Thursday, April 27, 2017

Awfis raised Rs 127 crore funding from Sequoia India

Awfis Space Solutions Pvt Ltd which offers shared working spaces has raised $20 million (Rs 127 crore) from Sequoia India.

The comapny said, it will use the funds to expand its network of centres, launch new products and services, and enhance its existing technology platform. The company plans to establish more than 100 centres with over 35,000 seats across Mumbai, NCR, Bengaluru, Chennai, Hyderabad, Kolkata, and Pune in next two years.

Founder and chief executive of Awfis Amit Ramani said, Awfis is transforming under-utilised real estate assets and providing an affordable and exciting new age work environment for today’s entrepreneur. We believe that this will facilitate a change in preference of the conventional office user from traditional offices to new age co-working spaces.

Also read: Paytm opens third office in Bangalore

Awfis also aggregates and lists third party unused commercial spaces on its site. For example, one can book meeting rooms at hotels such as Lemon Tree Hotels, Hyatt, Trident, Marine Plaza, Sarovar, Beatles, etc. through the Awfis platform.

The company has a network of over 7,500 seats across 21 centres in eight Indian cities.



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