About PassWork
PassWork is a Real Estate & Construction company based in Mumbai (India) founded in 2018 by Mohit Malara. It operates as a co-working spaces are booked through an app-based marketplace. PassWork has raised $157.25 thousand across 2 funding rounds from investors including Vivek Bathija, Milind Shah and Parimal Rajnikant Shroff. PassWork was last valued at $874.47 thousand in February 2021. Its Indian entity Passwork Technologies Private Limited reported revenue of ₹52 Lakh. PassWork offers products and services including Online Auction Platform, Auction Catalog Browsing, and Bidding Services. Its focus areas include Real Estate and Construction Tech, Commercial Real Estate Tech, Ondemand Marketplace and Office. Its competitors include Deskpass, Upsuite, Tandem, Workfrom and Workero and 3 more; 5 of its 8 listed competitors have raised funding.
Company details
PassWork was established in 2018 in Mumbai, India, as an app-based marketplace focused on co-working space bookings. Users are allowed to register, search listings, and reserve options such as dedicated desks, private offices, and meeting rooms. Access to spaces is granted by scanning QR codes via the mobile application, which is compatible with Android and iOS devices. Operations include a partnership with WorkWise to expand service availability.
- Headquarters Mumbai, India
- Founders Mohit Malara
- SectorsReal Estate & Construction
- Email••••••••
- Phone•••• ••••
- Website passwork.in
- Social LinkedIn X Facebook Instagram
- Legal Name Passwork Technologies Private Limited
- Date of Incorporation 03 May, 2019
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹52 Lakh
FY 2024 · +37% YoY
- Net Profit₹27.6 Lakh
FY 2024 · 53% margin
- EBITDA₹39.6 Lakh
FY 2024 · 76% margin
- Total Equity Funding$157.25K (USD)
in 2 rounds
- Latest Funding Round$54.56K (USD), Angel Round
Feb 2021
Associated legal entities of PassWork
PassWork operates through Passwork Technologies Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Passwork Technologies Private Limited CIN U74999MH2019PTC324918 | Active | 03 May 2019 | Mumbai, Maharashtra | ₹0.5 Cr | – | 2 | View details |
Products & Services of PassWork
PassWork offers a comprehensive portfolio of products and services, including Online Auction Platform, Auction Catalog Browsing, and Bidding Services.
Platform for real-time bidding on fine art and antiques
Tool for searching and viewing auction items online
Services for placing bids and tracking auctions
Funding Insights of PassWork
PassWork has successfully raised a total of $157.25K across 2 strategic funding rounds. The most recent funding activity was a Angel Round of $54.56 thousand completed in February 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $157,247
- Total Rounds 2
- Last Round Angel Round — $54,563
- First Round $102,684
(Aug 2020)
- Investors Count 6
All 2 funding rounds of PassWork with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb 2021 | $54,563 | Angel Round | $874,466 | Vivek Bathija | |
| Aug 2020 | $102,684 | Angel Round | – | Gaurav Suresh Gandhi, Vivek Amarnath Bhargava | – |
Last known valuation $874,466 (Feb 2021). 6 investors in total: 0 institutional and 6 angel.
Investors in PassWork
PassWork has secured backing from 6 investors, including angel investors. Prominent investors backing the company include Vivek Bathija, Milind Shah and Parimal Rajnikant Shroff.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
VB Vivek Bathija | - | – | unknown_884a9137d82a43e4b | - |
MS Milind Shah | Angel investor and entrepreneur, focusing on early-stage Indian startups. | – | unknown_aa909b46c8c34cab9 | - |
PR Parimal Rajnikant Shroff | - | – | unknown_556b2567e20f43289 | - |
MS Milind Shah | Angel investor and entrepreneur, focusing on early-stage Indian startups. | – | unknown_c453b40ace91452e8 | - |
GS Gaurav Suresh Gandhi | Angel investor and entrepreneur, focused on tech startups in India. | – | unknown_37c2c6538a764dc0b | - |
VA Vivek Amarnath Bhargava | Angel investor, ex-CEO of DAN Performance Group, digital marketing pioneer | – | unknown_de5faa5a702540d4b | - |
Investor details for PassWork
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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- Round participation
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Verified entity values are shown only after access is granted.
Board of directors of Passwork Technologies Private Limited (PassWork)
Passwork Technologies Private Limited is the primary company behind PassWork. The board of Passwork Technologies Private Limited currently have 2 directors; the longest-serving is Mohit Ajit Malara, appointed in 2019.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Mohit Ajit Malara DIN 08442753 | Director | 03 May 2019 | 7 yrs 5 mo | Passwork Technologies Private Limited |
| Gaurav Suresh Gandhi DIN 00571024 | Director | 03 May 2019 | 7 yrs 5 mo | Passwork Technologies Private Limited |
People of PassWork
1 people are tracked at PassWork (1 in leadership).
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership |
Complete people profiles for PassWork
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
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Verified entity values are shown only after access is granted.
