GoWork In Process Of Raising $200 Million Investment

    Date:

    Share post:

    Gurgaon-based GoWork is eyeing a major funding. Recent reports state that  GoWork is in the process of raising $200 million (about Rs 1,375 crore) from private equity funds.

    Deemed as the provider of India’s largest co-working space, GoWork reportedly plans to utilize the funds for its expansion plans that include launching at least 50 campuses across the country in the next five years. Currently, GoWork has three locations in Gurgaon and one in Delhi.

    “The co-working segment is growing rapidly in India and we want to strengthen our position as the leading player in the domain through rapid expansion,” Money Control quoted Sudeep Singh, co-Founder, and Chief Evangelist, GoWork, as saying. “With increasing competition, we foresee a massive upsurge in the market combined with a culture of consolidation, buyouts, and mergers.”

    With funds pouring in, GoWork plans to start expansion to other metro cities such as Delhi, Mumbai, and Bengaluru. The company is expected to follow a joint venture model with big brands and corporates to revamp their existing office spaces, making them more comfortable through a co-working vibe.

    Singh also declared that the company is looking at scaling up the business further by adding a minimum of one lakh square feet of co-working space. However, he has not divulged the name of any of the investors.

    Other big players in the co-working segment are WeWork, CoWrks, Awfis and International Workplace Group. However, GoWork claims to offer the largest co-working space sprawled over 8 lakh square feet with a capacity of 12,000 seats across its two offices in Gurugram.

    In fact, the company claims that it’s one of the facility located in Gurgaon is incidentally the largest co-working space in the world with an individual area of 4.5 lakh square feet and a capacity to seat 8000 people. Another USP of this firm is GoWork ensures that it gives significant focus to the individuals with its ‘meditation’ and’ frustration’ zones.

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    Related Posts

    Latest posts

    Noida To Get 400-Metre Circular Skywalk at Sector 62/63

    A new 400-meter circular skywalk is set to be constructed at the busy Sector 62/63 intersection in Noida....

    India’s Data Center Capacity to Cross 4,500 MW by 2030 – Colliers Report

    India’s data center capacity across the top seven cities is projected to exceed 4,500 megawatts by 2030. This...

    New Elevated Road to Connect Greater Noida and Delhi-Meerut Expressway

    The Greater Noida Authority on Friday approved a proposal to construct a 4-kilometer elevated road. This road will...

    Film City Layout Plan Submitted for YEIDA Approval

    Filmmaker Boney Kapoor and his team have submitted detailed building layout plans for the International Film City project...