Indian co-workspace provider Awfis has said it plans an IPO by 2022, after achieving profitability within two years of its launch. Proceeds from a recent $$30 millionm series D funding round led by ChrysCapital with be used to fund Innovative tech-driven products and expansion into additional Tier II markets. Unlike many co-workspace providers that target start-ups in India, Awfis also targets the underserved SME sector which accounts for a much larger market share.CEO Amit Ramani said the company has been growing “three times every year”. It currently has $30 million,000 seats across 63 centres and plans to expand to 200,000 seats by 2022.
Indian co-workspace provider Awfis has said it plans an IPO by 2022, after achieving profitability within two years of its launch. Proceeds from a recent $30m series D funding round led by ChrysCapital with be used to fund Innovative tech-driven products and expansion into additional Tier II markets. Unlike many co-workspace providers that target start-ups in India, Awfis also targets the underserved SME sector which accounts for a much larger market share.CEO Amit Ramani said the company has been growing “three times every year”. It currently has 30,000 seats across 63 centres and plans to expand to 200,000 seats by 2022.