Simpliwork Offices plans to raise $50-60 million to expand in India, make overseas forays

Simpliwork Offices plans to raise $50-60 million to expand in India, make overseas forays
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Last Updated: Jul 25, 2021, 11:17 AM IST
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Synopsis
Founded in 2018, Simpliwork's current operational portfolio is 2.8 million sq ft across Bengaluru, Delhi-NCR, Mumbai, Pune and Hyderabad. It is also entering Chennai market.
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Realty firm Salarpuria Sattva's co-promoted Simpliwork Offices plans to raise USD 50-60 million as equity to expand business in India and enter into overseas markets, like Singapore, as it sees the demand for managed flexible office space rising amid the COVID-19 pandemic. Salarpuria Sattva, one of the leading real estate firms in the country with large presence in office market, has 50 per cent stake in Bengaluru-based Simpliwork Offices.

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