Awfis opens new co-working centres in Bengaluru

Awfis Space Solutions, a co-working space provider, has opened 63,000 sq feet in Bengaluru which can house 1,050 workstations. Bengaluru is a big market and this is their fourth centre in a CBD (central business district) and 11th in Bengaluru. The centre is already 80% occupied as a result of pre-launch sale of its seats to clients such as Reliance Communications, Frontizo Business Services, Equal Experts and The Math Company. The Mumbai-headquartered firm saw its revenue jump nearly threefold year-on-year in 2018-19 to Rs 158 crore from Rs 56 crore. It expects an exit annual revenue run rate of Rs 400 crore by March 2020. “The company is already profitable since October 2018 at company level,” said Sumit Lakhani, chief marketing officer, Awfis Space Solutions to media.