Awfis raises $30M in a new funding round

Indian coworking space provider giant, Awfis, has raised $30 million in a new funding round to continue its growth in the ever expanding flexible office space sector.

Existing investors, Sequoia India and The Three Sisters Institutional Office also participated in the current round, the company said.

At present, Awfis has 30,000 seats across 63 centers in 9 cities with a member base of over 1,500 companies and 25,000 professionals. With more capital in place, the company will now look to expand both capacity and its functional geographies.

India has become a hotbed for coworking spaces, as the country continues to see a boom in number of startups coming up across the subcontinent. In terms of a number of startups — a rather vague term that has been used by the Government quite often — India says it stands on the second spot, behind the US. And with that ever-growing number of startups there has been an immediate need for affordable plug and play office infrastructure.

Read more here

Join us November 12-15 for the Property Portal Watch Conference Madrid 2019.