# Awfis Space Solutions Private

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/awfis-space-solutions-private

- Industry: Internet
- Headquarters: New Delhi, India
- Website: www.awfis.com
- Total disclosed funding: $58M
- Latest round: Series D (Aug 6, 2019)
- Investors on record: 9

## About

Founded in 2015 and based in New Delhi, India, Awfis Space Solutions Private Limited operates an online platform. The company was founded by its CEO Amit Ramani. In March 2021, Awfis Space Solutions raised INR 400 million in venture funding from returning investors Bisque Ltd and Link Investment Trust. As of 2021, the company has around 75 centers and 40,000 seats across 11 cities in India. 

Awfis operates an online workspace solution that allows SMILEs (small, medium, individual, local entrepreneurs) to book co-working spaces rooms with flexible leases on a real-time basis along with work required products such as chairs, tables, desktops, and Wi-Fi services. The company’s centers offer customers to book spaces such as cabins, meeting rooms and fixed seats, meeting rooms for bulk meeting hours, and virtual offices. Awfis Space Solutions also has an online platform called Awfis Leadership Series that provides webinars, discussions, and insights from experts regarding emerging trends, new practices, and evolving consumer behavior in the industry. 

In the fiscal year ended March 2020, Awfis generated operating revenue of INR 226.4 crores that is a 47% growth compared to previous years with losses of around INR 67.98 crores.

The company plans to use its March 2021 funding to streamline its operations to recover from the knocks of the Corona pandemic.

## Funding rounds

- Series D, Aug 6, 2019, $30M — ChrysCapital, Maple Capital Advisors, Peak XV Partners
- Series C, May 11, 2019, $3.6M — Yes Bank, RAB Ventures, Peak XV Partners, Doit Urban Ventures (India) Private Limited
- Series C, Jul 25, 2018, $10M — Temasek Holdings, InnoVen Capital, Three Sisters Institutional Office, Peak XV Partners, Doit Urban Ventures (India) Private Limited
- Series B, Apr 28, 2017, $14M — Peak XV Partners

## Investors

- Peak XV Partners (https://capitalatlas.ai/funds/peak-xv-partners) — Series B, Series C, Series D
- Temasek Holdings — Series C
- InnoVen Capital — Series C
- Three Sisters Institutional Office — Series C
- Doit Urban Ventures (India) Private Limited — Series C
- Yes Bank — Series C
- RAB Ventures (https://capitalatlas.ai/funds/rab-ventures) — Series C
- ChrysCapital (https://capitalatlas.ai/funds/chryscapital) — Series D
- Maple Capital Advisors — Series D