Amazon Expands in Bengaluru with 1.1 Million Sq Ft New Office Space
- Industry News
- June 20, 2024
Awfis, India’s top coworking space provider, allotted 1.34 lakh shares under ESOP 2015, raising its paid-up capital to INR 70.96 crore. This follows a 6.16 lakh share allotment in November 2024. The company faces a tax probe while reporting strong Q3 FY25 earnings and revenue growth.
READ MOREInnov8 Workspaces India, backed by Oyo Hotels and Homes, has secured a fresh investment from InCred Wealth and Investment Services at a valuation of Rs 1,000 crore. Exceeding USD 10 million, the deal will fuel Innov8’s expansion across India, with plans to double its coworking centres to 100 by 2025.
READ MORENukleus Office Solutions is launching its SME IPO on February 24 to raise Rs 31.7 crore. The funds will support expansion, technology upgrades, and marketing. Priced at Rs 234 per share, the IPO closes on February 27, with trading on BSE SME beginning on March 4.
READ MOREThe flex space sector is now India’s second-largest office leasing contributor, securing 19.8% of gross leasing with a record 15.3 million sq. ft in 2024. Delhi NCR leads, followed by Pune and Bengaluru. Experts emphasize its long-term viability, driven by enterprise demand, sustainability trends, and evolving workspace needs.
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