24-month programme for 100+ centres.

Awfis Space Solutions Pvt. Ltd., South Asia’s largest network of collaborative co-working spaces, said it will use US$20 million to grow its network of centers, launch new and innovative products/services and further enhance the existing technology platform.

Working towards achieving its target of having an Awfis centre within a 10 minutes driving radius in each of the key metros, the company plans to establish 100+ centres with 35,000+ seats across Mumbai, National Capital Region, Bengaluru, Chennai, Hyderabad, Kolkata, and Pune in the next 24 months.

Awfis received an investment of US$20 million from Sequoia India.

Commenting on the investment, Amit Ramani – Founder & CEO, Awfis said, “We have seen a huge demand in the market for co-working spaces and have created a shared economy platform leveraging technology. Transforming under-utilised real estate assets and providing a new age work environment for today’s entrepreneur will facilitate a change in preference of the conventional office user from traditional offices to new age co-working spaces.”

Awfis was jointly incubated by Amit Ramani and The Three Sisters: Institutional Office with a total capital investment of US$11 million in April 2015.

Abhay Pandey, Managing Director, Sequoia Capital India Advisors, said, “Awfis is playing on two significant global trends – sharing economy and communities. This being delivered through a superior user experience at a lower total cost makes it more exciting. We are delighted to partner with Amit and team and TTS:IO in this journey.”

In a short span of two years, Awfis has shown remarkable growth and has achieved a network of over 7,500+ seats across 21 centres in 8 cities across India. fii-news.com