Let’s Work, a co-working spaces start-up, has been acquired by Angel Investors for an undisclosed amount.
On this acquisition, Kushagra Awasthi, founder of Let’s Work said, "I am extremely proud of Let's Work's journey over the past five years. This partnership opens up exciting opportunities for us to expand and innovate in the co-working industry. I am grateful to our team members, clients and supporters for their unwavering commitment, and I look forward to an exciting future ahead."
The company claims that acquisition of Let’s Work solidifies the company's position as a leader in the co-working space and also represents a testament to its enduring success and impact within the industry.
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Let’s Work is a modern co-working space founded in 2018 by Awasthi, offering entrepreneurs and professionals a shared working infrastructure. Its clientele include enterprises like Paytm and Instasys.
According to a recent report by Awfis, which also offers coworking solutions, a significant 63% of companies across different sizes have adopted flexible solutions to varying extents. This demonstrates that flexibility has become a fundamental aspect of workplace solutions for organisations of all sizes.
It added that the IT/ITeS, new tech and BPM sector is a prominent catalyst for flexible space demand and consistently represents a significant proportion of respondents with varying degrees of flex adoption in their real estate portfolios.