India's coworking sector is experiencing a dramatic turnaround. Listed giants like WeWork India, Smartworks, and Awfis have swung into profitability in Q3 FY26, with Awfis reporting a 43% year-over-year profit surge. The industry has shifted from a startup-focused model to enterprise-driven operations, with large corporations now accounting for 75% to 90% of revenue. These companies are demonstrating newfound financial discipline, moving away from growth-at-all-costs strategies toward sustainable operations. Enterprise clients provide structural stickiness with lock-in periods exceeding 30 months. Meanwhile, Table Space has received board approval for a ₹200 crore pre-IPO fundraise, targeting a ₹1,000 crore total primary issue.
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