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Smartworks Reports ₹50 Crore Loss Ahead of IPO Launch 0
- Industry News
- August 23, 2024
Smartworks Coworking Spaces reported a ₹50 crore loss for FY 2023-24 despite a 50% reduction from the previous year. As it prepares for an IPO, the company plans to use the funds for expansion and debt repayment, aiming to achieve profitability amid India’s recovering coworking market.
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Smartworks Files for IPO, Signaling Ambitious Growth Plans in India’s Coworking Sector 0
- Industry News
- September 6, 2024
Smartworks, a major coworking space provider in India, has filed for an IPO with SEBI to fuel its expansion. Founded in 2016, the company aims to raise capital to enhance its offerings, reflecting the growing demand for flexible workspaces as coworking becomes a mainstream segment in Indian real estate.
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Smartworks Expands with 450,000 Sq Ft Lease in Gurugram’s ASF Insignia Campus 0
- Industry News
- October 23, 2024
Smartworks has leased 450,000 sq ft at Gurugram’s ASF Insignia Campus, expanding its flexible workspace offerings for SEZ and non-SEZ tenants. Zomato has leased 750 seats, and Smartworks plans further growth, including an IPO to raise ₹110 crore. The company reported ₹1,039 crore in revenue for 2023-24.
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Smartworks Expands Pune Portfolio with New 6 Lakh Sq Ft Coworking Hub 0
- Industry News
- May 22, 2024
Smartworks has leased a 6 lakh sq ft tower in Pune’s Balewadi, expanding its managed office portfolio to over 3 million sq ft in the city. The new coworking hub will open in October and offer over 8,000 desks, catering to the rising demand for flexible office spaces post-pandemic.
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Smartworks Expands in Gurugram with Major Lease Deal 0
- Industry News
- January 8, 2025
Smartworks has leased 4.8 lakh sq ft in DLF City Phase 5, Gurugram, for ₹94.68 crore annually, marking a significant expansion. The six-year deal includes six floors, parking for 794 cars, and rental escalation. This move reinforces Smartworks’ leadership in coworking, aligning with the rising demand for flexible, enterprise-grade office solutions.
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Smartworks Coworking Spaces Set for ₹5.5 Billion IPO, Supported by Top Legal Teams 0
- Industry News
- September 10, 2024
Smartworks Coworking Spaces is launching a ₹5.5 billion IPO, including an offer to sell 6.7 million equity shares. Legal counsel from Khaitan & Co and Economic Laws Practice (ELP) oversees the process, marking a significant milestone for Smartworks as it expands in India’s growing coworking industry.
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