Smartworks raises Rs 1.68 bn to expand flexible office solutions

03 Jul 2024 CW Team

Smartworks, a leading provider of flexible office spaces, has successfully raised Rs 1.68 billion in a funding round led by Keppel Corporation. This investment is aimed at accelerating Smartworks' expansion plans across India and enhancing its portfolio of smart and scalable workspace solutions.

The funding round, which also saw participation from existing investors, underscores confidence in Smartworks' business model and growth trajectory amidst the evolving workspace dynamics post-pandemic. Smartworks is known for its innovative approach to coworking spaces, offering tailored solutions that cater to the diverse needs of businesses and professionals.

The fresh capital infusion will be utilised to bolster Smartworks' presence in key markets, including Tier-II cities, and to enhance its technological capabilities. This includes integrating smart technologies and sustainable practices within its workspace offerings, aligning with global trends towards flexible and efficient work environments.

Smartworks' expansion comes at a time when the demand for flexible office spaces is on the rise, driven by a shift towards hybrid work models and increased focus on employee well-being and productivity. The company aims to leverage this funding to further strengthen its market position and meet the growing demand for flexible workspace solutions in India.

Overall, the funding represents a significant milestone for Smartworks as it continues to innovate and expand its footprint in India's dynamic commercial real estate sector.

Infrastructure Urban

30 May 2026

Vedanta Secures AA+ Rating from ICRA

Vedanta Group has received its highest domestic credit rating in over a decade after ICRA upgraded the long-term ratings of Vedanta Limited and Vedanta Aluminium Metal Limited to AA+ with a Stable outlook. Talwandi Sabo Power Limited was also upgraded to AA-/Stable from A+/Watch Developing, while the group’s short-term rating was reaffirmed at A1+.The rating action marks Vedanta’s highest domestic credit rating since 2014. Vedanta Limited and Vedanta Aluminium Metal Limited, two of the largest entities emerging from the demerger, together account for over 75 per cent of the group’s long-..

Netrasemi Launches Edge AI Chip A2000

Fabless semiconductor startup Netrasemi has launched its flagship Edge AI system-on-chip, A2000, after achieving successful silicon bring-up. Fabricated at TSMC’s 12 nm technology node, the chip is designed for on-device AI, smart vision, real-time video analytics and secure edge computing.A2000 features Netrasemi’s in-house Neural Processing Unit, Vision Processing Unit, Image Signal Processor, crypto engines and other hardware acceleration IP cores. It also uses the company’s patented heterogeneous graph-stream parallel processing architecture.The chip targets applications such as smar..

Sigenergy Launches AI Agent For Energy Systems

Sigenergy has introduced SigenAgent, described as the energy industry’s first all-domain AI agent, during its ‘AI in All’ event. The platform is designed to move solar-and-storage systems from reactive hardware to autonomous, goal-driven energy systems for households and businesses.SigenAgent works through a continuous loop of perception, reasoning and action. It analyses real-time factors such as weather patterns, electricity prices and grid conditions to determine and execute the most efficient operating strategy. Users can set broad goals, such as reducing electricity bills or securin..