The Economic Times reported that Google, a prominent US tech company, has leased over 617,000 square feet of office space at Atrium Place in Gurugram, one of the biggest office space agreements of 2025. The building, which was created in collaboration with DLF and Hines, represents Google’s ongoing foray into the corporate real estate sector in India.
The deal is a component of Google’s long-term strategy to increase its footprint in the National Capital Region (NCR), even if the lease’s terms and financials are still unknown. The most recent agreement was reached months after the business leased 550,000 square feet from Table Space, a managed office provider in another commercial facility in Gurugram.
India a Hot Spot for Google as it Renews Bangaluru Office Lease
Google IT Services India extended its office lease at Bengaluru’s Bagmane Capital Business Park for a further five years in May 2025, paying INR 90 crore a year. The 870,000 square foot workspace is spread between two towers, Kyoto East and Kyoto West, and is next to Google Ananta, the company’s largest campus in India, which can accommodate 5,000 workers. Propstack records state that Google will pay INR 7.5 crore in rent each month, or INR 86.25 per square foot. Additionally, a total of INR 38 crore has been deposited as security, divided between the two towers.
Google Also Renews Mumbai’s BKC Lease
Google Cloud and Google India extended their office leases at the First International Financial Centre (FIFC) in Mumbai’s Bandra-Kurla Complex (BKC), one of the priciest corporate districts in India, in February 2025. The Mumbai contract, according to the property records Square Yards examined, spans two floors and 110,980 square feet. The monthly rent is INR 3.55 crore, and the lease will be in effect for five years beginning in June 2025. After three years, there is a 15% rent increase clause in the agreement. Google paid a security deposit of INR 9.64 crore, stamp duty of INR 1.87 crore, and registration fees of INR 30,000.
Quick Shots
•Google
leases 617,000 sq ft at Atrium Place, one of the largest office deals in
2025.
•Atrium
Place developed by DLF and Hines; part of Google’s strategy to grow its NCR
footprint.
•Google
had earlier leased 550,000 sq ft from Table Space in Gurugram.
•Mumbai
lease includes INR 3.55 crore/month rent, INR 9.64 crore security deposit,
and stamp duty of INR 1.87 crore.
•Google is strengthening its
presence in key Indian metros—Gurugram, Bengaluru, and Mumbai.
The ruling Congress government in Karnataka has come under fire from opposition parties after Andhra Pradesh and Google inked a Memorandum of Understanding (MoU) on October 14 to build a top-notch AI data centre in Visakhapatnam. More than one lakh jobs are anticipated to be created by the $15 billion project, which is Google’s biggest investment outside of the US.
Dr K Sudhakar, a former health minister and Chikkaballapura MP, stated on X that Andhra gains when Karnataka loses! Once the go-to place for multinational tech companies, Bengaluru and Karnataka are losing ground as a result of the Congress government’s indifference, haughtiness, and policy gridlock. Karnataka watches as jobs and opportunity shift to other places, while Andhra draws top-tier investments. Karnataka’s youth demand improved confidence, clarity, and governance.
Political Players Calling it End of Tech Era for Bangalore
Arvind Bellad, the deputy leader of the opposition, also blasted the current administration for all of the opportunities that were lost. “Bengaluru, which was once the Silicon Capital, is losing investors because of policy paralysis and arrogance,” he said. Instead of encouraging growth, ministers harm businesses. Karnataka’s economic narrative has been transformed into a governance catastrophe by the government.
DK Shivakumar, the deputy chief minister, stated that he does not wish to respond to Andhra minister Nara Lokesh or anybody else. Bengaluru and Karnataka are unmatched. Bengaluru offers everything, from human resources and infrastructure to startups and innovation. There are about 25 lakh employees, including 2 lakh foreigners. The Centre receives 39–40% of its revenue from Bengaluru.
Shivakumar added further that every day, he gets calls from leaders all over the world, and we talk about their needs. Many international businesses that previously operated out of rented offices are increasingly establishing campuses of their own. That is Bengaluru’s might. It is unmatched by any state in the nation.
Janta Dal Calling it a ‘Big Blow’ to Karnataka
The loss of Google’s AI project was referred to as a “major blow” to Karnataka by the Janata Dal (Secular), which cited missing investment possibilities and insufficient infrastructure. “The state loses the Google AI hub to Andhra Pradesh,” the party wrote in a tweet. Due to carelessness, Karnataka loses a project worth INR 1.3 lakh crore.
A significant initiative that Karnataka missed out on: Google signs an MOU with Andhra Pradesh to establish #AIHub in Visakhapatnam, pledging INR 10,000 crore annually and 30,000 jobs. If a business-friendly atmosphere isn’t guaranteed, entrepreneurs might depart.
Karnataka IT Minister Priyank Kharge expressed doubts about the sustainability of Andhra Pradesh’s incentives, which included subsidised land and water bills, free transmission, 100% GST reimbursement, and subsidies of INR 22,000 crore. “The ‘Global Investors Summit’ would not have drawn INR 10 lakh crore in investments this year if IT companies were leaving Karnataka,” said Karnataka Home Minister G Parameshwara.
