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

    Real Estate Developers & Agents To Come Out and Register Under RERA: Anand Kumar, Chairman, NCT of Delhi RERA 

    Real Estate Developers & Agents To Come Out and Register Under RERA: Anand Kumar, Chairman, NCT of Delhi...

    Healthcare Giant Narayana Hrudayalaya Invests in Bengaluru Real Estate: Southern Market on the Rise

    Bengaluru Real Estate: Narayana Hrudayalaya, a healthcare company, recently bought a piece of land in Bengaluru for a...

    The aspiring generation driving growth of the student housing segment

    Over the past decade, India’s education system has transformed immensely. This is further accentuated by the country’s technological...

    Commercial Integration – Reshaping India’s Residential Landscape

    - by Akash Pharande, Managing Director - Pharande Spaces One important feature changing how people live and work in India's fast urbanizing terrain is the...