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. 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
- Founders Neetish Sarda, Harsh Binani
- Stage Public
- SectorsReal Estate & Construction
- Website category Business and Consumer Services · Real Estate
- Email••••••••
- Phone•••• ••••
- Website smartworksoffice.com
- Social LinkedIn X Facebook
- Legal Name Smartworks Coworking Spaces Limited
- Annual Revenue₹1,410 Cr
FY 2025 · +27% YoY
- Net Loss-₹63.18 Cr
FY 2025 · -4% margin
- EBITDA₹893 Cr
FY 2025 · 63% margin
- Total Equity Funding$69.95M (USD)
in 7 rounds
- Latest Funding Round$20.24M (USD), Series B
Jun 2024
- InvestorsDeutsche Bank
& 74 more
- Employee Count794
Associated legal entities of Smartworks
Smartworks is associated with 3 registered companies on The Company Check; the primary company is Smartworks Coworking Spaces Limited, a listed company. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Smartworks Coworking Spaces Limited Listed CIN L74900DL2015PLC310656 | Active | 17 Dec 2015 | Delhi, Delhi | ₹1,410 Cr | 643 | 9 | View details |
| Smartworks Tech Solutions Private Limited CIN U62099DL2019PTC347081 | Active | 11 Mar 2019 | Delhi, Delhi | ₹5.7 Cr | 38 | 3 | View details |
| Smartworks Coworking Spaces Private Limited CIN U74900DL2015PLC310656 | Active | 17 Dec 2015 | Delhi, India | $92.7M | – | – | View details |
Products & Services of Smartworks
Smartworks offers a comprehensive portfolio of products and services, including Managed Office Spaces, Technology Platforms, and Value-Added Services.
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 $69.95M
- Total Rounds 7
- Last Round Series B — $20.24M
- First Round $1.94M
(Dec 2017)
- Investors Count 75
All 7 funding rounds of Smartworks 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 |
|---|---|---|---|---|---|
| Jun 2024 | $20.24M | Series B | $333.26M | Ananta Capital | |
| Apr 2024 | $3.96M | Series B | – | – | |
| Jan 2024 | $8.28M | Series B | $321.9M | Nilliampathy Tracon, Suparsvainfotech | |
| Feb 2023 | $4.23M | Series B | $••••• | Mahima Stocks | |
| Oct 2019 | $25M | Series B | – | – | |
| Aug 2019 | $6.3M | Series A | $••••• | Vision Comptech, Atul | |
| Dec 2017 | $1.94M | Seed | $••••• | Mansoul Commercial | – |
| Date | Valuation | Stage |
|---|---|---|
| Jun 2024 | $333.26M | •••••••• |
| Jan 2024 | $321.9M | •••••••• |
| Feb 2023 | $••••• | •••••••• |
| Aug 2019 | $••••• | •••••••• |
| Dec 2017 | $••••• | •••••••• |
Full valuation and stage history of Smartworks
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
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Verified entity values are shown only after access is granted.
Last known valuation $333.26M (Jun 2024). 74 investors in total: 24 institutional and 50 angel.
