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Simpliwork Offices plans to raise $50-60 mn to expand business

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. Kunal Walia, the founder and CEO of Simpliwork, holds the remaining stake. In an interview with PTI, Walia said the company achieved a robust growth during the 2020-21 fiscal year in terms of revenue and also area expansion despite the pandemic.

United arab emiratesAndhra pradeshTamil naduKunal waliaSalarpuria sattvaSimpliwork officesBengaluru based simpliworkஒன்றுபட்டது அரபு அமீரகங்கள்ஆந்திரா பிரதேஷ்தமிழ் நாடுகுணால் வாலியாசலார்பூரியா சத்வா

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 SECTIONS Last Updated: Jul 25, 2021, 11:17 AM IST Share 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. Getty Images 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.

United arab emiratesAndhra pradeshTamil naduKunal waliaSalarpuria sattvaSimpliwork officesBengaluru based simpliworkஒன்றுபட்டது அரபு அமீரகங்கள்ஆந்திரா பிரதேஷ்தமிழ் நாடுகுணால் வாலியாசலார்பூரியா சத்வா

Simpliwork Offices plans to raise USD 50-60 mn to expand biz in India, foray into overseas mkt

Simpliwork Offices plans to raise USD 50-60 mn to expand biz in India, foray into overseas mkt
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United arab emiratesAndhra pradeshNew delhiTamil naduKunal waliaSalarpuria sattvaSimpliwork officesBengaluru based simpliworkஒன்றுபட்டது அரபு அமீரகங்கள்ஆந்திரா பிரதேஷ்புதியது டெல்ஹிதமிழ் நாடுகுணால் வாலியாசலார்பூரியா சத்வா