Coworking Startup GoWork Raises $53 Mn Debt Funding Mn From BlackRock

Coworking Startup GoWork Raises $53 Mn Debt Funding Mn From BlackRock

SUMMARY

CLSA Capital Partners' Special Situations Group also participated in the round

GoWork currently has two locations in Gurgaon with 12K seats

Its clients include Paytm Mall, Impactify Consulting, CoverFox

Gurgaon-based coworking space GoWork has announced raising $53 Mn debt funding from BlackRock’s Private Credit team. CLSA Capital Partners’ Special Situations Group also participated in the round, which would give GoWork some serious momentum in the coworking sector, which has attracted the attention of OYO most recently.

GoWork will use the funding to further scale the business and provide value-add services to its clients. It plans to have 50 centres across major cities of India by 2025. GoWork CEO Sudeep Singh said, “At GoWork, we aim to create a support system that caters to not just the physical/infrastructural requirements of companies but one that encompasses all aspects of the business. This funding is one step forward towards achieving that goal.”

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