GoWork raises Rs 375 crore to expand its Business in India


To spread its leg across the country, GoWork, a leading coworking space provider has raised Rs 375 crore as debt fund from US-based BlackRock and CLSA Capital Partner. The group has been currently operating its two coworking office spaces in Gurgaon which are spread over 8 lakh square feet of area and has a seating capacity of 12,000 seats.

The above transaction is first of its kind global debt funding in India by a renowned management fund like BlackRock.

Confirming on this, an official from the company said, “We have raised 53 million dollars as debt fund from a private fund management company BlackRock’s Private Credit team, along with CLSA Capital Partners’ Special Situations Group to expand our business across the country.”

Sudeep Singh, GoWork CEO & Chief Evangelist GoWork said, “With the support of BlackRock and CLSA, GoWork can further propel its growth across the length and breadth of all emerging markets in India.”

The group is now aiming to open around 50 more such office spaces by 2025 across different cities.

Established in 2017, GoWork is today India’s largest co-collaborative co-working space in the country. The group is known for the use of first-of-its-kind Technology Oriented Largest Collaborative Campus in the world, which is also a LEED Certified Platinum rated Green Building Campus.

While BlackRock Inc. is an American global investment management corporation based in New York City, CLSA Capital Partners is the alternative asset management firm of CLSA which is Asia’s leading capital markets and investment group.