Coworking Space

Coworking moves beyond offices into hospitality and retail across India

Minimalist Hotels and Bloom Hotels have adapted hotel spaces into flexible work zones

Swiss co-working major IWG to double India portfolio by 2027: Descrozaille

India to be among the firm's top three global markets in 3-4 years

Stylework raises ₹30 crore in pre-Series B round to scale operations

Workspace aggregator Stylework has secured Rs 30 crore in pre-Series B funding to boost its tech platform, expand across markets and strengthen leadership hiring amid rapid growth in India's flexible

Smartworks rents 815,000 sq. ft office space from Hiranandani Group

Smartworks has leased 815,000 sq ft from the Hiranandani Group's Eastbridge campus in Mumbai to build what it calls the world's largest managed workspace, set to open in late 2026

Dev Accelerator makes flat D-street debut at ₹61; misses GMP estimates

On the BSE, Dev Accelerator stock opened at ₹61.3, marginally up from the issue price of ₹61. The listing price of Dev Accelerator was below the grey market estimates

UrbanVault signs 80,000-sqft lease with Embassy Group at Manyata Tech Park

UrbanVault has partnered with Embassy Group to lease 80,000 sqft at Manyata Tech Park in Bengaluru, adding 2,000 premium seats and expanding its national portfolio to 2.58 million sqft

Last day! Indiqube Spaces IPO closes today; check subscription status, GMP

Indiqube Spaces aims to raise ₹700 crore through a combination of a fresh issue of 27.4 million equity shares worth ₹650 crore and an OFS of 2.1 million shares

Indiqube Spaces IPO fully subscribed on Day 2, retail investors lead demand

Retail investors lead the demand, by subscribing to their reserved portion by 5.83 times so far on July 24

WeWork India gets Sebi nod for IPO; Embassy Buildcon to sell stake

WeWork India Management has received approval from the Securities and Exchange Board of India to launch its initial public offering

Smartworks Coworking ₹582-cr IPO kicks off today; should you apply or not?

Smartworks Coworking IPO opens today: Analysts believe that the IPO is fully priced and recommend a "Subscribe- Long term" rating

Smartworks Coworking IPO opens tomorrow; key risks, strengths you must know

Smartworks Coworking was the largest managed campus operator among the benchmarked operators in terms of total stock as of March 31, 2024

Ahead of July 10 listing, Smartworks reports ₹382 cr debt as of Apr-end

Smartworks Coworking Spaces, which plans to launch IPO on July 10, has said that the company's total debt stood at Rs 382 crore at the end of April. Gurugram-based Smartworks currently has 48 operational centres with over 1.9 lakh seating capacities. "Our total outstanding borrowings as on April 30, 2025, were Rs 3,819.67 million, on a consolidated basis," the company said in a Red Herring Prospectus (RHP) filed with SEBI. Smartworks will hit the capital market on July 10 to launch its Initial Public Offering (IPO). The issue will close on July 14. The company has revised its IPO size downward. The size of the fresh issue has been reduced to Rs 445 crore from the earlier planned Rs 550 crore, while the Offer For Sale (OFS) by promoters has been cut to 33.79 lakh shares from 67.59 lakh shares. Out of the total proceeds from the fresh issue of shares, the company will use Rs 226 crore for capital expenditure related to the fit-outs in new centres and security deposits for these ne

IPO-bound Smartworks FY25 loss widens to ₹63 cr, revenue rises 32%

Smartworks Coworking Spaces, which plans to launch IPO on July 10, has posted a net loss of Rs 63.17 crore in the last financial year despite rise in income from operations. Its net loss stood at Rs 49.95 crore in the preceding 2023-24 financial year. However, the revenue from operations rose to Rs 1,374.05 crore in the 2024-25 fiscal year from Rs 1,039.36 crore in the preceding year, according to red herring prospectus (RHP) filed by the company. Gurugram-based Smartworks currently has 48 operational centres with over 1.9 lakh seating capacities. "These losses were on account of our total income being lower than the expenses for the relevant fiscal," the company said in the RHP. Smartworks said it aims to generate and sustain increased revenue levels and decrease proportionate expenses in future periods to achieve profitability. Smartworks will hit the capital market on July 10 to launch its initial public offering (IPO). The issue will conclude on July 14. The company has rev

