GoWork eyes $ 200mn in its next fund-raising round with PE investors
GoWork, the world’s largest collaborative co-working ecosystem, recently announced its plans to raise $200mn from PE investors during its next funding. GoWork is a thriving ecosystem for entrepreneurship and aims to utilize the funds acquired to realize its massive expansion plans, which includes launching at least 50 campuses across the country in the next 5 years. The expansion will start from top metro cities such as prime regions of Delhi, Mumbai and Bangalore following a Joint Venture model with big brands and corporates to revamp their existing office spaces, making them more comfortable through a co-working vibe.
GoWork, which has already established itself as a pioneer in India’s emerging co-working space has registered a M-o-M growth rate of 37%.
Commenting on GoWork’s progress, Sudeep Singh, Co-Founder and Chief Evangelist, GoWork, said, “The co-working segment is growing rapidly in India and we want to strengthen our position as the leading player in the domain through rapid expansion. With increasing competition, we foresee a massive upsurge in the market combined with a culture of consolidations, buyouts and mergers. We want to move in this direction following our policy of ownership of spaces that offers greater flexibility to our clients.”