<ul data-eligibleForWebStory="false"><li>Smartworks, a co-working operator planning to launch its IPO, reported an increased net loss of Rs 63.17 crore for the fiscal year 2024-25 despite a growth in revenue from operations.</li><li>The company aims to boost revenue levels, reduce expenses, and achieve profitability in the future.</li><li>Smartworks will reduce its IPO size and utilize the proceeds for capital expenditure, loan repayment, and general corporate purposes.</li><li>With 48 operational centers and 1.9 lakh seating capacities, Smartworks holds a significant market presence in the co-working sector by sub-leasing office spaces to corporates.</li></ul>

IPO-Bound Smartworks FY25 Loss Widens, Revenue Up 32%

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