Smartworks Raises Rs 168 Crore To Fuel Expansion Plans 

Smartwork, a workspace platform, today announced that it has raised Rs 168 crore this year from investors including Keppel Ltd., Ananta Capital Ventures Fund I, Plutus Capital, family trusts, and certain high-net-worth individuals in private funding rounds. Neetish Sarda, Founder of Smartworks, said, “Capital from the latest fund raising will be used for the growth and expansion of the business of the company and to meet its general corporate expenses.” The bulk of Smartworks’ shares are still owned by the company’s promoters. Among its important and well-known investors are Keppel Ltd., Mahima Stocks Private Limited, and Deutsche Bank A.G. London Branch. Read: SoftBank’s Vision Fund 2 Pours Massive Investment Into Perplexity AI, Valuation Hits $3 BillionLouis Lim, CEO, Real Estate of Keppel Ltd., said, “This investment maintains our long-term involvement in India’s commercial office market as we look to expand Keppel’s office portfolio in India and support the country’s rapid urbanization through our innovative urban space solutions.” Since 2019, Singapore-based Keppel Ltd. has been a prominent and longstanding investor in Smartworks, having invested $29 million in the company to date. 

Buy cryptocurrency

Source link

Refer And Earn Demat Account – Get ₹300 | Referral Program

Open Demat Account In Angel One For FREE