Black Rock, one of the renowned asset management company, has led INR 375 crore debt funding round in the Indian startup, GoWork, according to a media report.
It raised the money from a fund managed by BlackRocks Private Credit team, along with CLSA Capital Partners Special Situations Group, GoWork said in its statement, as reported by the daily news, VC Circle.
It is the first transaction of BlackRock in the onshore finance segment.
It will use the funding to grow its business and provide value-added services to its clients, GoWork told the daily news.
BlackRock and CLSAs support would help GoWork to scale its growth across India. The funding would also help the startup to address the need for creating a support system catering to the infrastructural and business needs, CEO and Chief Evangelist of GoWork, Sudeep Singh told the daily news.
The investment management firm was confident of its investment considering GoWorks approach to the coworking model, Asian Head of BlackRock, Neeraj Seth told the daily news.