
Collaborative coworking space provider Awfis has raised $20 Mn from Sequoia India.
Commenting on the investment Amit Ramani – Founder & CEO, Awfis said, “We have seen a huge demand in the market for coworking spaces and have created a shared economy platform that leverages technology. Awfis
The startup plans to use the funds to grow its network of centers, launch new products/services and further enhance the existing technology platform. The company is planning to establish 100+ centers with 35,000+ seats across Mumbai, NCR, Bengaluru, Chennai, Hyderabad, Kolkata, and Pune in the next 24 months.
Awfis was founded by Amit Ramani in 2015, with strategic backing from The Three Sisters: Institutional Office (TTS:IO). TTS:IO was established in 2012 for promoting new age entrepreneurship.
Awfis offers customers the facility to book workplaces for a period, ranging from an hour to eleven months. It can be done through their mobile app – available on Android and iOS platform. Apart from its own managed pro-working spaces, Awfis also offers a repository of third-party meeting rooms in hotel brands like Lemon Tree Hotels, Hyatt, and Trident, amongst others, across India.
As per a company statement, the startup currently has a network of over 7,500+ seats across 21 centres in eight cities in India. It currently comprises a community of over 5,000 Awfis members – including entrepreneurs, SMEs, freelancers and business corporates. The startup currently has a team of about 130+ professionals.
Click here to refer to the list of ‘Top 60 Startup Coworking Spaces In India’
Coworking spaces – a more evolved concept in the west, are now a popular trend in the Indian startup community. In January 2017, business centre and coworking space provider InstaOffice, raised an undisclosed amount of Pre-Series A funding led by Globevestor. In February, Delhi-based coworking office space provider Innov8 raised an undisclosed amount of angel funding. Other coworking spaces in India include 91springboard, BHIVE Workspace, among others.