April 13, 2021 7:14 pm
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GoWork mulling to raise $200 million from PE investors

GoWork said that it plans to raise $200 million from PE investors during its next round of funding.

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GoWork said that it plans to raise $200 million from PE investors during its next round of funding. The co-working space provider is looking for expansion plans by launching at about 50 campuses across India in the next 5 years, said a statement. The expansion will start from top metro cities such as prime regions of Delhi, and Bangalore following a Joint Venture model with big brands and corporates to revamp their existing office spaces, making them more comfortable through a co-working vibe. The company claimed that it has registered an M-o-M growth rate of 37%.

Sudeep Singh, Co-Founder and Chief Evangelist, GoWork, said, “The co-working segment is growing rapidly in India and we want to strengthen our position as the leading player in the domain through rapid expansion. With increasing competition, we foresee a massive upsurge in the market combined with a of consolidations, buyouts and mergers. We want to move in this direction following our policy of ownership of spaces that offers greater flexibility to our clients.”

GoWork said that it has developed a clientele with brands such as Zomato, Paytm, Lifelong among others.

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