Smartworks

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 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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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 Secures 6 Lakh Sq. Ft. Office Space in Pune’s Balewadi, Strengthening Presence Ahead of IPO 0
- Industry News
- September 4, 2024
Smartworks has leased 6.13 lakh sq. ft. of office space in Pune’s Balewadi for Rs 4.48 crore per month, expanding its Pune portfolio to over 3 million sq. ft. This move strengthens Smartworks’ presence ahead of its upcoming IPO, as it continues to lead in the Indian flexible workspace sector.
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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 Transitions to Public Company Amid IPO Plans 0
- Industry News
- July 19, 2024
Smartworks has transitioned to a public company, aiming for an IPO. Following a $20 million funding round, its name changed to Smartworks Coworking Spaces Limited. With 41 centres across 13 cities, the company nearly doubled its revenue to ₹744 crore in FY23. Key stakeholders include NS Niketan LLP.
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