About Smartworks
Smartworks is a company based in Gurugram (India) founded in 2016 by Neetish Sarda and Harsh Binani.. Smartworks has raised $69.95 million across 7 funding rounds from investors including Deutsche Bank, Keppel and Atul. The company has 794 employees as of March 31, 2024. Smartworks offers products and services including Managed Office Spaces, Technology Platforms, and Value-Added Services. Smartworks operates in a competitive market with competitors including WeWork, Industrious, Knotel, BHIVE Workspace and IndiQube, among others.
- Headquarter Gurugram, India
- Employees 794 as on 31 Mar, 2024
- Founders Neetish Sarda, Harsh Binani
- Stage Public
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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
*********
- Legal Name Smartworks Coworking Spaces Limited
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Annual Revenue
$160.83 M (USD)31.25as on Mar 31, 2025
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Net Profit
$-7.4 M (USD)-26.47as on Mar 31, 2025
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EBITDA
$100.66 M (USD)27.65as on Mar 31, 2025
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Total Equity Funding
$69.95 M (USD)
in 7 rounds
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Latest Funding Round
$20.24 M (USD), Series B
Jun 07, 2024
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Investors
Deutsche Bank
& 74 more
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Employee Count
794
as on Mar 31, 2024
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IPO & Listings of Smartworks
Smartworks is a publicly listed company on the NSE with ticker symbol SMARTWORKS in India, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Smartworks
Smartworks offers a comprehensive portfolio of products and services, including Managed Office Spaces, Technology Platforms, and Value-Added Services. 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.
Provides ready-to-move-in offices with modern designs and amenities.
Offers integrated systems for client experience and property management.
Delivers services like cafeterias, gyms, and wellness centers for enterprises.
Funding Insights of Smartworks
Smartworks has successfully raised a total of $69.95M across 7 strategic funding rounds. The most recent funding activity was a Series B round of $20.24 million completed in June 2024. 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 Total Funding
- Total Rounds 7
- Last Round Series B — $20.2M
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First Round
First Round
(12 Dec 2017)
- Investors Count 75
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2024 | Amount | Series B - Smartworks | Valuation | Ananta Capital | |
| Apr, 2024 | Amount | Series B - Smartworks | Valuation |
investors |
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| Jan, 2024 | Amount | Series B - Smartworks | Valuation | Nilliampathy Tracon , Suparsvainfotech |
| 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 Smartworks
Smartworks has secured backing from 75 investors, including institutional, angel, and venture fund investors. Prominent investors backing the company include Deutsche Bank, Keppel and Atul. 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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Private equity firm
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Founded Year | Domain | Location | |
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Venture capital fund
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Founded Year | Domain | Location | |
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Private equity fund focused on multiple sectors
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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 Smartworks
| 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 |
Financial Statements - Smartworks
| 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 |
Smartworks Comparisons
Competitors of Smartworks
Smartworks 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, Industrious, Knotel, BHIVE Workspace and IndiQube, 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 are provided for teams and individuals.
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| domain | founded_year | HQ Location |
Managed co-working spaces, desks, and offices are provided by Knotel.
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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 co-working spaces with conference rooms and amenities are offered.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Smartworks
Frequently Asked Questions about Smartworks
When was Smartworks founded?
Smartworks was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Where is Smartworks located?
Smartworks is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Is Smartworks a funded company?
Smartworks is a funded company, having raised a total of $69.95M across 7 funding rounds to date. The company's 1st funding round was a Series B of $8.28M, raised on Dec 12, 2017.
How many employees does Smartworks have?
As of Mar 31, 2024, the latest employee count at Smartworks is 794.
What is the annual revenue of Smartworks?
Annual revenue of Smartworks is $160.83M as on Mar 31, 2025.
What does Smartworks do?
Founded in 2016 and based in Gurugram, India, Smartworks operates in the coworking and flexible office sector. Configurable workspaces are provided to address various client needs, alongside campuses equipped with infrastructure like cafeterias, sports zones, and wellness centers. Platforms for property management and operational efficiency are delivered, with additional services such as catering, retail, and fitness facilities offered to support client operations.
Who are the top competitors of Smartworks?
Smartworks's top competitors include WeWork, Convene and Industrious.
What products or services does Smartworks offer?
Smartworks offers Managed Office Spaces, Technology Platforms, and Value-Added Services.
Is Smartworks publicly traded?
Yes, Smartworks is publicly traded on NSE under the ticker symbol SMARTWORKS.
Who are Smartworks's investors?
Smartworks has 75 investors. Key investors include Deutsche Bank, Keppel, Atul, Ananta Capital, and Plutus Capital.
What is Smartworks's ticker symbol?
The ticker symbol of Smartworks is SMARTWORKS on NSE.
What is Smartworks's valuation?
The valuation of Smartworks is $333.26M as of Jun 2024.