Awfis
 | |
| Public | |
| Traded as | |
| ISIN | 🆔 |
| Founded 📆 | 2015 |
| Founders 👔 | Amit Ramani |
| Headquarters 🏙️ | , , India |
Areas served 🗺️ | India |
| Services | Coworking spaces[1] |
| Revenue🤑 |  ₹849 crore (US$120 million) (FY24)[2] |
| ₹271 crore (US$38 million) (FY24)[2] | |
| Template:Positive decrease ₹−18 crore (US$−2.5 million) (FY24)[2] | |
| Members | |
Number of employees | |
| 🌐 Website | www |
| 📇 Address | |
| 📞 telephone | |
Awfis is a coworking space company headquartered in Delhi, India.[3][4] Founded by Amit Ramani in 2015,[5] it operates in 18 cities across India.[6][7][8][9]
History
Awfis initially began as a coworking space provider but later expanded into a workspace solutions platform.[10][11] Its first facility opened in Delhi in 2015.[12] By March 2016, it had expanded to include 4,000 seats across Delhi, Mumbai, and Bangalore.[13][14] In 2017, Awfis secured $20 million in Series B funding from Sequoia India,[15] followed by another $20 million in Series C funding.[16][17] Then, in August 2019, they raised $30 million in Series D funding led by ChrysCapital.[18]
In 2021, realty firm Prestige Group partnered with Awfis to establish six centers in Bangalore, Hyderabad, and Chennai.[19] In 2021, the company introduced premium workspaces with Awfis Gold. It opened its first premium category center in Mumbai and launched five other Gold centers in Bangalore, Hyderabad, and Chennai.[20][21]
In December 2023, Awfis filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO).[22] The IPO took place in May 2024, with the shares being listed on NSE and BSE.[23]
References
- ↑ Manchanda, Kunal; Upadhyay, Harsh (2023-03-23). "Awfis ends FY22 with Rs 257 Cr revenue and positive EBITDA". Entrackr. Retrieved 2024-02-08.
- ↑ 2.0 2.1 2.2 "Investor Presentation | Q4 FY24 | June 2024" (PDF). BSE. Awfis. Retrieved 26 June 2024.
- ↑ Raje, Aparna Piramal (2016-08-21). "The new office address". mint. Retrieved 2024-02-08.
- ↑ "Lift co's asst VP among 5 held for elevator free fall". The Times of India. 2023-12-24. ISSN 0971-8257. Retrieved 2024-02-08.
- ↑ Sabharwal, Punita (2019-09-28). "Is Generation Z Redefining the Indian Workspace?". Entrepreneur. Retrieved 2024-02-08.
- ↑ Mishra, Ashish (August 11, 2025). "Awfis Q1FY26 operational revenue soars 30 percent YoY to Rs 335 crore". MoneyControl.
- ↑ Doley, Kunal (2016-11-20). "Plug & work". Financialexpress. Retrieved 2024-02-08.
- ↑ "Awfis adds 8,000 seats in south India". The Times of India. 2023-09-11. ISSN 0971-8257. Retrieved 2024-02-08.
- ↑ Rudra, Tapanjana (22 December 2023). "IPO-Bound Awfis' Net Loss Narrows To INR 46.6 Cr In FY23". Inc42 Media. Retrieved 19 May 2024.
- ↑ Haidar, Faizan (2023-11-20). "Flexi office companies bet on big revenue boost". The Economic Times. ISSN 0013-0389.
- ↑ Sathe, Gopal (2016-05-16). "Awfis Wants to Make Finding a Place to Work Less Awful". NDTV.
- ↑ Nandy, Madhurima (2018-01-18). "Xander's co-working space venture The Hive planning to scale up, go pan-India". mint.
- ↑ Pol, Sunil (2016-03-05). "Boosting Infrastructure: Setting Up a Meeting Outside Your Office is Not a Pain Anymore". Entrepreneur.
- ↑ "'Awfis' space start-up in expansion mode". Business Today. 2016-03-16.
- ↑ Pandey, Piyush (2017-04-25). "Sequoia India invests $20 mn. in Awfis Space". The Hindu. ISSN 0971-751X.
- ↑ "Co-working space heats up! How Awfis is planning to take on WeWork". Moneycontrol. 2017-09-27.
- ↑ Mohapatra, Debasis (26 August 2018). "Co-working firm Awfis eyes aggressive expansion after fund infusion". Business Standard.
- ↑ "Exclusive: Marquee PE, VC firms pumping in money to let Rana Kapoor exit Awfis". VCCircle.
- ↑ Bundhun, Rebecca (2016-06-15). "Awfis app aims to be Uber of commercial real estate in India". The National.
- ↑ Behrawala, Krutika (2018-12-03). "Co-working spaces are spreading to smaller cities,wooing start-ups in towns". Hindustan Times.
- ↑ "Pune: Awfis, WeWork India to change co-working space scenario to city". Free Press Journal.
- ↑ "IPO Alert! WeWork-like company with 121 co-working spaces in 16 cities files for IPO - Details". ET NOW. 2023-12-24. Retrieved 2024-02-08.
- ↑ "Awfis IPO subscribed over 108 times". The Economic Times. 27 May 2024. Retrieved 28 May 2024.
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