Quick
Shots
•Google inks $15 billion MoU with
Andhra Pradesh to set up a world-class AI data centre in Visakhapatnam.
•The project is expected to create
over 1 lakh jobs, marking Google’s largest investment outside the US.
•JD(S) and BJP leaders call it a
“historic loss” and “major blow” for Karnataka.
•Criticism mounts on Karnataka’s
Congress government over policy paralysis and investor flight.
Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations.
It is an undeniable fact that the Indian education system has undergone a radical change over the last few decades. While there have been concerted efforts at making education more accessible, what is still lacking, especially in higher education, is the much sought-after connection with the industry.
Instructors and mentors aside, who would not only equip pupils with new skills but also guide them in their careers, there is the necessity to have a curriculum that is vetted by industry veterans. That’s exactly what led to the launch of Scaler in 2019.
An upskilling platform by InterviewBit, Scaler enables aspiring students and working professionals in tech to unlock their potential. At this moment, Scaler’s upskilling offerings, Scaler Academy and Scaler Data Science & Machine Learning (DSML), have over 35,000 working professionals cumulatively enrolled in its program since 2019.
In terms of outcome, Scaler has already found resounding success. 94% of the placed learners have already bagged jobs with aspirational companies as software engineers and developers. Scaler learners have witnessed a mean salary of ₹21.6 LPA, a median salary of ₹17.5 LPA and a placement rate of 93.5 per cent. The highest domestic salary achieved by Scaler learners stands at ₹3.03 crore. The average salary for learners who had 6-10 years of work experience is ₹31.9 lakhs, while learners with more than 10 years of experience received packages averaging ₹57.1 lakhs, while the highest salary offered to a Scaler learner was a whopping INR 3.03 crore per annum.
StartupTalky interviewed the founders of Scaler (by InterviewBit) to learn about the Success Story of Scaler and take a glance at Scaler’s Products, Business Model, Funding, Growth & more.
Scaler was incubated inside the InterviewBit in 2019 – a platform where people could learn new programming skills and practice interview questions in order to scale up in their careers.
Scaler is an upskilling platform by InterviewBit that enables both students and working professionals to unlock their talent. Scaler’s offerings cater to –
Young working professionals (Scaler Academy, Scaler DSML and Scaler Neovarsity)
Students graduating from 12th grade (Scaler School of Technology)
Scaler’s meticulously structured programs vary in duration from 9 months to 24 months. These act as career accelerators by enhancing the skills of the students by offering them a modern curriculum with satisfactory exposure to the latest technologies. Scaler’s students have access to over 1000 working professionals from top software companies across the globe, including Amazon, Google, Facebook, Netflix, and X (Twitter), among others, who act as instructors, teaching assistants, mentors and career coaches.
Cumulatively, Scaler has had over 35,000 students and working professionals enrolled in its various programs. The Scaler programs are being developed as an inclusive ecosystem of engineers and mentors to help talent scale and build the next generation of global tech leaders. Scaler has been designed to help and guide students from engineering colleges to prepare and learn skills that they would require for top technology jobs.
Scaler helps to polish skills and get its students ready for prospective jobs with big-tech companies, whether they are fresh college graduates or working professionals looking to advance in their careers.
Scaler’s goal is to ensure that the talent is recognised regardless of the student’s background. The platform aims to create a benchmark for software engineers in the recruitment space so as to ensure that they receive the best opportunities in the industry to further their careers.
Scaler is a tech education startup that offers courses on computer science which train and upskill software developers to find meaningful employment in India’s burgeoning tech industry. It offers several in-depth and intensive programs that are taught through live classes delivered by tech leaders and subject matter experts. The curriculum is systematically and specifically created in order to provide students with sufficient exposure to the latest technologies.
Here’s a list of Scaler’s offerings –
Scaler Academy
For all the tech professionals who want to accelerate their careers, Scaler Academy has designed a flexible program for you. It is a program to master Problem Solving & System Design. One can choose the curriculum based on the level of knowledge one already entails & the type of specialisation needed, i.e., Backend Specialisation or Full-Stack Specialisation.
Thoughtfully designed learning aspects, topics & concepts
Hands-on Projects and assignments to implement concepts
Personalised topics, peers & pace of learning are optimised for one’s needs
Industry-tested curriculum to make one job/career-ready
Scaler DSML
The program is for engineers looking to specialise in Data Science and Machine Learning, The course will start by building a strong foundation in Data Structures and Algorithms. Then, learners will dive into Mathematics, followed by Data Mining, Statistical Analysis, Data Science, Machine Learning, Deep Learning and Big Data. More than 45 critical tech tools will also be taught during the length of the course.
