk counts across the cities where it already has a presence and to foray into new markets. It is planning to take the total desk count to 65,000 by the end of this year from 25,000 now.

Neetish Sarda, Founder of Smartworks Coworking Space, said, “This is series-A funding for the company and shows how global institutions still believe in the growth of coworking space. We plan to raise around $20mn addition through debt and internal accruals too.”

Tan Swee Yiow, CEO, Keppel Land, stated, “This investment allows Keppel Land to enter one of the world’s fastest-growing flexible office markets, opening doors for further growth through this collaboration.”

Currently, the company has 23 operational centres in nine cities, namely, Delhi, Noida, Gurgaon, Kolkata, Bengaluru, Mumbai, Hyderabad, Chennai and Pune, offering a total of about 43,000 workstations spread over 2.3 million sq ft. Smartworks centres presently cater to more than 400 organisations.

Harsh Binani Co-Founder of Smartworks, added, “Over the next five years, Smartworks plans to grow its footprint to 20 million sq ft and provide office solutions for over 200,000 working professionals.”

Smartworks is further eyeing to venture into cities like Bhubaneswar and Ahmedabad with small-format facilities in the coming years.

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  • Quick Service Restaurants
    About Us: We are a boardgames cafe with an ever expanding library..
    Locations looking for expansion Maharashtra
    Establishment year 2017
    Franchising Launch Date 2019
    Investment size Rs. 20lac - 30lac
    Space required 600
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Multi Cuisine Restaurant
    About Us: ‘THE KARGO’ the flagship restaurant in Koregoan park Pune,..
    Locations looking for expansion Maharashtra
    Establishment year 2016
    Franchising Launch Date 2019
    Investment size Rs. 1 Cr. - 2 Cr
    Space required 2700
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Pune Maharashtra
  • Quick Service Restaurants
    About Us: The NO 1 tea cafe in Mumbai with 54..
    Locations looking for expansion Maharashtra
    Establishment year 2015
    Franchising Launch Date 2019
    Investment size Rs. 5lac - 10lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Loha Maharashtra
  • Theme Restaurants
    About Us: No meal is as inclusive as a thali meal...
    Locations looking for expansion Maharashtra
    Establishment year 2013
    Franchising Launch Date 2019
    Investment size Rs. 10lac - 20lac
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Nagpur Maharashtra
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities