Collaborative co-working space network Awfis Space Solutions has received an investment of USD 20 million from Sequoia India.
The funds will be used to grow its network of centers, launch new and innovative products/services and further enhance the existing technology platform, Awfis said in a statement here.
Working towards achieving its target of having an Awfis centre within a 10 minutes driving radius in each of the key metros, the company plans to establish over 100 centres with 35,000 plus seats across Mumbai, NCR, Bengaluru, Chennai, Hyderabad, Kolkata, and Pune in the next 24 months, it said.
Maple Capital Advisors acted as the financial advisor for the transaction.
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