Live class
Industry projects
1:1 mentorship
Secure Placement Assistance
Scaler Topics
Scaler Topics is a gamified free learn-to-code platform that can provide quality technical content for anyone interested in software-related subjects. The platform provides streamlined technical content across all fields related to tech, data science, and machine learning for individuals passionate about learning and building a career in many in-demand domains with assisted videos from mentors, even those with no prior knowledge in their chosen field. In addition to the video courses, the platform provides a wide range of free material to software enthusiasts through interactive challenges, events, contests, and detailed article threads by industry experts.
Courses
Contests
Articles
Reading Tracks
Scaler School of Technology
Established in 2023, the Scaler School of Technology stands out as India’s leading institution for engineering education. The school presents a 4-year residential undergraduate program in Computer Science, delivered by eminent tech leaders from major industry players like Google, Microsoft, Facebook, Amazon, Uber, and more. Distinguishing itself with an industry-validated curriculum, an esteemed teaching faculty comprising top tech professionals, and an innovative 1:1 mentorship model, Scaler operates from a cutting-edge campus located in Bangalore’s Electronic City, in close proximity to major tech firms. Going beyond conventional education, the program provides specialised tracks in high-demand technologies coupled with a groundbreaking one-year paid internship. Successful program completion rewards learners with a 3-year BSc in Computer Science from BITS Pilani and a one-year Master in Computer Science from the globally accredited Woolf University.
Scaler – Founders and Team
Both Scaler and InterviewBit have been founded by IIIT (International Institute of Information Technology) Hyderabad alums Anshuman Singh and Abhimanyu Saxena.
Anshuman Singh and Abhimanyu Saxena – Founders, Scaler (& InterviewBIt)
Anshuman Singh
Anshuman previously worked at Facebook, where he led the team to build and scale the Messenger feature. Anshuman was also part of the four-member landing team to set up the London office of Facebook. He is a competitive programmer and a two-time ACM ICPC World Finalist.
Abhimanyu Saxena
Abhimanyu led a team that designed NYC-based retail marketplace Fab.com’s entire front end. A seasoned entrepreneur, Abhimanyu co-founded his first enterprise while still in college.
Abhimanyu Saxena started his career with Progress Software as a Programmer and later moved to Fab.com as a Software Architect, where he worked for over three years. During his days at Fab.com, he had to recruit new talent for projects, which turned out to be a tedious job. Even after screening hundreds of resumes and conducting interviews, they were only able to find the right talent in single digits. Anshuman faced a similar challenge in his role at Facebook (Meta), where he was setting up the London office and was looking to recruit tech talent for Facebook’s expanding footprint.
Almost 90% of the candidates interviewed did not have the necessary tech skills that were required for the job. This was when he experienced the scarcity of skilled tech talent in the industry and realised the gap that exists between the university curriculum and the skills that are required to succeed as a software engineer.
In 2015, together, they started InterviewBit as an online platform providing interview prep to aspirants to make them job-ready, thereby also addressing the challenge faced by recruiters in hiring the right talent for the job.
InterviewBit.com is a free coding practice platform for developers. The platform helps college students as well as working professionals to polish their programming skills and get job-ready. The companies that hire from the programmer community on InterviewBit.com pay the company hiring fee. All Scaler by InterviewBit courses have prepaid Scaler course fees that students need to pay to be part of the program.
Scaler’s first two paying customers were Amazon and Facebook. “They started helping Amazon hire quality engineers back in 2015, and to date, they are super proud that we’ve helped Amazon hire a lot of top tech stars. They built an interview warm-up tool for Facebook Careers called CodeLab, which was exceptionally popular amongst the FB applicants,” Says Scaler Founders.
The majority of private organisations, both large and small, claim that while graduates might possess theoretical knowledge, they usually lack the skills that are required to complement entry-level jobs. They realised that most people they engaged with were capable of achieving even greater things given the right guidance. That’s exactly what led to the launch of Scaler in 2019.
At Scaler, the pedagogy of the courses has been created, and the structured interaction with recruiters and industry leaders (CXOs) has been set up, as it helps understand what companies are looking for in candidates and then train their students with those skills accordingly.
Scaler means scale – scale your career, scale your skills, scale your life to be bigger, and better. It’s also a play on a mathematical term – Scalar.
The logo shows the process of scaling, from the small cube, becoming bigger, to the white space resembling a diagonal arrow pointing upscaling.
The colour blue was chosen, as it’s commonly associated with trust, loyalty, wisdom, confidence, and intelligence. These are the qualities that Scaler wants to inspire in others when looking at the brand.
Scaler – Business Model and Revenue Model
InterviewBit.com is a free coding practice platform for developers. The platform helps college students as well as working professionals to polish their programming skills and get job-ready. The companies that hire from the programmer community on InterviewBit.com pay the company hiring fee. All Scaler by InterviewBit courses has prepaid Scaler course fees that students need to pay to be part of the program.
Scaler’s first two paying customers were Amazon and Facebook.
