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

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