Awfis raises funding for its affordable and tech-savvy co-working space

September 8, 2019
Share this Post: 

Indian co-working space aggregator, Awfis, has raised $30 million in its fourth funding round led by Chrys Capital

Co-working spaces are one of the biggest examples of disruption in the real estate space. With over 450 co-working places in the country currently, these spaces in India have transformed the office culture of India. 

Awfis, a co-working startup founded in 2015, by Amit Ramani recently raised US$30 million in the fourth funding round led by Chrys Capital. Existing investors, Sequoia India and The Three Sisters Institutional Office also participated in the current round.  Currently, it has 30,000 seats across 63 centers in 9 cities.

Entrepreneur India got in touch with Amit Ramani, CEO and Founder of Awfis, on the funding, expansion and plans for the future

Ramani says that co-working spaces have disrupted the commercial real estate segment. He says, “The Indian commercial real estate sector was highly unorganized with little to no transparency and lack of conducive work environment. Coworking spaces identified a gap which existed in the CRE segment for Grade A workspaces at affordable prices and are providing flexible solutions to their clients.”

With this fundraise, Chrys Capital has ventured into co-working for the first time, “We have a long-established history of investing across financial services, healthcare, life sciences and consumer brands etc. so far. With Awfis, ChrysCapital has now ventured into the co-working sector for the first time.”

Read more here

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

Blue Banner 899 Euros Madrid Ppw 2019

September 8, 2019

Subscribe to our mailing list to get the famous, free Friday newsletter!

News and analysis to help build better online marketplace businesses, in your inbox, every Friday

Related News

Investment Roundup 14Mar
Funding and Investment Roundup: Adevinta, JustMoveIn, REA Group, Tomo Mortgage

This week's funding and investment roundup starts with the now not-so-surprising news that Adevinta is selling...   Europe: Adevinta sells...

Read More
Product Update 2025Mar14 1
Product and Services Roundup: Domclick, Samolet, Homele, Dubizzle, Jitty

This week's product roundup has some interesting news from two Russian businesses...   Europe: Domclick launches house building services and...

Read More
Rightmove Row Of New Housees 2
Rightmove Appoints Amanda James as Non-Executive Director and Audit Chair

Rightmove has appointed Amanda James as a non-executive director (NED) and chair of its Audit, Nomination, and Corporate Social Responsibility...

Read More
Redfinrocketacq 3
Rocket Agrees to Acquire Redfin for $1.75 Billion

Rocket Companies has entered an agreement with the brokerage Redfin for $1.75 billion after gaining approval from the Boards of...

Read More

Editor's Pick