“They started helping Amazon hire quality engineers back in 2015, and till date are super proud that we’ve helped Amazon hire a lot of top tech stars. They built an interview warm up tool for Facebook Careers called CodeLab, which was exceptionally popular amongst the FB applicants” Says Scaler Founders.
Scaler – Challenges Faced
Fixing the problem of talent scarcity is a rather hard problem, with fixes needed on both the supply and demand side. Lack of awareness among students and archaic ways of hiring at businesses, which have gotten established over the years, are two problems that need behaviour change. However, Scaler does see a positive change coming on both fronts at a rapid pace.
Post the phenomenal growth Scaler saw in 2021 and 2022, the edtech brand is now focusing on maintaining its top line and profitability. Scaler has been EBITA positive over the last few months and is hoping to hit annual profitable figures by the end of the year. Here are some growth highlights that Scaler has witnessed to date:
Scaler has expanded its operations to the US in January 2022
Scaler is adding 2,500 learners monthly, and since April 2019, it has onboarded & helped 35,000 learners cumulatively.
Scaler has a very active community on Discord where students and teachers (mentors) discuss various tech and digital skills topics, clarify doubts instantaneously, and discuss assignments, projects, etc. With over 130,000 members, it is the largest tech community in the country.
Scaler is positive for both cash flow and EBITDA.
Scaler’s courses offer 4.5X RoI (return on investment) for the students
Thousands of Scaler alumni are placed in companies like Microsoft, Google, Uber, Amazon, Paypal, Adobe, VMWare, Intuit and McAfee.
Scaler (by InterviewBit) has raised a total of over $76.5 million in funding to date. The recent round of funding came in from Lightrock, Sequoia, and Tiger Global, which helped the company raise $55 mn, as of 1st February 2022.
Scaler’s Funding and Investors details are as follows:
Date
Series
Amount
Investors
February 1, 2022
Series B
$55 million
Lightrock India, Sequoia Capital and Tiger Global
January 28, 2020
Series A
$20 Million
Sequoia India, Tiger Global, Global Founders Capital and Rocket Internet
–
–
$1.5 Million
Sequoia Surge Program
Scaler is backed by marquee investors like Peak XV Ventures (Sequoia Capital India), Tiger Global, Global Founders Capital, and Lightrock India, along with several high-profile individual investors. Lightrock India has stepped in as a new investor, leading the recent round of Scaler on February 1, 2022, where the company raised $55 million.
Scaler Shareholders
Scaler – Competitors
Some of the top competitors of Scaler Academy include –
Scaler acquired Coding Elements and Coding Minutes in 2021. Followed by Applied Roots in 2022 in a deal worth $50 million. All the founders of these companies and their respective teams joined Scaler as full-time employees. Recently, Scaler made its fourth acquisition of a Delhi-based education platform, Pepcoding, for an undisclosed amount. This acquisition will accelerate growth and support across various business units, including strategy, product design, B2B enterprise, operations and instructor org.
Here’s a glimpse into the 4 acquisitions that Scaler made so far:
Name of the company acquired
Date of acquisition
Price
Applied Roots
March 2, 2022
$50 mn
Coding Minutes
October 21, 2021
$98.82 mn
Coding Elements
August 30, 2021
$1.05 mn
Pep Coding
May 31, 2023
Undisclosed amount
Scaler – Recognition and Achievements
InterviewBit was recognised by LinkedIn as one of the 25 hottest Indian start-ups to work for in 2019
InterviewBit was one among the 17 startups from India, Indonesia, Singapore, Vietnam, and Bangladesh that have made it to the inaugural cohort of venture capital firm Sequoia’s Surge program
Scaler was recognised as a Great Place to Work® by the GPTW Institute in 2021
Recognised by AmbitionBox as “The Best Place to Work in India 2022” among tech startup companies with more than 500 employees in India
The startup’s parent firm, InterviewBit, is featured on the Financial Times’s Asia Pacific High Growth Companies 2021, 2022 and 2023 ranking.
Scaler – Future Plans
For the near future, Scaler plans to sustain a substantial revenue growth range of 30-40% from FY24 to FY25 with a focus on not just the financial progress but also a consistent delivery of high-quality education and essential skills for their learners.
“At Scaler, they believe execution is equally essential for success in online learning. Towards this end, they continuously experiment with and incorporate new methodologies for teaching and learning to ensure an effective outcome,” added Scaler team
Besides this, the team is also focusing on building Scaler School of Technology with admissions open to welcome the second batch of students to the campus.
Ultimately, their goal is to bridge the demand-supply gap in the tech industry.
Scaler – Community and Reviews
Scaler’s community on Discord currently comprises around 130,000 members. It is the largest tech community in the country, comprised of like-minded individuals, where members discuss various tech and digital skills topics, share job openings, and engage in games and competitions.
