Flexible Workspace
Smartworks' Pre-IPO Performance: Revenue Soars 32% to ₹1,374 Crore, But Losses Widen to ₹63 Crore
Smartworks, an IPO-bound coworking major, reported a 32% revenue surge to ₹1,374 crore in FY25, but net losses widened to ₹63 crore. As it prepares for a July 10 IPO, the company aims to reduce expenses and achieve profitability. Funds will fuel expansion and debt repayment in India's growing flexible workspace market.
Smartworks Coworking Spaces to Launch IPO on July 10, Eyes Public Listing Amidst Sector Growth
Smartworks Coworking Spaces' IPO opens July 10, aiming to raise capital for expansion and debt repayment. The managed office solutions provider, focusing on large enterprises, reported ₹1,409.67 crore revenue in FY25. With 8 million sq ft leased across 13 cities, this listing signifies a major step for India's flexible workspace sector amidst growing demand.
UrbanVault Accelerates Growth in Gurugram with Two New Coworking Hubs, Commits ₹100 Crore for FY26 Expansion
UrbanVault launches two new coworking centers in Gurugram, adding 35,000 sq ft and 700 seats. This strategic expansion into Delhi-NCR is backed by a committed investment of ₹100 crore for FY26 to fuel pan-India growth. The move capitalizes on surging demand for flexible workspaces, particularly in Gurugram's thriving office market.