Private Equity

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Simpliwork Offices plans to raise $60-M to expand in India, make overseas forays

Economic Times  

Bengaluru-based Realty firm Salarpuria Sattva's co-promoted Simpliwork Offices plans to raise USD 50-60 million as equity to expand business in India and enter into overseas markets, such as Singapore, as it sees the demand for managed flexible office space rising amid the COVID-19 pandemic. Simpliwork's current operational portfolio is 2.8 million sq ft across Bengaluru, Delhi-NCR, Mumbai, Pune and Hyderabad. It is also planning to enter the Chennai market.