Synq.Work plans to invest Rs. 60 Cr to expand its portfolio

Synq.Work, one of India’s leading managed office space providers, recently announced to expand its current seating capacity from 3,200 to 12,000 by adding an additional 8,800 seats by December 2025. In line with the announcement, the company plans to add 600,000 sq ft of total area to its existing 400,000 sq ft portfolio with a strategic investment of Rs. 60 Cr.; committed to catering to the need for customer-centric and community-building office space solutions.

Leveraging on its state-of-the-art offerings – managed office spaces, private offices and flexible coworking spaces, the company has been able to achieve impeccable success in Delhi NCR, with a total of 16 offices in the region. Driven by the huge market response, Synq.work is all set to chart an exponential business course by entering new metros – Bangalore, Pune and Hyderabad to deliver outstanding workplaces.

Commenting on this significant expansion, Rahat Bhagat, Co-Founder, Synq.work said, “Over the last four years, the coworking industry has undergone a massive transformation with an increase in enterprises and startups looking for flexible and managed office spaces. Over the years, we have managed to carve a distinctive niche for ourselves to stay ahead in this highly competitive market. We are excited to embark on this journey of further expansion, which will broaden our reach to a larger community of innovators, creators and leaders by providing them with the required infrastructure and resources to thrive.”

Furthermore, Synq.work aims to set a new standard for managed office spaces through its dedication to customer service, community building and sustainability, enabling businesses to thrive in a rapidly changing world. Leveraging this unique approach, the company has built strategic partnerships with Fortune 500 companies, multinationals and startups. It delivers tailored business solutions to leading clients including Cars24, Canara HSBC Life Insurance, OnGrid, Lighthouse Canton, Acko Insurance and others with premium managed office spaces.

Launched in 2018, Synq.work successfully achieved 90% occupancy in its first year of operations. Since then, the company has continued to grow at a rapid pace, expanding to 3500+ live seats across 13 facilities / 600+ WIP in Q1 FY2024 with aggressive plans to expand further in the current year.