Awfis, which is a Delhi based coo-working space provider, has now secured $30 Million in the funding round of Series D led by the ChrysCapital. While on the other hand, Three Sisters Institutional office and Sequoia Capital India also participated in the round.
The startup will now be going to use the funds to expand its product and services lineup, and even further establish a presence in the new micro-markets in India, while enriching the experience for its community members.
“Our focus is to fortify our base in Tier 1 cities and further enter the newer market with expansion into Tier 2 cities,” Amit Ramani, founder at Awfis, said.
Awfis was founded in the year 2015 by the Amit Ramani. It also has around 30000 seats across the 63 centers in nine cities with a member base of around 25000 customers.
The company is offering its services to more than 1500 clients. Currently, the company has a total real estate portfolio of 2 million square feet across India.
The company is offering its services to over 1500 clients. Currently, the company has a total real estate
Ramesh Nair, CEO and Country Head, JLL India, said, “We expect more REIT launches in 2019. For institutional players, newer business around coliving, flex-spaces and proptech are opening up, giving much hope and confidence in the India growth story.”