The reviews of Scaler by many people say…
“People teaching you are either a world-class competitive programmer or have cracked interviews in companies which take world-class hard interviews”
“The doubt support time is mentioned as 30 minutes, but it is wrong, He must say. It’s less than that. Anytime He felt doubt, He messages his community of batch mates or even to the teacher who taught him that concept, and they clarify instantly”
“You will have a Student Success Manager who will be guiding you through every step of your journey. In my case, My SSM even got to the extent that He was not solving problems in the middle of the course, so she contacted me and asked me to make a Google doc and share it with her and update daily on that doc the questions He do”
“If you succeed in a job interview – they will call and congratulate you and talk about the next opportunities. If you fail in one – they will call and say it’s normal and will discuss areas of improvement you can make.”
Scaler Office photos
FAQs
How are InterviewBit and Scaler related?
Scaler was incubated inside the InterviewBit in 2019 – a platform where people could learn new programming skills and practice interview questions in order to scale up in their careers.
What is Scaler?
Scaler is a competitive online accelerator program that offers a course on computer science that trains software developers to land jobs with top tech companies. It offers an intensive 6-12-month computer science course.
How much is Scaler Funding?
Scaler (by InterviewBit) has raised a total of $76.5 million in investment to date.
Who are the founders of Scaler?
Scaler and InterviewBit both are founded by IIIT Hyderabad alums Anshuman Singh and Abhimanyu Saxena.
What is Scaler Academy?
Scaler Academy is an online tech-versity for the top 1% of software developers in the country. They offer an intensive six-month computer science course through live classes delivered by tech leaders and subject matter experts.
Who does Scaler Cater to?
Scaler caters to:
Tech-enthusiasts in university (Scaler Edge)
Young working professionals (Scaler Academy)
Those looking to transform into future CTOs and entrepreneurs (Scaler Plus)
Unbeknownst, the falling Indian currency 78 INR mark rate against the US dollar for the first time helped Indian marketers, that is, somehow created a smooth way to one step ahead in achieving the fifth-largest economy in India.
As we know to excel in the business challenges, startups must take necessary actions in evolving tech, a shift in consumer preferences by adopting new product strategies, and frame objectives according to economic policies.
Some Indian unicorns overcame the following challenges as they introduced indulgent, efficient, and customer-centric products. In this regard, India ranks as the third largest unicorn-producing country in the world, with 106 unicorns competing against the USA and China.
Indian Cities With Their Unicorn Count: A Total of 106 Unicorns
According to IMF sources, India has surpassed the UK in the final three months of 2021 to become the world’s 5th largest economy, following the USA, China, Japan, and Germany in 2022.
Known for being the key pillar of the Indian economy, India’s startup ecosystem is a kick start to GDP growth, whereby the country achieved the milestone of 100 unicorns in May 2022.
The above graph shows the countries with the maximum number of unicorns (2022) as per the data shown by Google
Bangalore
We immediately conjure up an image of the country’s IT hub whenever we hear “Bangalore”, don’t we? Bangalore, as we all know, is a happening city in India with many tech-based companies and growing career opportunities. Bangalore is home to 43 unicorns out of 106 in India.
The city has a nurturing ecosystem that is known for its IT sector and ability to build top tech brands. By leveraging talented fellows, adopting cutting-edge technology, connecting with opulent inventors, and collaborating with multinational R&D centers.
Thereby, established top-most brands in achieving the $1 Billion mark within a short span and ultimately contributed 37% of unicorns of the nation in terms of leading sectors as Fintech 20% and SaaS 12% contribution of unicorns. Bangalore has earned the title of the top city in India for producing unicorns across industries like e-commerce, logistics, and ed-tech.
In no doubt, Mumbai has earned the deserving title of ‘the city of dreams, a place where many entrepreneurs have started their careers. As is the case, Mumbai is the richest city in the country with a homeland of 72 billionaires living and contributing $310 Billion toward the GDP of the country.
It accounts for more than 70% of unicorns in Delhi, as they are based in the Gurgaon region. The city has opened various portals for opportunities. Second-largest information technology hub and third-largest financial hub in India, Gurgaon is home to a slew of multinational corporations.
Since it houses top IT companies and fortune 500 companies, the city has been nicknamed ‘Cyber city’. With 13% of the total unicorn percentage in India, Gurgaon stands third in unicorn production.
Startup Name
Industry
Founding Year
Unicorn Entry Year
Oxyzo
Fintech
2016
2022
Mamaearth
E-commerce Personal Care
2016
2021
Spinny
Automotive
2015
2021
Mobikwik
Fintech
2009
2021
OfBusiness
Building Materials
2015
2021
Droom
Marketplace- Automotives
2014
2021
BlinKit
E-commerce- Groceries
2013
2021
Urban Company
Home Services
2014
2021
CARS24
B2C E-commerce
2015
2020
OYO
Hospitality
2013
2018
Rivigo
Logistics
2014
2019
PolicyBazaar
Insurance company
2008
2018
Zomato
Foodtech
2008
2015
Tata 1mg
HealthTech
2015
2022
MakeMyTrip
Online Travel
2000
2010
ReNew Power
Renewable Energy
2011
2017
Pristyn Care
Healthtech
2018
2021
New Delhi
New Delhi is not only the capital of India but lately, reformed into a new startup capital of India. Moreover, India will become the 3rd biggest economy in the world in 2022, and Delhi has become a hotspot for several startups and unicorns around India as well.