Investors in Smartworks
Smartworks has secured backing from 74 investors, including institutional, angel, and venture fund investors. Prominent investors backing the company include Deutsche Bank, Keppel and Atul.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity firm | – | mahimastocks.tcc.mode | Mumbai, India | |
Venture capital fund | – | bijmanprojects.tcc.mode | Hyderabad, India | |
Private equity fund focused on multiple sectors | 2009 | anantacapital.in | Mumbai, India | |
Family office fund backed VC | – | hhcholdings.com | - | |
Venture capital fund focused on early-stage untapped founders | – | stargazervc.com | Portland, United States | |
Global assets are managed and operated in infrastructure and renewables. | 1968 | keppel.com | Singapore, Singapore | |
- | – | nilliampathytracon.tcc.mode | - | |
- | – | suparsvainfotech.tcc.mode | - | |
- | – | anshuguptaexemptchildrentrust.tcc.mode | - | |
- | – | nsniketan.tcc.mode | - |
Investor details for Smartworks
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Smartworks Coworking Spaces Limited (Smartworks)
Smartworks Coworking Spaces Limited is the primary company behind Smartworks. The boards of the 2 registered companies of Smartworks currently have 7 directors; the longest-serving is Neetish Sarda, appointed in 2019. 12 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Neetish Sarda DIN 07262894 | Director | 11 Mar 2019 | 7 yrs 7 mo | Smartworks Tech Solutions Private Limited, Smartworks Coworking Spaces Limited |
| Harsh Binani DIN 07717396 | Director | 25 Sep 2019 | 7 yrs | Smartworks Tech Solutions Private Limited, Smartworks Coworking Spaces Limited |
| Subburaj Virusangulam Kumarasamy DIN 02402775 | Director | 16 Jul 2024 | 2 yrs 2 mo | Smartworks Coworking Spaces Limited |
| Ho Kiam Kheong DIN 08661195 | Director | 16 Jul 2024 | 2 yrs 2 mo | Smartworks Coworking Spaces Limited |
| Rajeev Rishi DIN 03557148 | Director | 16 Jul 2024 | 2 yrs 2 mo | Smartworks Coworking Spaces Limited |
| Pushpa Mishra DIN 07898390 | Director | 03 Aug 2024 | 2 yrs 2 mo | Smartworks Coworking Spaces Limited |
| Atul Gautam DIN 10641036 | Director | 26 May 2025 | 1 yr 4 mo | Smartworks Tech Solutions Private Limited, Smartworks Coworking Spaces Limited |
People of Smartworks
2 people are tracked at Smartworks (2 in leadership); the tracked headcount is 794.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder | Leadership |
Complete people profiles for Smartworks
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.
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.
- IPO date17 Jul 2025
- Listed onBSE: 544447
- Listed entitySmartworks Coworking Spaces Limited
- Exchange sectorFinance
- ISININE0NAZ01010
- Share price₹474.30 (-1.67% on the day) · 2026-10-09
- Market capitalisation₹5,516 Cr
- Price to earnings194.4
- EPS (diluted, trailing year)₹2.44
- Volume (last session)65,158
Financials of Smartworks
Figures of Smartworks Coworking Spaces Limited, the primary company behind Smartworks, for FY 2025. Revenue was ₹1,410 Cr (+27% year on year). Net loss was -₹63.18 Cr (-4% margin). EBITDA was ₹893 Cr (63% margin). Revenue has grown at a compounded annual rate of +53% over three years and +40% over five years.
- ₹1,410 CrRevenue · FY 2025 · +27% YoY
- -₹63.18 CrNet loss · -4% margin
- ₹893 CrEBITDA · 63% margin
- ₹114 CrPaid-up capital
- 643Employees (provident fund records)
- +53%Revenue CAGR, 3 years
- +40%Revenue CAGR, 5 years
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2025 | ₹1,796 Cr | ₹10.5 Cr | ₹1,156 Cr |
| 2024 | ₹1,374 Cr | -₹63.2 Cr | ₹860 Cr |
| 2023 | ₹1,047 Cr | -₹50.0 Cr | ₹674 Cr |
| 2022 | ₹717 Cr | -₹101 Cr | ₹440 Cr |
| 2021 | ₹366 Cr | -₹69.9 Cr | ₹218 Cr |
Balance sheet, profit and loss, cash flow and ratios of Smartworks Coworking Spaces Limited are on its company page.
Detailed financial statements for Smartworks
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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- Downloads
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Timeline of Smartworks
5 dated milestones of Smartworks across 9 years, from founding to its latest funding, stage changes and deals.
- Founded Smartworks is founded.
- Funding First funding round of $1.9M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series B, of $20.2M.
