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.

Real Estate

26 Jun 2026

AGM Vijaylaxmi launches Sixty3 W.E. Bizpark

AGM Vijaylaxmi Group has launched Sixty3 W.E. Bizpark, a mixed-use commercial development in Goregaon East, Mumbai. The project includes contemporary office spaces and a high-street retail component designed to support businesses, retailers and professionals.Located along the Western Express Highway, Sixty3 W.E. Bizpark is planned as a G+25-storey commercial tower. It offers office spaces ranging from 545 sq ft to 3,200 sq ft, with a 3.60 metre floor-to-floor height aimed at improving spatial comfort, natural light and operational efficiency.The project features a high-street retail boulevard ..

Manglam Group to Develop Sheraton Hotel in Jaipur

Manglam Group has signed an agreement with Marriott International to develop a Sheraton hotel on the Jaipur–Ajmer Highway in Jaipur. The project will feature 220 keys and is being developed with an investment of around Rs 3.5 billion across more than 300,000 sq ft.The hotel marks Manglam Group’s third collaboration with Marriott International and forms part of its Rs 10 billion hospitality investment roadmap. The agreement was signed by Amrita Gupta, Director, Manglam Group and CEO, Manglam Spa and Resorts, and Rajeev Menon, President, Asia Pacific excluding Greater China, Marriott Interna..

India Warehousing Show 2026 opens at YashoBhoomi

India's warehousing, logistics, and supply chain ecosystem came together as the 15th edition of India Warehousing Show (IWS) 2026 opened at YashoBhoomi, India International Convention & Expo Centre (IICC), Dwarka, New Delhi on June 25 (Thursday). Organised by RX India, the three-day event will run from 25-27 June 2026, bringing together policymakers, industry leaders, technology providers, and supply chain professionals under one roof. It also features a two-day knowledge conference that will run alongside the exhibition. Inaugurated by Pankaj Kumar, Joint Secretary - Logistics, DPIIT..