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Flexible Office Operator Secures rs 168 Crore in New Funding Round

Jun 28 2024

Flexible Office Operator Secures rs 168 Crore in New Funding Round

A managed workspace provider has raised ?168 crore in its latest funding round this year. According to a press release, the investment comes from a group of investors that includes multiple investment firms, private funds, family offices, and high-net-worth individuals.

The promoters of the company continue to hold a majority stake after this funding. Several prominent global and domestic financial institutions and investment entities participated in the round, reflecting strong confidence in the company’s growth and position within the managed office and campus solutions sector.

A senior executive from one of the investing organisations highlighted that the partnership has been strategic and noted the company’s evolution into a leading managed workspace platform since their initial involvement.

In the 2023–24 financial year, the company expanded its presence by opening new centres across multiple major cities, adding several large office facilities to its portfolio.

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