Mumbai-based collaborative co-working space rental company, Awfis Space Solutions has raised $20 million (about `128 crore) from Sequoia India and plans to use the funds to expand its network of centres, launch new products and services, and enhance its technology platform.
With this infusion, as part of a Series-B round, the total capital raised by the firm stands at $31 million (about `200 crore).
Awfis counts Radha Kapoor, entrepreneur daughter of YES Bank CEO Rana Kapoor, as one of its earlier investors. In 2015, `72 crore) it raised $11 million (` from founder Amit Ramani and The Three Sisters: Institutional Office, the family office led by the daughters of the YES Bank chief. “With this capital raise, we should be able to increase our seat capacity to over 25,000 in 12 months along with 80 centres,“ Awfis CEO Amit Ramani told ET.
Read more: The Economic Times
