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

07 Nov 2025

Welspun Enterprises Wins 910 MLD Panjrapur WTP Contract

Welspun Enterprises (WEL), the infrastructure and energy arm of Welspun World, has secured a major contract from the Brihanmumbai Municipal Corporation (BMC) to design, build and operate a 910 million litres per day (MLD) Water Treatment Plant (WTP) at Panjrapur, Maharashtra.Valued at approximately Rs 31.45 billion, the project encompasses end-to-end civil, mechanical, electrical and instrumentation works, including the construction of a treated water sump and pumping station. Of the total value, nearly Rs 11.56 billion is allocated to Operations & Maintenance (O&M), with an additional..

Mitsubishi Power Wins Boiler Upgrade Contract for O Mon 1 Plant

Mitsubishi Power, a power solutions brand of Mitsubishi Heavy Industries, (MHI), has been awarded a contract to support the oil-to-natural-gas fuel conversion at the O Mon 1 Thermal Power Plant in Can Tho, southern Vietnam. As the OEM of the plant’s existing boiler, Mitsubishi Power will supply key equipment—including new gas burners—and implement a selective catalytic reduction (SCR) system to reduce NOx emissions and help the plant meet stricter environmental standards.The O Mon 1 facility includes two 330 MW units that commenced operations in 2009 and 2015, with all major equipment or..

Liebherr’s 10,000th XPower Wheel Loader Joins BERGER’s Fleet

BERGER Rohstoffe GmbH has welcomed the 10,000th Liebherr XPower wheel loader to its operations at the Schlag granite quarry in Passau. The milestone machine, officially handed over at Liebherr’s Bischofshofen plant in May 2025, underscores the long-standing partnership between BERGER, Liebherr, and the Beutlhauser Group. Equipped with Liebherr’s signature power-split travel drive, the new L 580 XPower is already delivering strong results under demanding quarry conditions.At the Schlag quarry, BERGER Rohstoffe processes approximately 200,000 tonnes of Bayerwald granite annually into high-qu..