- IPO Lists on the stock exchange (IPO).
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.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| wework.com | 2010 | New York, United States | $12.75B | 514 | Flexible office and coworking spaces are provided by WeWork globally. | |
| industriousoffice.com | 2013 | New York, United States | $334.15M | – | Flexible workspace solutions are provided for teams and individuals. | |
| knotel.com | 2015 | New York, United States | $555M | 341 | Managed co-working spaces, desks, and offices are provided by Knotel. | |
| bhiveworkspace.com | 2014 | Bengaluru, India | $3.09M | 322 | Flexible workspace solutions, including coworking and managed offices, are offered. | |
| indiqube.com | 2015 | Bengaluru, India | $44.96M | 2,190 | Flexible workspace solutions are provided for enterprises, startups, and SMBs. | |
| convene.com | 2009 | New York, United States | $265.5M | 188 | Managed co-working spaces with conference rooms and amenities are offered. | |
| mindspace.me | 2013 | Tel Aviv, Israel | $107M | – | Managed co-working spaces are provided for users and landlords. | |
| devx.work | 2017 | Ahmedabad, India | $16.16M | 79 | Managed office spaces and coworking environments are provided for businesses. |
Detailed competitors of Smartworks
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
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Web traffic of Smartworks
The website of Smartworks (smartworksoffice.com) receives about 34.2K visits a month and ranks #1,023,808 among all websites worldwide, #7,611 in Real Estate.
- Monthly visits34.2K
▲ 18.5% vs previous month
- Unique visitors16.5K
per month
- Global rank#1,023,808
among all websites
- Category rank#7,611
Business and Consumer Services · Real Estate
- Bounce rate59%
- Pages per visit1.7
- Average visit30 sec
- DevicesDesktop 30% · Mobile 70%
Websites whose visitors overlap most with Smartworks. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| thecovie.com | 100% | 16.9K | #1,473,487 | View details | |
| ikeva.com | 99% | 3.6K | #5,044,574 | View details | |
| hubandoak.com | 98% | 4.2K | #4,521,519 | View details | |
| addressadvisors.com | 90% | 62.2K | #809,377 | View details | |
| vatikabusinesscentre.com | 89% | 6.9K | #2,694,367 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 29 similar websites and full traffic analytics for Smartworks
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 29 similar websites
- Audience overlap
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Verified entity values are shown only after access is granted.
Latest news on Smartworks
Complete news archive for Smartworks
Full article history, source details, and older brand coverage require an active premium plan.
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Similar companies to Smartworks
10 companies that operate in the same segment as Smartworks (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 | USD 689.51 M | – | – | |
Residential properties are resold via an app-based platform. | 2014 | San Francisco, California, United States | USD 1.35 B | USD 2.71 M | 200 | |
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 194.06 M | USD 28.9 M | 3,236 | |
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, Brazil | USD 753.94 M | – | – | |
Residential properties are listed and brokered through an online platform. | 2004 | Seattle, Washington, United States | USD 166.06 M | – | – |
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Frequently Asked Questions about Smartworks
Smartworks was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Smartworks is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
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 Seed of $1.94M, raised on Dec 2017.
Smartworks has 794 employees.
The primary company behind Smartworks, Smartworks Coworking Spaces Limited, reported revenue of ₹1,410 Cr for FY 2025, up 27% year on year.
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.
Smartworks's top competitors include WeWork, Convene and Industrious.
Smartworks offers Managed Office Spaces, Technology Platforms, and Value-Added Services.
Yes, Smartworks is publicly traded on NSE under the ticker symbol SMARTWORKS.
Smartworks has 74 investors. Key investors include Deutsche Bank, Keppel, Atul, Ananta Capital, and Plutus Capital.
The valuation of Smartworks is $333.26M as of Jun 2024.
Smartworks is associated with 2 legal entities: Smartworks Coworking Spaces Limited, Smartworks Tech Solutions Private Limited.