About Cowrks
Cowrks is a company based in Bengaluru (India) founded in 2015 was acquired by Brookfield Asset Management in September 2020.. The company has 177 employees as of April 01, 2024. Cowrks has completed 1 acquisition, including UnCube. Cowrks offers products and services including Flexible Workspaces, Custom-built Offices, Day Pass, Event Spaces, and Meeting Rooms. Cowrks operates in a competitive market with competitors including WeWork, BHIVE Workspace, IndiQube, DevX and 91Springboard, among others.
- Headquarter Bengaluru, India
- Employees 177 as on 01 Apr, 2024
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Sectors
Real Estate & Construction
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Cowrks India Private Limited
- Date of Incorporation 31 Oct, 2006
- Jurisdiction Bangaluru, Karnataka, India
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Annual Revenue
$34.41 M (USD)35.18as on Mar 31, 2023
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Net Profit
$-8.27 M (USD)59.38as on Mar 31, 2023
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EBITDA
$20.32 M (USD)100.57as on Mar 31, 2023
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Latest Funding Round
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Investors
Brookfield Asset Management
& 1 more
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Employee Count
177
as on Apr 01, 2024
- Investments & Acquisitions
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Acquired by
Brookfield Asset Management
(Sep 29, 2020)
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Products & Services of Cowrks
Cowrks offers a comprehensive portfolio of products and services, including Flexible Workspaces, Custom-built Offices, Day Pass, Event Spaces, and Meeting Rooms. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Ready-to-move-in private offices with shared amenities for teams.
Standalone workspaces designed for specific business needs.
Flexible daily access to workspaces and meeting rooms.
Upscale spaces for events and gatherings with tech support.
Well-equipped rooms for discussions and training sessions.
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Funding Insights of Cowrks
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2016 | Amount | Seed - Cowrks | Valuation | Qatar Investment Authority |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Cowrks
Cowrks has secured backing from 2 investors, including institutional and venture fund investors. Prominent investors backing the company include Brookfield Asset Management and Qatar Investment Authority. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Focus is placed on real estate and renewable energy investments.
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Founded Year | Domain | Location | |
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A sovereign wealth fund backed by Qatar, managing investments and funds.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Cowrks
Cowrks has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include UnCube. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Booking platform for co-working spaces
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2017 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Cowrks
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Cowrks Comparisons
Competitors of Cowrks
Cowrks operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as WeWork, BHIVE Workspace, IndiQube, DevX and 91Springboard, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Flexible office and coworking spaces are provided by WeWork globally.
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| domain | founded_year | HQ Location |
Flexible workspace solutions, including coworking and managed offices, are offered.
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| domain | founded_year | HQ Location |
Flexible workspace solutions are provided for enterprises, startups, and SMBs.
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| domain | founded_year | HQ Location |
Managed office spaces and coworking environments are provided for businesses.
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| domain | founded_year | HQ Location |
Operator of shared workspaces, private offices, and virtual office solutions
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Cowrks
Frequently Asked Questions about Cowrks
When was Cowrks founded?
Cowrks was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Where is Cowrks located?
Cowrks is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
How many employees does Cowrks have?
As of Apr 01, 2024, the latest employee count at Cowrks is 177.
What is the annual revenue of Cowrks?
Annual revenue of Cowrks is $34.41M as on Mar 31, 2023.
What does Cowrks do?
Cowrks was founded in 2015 in Bengaluru, India, and operates within the coworking sector. Flexible and customized office spaces are provided for entrepreneurs and startups, with features enabling the browsing and booking of desks in community environments. Operations focus on accommodating varying workspace needs across urban locations in India.
What products or services does Cowrks offer?
Cowrks offers Flexible Workspaces, Custom-built Offices, Day Pass, Event Spaces, and Meeting Rooms.
How many acquisitions has Cowrks made?
Cowrks has made 1 acquisition, including UnCube.
Who are Cowrks's investors?
Cowrks has 2 investors. Key investors include Brookfield Asset Management, and Qatar Investment Authority.
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