Awfis, which was founded in April 2015, has become profitable at entity level from November last year and is targeting to launch a public issue in 2022.
Awfis, which was founded in April 2015, entered Pune market 18 months back and has established seven centres with a seating capacity of over 4000. Now, it has chalked out a plan to add 8,000 seats more by opening 14 new centres over next one year.
The company had in July raised $20 million (about Rs 137.57 crore) from a few investors, including Sequoia India, for expanding its operations and could raise more if required, its founder and CEO Amit Ramani said.
Initially characterised by domestic operators, the market now has a more diverse range with international entrants including WeWork, The Executive Centre and Regus
Flush with funds, the startup is now looking at entering the micro markets in tier 2 and 3 towns while WeWork is still filling up its first 2,200 seat centre in Bangalore
June quarter was the lowest quarter for Venture Capitalists (VC) investments in the last 3 years.
With a thriving start-up ecosystem aided by the Modi Government‘s efforts to create an enabling environment for entrepreneurs across the country, demand for co-working spaces has been rising in recent times. Among the main R
The start-up ecosystem in the country, which for long depended solely on angel investors and venture capitalists, has today been buoyed by a slew of initiatives, like the central government‘s Startup India. Along with R