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Smartworks announces investment of US$25 Mn in its new Venture – Smartworks Technology Services

Strengthens Senior leadership with appointment of Anuj Nangpal as CEO

Smartworks, India’s leading Enterprise-focused Managed office space provider, today announced the launch of its new venture, Smartworks Technology Services. The new venture aims to launch a Building Operating Platform and Workspace Management SaaS product targeted at landlords and organisations globally, centred on new workplace management and experience models.

The Workplace Management SaaS product will integrate Technology with flexibility, safety, privacy and security while prioritising employee health, well-being and productivity. The Building Operating Platform will allow landlords to manage their office assets more efficiently and sustainably. The company has also announced the appointment of Anuj Nangpal as the Chief Executive Officer to head this new venture. He will also serve as Chief Information Officer, Smartworks and will oversee digital transformation for business growth. Anuj joins Smartworks Technology Services from a US$ 100 Mn global fund investing in Proptech – JLL Spark and has over two decades of experience in Real Estate Technology, Venture Capital, Corporate Strategy and Mergers & Acquisitions.

With Smartworks Technology services’ suite of solutions, companies can seamlessly manage their office space by improving speed, productivity and operational efficiencies. The offerings will enable enterprises to make faster and smarter data-based real estate decisions such as space allocation, optimisation and utilisation, and transformation of their employees’ overall office experience. The cloud platform will integrate all the siloed Technology and applications used to run buildings and empower the building owners to make predictive interventions, enhancing the efficiency of the building and the experience of the tenants.

On the announcement, Neetish Sarda, Founder Smartworks, said, “Technology has been at the core of our managed offices since our inception and will now serve as a key enabler towards spearheading our enterprise-focused workspace solutions to the next level of growth. We are excited to step into new business horizons and offer these SaaS platforms to organisations globally to manage all their real estate needs. Built in-house for improved performance and efficiency, our 400+ clients are already benefiting from these technology solutions. Additionally, these SaaS solutions have also been sold to external enterprise clients.”

On his appointment, Anuj Nangpal, CEO, Smartworks Technology Services, said, “I am excited to join the Smartworks team and look forward to working closely with a talented team. As a leader in the managed office space, Smartworks has built a profitable business model that is redefining the future of work. Uniquely positioned to capitalise on the changing workspace dynamics, we aim to build on the company’s existing strengths while identifying new opportunities for growth and innovation.”

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