Coworking Space

“Space as a service” will become a norm for companies in 5 years, Kapoor said

OYO is working on three coworking brands set to be priced differently

OYO Workspaces will come up against the likes of WeWork, Awfis Space Solutions and 91Springboard

Innov8 founder Ritesh Malik will drive the company’s expansion under OYO post-acquisition

The company is looking to expand capacity to 10,000 coworking seats

OYO is developing three coworking brands

Flexible workspace platform Qdesq offers services across 1,690 spaces

Qdesq serves global giants such as Expedia, Tripadvisor, Zomato & Worldpay

With the exponential response in India, Qdesq is all set to expand overseas

Flipkart is in talks with at least five coworking space providers

Companies such as WeWork and CoWrks are being considered for the move

It is currently operating from its 30-floor 8.3 Lakh sq ft office in Bengaluru

Currently, there are over 15,000 known coworking spaces across the world

Coworking has made starting up super easy and possible

It provides safe ground to try something new

In FY17, Awfis reported a massive revenue growth of 1583%, 91springboard 1387% and Innov8 just 438%

The key driver of Awfis and 91springboard’s growth is their techn-led model and their focus on enterprise clients

Our analysis of the P&L statements of Awfis, Innov8, and 91springboard revealed that all three are operating under losses

Awfis plans to use the funding to expand its operations to new cities, especially Tier 2 ones

Existing investors Sequoia Capital, TTS:IO, and InnoVen Capital participated in the funding round

The valuation of the company has reached more than $130.8 Mn (INR 900 Cr)

• Innov8 has gone from a single centre in 2015 in New Delhi to nine live centres today
• The coworking startup has 190 companies on board and claims to have a 95% occupancy across centres
• Its USP is creating personal connections with its members and taking a traditional-yet-modern approach

Karan Virwani Tells Us His India Strategy And Explains Why WeWork Is More than Just A CoWorking Space

The Innov8 Space In DLF Cyber Hub Is Fully Managed Office Space And Has 500 Seats

The Coworking Space Provider Recently Opened Its Second Location In Mumbai Called WeWork Marol

With This, WeWork India Aims To Strengthen Its Presence In Tier I Cities Bengaluru, Delhi And Mumbai