Gurgaon and Noida are the most prominent hotspots. Delhi is now home to 10 unicorns, with an estimation of roughly 1 billion dollars. And as of 2022, Delhi-NCR has a market worth 46 to 56 million dollars. Moreover, Delhi is reported to have the most Indian unicorns in a short span, and its startup ecosystem is growing exponentially.
Approximately 12,000 startups, 30 unicorns, and a cumulative valuation of about $150 billion could be based in Delhi-NCR by 2025, making it one of the top 5 global startup hubs. Delhi NCR contributes roughly 6.6% to the Indian unicorns.
Startup Name
Industry
Founding Year
Unicorn Entry Year
BharatPe
Fintech Payments
2018
2021
Delhivery
E-commerce Logistics Services
2011
2019
Lenskart
E-commerce- Eyewear
2010
2019
ShipRocket
eCommerce shipping
2017
2022
GlobalBees
E-commerce Retail
2021
2021
Pune
One fine feature in unicorns at Pune is women leading the start-up culture. Pune has 3200 Startups, on the other hand, Mumbai has 3274 Startups, which may compete against each other in the future in a healthy way.
Moreover, the Sci-Tech Park (established by the Ministry of Science and Technology, Government of India, and the University of Pune in 1986) alone has 153 startups.
As a result of Pune’s exceptional position to support start-ups and its proximity to industry, IT, and the best academic institutions, international collaboration among start-ups has increased over the past few years. Pune’s contribution to unicorns is approximately 5.7% as of a recent survey.
Startup Name
Industry
Founding Year
Unicorn Entry Year
ElasticRun
E-commerce Logistics
2015
2022
XpressBees Logistics
E-commerce Logistics
2015
2022
FirstCry
E-commerce
2010
2020
Icertis
Saas- Contract Management
2009
2019
Druva Software
Saas- Data Management
2008
2019
OneCard
Fintech
2018
2022
MindTickle
Saas- Enterprise Software
2011
2021
Chennai
Since Chennai city has failed to invest enough in startups in the last ten years, speed has finally picked up now, with a new administration in place. In a recent study, Tamil Nadu has a well-rounded business ecosystem spanning sectors, particularly in the industrialization sector.
However, compared to Bangalore, Mumbai, and Delhi, it still struggles to fit in. Moreover, several experts are believed to turn Chennai from Tamil Nadu into i-Tamil Nadu Technology, a hub for technology and a better startup ecosystem. Chennai as well pitches in 6.7% of the Indian unicorn sectors to the economy.
Startup Name
Industry
Founding Year
Unicorn Entry Year
Five Star Business Finance
Financial Services
1984
2021
Uniphore Software Systems
SaaS- Conversational Automation
2008
2022
CredAvenue/ Yubi
Fintech
2017
2022
ChargeBee
Financial Services
2011
2021
Freshworks
SaaS – CRM
2010
2018
The above graph shows the aggregate value of Indian Unicorns in Billion US Dollars as per the source Iron Pillar India Tech Trends Volume IV Report
Noida
In addition to Delhi, Noida has also bagged the title of a prosperous startup hub. The city is now a gateway for various global corporations. The city might be from Uttar Pradesh but emerged just like Delhi NCR when it comes to an industrial and manufacturing hub.
Noida has wide roads, and expressways in addition to greeneries, and for this reason, Noida is at present an up-and-coming city with an impressive startup ecosystem.
Moreover, it is near the Industrial Development Authority, Delhi, which makes good connectivity to the capital city, access to profitable talent, and cost-effective operations. Meanwhile, Noida extends 3.8% of the Indian unicorn sector’s income to the economy.
Startup Name
Industry
Founding Year
Unicorn Entry Year
Moglix
B2B E-commerce
2015
2021
PhysicsWallah
Edtech
2016
2022
Pine Labs
Fintech
1998
2020
Paytm
E-commerce Finance
2010
2015
Paytm Mall
E-commerce
2017
2018
Hyderabad
When there is a discussion about startup cities, Hyderabad also needs to be mentioned. Even though not many of the startups have turned into unicorns here, the number of budding startups here is quite high.
In the span of 3 years, from 2019 to 2021, approximately 933 startups were created here. It is not wrong to estimate that some of the smartest startups have been based in Hyderabad. And when it comes to unicorn startups, Hyderabad is home to 3 unicorns in India.
