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Tuesday , 21 August 2018
Breaking News

GoWork eyes $ 200mn in its next fund-raising round with PE investors

Registers a 37% M-o-M growth rate, plans to woo multinational corporates with 50 centers across India in next 5 years

Gurugram, August 8, 2018: GoWork, the world’s largest collaborative co-working ecosystem, recently announced its plans to raise $200mn from PE investors during its next funding. GoWork is a thriving ecosystem for entrepreneurship and aims to utilize the funds acquired to realize its massive expansion plans, which includes launching at least 50 campuses across the country in the next 5 years. 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.

GoWork, which has already established itself as a pioneer in India’s emerging co-working space has registered a M-o-M growth rate of 37%. 

Commenting on GoWork’s progress, 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.”

Through world-class amenities, GoWork aims to increase the profitability of businesses by providing them state-of-the-art facilities at only a fraction of the cost that it would take them to otherwise own or hire a dedicated office space. GoWork also offers a high-speed 2 Mbps internet access to individuals. 

Owing to its diverse offerings for millennial workforce, GoWork has already developed a strong clientele with brands such as Zomato, Paytm, Lifelong, etc., on its list. With an equally well equipped second campus and a focused approach towards completing a successful funding round, GoWork is all set to emerge as the leading symbol of India’s transforming work culture.

 

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