GoWork eyes USD 200 Mn fund-raising from PE investors

Last Updated: Fri, Aug 10, 2018 16:50 hrs

[India], Aug 10 (ANI): GoWork, the world's largest collaborative co-working ecosystem, has announced its plans to raise USD 200 million from PE investors during its next funding round.

An ecosystem for entrepreneurship, GoWork 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.

"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," said co-founder and chief evangelist, GoWork, Sudeep Singh.

Through world-class amenities, GoWork aims to increase the profitability of businesses by providing them state-of-the-art facilities at only a fraction of the cost that it would take them to otherwise own or hire a dedicated office space. GoWork also offers a high-speed 2 Mbps internet access to individuals.

GoWork has already developed a strong clientele with brands such as Zomato, Paytm, Lifelong, etc., on its list. With an equally well equipped second campus and a focused approach towards completing a successful funding round, GoWork is all set to emerge as the leading symbol of India's transforming work culture. (ANI)

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