Startup Name
Industry
Founding Year
Unicorn Entry Year
Darwinbox
SaaS- HR
2015
2022
Highradius
Fintech
2006
2020
Zenoti
Saas- Spa and Salon Services
2010
2020
The above graph shows the percentage of Indian Unicorns based on the different geography as per Iron Pillar India Tech Trends Volume IV Report
Goa
Goa is highly acknowledged for its natural component. However, the government there is keen on making it a startup destination across India. Undoubtedly, Goa is home to many small and large startup businesses. Apart from that, Goa is also home to health based unicorn startup named Molbio Diagnostic.
Startup Name
Industry
Founding Year
Unicorn Entry Year
Molbio Diagnostic
HealthTech
2010
2022
Jaipur
The Pink city of India also provides a suitable culture for numerous startups to grow in it. The Ecosystem of Jaipur Startups is ranked at 7th position in India and 212th position globally. Jaipur is now home to one Indian Unicorn company and has many more coming in the future.
Startup Name
Industry
Founding Year
Unicorn Entry Year
CarDekho
E-commerce Automotives
2007
2021
Conclusion
On the whole, India has over 106 unicorns, all segregated in cities like Delhi, Bangalore, Chennai, Gurgaon, Noida, Hyderabad, Jaipur, Goa, and Mumbai. So far, India has globally earned recognition for its unicorns, and this may be one of the reasons why India is ranked third in the world economy.
FAQs
Which Indian state has the most unicorns?
Karnataka is home to the maximum number of unicorns.
Which city has the most unicorns?
Bengaluru has the most number of unicorns.
Which country has the most unicorns?
The United States has the highest number of unicorns in the world with a tally of 865 unicorns followed by China with an account of 224 unicorns.
Which is India’s 100th unicorn?
The 100th unicorn of India is a neo-banking platform named “Open”.
Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by mfine.
The focus of healthcare has been shifting toward the patient for quite some time now. The expansion of the health-tech industry is being driven by the availability of inexpensive healthcare paired with sustainable mobility. The medical technology business is growing due to changing terrain, improved healthcare delivery and funding methods, and a changing patient profile.
Even with all its flaws, India’s healthcare system has a lot moving for it on several fronts. Artificial intelligence can make accurate conclusions possible when it comes to patients’ data, thereby helping the patients achieve the healthcare quality they dream of. The government-led campaigns along with the companies like MFine are making the reach of healthcare broader and refining the healthcare practices to a huge extent.
MFine is an AI-powered, on-demand healthcare startup that gives customers access to online appointments and hospital-based linked healthcare. Telemedicine and teleconsulting programs via the MFine app are allowing medical knowledge to reach people much more easily and conveniently.
MFine merged with LifeCell International’s diagnostic arm on July 11, 2022, after being an independent company for over 5 long years. The new, merged entity will emerge as LifeWell.
Here’s learning “What is MFine?”, MFine owner name, Founders of MFine, MFine Funding, MFine Competitors in India, MFine merger, and everything else about the MFine company. Follow below to get an insight into the company:
MFine is an AI-powered on-demand healthcare startup that gives customers access to online appointments and hospital-based linked healthcare. Users can contact paediatricians, gynaecologists, obstetricians, and physicians from leading hospitals of their choice through chat or video to acquire prescriptions and/or routine treatment using the company’s service.
The doctors have exposure to a proprietary Assistive Intelligence platform that analyses symptoms and provides an accurate prediction for specialists to evaluate patients. This implies that now the doctor is aware of the patient’s condition even before they visit them, allowing for a quicker and more accurate diagnosis.
MFine aspires to make obtaining reliable healthcare simple, quick, and preventative. MFine was created by keeping the customer experience in mind, using a combination of cutting-edge technologies and collaborations with the finest medical centres.
MFine enables rapid and ongoing communication with the greatest doctors in the best hospitals. It makes use of cutting-edge technology to keep track of your health indicators and to keep all of your health data under your control and accessible. Digital wearables, smartphone apps, and at-home services provide much-needed ease and speed in bringing you the treatment you need when you need it. Furthermore, MFine also provides discounted health check packages in partnership with the hospitals.
According to research, India’s health market is predicted to develop at 39% at CAGR (Compound Annual Growth Rate) from FY2020 to FY2023, reaching 50 billion USD by 2033.
The health-tech market is presently valued at over $2 billion, and it is divided into six segments: telemedicine, e-pharmacy, fitness, wellness, healthcare IT, analytics, home healthcare, and personal health management. This represents less than 1% of India’s total healthcare business.
“The pandemic and adoption of technology in healthcare have brought a quantum shift in the sector. In recent years, we have seen some of the most significant deals, and the Indian health-tech sector has received close to $1.6 billion in funding since 2017,” said Rajeev Shah, MD, and CEO of RBSA Advisors.
According to the estimates, the Indian health-tech industry would reach $5 billion in 2023 and $50 billion in 10 years. With $700 million in revenue in 2020, e-pharmacies were the most profitable segment of the Indian health-tech market, followed by B2B health-tech ($60.2 million), B2B medical supplies ($28.8 million), other health-tech services ($100 million), e-diagnostics ($70 million), and teleconsultation ($45 million).
