Awfis

The consolidated net profit of Rs 2.78 crore marked a significant turnaround from the Rs 8.30 crore net loss recorded in the same period last year.

Peak XV Partners clocks 3X returns from Awfis investment in seven years

The VC fund has generated Rs 607 crore on a total investment of Rs 206 crore, based on the current return multiple. That only translates to a return of 3X in seven years which is not lucrative for venture funds.

Coworking firm Awfis' Rs 600 crore-IPO to hit market on Wednesday

The company has fixed a price band of Rs 364-383 per share for its maiden public issue, which will open on May 22 and conclude on May 27.

IPO-bound Awfis’ Amit Ramani on the startup’s differentiated business model, demand for co-working spaces in India

Post the IPO, Awfis’ largest shareholders Peak XV’s stake will decline to 10-11 percent and ChryCapital’s holdings through its unit Bisque will go down to about 13-14 percent stake, Ramani said.

ChrysCapital & Peak XV backed Awfis picks 3 i-banks for 2024 IPO; first ever by a co-working space startup

Chennai based Awfis competes with the likes of WeWork, Smartworks and Tablespace. The segment has seen a sharp recovery post Covid-19 with a bulk of the demand coming from the IT sector.

Awfis launches new co-working centre in Kolkata spread over 13,000 sq ft

The new centre is located at Rashbehari Connector close to E.M. Bypass and will add 13 centres to the company's co-working portfolio in Kolkata.

Co-working firm Awfis ties up with Nucleus Office Parks to set up 450-desk centre in Mumbai

In a statement, Awfis said it has opened its first premium category centre 'Awfis Gold' in Mumbai.

After two waves of Covid-19, co-working spaces spearhead the hybrid work model

More developers of commercial office assets across the country are expected to align with co-working operators and carve out specialised spaces for them.

Prestige Group, Awfis to provide 5 lakh sq. ft of flexible working spaces; invest Rs 110 crore

The collaboration is expected to create about 10,000 seats in 12 strategically located centres across Bengaluru, Chennai, Hyderabad and Pune, which is the new addition

Awfis leases 64,000 sq ft of flex space for WayCool Foods in Bengaluru, Chennai

Awfis is expected to invest Rs 15 to Rs 17 crore on the WayFoods flex space in Bengaluru and Chennai.

Flex workspace provider Awfis strengthens presence in east, opens 2 new centres in Kolkata

With this expansion, the company has become the largest co-working player in the city with seven centres covering 2.5 lakh sq ft

Prestige Group and Awfis partner to provide 2 lakh sq ft of grade-A flexible working spaces; to invest Rs 40 crore

The collaboration is expected to create 4,000 seats in six strategically located centres across Bengaluru, Chennai and Hyderabad

Co-working space provider Awfis enters Chennai; launches first centre spread across 65,000 sq ft

Awfis hopes to grow to 5-6 centres in Chennai in the next 12-18 months and further strengthen its presence in the city in the near future

Co-working space provider Awfis launches 10th centre in Pune

The launch of the centre will inch the company closer to its vision of 2,00,000 seats in 15 cities in the next 36 months.

Testing waters: Can co-working be the lucky mascot for Oyo?

Co-working as a business model is getting all the attention. But Oyo has to deal with a tough challenge from the likes of WeWork

Awfis FY19 revenue jumps nearly 3-fold to Rs 158 crore on rising demand for co-working space

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 to triple number of co-working seats to 12,000 in Pune

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.

Awfis to expand co-working space four-fold by 2020; to be profitable in FY19

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.

Bengaluru retains top spot as India’s largest market for flexible workspaces

Initially characterised by domestic operators, the market now has a more diverse range with international entrants including WeWork, The Executive Centre and Regus

Co-working space heats up! How Awfis is planning to take on WeWork

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

VC investments in startups decline 25% to lowest in last 3 years

June quarter was the lowest quarter for Venture Capitalists (VC) investments in the last 3 years.

Co-working spaces are becoming popular in Delhi NCR

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 &#82

Co-working office spaces: Can Mumbai match the mounting demand?

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