Get All Access for $5/mo

Smartworks Secures INR 168 Cr Funding to Fuel Growth With a total of USD 29 million invested in Smartworks so far, Singapore-based Keppel Ltd has been a consistent investor in the firm since 2019.

By Paromita Gupta

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Neetish Sarda, Founder of Smartworks

Co-working platform Smartworks announced that it has raised INR 168 crore (USD 20.24 million) from investors including Keppel Ltd, Ananta Capital Ventures Fund I, Plutus Capital, family trusts, and certain high-net-worth individuals in private funding rounds.

Singapore-based Keppel Ltd has been a longtime supporter of Smartworks since 2019, having contributed a total of USD 29 million to the business.

Neetish Sarda, Founder of Smartworks, said, "We thank our investors for their continued confidence in our capabilities, office experience, and managed campus platform. Capital from the latest fundraising will be used for the growth and expansion of the business of the company and to meet its general corporate expenses. We remain committed to our growth."

Started in 2016 by Neetish Sarda and Harsh Binani, Smartworks is a shared workspace company that offers office spaces that can be quickly set up and tailored to businesses' requirements.

The Gurugram-based startup operates in 13 cities, including Bengaluru, Kolkata, Delhi NCR, Mumbai, and Pune, with 41 centres spanning across 8 million square feet, serving large organisations.

In fiscal 2024, Smartworks added new centres including Golf View Corporate Towers in Gurgaon, Logix Cyber Park in Noida, Amar Tech Center and 43EQ in Pune, and Olympia Pinnacle in Chennai. Major campuses in its portfolio include Vaishnavi Tech Park in Bengaluru, M Agile, 43EQ, and AP81 in Pune.

Louis Lim, CEO, Real Estate of Keppel Ltd, said, "Since Keppel's initial investment in 2019, Smartworks has grown to become India's leading managed workspace platform. Keppel remains committed to continuing to support Smartworks' growth.

"This investment maintains our long-term involvement in India's commercial office market, as we look to expand Keppel's office portfolio in India and support the country's rapid urbanisation through our innovative urban space solutions," he added.

Paromita Gupta

Entrepreneur Staff

Features Writer with Entrepreneur India

Covering news and trends in AI and Metaverse segments. An avid book reader running her personal blog on the side. You may reach me at 
Business News

How to Be a Billionaire By 25, According to a College Dropout Turned CEO Worth $1.6 Billion

Austin Russell became the world's youngest self-made billionaire in 2020 at age 25.

Starting a Business

3 Things to Consider Before Your Perfect Business Partner Becomes Your Perfect Disaster

There are many reasons for start-up businesses' high failure rate, including lack of cash, not doing enough research and poor marketing. But this one reason is definitely not getting enough attention.


Taylor Swift Has a Lucky Number. And She's Not the Only High Performer Who Leans Into Superstitions to Boost Confidence.

Even megastars like Swift need a little extra something to get them in the right mindset when it is game time.

Buying / Investing in Business

I'm a VC With Over 50 Startup Investments. Here Are the 4 Secrets to Securing Funding for Your Ventures.

Investor relationships are crucial in most businesses, but navigating them is no walk in the park. These insider tips from a former founder and current venture capitalist reveal how entrepreneurs can tap into the investor mindset and masterfully manage investor relations.


SEO Trends You Need to Be Aware of Right Now, According to a Seasoned Pro

Navigate the future of search engine optimization to elevate your online presence and drive meaningful engagement.