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Smartworks to expand footprint, rally around USD 30 mn

Friday, 07 Sep 2018

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Smartworks, a co-working operator, is planning to raise around USD 20-30 million to expand its business three times in the next two years to 60,000 seats.

Smartworks currently has 15 operational facilities across nine cities covering 16,000 seating capacity. It will soon add three more centres, taking the total number of centres to 18 with a capacity of 20,000 seats.

The company has chalked out plans to reach 40 centres by September 2020, comprising 60,000 seats spread over three million sq ft area.

Smartworks has three centres in Pune, two each in Mumbai, Gurugram, Chennai and Bengaluru. In Delhi, Noida, Hyderabad and Kolkata, it has one centre each. It will soon open three centres in Chennai, Bengaluru and Gurugram.