Co-working Space Provider Awfis Space Secured $20 Million in Series C Funding
India’s largest co-working space provider Awfis Space Solutions has secured funds amounting to $20 million in Series C funding round. The round was led by company’s existing investors global venture capital firm Sequoia Capital, The Three Sisters: Institutional Office led by Radha Kapoor and Temasek Group company InnoVen Capital.
The funds raised through the latest funding round will be utilized for the expansion plans and the company will follow a managed-aggregation model approach to ensure better capital efficiency. Awfis Space has now increased up to 25,000 seats across 55 centres compared to 5,800 desks across 20 centres in July last year.
“The goal is to reach 40,000 seats across 90 centres from current 25,000 desks over the next one year. Deeper penetration into existing markets...