Friday, March 29

Tag: CLSA Capital

GoWork raises $53 mn debt funding from BlackRock, CLSA Capital
FUNDING

GoWork raises $53 mn debt funding from BlackRock, CLSA Capital

Coworking space provider GoWork has raised USD 53 million (around Rs 375 crore) debt funding from US-based BlackRock and CLSA Capital Partner to expand its business. GoWork currently has two coworking centres at Gurugram in Haryana, spread over 8 lakh square feet with a capacity of 12,000 seats. "GoWork has raised USD 53 million from a private fund managed by BlackRock's Private Credit team, along with CLSA Capital Partners' Special Situations Group, in a round of debt funding," the Gurugram-based coworking firm said in a statement. This is the first onshore private financing transaction in India by global investment management firm BlackRock, it added. GoWork will use this funding to further scale the business and provide value-added services to its clients. GoWork CEO &a...