Awfis Raises Rs 2.68 Bn from Anchor Investors Pre-IPO

22 May 2024 CW Team

Awfis, a leading coworking space provider, has successfully raised Rs 2.68 billion from anchor investors ahead of its upcoming initial public offering (IPO). The funding round saw participation from institutional investors, underscoring strong market confidence in Awfis' business model and growth prospects.

The funds raised will be utilised to fuel Awfis' expansion plans, including the enhancement of its coworking infrastructure and technology capabilities across India. The company aims to capitalise on the increasing demand for flexible workspace solutions driven by evolving work trends and the rise of remote work.

Founded in 2015, Awfis has emerged as a key player in the coworking space sector, offering innovative workspace solutions tailored to the needs of entrepreneurs, startups, and large corporations alike. The pre-IPO funding marks a significant milestone for Awfis as it prepares to debut on the stock exchange, positioning itself for further growth and market leadership.

The anchor investor funding round highlights investor confidence in Awfis' market position and growth trajectory within the dynamic commercial real estate landscape. With a strong focus on expanding its footprint and enhancing customer experience, Awfis aims to leverage the capital infusion to drive sustainable business growth and deliver value to its stakeholders.

As Awfis moves forward with its IPO plans, the company remains committed to leveraging its strong operational foundation and customer-centric approach to capitalise on emerging opportunities in the coworking space segment.

Infrastructure Urban

13 Oct 2025

Daikin Boosts Haryana’s Innovation Push with Rs 10 billion R&D Plan

Japanese multinational Daikin Industries has committed an investment of Rs 10 billion to set up a new research and development centre in Haryana. The proposed facility will focus on advanced technologies and sustainable industrial solutions, marking a significant boost to the state’s innovation and industrial ecosystem. The announcement follows the signing of a Memorandum of Understanding (MoU) in Osaka, Japan, during a visit by a Haryana government delegation held from October 6 to 8. The MoU was signed by Amit Kumar Agrawal, Commissioner and Secretary, Industries and Commerce Department, ..

Lloyds Metals to Build Rs 250 billion Steel Plant in Gadchiroli

Lloyds Metals & Energy Limited (LMEL) has announced an investment of Rs 250 billion aimed at transforming Gadchiroli in Maharashtra from a region once associated with the red corridor into a key industrial and growth hub. The company’s plans are centred on establishing an integrated steel production ecosystem, which will contribute significantly to regional development and employment. As part of its expansion strategy, LMEL is setting up a 4.5-million-tonne blast furnace in Gadchiroli, scheduled for completion by 2027–28, along with another 1.2-million-tonne facility in Chandrapur by 2029..

UPI Crosses 500 Million Users, Fuels MSME and Digital Growth

The Unified Payments Interface (UPI) has achieved a new milestone, surpassing 500 million consumers and 65 million merchants across India. The platform, developed by the National Payments Corporation of India (NPCI), has expanded its reach to nearly 99 percent of the country’s pin codes, underlining its deep penetration into both urban and rural markets. According to a report by NPCI and the Boston Consulting Group (BCG) launched during the Global Fintech Fest 2025, UPI has evolved from being a digital payments mechanism into a key enabler of financial inclusion and small business growth. I..