Financials of PassWork
Figures of Passwork Technologies Private Limited, the primary company behind PassWork, for FY 2024. Revenue was ₹52 Lakh (+37% year on year). Net profit was ₹27.6 Lakh (53% margin). EBITDA was ₹39.6 Lakh (76% margin). Revenue has grown at a compounded annual rate of +149% over three years.
- ₹52 LakhRevenue · FY 2024 · +37% YoY
- ₹27.6 LakhNet profit · 53% margin
- ₹39.6 LakhEBITDA · 76% margin
- ₹1.1 LakhPaid-up capital
- +149%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Passwork Technologies Private Limited are on its company page.
Detailed financial statements for PassWork
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Verified entity values are shown only after access is granted.
Timeline of PassWork
3 dated milestones of PassWork across 3 years, from founding to its latest funding, stage changes and deals.
- Founded PassWork is founded.
- Funding First funding round of $103K.
- Funding Latest funding round, Angel Round, of $55K.
Competitors of PassWork
PassWork has 8 listed competitors in our database, 5 of them funded. They include Deskpass, Upsuite, Tandem, Workfrom and Workero, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| deskpass.com | 2011 | Atlanta, United States | – | – | An online marketplace is operated for booking shared office spaces. | |
| upsuite.com | 2017 | Denver, United States | – | – | Co-working spaces are booked via an online B2B marketplace. | |
| tandem.space | 2023 | San Francisco, United States | $6.98M | – | Hybrid teams are matched with co-tenants through an office-share platform. | |
| workfrom.co | 2013 | Portland, United States | $170,000 | – | A global marketplace for curated co-working spaces is operated. | |
| workero.com | 2017 | Brussels, Belgium | – | 6 | Online platform to find and book workspaces | |
| sharedesk.net | 2012 | San Francisco, United States | $1.1M | – | Flexible workplaces are discovered and booked by mobile professionals globally. | |
| pivotdesk.com | 2012 | Boulder, United States | $6.86M | – | Office Space-Sharing Marketplace | |
| gofloaters.com | 2017 | Chennai, India | $110,118 | – | Co-working spaces are booked through an on-demand marketplace platform. |
Detailed competitors of PassWork
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Verified entity values are shown only after access is granted.
Top companies in Real Estate Technology Platforms
10 companies that operate in the same segment as PassWork (Real Estate Technology Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Residential properties are listed and searched through an app-based platform. | 2005 | Seattle, Washington, United States | USD 87 M | – | – | |
Real estate properties are discovered via an online portal. | 2006 | Singapore, Singapore, Singapore | USD 689.51 M | USD 78.41 M | 2,613 | |
Residential properties are resold via an app-based platform. | 2014 | San Francisco, California, United States | USD 1.35 B | USD 2.71 M | 1,426 | |
Residential real estate search engine | 2005 | San Francisco, California, United States | USD 32.8 M | – | – | |
Technology platform for real estate transactions and mortgages is provided. | 2014 | Gurugram, Haryana, India | USD 97.98 M | USD 28.9 M | 9,619 | |
Online listing platform for buying and selling residential and commercial properties | 2000 | Madrid, Madrid, Spain | USD 303.81 M | – | – | |
Online platform for buying, renting, and selling residential and commercial properties | 2012 | Gurugram, Haryana, India | USD 146.45 M | USD 25.52 M | 1,188 | |
An online listing platform for residential and commercial properties | 2008 | London, England, United Kingdom | USD 10.67 M | USD 112.51 M | 456 | |
Rental properties are brokered online for seekers and owners. | 2012 | Sao Paulo, State of Sao Paulo, Brazil | USD 755 M | – | 5,932 | |
Residential properties are listed and brokered through an online platform. | 2004 | Seattle, Washington, United States | USD 166.06 M | USD 1.04 B | 5,659 |
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Related news about Passwork
Complete news archive for PassWork
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Frequently Asked Questions about PassWork
PassWork was founded in 2018 and raised its 1st funding round 2 years after it was founded.
PassWork is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
PassWork is a funded company, having raised a total of $157.25K across 2 funding rounds to date. The company's 1st funding round was a Angel Round of $102.68K, raised on Aug 2020.
The primary company behind PassWork, Passwork Technologies Private Limited, reported revenue of ₹52 Lakh for FY 2024, up 37% year on year.
PassWork was established in 2018 in Mumbai, India, as an app-based marketplace focused on co-working space bookings. Users are allowed to register, search listings, and reserve options such as dedicated desks, private offices, and meeting rooms. Access to spaces is granted by scanning QR codes via the mobile application, which is compatible with Android and iOS devices. Operations include a partnership with WorkWise to expand service availability.
PassWork offers Online Auction Platform, Auction Catalog Browsing, and Bidding Services.
PassWork has 6 investors. Key investors include Vivek Bathija, Milind Shah, Parimal Rajnikant Shroff, Milind Shah, and Gaurav Suresh Gandhi.
The valuation of PassWork is $874.47K as of Feb 2021.
PassWork operates through Passwork Technologies Private Limited.
The legal entities of PassWork currently have 2 directors, including Mohit Ajit Malara, Gaurav Suresh Gandhi.