Noida-based Smartworks plans to raise $35m to $40m to fund the expansion of its footprint to five million sq ft by March. A number of private equity investors have approached the company, according to managing director Neetish Sarda, who said the fundraising would be a combination of equity and debt. With a portfolio totalling 2.8 million sq ft, the company claims to be the second largest multinational co-workspace operator in Mumbai after WeWork, which has around three million sq ft of space.
Noida-based Smartworks plans to raise $35m to $40m to fund the expansion of its footprint to five million sq ft by March. A number of private equity investors have approached the company, according to managing director Neetish Sarda, who said the fundraising would be a combination of equity and debt. With a portfolio totalling 2.8 million sq ft, the company claims to be the second largest multinational co-workspace operator in India after WeWork, which has around three million sq ft of space.