Smartworks to infuse $25 mn in tech venture for workspace management

16 Dec 2021 CW Team

The new company 'Smartworks Technology Services' will be a 100% subsidiary of Smartworks, and it strives to roll out a building operating platform and workspace management SaaS product.

Launched in April 2016, Smartworks presently has a portfolio of approximately 5.3 million sq ft of office area across over 32 sites in nine main cities. Smartworks has selected Anuj Nangpal as the Chief Executive Officer (CEO) to lead this new enterprise. Anuj joins Smartworks Technology Services from a $100 million global fund infusing in Proptech -- JLL Spark.

They will pump in $25 million to develop this new business, Smartworks founder Neetish Sarda told the media. The firm has already acquired 12 clients in this new venture, Harsh Binani, co-founder, Smartworks, told the media. Explaining the new venture, Sarda said that the demand for flexible workspace has increased rapidly since the Covid-19 pandemic.

Technology has been at the core of their managed offices since their inception and will now operate as a key enabler towards spearheading our enterprise-focused workspace solutions to the next level of growth, he added. Sarda said that the firm will provide these SaaS platforms to organisations globally to handle all their real estate requirements.

Built in-house for improved performance and efficiency, their 400+ clients are already profiting from these technology solutions. Also, these SaaS solutions have been sold to external enterprise clients. The workplace management SaaS product will combine technology with safety, flexibility, privacy and security while prioritising employee health, well-being and productivity.

The building operating platform will permit landlords to handle their office assets more efficiently and sustainably. With Smartworks Technology services' suite of solutions, firms can seamlessly handle their office space by enhancing speed, productivity and working efficiencies.

Image Source

Also read: Smartworks to invest Rs.1 bn on shared office space

Also read: Smartworks rents out 5.6 lakh sq ft office space at M-AGILE Pune

Smartworks, which renders organised office space, will infuse $25 million (about Rs 190 crore) in its new tech venture that will provide services associated with workspace management as part of its program to develop business. The new company 'Smartworks Technology Services' will be a 100% subsidiary of Smartworks, and it strives to roll out a building operating platform and workspace management SaaS product. Launched in April 2016, Smartworks presently has a portfolio of approximately 5.3 million sq ft of office area across over 32 sites in nine main cities. Smartworks has selected Anuj Nangpal as the Chief Executive Officer (CEO) to lead this new enterprise. Anuj joins Smartworks Technology Services from a $100 million global fund infusing in Proptech -- JLL Spark. They will pump in $25 million to develop this new business, Smartworks founder Neetish Sarda told the media. The firm has already acquired 12 clients in this new venture, Harsh Binani, co-founder, Smartworks, told the media. Explaining the new venture, Sarda said that the demand for flexible workspace has increased rapidly since the Covid-19 pandemic. Technology has been at the core of their managed offices since their inception and will now operate as a key enabler towards spearheading our enterprise-focused workspace solutions to the next level of growth, he added. Sarda said that the firm will provide these SaaS platforms to organisations globally to handle all their real estate requirements. Built in-house for improved performance and efficiency, their 400+ clients are already profiting from these technology solutions. Also, these SaaS solutions have been sold to external enterprise clients. The workplace management SaaS product will combine technology with safety, flexibility, privacy and security while prioritising employee health, well-being and productivity. The building operating platform will permit landlords to handle their office assets more efficiently and sustainably. With Smartworks Technology services' suite of solutions, firms can seamlessly handle their office space by enhancing speed, productivity and working efficiencies. Image Source Also read: Smartworks to invest Rs.1 bn on shared office space Also read: Smartworks rents out 5.6 lakh sq ft office space at M-AGILE Pune

Technology

28 Oct 2025

Building Faster, Smarter, and Greener!

Backed by ULCCS’s century-old legacy, U-Sphere combines technology, modular design and sustainable practices to deliver faster and more efficient projects. In an interaction with CW, Rohit Prabhakar, Director - Business Development, shares how the company’s integrated model of ‘Speed-Build’, ‘Smart-Build’ and ‘Sustain-Build’ is redefining construction efficiency, quality and environmental responsibility in India.U-Sphere positions itself at the intersection of speed, sustainability and smart design. How does this translate into measurable efficiency on the ground?At U..

Infrastructure Transport

28 Oct 2025

Smart Roads, Smarter India

India’s infrastructure boom is not only about laying more kilometres of highways – it’s about building them smarter, safer and more sustainably. From drones mapping fragile Himalayan slopes to 3D machine-controlled graders reducing human error, technology is steadily reshaping the way projects are planned and executed. Yet, the journey towards digitisation remains complex, demanding not just capital but also coordination, training and vision.Until recently, engineers largely depended on Survey of India toposheets and traditional survey methods like total stations or DGPS to prepare detai..

Real Estate

28 Oct 2025

What Does DCPR 2034 Mean?

The Maharashtra government has eased approval norms for high-rise buildings under DCPR 2034, enabling the municipal commissioner to sanction projects up to 180 m on large plots. This change is expected to streamline approvals, reduce procedural delays and accelerate redevelopment, drawing reactions from developers, planners and industry experts about its implications for Mumbai’s vertical growth.Under the revised DCPR 2034 rules, buildings on plots of 2,000 sq m or more can now be approved up to 180 m by the municipal commissioner, provided structural and geotechnical reports are certified b..