Smartworks Coworking raises $25 mn from Singapore realty firm Keppel Land

Smartworks, which has 23 operational centres in 9 cities and offers 43,000 workstations over 2.3 mn sq ft, plans to grow to 20 mn sq ft and seat 200,000 professionals over the next five years

Noida-based shared workspace provider Smartworks Coworking Space Pvt Ltd (Smartworks) has raised $25 million from Singapore-based real estate firm Keppel Land Ltd. Smartworks, whose centres can seat 43,000 people across nine cities, plans to expand capacity five times over.

Smartworks has 23 operational centres in nine cities and offers 43,000 workstations over 2.3 million square feet. Over the next five years, it plans to grow to 20 million sq ft and seat 200,000 professionals. It has 400 clients, including Amazon Web Services, Bacardi, DHL, and EY.

This investment allows Keppel Land to enter one of the fastest-growing flexible office markets. “There are