Awfis Space Solutions, a leading player in India’s co-working space industry, has successfully raised INR 268.61 crore from anchor investors in a significant pre-IPO funding round. This influx of capital underscores strong investor confidence in the company’s growth prospects and market position.
The pre-IPO funding saw participation from a mix of high-profile domestic and international investors. Among the notable contributors, 19 domestic mutual funds collectively invested INR 144 crore. Key participants included Goldman Sachs, EastBridge Capital Master Fund, HDFC Mutual Fund, ICICI Prudential Mutual Fund, Axis Mutual Fund, UTI Mutual Fund, Aditya Birla Sun Life Insurance Company, and SBI General Insurance Company.
This strategic move precedes Awfis’s initial public offering (IPO), which aims to raise up to INR 598.93 crore. The IPO is scheduled to open on Wednesday, and the distribution of shares will cater to different investor categories: 75% of the issue size will be allocated to Qualified Institutional Bidders (QIBs), 15% to non-institutional investors, and the remaining 10% to retail investors.
About Awfis
Founded in 2015 by Amit Ramani, Awfis Space Solutions has rapidly emerged as a pioneer in providing flexible workspace solutions across India. The company’s offerings range from tailored office spaces designed for businesses to individual flexible desk arrangements. With a focus on innovation and adaptability, Awfis caters to the evolving needs of modern companies and freelancers, positioning itself as a critical enabler of India’s dynamic work culture.
This latest round of funding and the upcoming IPO mark significant milestones for Awfis, potentially accelerating its expansion plans and consolidating its leadership in the co-working space sector. As the company continues to grow, it remains committed to delivering high-quality, flexible workspace solutions that drive productivity and collaboration.
