The promoters proceed to carry majority shareholding within the firm. Keppel., Mahima Shares Pvt Ltd and Deutsche Financial institution A.G. London Department are amongst its outstanding traders.
Neetish Sarda, Founder, Smartworks, mentioned, “Capital from the newest fund elevating will probably be used for development and enlargement and to satisfy normal company bills. We stay dedicated to our development.”
Louis Lim, CEO, Actual Property of Keppel mentioned, “Since Keppel’s preliminary funding in 2019, Smartworks has grown to turn out to be India’s main managed workspace platform. Keppel stays dedicated to supporting Smartworks’ development. This funding maintains our long-term involvement in India’s business workplace market as we glance to increase Keppel’s workplace portfolio within the nation and assist its speedy urbanisation by way of our revolutionary city house options.” Keppel has invested $29 million within the firm so far.
In FY24, Smartworks added new centres equivalent to Golf View Company Towers in Gurgaon, Logix Cyber Park in Noida, Amar Tech Middle and 43EQ in Pune and Olympia Pinnacle in Chennai. A few of the giant campuses within the firm’s portfolio embrace Vaishnavi Tech Park in Bengaluru, M Agile, 43 EQ and AP81 in Pune.
As of March 31, 2024, Smartworks had a presence in 13 cities and its portfolio comprised 41 centres spanning throughout 8 million sq ft.
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