Smartworks

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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Smartworks Secures Rs 168 Crore For Expansion!0
- Industry News
- July 4, 2024
Smartworks raises Rs 168 crore from investors, including Keppel Limited, to fuel its expansion. With new centres added in major cities, the company now operates 41 centres across 13 cities. Founder Neetish Sarda and Keppel Ltd CEO Louis Lim highlight continued growth and leadership in India’s managed workspace industry.
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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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