Smartworks is aiming to raise $30m to increase its footprint from 2.5m sq ft to 4m sq ft by the end of this year. The Kolkata-based start-up plans to source almost 95 percent of new space from non-traditional commercial real estate locations such as shopping malls and warehouses. Smartworks currently operates 23 centres located in tier 1 cities across India, and plans to remain mostly focused on these bigger cities where it concentrates on enterprise clients.
Smartworks is aiming to raise $30m to increase its footprint from 2.5m sq ft to 4m sq ft by the end of this year. The Kolkata-based start-up plans to source 10-15% of new space from non-traditional commercial real estate locations such as shopping malls and warehouses. Smartworks currently operates 23 centres located in tier 1 cities across India, and plans to remain mostly focused on these bigger cities where it concentrates on enterprise clients.