AWFIS, co-working space provider company’s arrangement D round commenced in August a year ago in which it had rounded up $30 million as the primary tranche drove by ChrysCapital. The most recent venture is the subsequent tranche gotten by the organization for the progressing Series D round. Awfis has secured Rs 40 crore in a mixed funding round of debt and equity from its existing investors - Bisque Limited and Link Investment Trust.
Administrative filings mirrored that the Delhi-based Awfis has apportioned 39,400 Series D1 necessarily convertible bond (CCD) conveying a superficial coupon pace of 0.001 per cent at Rs 10,000 for each offer to Bisque Limited to bring Rs 39.4 crore up in the red.
Also, Link Investment Trust imbued Rs 60 lakh value subsidizing in return for Rs 36,878 Series D1 necessarily convertible inclination shares (CCPS) making a complete thought raised worth Rs 40 crore.
Until this point in time, Awfis has brought over $55 million up in a blend of value and obligation financing adjusts.
This improvement comes in the background of all the cooperating focuses the nation over under gigantic worry because of the progressing COVID-19 flare-up. While a considerable lot of the cooperating space suppliers WeWork, Awfis, Smartworks and Simpliwork among others have either closed down a large portion of their workplaces across significant urban communities, rest are working from their somewhat open offices.
Given the across the nation lockdown for very nearly two months now and numerous clients not having the option to pay the lease of the cooperating spaces because of loss of pay and occupations, Awfis was additionally apparently working with its proprietors to look for a waiver on rentals.