Smartworks Coworking Space receives fresh investments from Keppel Land

Singapore-based Keppel Land Ltd has invested $25 million (Rs 177 crore) in co-work space provider Smartworks Coworking Space Pvt. Ltd. The investment allows the firm to enter one of the world’s fastest-growing flexible office markets, opening doors for further growth, according to the CEO at Keppel Land, Tan Swee Yiow.

“There are also many opportunities for cross-learning and collaboration between Smartworks and Keppel Land’s smart serviced co-office platform, KLOUD, which currently has a presence in Singapore, Vietnam and Myanmar,” Yiow said.

Neetish Sarda, founder at Smartworks believes that the latest transaction will enable the firm to scale up business across Tier 1 and Tier 2 cities and further invest in building up the next generation product.

Founded by Neetish Sarda and Harsh Binani in April 2016, Smartworks has 23 operational centres in nine cities, offering a total of about 43,000 workstations spread over 2.3 million sq ft. It claims to cater to over 400 organisations including large enterprises and high-growth start-ups.

The firm provides office spaces which can be rapidly configured and customised in just four to six weeks according to the needs of the clients.

Keppel Land has presence in Singapore, China and Vietnam as its key markets while it continues to scale up in other markets such as Indonesia and India. It has a pipeline of about 46,000 homes in Singapore and overseas. It is also a leading prime office developer in Singapore and is committed to grow its commercial portfolio in key Asian cities.