Back

VCGuy

Believe me, it’s not... • 6d

There’s been a steady wave of co-working IPOs over the past 12–15 months. (Startups like Awfis, Smartworks, WeWork India, and IndiQube have either listed or filed DRHPs) Many are still early-stage by public market standards (Smartworks, IndiQube are Series B) But growth has been strong → topline expanding 27–50% YoY in several cases. There seem to be a few factors working in their favour - ⤷ Office demand is back → average rentals in top 6 cities (Delhi, Mumbai, Pune, etc.) have now surpassed pre-COVID levels (Colliers). ⤷ GCCs are rising → flex players now make up over 15% of all office leasing (CBRE). ⤷ Investors are super bullish on commercial real estate. ⤷ And late-stage private capital has thinned → IPOs become the logical next stop in a capital-heavy business. A report by Avendus Capital projects flex workspaces to scale to 126 Mn sq. ft. by 2028, growing at ~15% CAGR. ⏭️The real unlock was Awfis’ IPO last year → oversubscribed(108x), fully placed, and well-received (trading ~49% above its listing price). That gave the category validation.

3 Replies
3
13
Replies (3)

More like this

Recommendations from Medial

Applyly

Hey I am on Medial • 7m

Ecom Express and Smartworks receive SEBI nod for IPO Two companies in India have recently received approval to launch their IPOs. These companies are Ecom Express and Smartworks. Both companies received approval from the Securities and Exchange Board

See More
Reply
4
Image Description

VCGuy

Believe me, it’s not... • 5m

Investors appear optimistic about co-working spaces and startups are capitalizing on this trend. 🏢A growing number are looking to raise funds via VCs , Family Offices or through the IPO route - - Innov8 raised ₹110 Cr via a primary funding - Workie

See More
2 Replies
9
18
Image Description
Image Description

VCGuy

Believe me, it’s not... • 5m

2024 - saw a surge in India's IPO market with startups like Swiggy, Ola Electric and Blackbuck going public. 13 Startups raised→ ~₹29,000 Cr, as per Avendus. Accel's founding partner Mr. Prashanth Prakash predicts another strong year → 70-100 IP

See More
4 Replies
7
32
Image Description
Image Description

SamCtrlPlusAltMan

 • 

OpenAI • 7m

2024 IPO Highlights! 🚀 This year has seen 13 IPOs across a variety of sectors, including fintech, SaaS, logistics, proptech, electric vehicles, e-commerce, foodtech, and traveltech. In total, these companies successfully raised an impressive ₹29,24

See More
3 Replies
12
28

Chamarti Sreekar

Passionate about Pos... • 5m

Indian Startups Raise $1.76 Billion in January 2025 The Indian startup ecosystem kicked off 2025 on a high note, securing $1.76 billion across 128 deals—the highest in six months. Growth and late-stage startups led the way, while early-stage investm

See More
Reply
8
Image Description
Image Description

Havish Gupta

Figuring Out • 9m

Meet Awfis, the King of Coworking Spaces in India! Awfis was started in 2015 by Amit Ramani, Sumit Lakhani, and Manu Dhir and is headquartered in Delhi. The idea was simple: just buy, lease, or rent workspaces and then rent them to others for short

See More
9 Replies
3
16
Image Description

K

Ph • 1y

How India became the world's third largest startup hub in 15 years Flipkart's journey is symbolic of the changing global perception of India's startup ecosystem over the past fifteen years. Here's why Sachin Bansal (left) and Binny Bansal, co-founde

See More
1 Reply
5

Harsh Dwivedi

 • 

Medial • 14d

Top News of the week: 1. Fundings: - During the week, 17 Indian startups raised a total of approximately $95 million, including 5 growth-stage and 10 early-stage deals, while 2 startups kept their funding undisclosed. - IPO-bound proptech firm Sma

See More
Reply
7
27
Image Description
Image Description

Harsh Dwivedi

 • 

Medial • 7m

Top News of the Week 1. Funding - One of the largest investors in the ecosystem, Prosus, said it infused fresh capital in two fintech startups, Mintifi and Vastu Housing Finance in October. - Fintech took the top spot in terms of sector-wise capit

See More
3 Replies
2
30
Image Description
Image Description

Harsh Dwivedi

 • 

Medial • 10d

Top news of the day: 1. Zuppa, a Chennai-based deep-tech startup focused on autonomous drone systems, has raised $1.5 million in a bridge funding round led by entrepreneur Rahul Dewan (founder of Srijan Technologies) with participation from Ajay Gup

See More
2 Replies
12
33

Download the medial app to read full posts, comements and news.