Coworking Space Startup Awfis Raises $ 20 M From Sequoia India

Awfis, a one stop place that provides shared workplace raised $ 20 million from Sequoia India, only to fund its expansion plans.

This organization will use the funds to expand its existing platform to launch new products and services.

CEO and Founder of Awfis, Amit Ramani said: “We have seen a huge demand in the market for coworking spaces and have created a shared economy platform that leverages technology. Awfis is transforming underutilized real estate assets and providing an affordable and exciting new age work environment for today’s entrepreneur. We believe that this will facilitate a change in preference of the conventional office user from traditional offices to new age coworking spaces.”

Awfis plans to extend its services to more than 100 centers with over 35,000 seats across Mumbai, Bengaluru, Hyderabad, Chennai, Kolkatta and Pune. Started in 2015, the company has over 7,500 seats across 21 centers in 8 Indian cities.

Other coworking startups which raised funds from investors include The Office Pass which raised Rs. 1.5 crore from a group of individual investors led by Arun Tadanki, former MD of Yahoo Southeast Asia and India.

Fresh funding led by Awfis will aggressively expand with more hubs in more locations.