Smartworks, which is a homegrown shared office space provider, has now secured the funding of $25 million from the Singapore Keppel Land Limited in the funding round of Series A.
The startup, which is started by the Harsh Binani and Neetish Sarda in the month of April 2016, the company was bootstrapped so far and turned profitable in the second year of its operations.
It’s center as of now cater to more than 400 organizations, comprising mainly large enterprises and high growth startups such as the Bacardi Limited, E&Y, Amazon Web Services, Jaguar Land Rover, Pentronash, Red Hat, Hitachi, Samsung, and Ricoh.
Neetish said, “We are excited to continue driving our exponential growth in our mission to deliver lasting and affordable office experiences with state-of-the-art office infrastructure and recreational facilities for India’s leading enterprises in partnership with Keppel Land.
“The flexible space segment in India has been growing rapidly, and Smartworks has been an active participant in this business over the past three years, with a large and widespread network across nine cities. Smartworks is also already cash flow-positive and is profitable at a consolidated level. With this strategic investment by Keppel Land, we will be able to scale up even more rapidly across India’s Tier I and II cities and further invest in building up our next generation product, improving client experiences, as well as boosting our talent and technology.”