Smartworks Raises ₹168 Crore in Latest Funding Round Led by Keppel

Smartworks has successfully raised ₹168 crore (US $20.24 Mn) in its latest funding round this year, with investment from a consortium of investors including Keppel Ltd.

SmartworksKeppelMahima StocksDeutsche BankNeetish SardaLouis LimReal EstateJun 28, 2024

Smartworks Raises ₹168 Crore in Latest Funding Round Led by Keppel
Real Estate:GURUGRAM Smartworks has successfully raised ₹168 crore (US $20.24 Mn) in its latest funding round this year. According to a press release, the investment comes from a consortium of investors including Keppel Ltd., Ananta Capital Ventures Fund I, Plutus Capital, family trusts, and high-net-worth individuals. The promoters of Smartworks retain a majority shareholding in the company following this funding infusion. Keppel Ltd., Mahima Stocks Private Limited, and Deutsche Bank A.G. London Branch are among the notable investors supporting Smartworks, underscoring their confidence in the company's growth and leadership in the managed office and campus space sector.

Frequently Asked Questions

How much did Smartworks raise in its latest funding round?

₹168 crore (US $20.24 Mn)

Who are the notable investors supporting Smartworks?

Keppel Ltd., Mahima Stocks Private Limited, and Deutsche Bank A.G. London Branch

What will the capital from the latest fund-raising be used for?

For the growth and expansion of the business of the company and to meet its general corporate expenses

How many cities does Smartworks operate in across India?

13 cities

What is the approximate square footage of Smartworks' portfolio?

8 million square feet

Related News Articles

Shapoorji Pallonji Group Sells Stake in Hyderabad Project to GIC for Rs 2
Real Estate

Shapoorji Pallonji Group Sells Stake in Hyderabad Project to GIC for Rs 2

The Shapoorji Pallonji Group has sold its stake in the group's Singapore-based joint venture real estate fund (SPREF) held in the TSI Business Parks

May 30, 2024
Read Article
Arrow Global Secures $400 Million Commitment from ADIA for European Real Estate Lending
Real Estate

Arrow Global Secures $400 Million Commitment from ADIA for European Real Estate Lending

Arrow Global's European Real Estate Lending strategy provides flexible solutions tailored to investors and developers backed by quality living assets.

July 25, 2024
Read Article
Gaurs Group Pours Rs 1600 Crore into Luxury Housing Project in Ghaziabad
Real Estate

Gaurs Group Pours Rs 1600 Crore into Luxury Housing Project in Ghaziabad

Realty firm Gaurs Group is investing Rs 1600 crore in a new luxury housing project in Ghaziabad, Uttar Pradesh, amidst strong demand. The 12-acre development has already sold 1216 apartments, generating Rs 3100 crore in sales.

September 16, 2024
Read Article
Arkade Developers Makes a Strong Debut on Stock Exchanges with 36% Profit on Listing Day
Real Estate Maharashtra

Arkade Developers Makes a Strong Debut on Stock Exchanges with 36% Profit on Listing Day

The company launched 1,040 residential units in Maharashtra's Mumbai Metropolitan Region (MMR) between 2017 and Q1 2023, and it sold 792 residential units in different markets.

September 24, 2024
Read Article
Telangana Approves 33 New Positions for Real Estate Appellate Tribunal
real estate news

Telangana Approves 33 New Positions for Real Estate Appellate Tribunal

The Telangana Finance Department has sanctioned 33 new posts for the Real Estate Appellate Tribunal, directing the MA&UD department to obtain financial approval before initiating recruitment.

October 15, 2024
Read Article
Unraveling RBI's Decision: Why the Repo Rate Remained at 6.5%
Real Estate

Unraveling RBI's Decision: Why the Repo Rate Remained at 6.5%

Given the critical role of real estate, which contributes up to 7% of India's GDP, maintaining rate stability can also ensure development in related sectors...

December 7, 2024
Read Article