Urban Vault to invest ₹100 crore in FY26 to expand co-working footprint

The company adds over 700 desks in Gurgaon and plans to close FY26 with an annual run rate of ₹250 crore, with further expansion across Noida, Pune and Bengaluru

Co-working operators' office leases up 48% in top 7 cities: Colliers

Co-working centre operators have rented 65 lakh square feet of office space during the January-June period this year across seven major cities, up 48 per cent on an annual basis, on rising demand for managed and flexible workspaces from corporates, according to Colliers India. Co-working operators leased 44 lakh square feet in the corresponding period of 2024 calendar year across seven cities -- Delhi-NCR, Mumbai, Kolkata, Chennai, Hyderabad, Pune and Bengaluru. The co-working operators take office spaces on rent from real estate developers and property owners and then sub-lease it to corporates of all sizes. Although many corporates have started opting managed office space provided by co-working operators to save cost and hassles, a large number of companies still take conventional workspaces directly from builders and property owners. Colliers India data showed that the total gross leasing or absorption of office space rose 13 per cent to 337 lakh (33.7 million) square feet durin

Sumadhura enters coworking business with 1.3 lakh sq ft centre in Bengaluru

Realty firm Sumadhura Group has forayed into the co-working business with the opening of its first centre in Bengaluru, covering 1.3 lakh square feet area, as it sees huge demand for managed flexible workspaces from corporates. In a statement on Tuesday, Bengaluru-based Sumadhura Group said it has set up a separate vertical 'workship' to provide premium managed office spaces to corporates. "We have already opened our first centre in Bengaluru and the plan is to add 3 more centres this fiscal with a total portfolio of 5 lakh sq ft area," said Madhusudhan G, Chairman & Managing Director of Sumadhura Group. He said the workship will take office space on lease from the parent firm Sumadhura Group as well as from other builders. In the first centre, Madhusudhan G said the company is providing workspaces at around Rs 15,000 per desk. The first centre is located within Sumadhura's commercial complex - Capitol Towers- in Whitefield, Bengaluru. "India is witnessing a significant shift in

IWG to launch premium brand Signature, expand India footprint rapidly

IWG to launch its premium brand Signature in India in coming years and aims to add 40-50 centres by 2025, with a focus on Tier II and III cities and strategic acquisitions

Co-working operators rent out 224,000 seats to firms across 8 cities: C&W

Co-working centre operators rented out a record 2.24 lakh seats last year across eight major cities mainly on rising demand of managed office space from corporates, according to Cushman & Wakefield. Real estate consultant Cushman & Wakefield data showed that co-working or flexible office space operators had provided 1.56 lakh desks in 2023 in Bengaluru, Delhi-NCR, Pune, Kolkata, Mumbai, Hyderabad, Chennai and Ahmedabad. These operators take office space on rent from real estate developers and property owners to set up their facilities and then they provide workspaces to corporates of all sizes, professionals and individuals. "With global enterprises increasingly adopting a 'Core+Flex' leasing strategy, combining traditional offices with managed workspaces, flexible workspace demand is expected to maintain its strong growth trajectory in 2025 and beyond," Ramita Arora, Managing Director (Bengaluru) and Head- Flex, India, Cushman & Wakefield, said. This will further drive ...

WeWork India, myHQ by ANAROCK tie up for on-demand, virtual office growth

Users will be able to book these products from either of the platforms, myHQ or WeWork; the myHQ product journey will take over at the time of purchase

GCCs may occupy 26 million sq ft office space by 2027: Knight Frank India

As per the report, between 2018 and 2023, 5,349 GCC-focused office deals under 50,000 square feet were finalised across eight cities