Startup Profile

Awfis

Legal entity: Awfis Space Solutions Limited

India's flexible workspace network

Real Estate & PropTechListedService / Agency· New Delhi, Delhi· Est. 2015Website ↗
Awfis Space Solutions is an Indian flexible workspace and coworking provider founded in 2015 by Amit Ramani. It offers coworking seats, managed offices, and office fit-out services across Indian cities, largely through an asset-light managed-aggregation model. The company listed on the BSE and NSE in May 2024.
Funding raised
₹1117.18 Cr
Total disclosed
Latest valuation
₹2659.00 Cr
Most recent round
Latest revenue
₹186.00 Cr
FY FY26
Employees
—
FY FY26

Founders

  • Amit Ramani

    Founder and CEO of Awfis Space Solutions. An architect by training who spent about 12 years in the US before returning to India and launching Awfis in 2015.

Funding rounds

  1. Venture2023-06-19₹332.00 CrLed by A91 Partners
  2. Series D2019-08-06₹249.00 CrLed by ChrysCapital
  3. Series C2018-07-25₹166.00 CrLed by InnoVen Capital
  4. Series B2017-04-26₹166.00 CrLed by Sequoia Capital India

Financials

MCA / self-reported
Fiscal yearRevenueProfit / (Loss)Employees
FY26₹186.00 Cr——
FY25₹136.00 Cr——
FY24₹93.00 Cr——
FY23₹73.00 Cr——
FY22₹49.00 Cr——
FY21₹47.00 Cr——
FY20₹9.00 Cr——
FY19₹5.00 Cr——

The full story

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Timeline

  1. 2026-05-27GCC growth lifts Awfis earnings; A Rs 2,000 Cr AI & deeptech fund — [YourStory] Profit after tax for Awfis rose 66% year-on-year to Rs 71 crore, while operating EBITDA climbed 37% to Rs 550 crore, with margins expanding to 36.8%.
  2. 2024-05-30IPO and stock market listing — Awfis listed on the BSE and NSE on 30 May 2024 after a roughly INR 598.93 crore IPO subscribed about 108 times; shares listed at a ~12.8% premium on BSE and ~13.5% on NSE over the INR 383 issue price.
  3. 2021EBITDA profitable — Awfis says it has been EBITDA profitable since 2021, reporting EBITDA of about INR 271 crore in FY24.
  4. 2019-08ChrysCapital leads USD 30M Series D — ChrysCapital leads a USD 30 million round with Sequoia and Three Sisters; Awfis operated about 30,000 seats across 63 centres in 9 cities at the time.
  5. 2017-04Sequoia leads USD 20M Series B — Sequoia Capital India invests USD 20 million to fund expansion, then the largest financing round in the Indian coworking segment.
  6. 2015-04Founded in New Delhi — Amit Ramani launches Awfis, jointly incubated with The Three Sisters Institutional Office with an initial commitment of about USD 11 million, starting from a single centre in Vasant Kunj, Delhi.

Data sources

  • seed-list + News RSS↗ · last fetched 2026-05-28
  • News RSS (Inc42 / YourStory / Entrackr)↗ · last fetched 2026-05-28
  • Wikidata↗ · last fetched 2026-05-28
  • Screener.in↗ · last fetched 2026-05-28
  • NSE filings↗ · last fetched 2026-05-28
  • favicon↗ · last fetched 2026-05-31
  • StartupTalky↗ · last fetched 2026-06-01
  • Entrackr↗ · last fetched 2026-06-01
  • Inc42↗ · last fetched 2026-06-01
  • Inc42↗ · last fetched 2026-06-01
  • Inc42↗ · last fetched 2026-06-01
  • BusinessWire↗ · last fetched 2026-06-01
  • Tracxn↗ · last fetched 2026-06-01
Updated 2026-06-01