your password has been reset successfully, Please login again.

GoWork Receives INR 375 Crore Debt Funding from BlackRock and Other Investors

It is the first transaction of BlackRock in the onshore finance segment in India.
BY BEx Bureau
BusinessEx
Aug 06, 2019

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.

Please add your Comment
SIMILAR News
December 10, 2019
The intelligence solution provider is reportedly establishing its 4th Indian bureau; this time, the ...More
By Jaspreet Kaur
December 07, 2019
As per the startup, it will employ the funds to increase operations in India and the Middle East via ...More
By Jaspreet Kaur
December 05, 2019
Rajkot-headquartered firm renders software services to cargo and logistics firm, bus operators with ...More
By Jaspreet Kaur
December 04, 2019
Plastic manufacturing firm, Manjushree Technopack Ltd has lately purchased a majority share in Amrit ...More
By Jaspreet Kaur
December 02, 2019
B2B marketplace, Infra.Market has lately raised INR 143.26 crore in its Series A funding round; Tige ...More
By Jaspreet Kaur
December 02, 2019
The news has come following Chairman and Promoter of Parag Milk, Devendra Shah acquired 200,000 stak ...More
By Jaspreet Kaur
November 30, 2019
The microfinance company, CreditAccess Grameen Ltd proclaimed that it will acquire 100 per cent shar ...More
By Ritu Marya
November 29, 2019
The transaction happens following CFG’s decision to sell a $500 million stake to the US-headquartere ...More
By Jaspreet Kaur
November 27, 2019
Subscription-based vehicle maintenance platform, FirstU has reportedly raised an undisclosed sum of ...More
By Jaspreet Kaur
November 27, 2019
Just Herbs, which is operated by APCOS Natural Pvt. Ltd will employ the money for expanding its prod ...More
By Jaspreet Kaur
November 25, 2019
The decision of selling the Indian food delivery unit, UberEat has come at a time when the parent co ...More
By Jaspreet Kaur
November 25, 2019
According to a media report, the deal will probably seal by the cessation of February 2020, after re ...More
By Jaspreet Kaur