Others

Other Deals

Rana Kapoor family entities to exit co-working firm Awfis with Rs.250-Cr

Entrackr  

Delhi-based co-working spaces provider Awfis Space Solutions is set to provide a cash exit to its existing investors DOIT Urban and RAB India Enterprises (promoted by Yes Bank promoter Rana Kapoor's family members) to the tune of USD 30 million (INR 250 crore). The company will offer INR 144.27 per share for all the shares held by DOIT Urban and RAB India Enterprises. The company is also in talks to raise a new round of funding from existing and new investors. RAB Enterprises is co-owned by Alkesh Tandon, husband of Rakhee Rana Kapoor, daughter of Rana Kapoor, the co-founder and former chief executive of Yes Bank. DOIT Urban Ventures is run under the name of Bindu Rana Kapoor and part of Do IT Talent chain founded by Radha Rana Kapoor, the eldest daughter of Rana Kapoor.