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.

Must Read

How to choose an effective DDoS mitigation plan

There are several flavours from which to choose when selecting an effective DDoS mitigation strategy. Most enterprises opt for one of the cloud protection flavours (always-on or on-demand)

How tech bolster security of online gaming platforms

The rise of online and is evident throughout the world’s financial capitals with the UK, US, and a few other European nations at the forefront

Explained: The evolving nature of cybersecurity threats

Concerns such as hacking and the presence of computer viruses have existed for decades in one form or another. As technology evolved over the years, so did the cybersecurity  threats themselves.

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, Mumbai 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 culture 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.

Subscribe to receive the day's headlines from Tech Observer straight in your inbox

Leave a Reply

*The moderation of comments is automated and not cleared manually by techobserver.in. Embedding of any link and use of abusive or unparliamentary language are prohibited.
- Advertisement -

Latest in TECH

Sapience Analytics signs distribution agreement with Redington

Sapience Analytics and Redington said that they have entered into a distribution agreement where latter will resell the Sapience Vue solution through its network of over 30,000 channel partners, system integrators, and value-added resellers countrywide.
- Advertisement -SAP Hana

Related Articles