Machine learning, robotics, artificial intelligence, wearables, on-body gadgets, and blockchain, among other technologies, will have a significant impact on the future of healthcare. The use of cloud infrastructure in healthcare record management, as well as a greater focus on the digitalization of patient medical records, is expected to accelerate.
MFine – Name, Logo, and Tagline
MFine, as the name implies, shows what the firm does for its consumers, i.e., the patients. The mfine company makes it easy or patients to check up with physicians online and receive health tests at home, all with touch or the click of a button, thereby ensuring that they are fine.
MFine Logo
MFine’s slogan says, “MFine – one app for all your health needs.”
MFine – Founders
MFine was founded by Ajit Narayanan, Arjun Choudhary, Ashutosh Lawania, Prasad Kompalli in 2017.
Founders of MFine – Ajit Narayanan, Arjun Choudhary, Ashutosh Lawania, and Prasad Kompalli
Ajit Narayanan
Ajit Narayanan
Ajit is an electronics engineer with over 2 decades of experience in product development and organization building in e-commerce, consumer internet, mobile, healthcare, analytics, and integration platforms.
As a Co-founder, CTO, and Product Office of MFine, Ajit is in charge of the company’s product and technology strategy. Ajit was the CTO of Myntra, India’s largest e-commerce shop for fashion and leisure items, in a prior life. Ajit began his career in mobile technology at SAP, where he developed solutions for offline and online mobile application development, as well as domain programming languages for User Interfaces and API administration.
Arjun Choudhary
Arjun Choudhary
Arjun Choudhary, an IIT Roorkee alumni with over 10 years of expertise in sales, revenue, and growth, is in charge of the company’s Strategic Business Expansion. Before joining MFine, he worked at Myntra as a Senior Director of Growth and Sales, where he helped the company grow by 50 times. He’s also worked as a global capacity planning analyst for Amazon. Arjun is currently serving as the Chief Business Officer at MFine, along with being a Founding Member of the company.
Ashutosh Lawania
Ashutosh Lawania
Ashutosh Lawania is a software application developer and digital marketer with over 15 years of expertise. Ashutosh is known as one of the co-founders of the healthcare app MFine. He has also been the Co-founder and Head of Sales and Marketing at Myntra, an Indian e-commerce website where men and women can buy branded footwear, clothes, and accessories.
Before joining Myntra, Lawania co-founded Bytedge Solutions, a product engineering firm that specializes in assisting product development firms and startups with their product engineering and go-to-market processes. Lawania graduated from the Indian Institute of Technology in Kanpur with a Bachelor’s degree.
Prasad Kompalli
Prasad Kompalli
Prasad Kompalli, the former CBO of Myntra and Senior VP of SAP Labs, believes in harnessing technology for innovation, and his area of expertise is business strategy. He was a member of SAP’s top 200 worldwide executives, holding positions in Strategy and General Management. He completed his Postgraduate studies in Business Management at the European School of Management and Technologies (Berlin), IMD Switzerland, and INSEAD France, and he possesses 7 patents in data and mobile technology. Kompalli is known as the CEO and Co-founder of MFine.
MFine was last registered with a total count of employees ranging between 501-1000, on its Linkedin profile.
Ashutosh Lawania and Prasad Kompalli, both former top executives of Myntra, chose to start from scratch at the end of 2016. They’d helped Myntra grow into a great e-commerce consumer brand, but they noticed something similar was missing in healthcare. That was how MFine’s idea came to their mind.
MFine was founded in February 2017 as a healthcare platform. While they were not strangers to founding a business, MFine was a new experience for them. “It wasn’t easy persuading folks to join us and work with us when MFine was simply a notion on paper,” explains Kompalli.
Conversations with hospitals revealed that the customer experience needed to be improved.
“They needed an easy interface with limited typing, so we came up with a health keypad which collects data from reports without the user having to type. We ran a beta program and the results were promising,” Kompalli say
It was difficult for anyone without a medical or healthcare background to break into the healthcare ecosystem. Catching the early adopters, according to the creators, was challenging. People, on the other hand, quickly adapt to accessibility and ease.
The business accepts 100-120 cases every day from a variety of specialities. The business has collaborated with 20 hospitals in Bengaluru and has 70 doctors across ten specialities, offering voice, video, and chat support. The company’s founders are currently focusing on chronic illness management and the use of IoT to link medical equipment.
MFine – Vision and Mission Statement
MFine’s mission statement is to make quality healthcare available to consumers at scale.
MFine’s vision has always been to make excellent health more accessible, dependable, and hassle-free for everyone, driven by a love for providing care, spurred by an uncompromising emphasis on quality, and guided by ground-breaking artificial intelligence.
MFine – Business Model and Revenue Model
Instead of collecting individual physicians on its platform, MFine uses a unique methodology of working with prominent and trustworthy institutions. MFine can provide high-quality treatment from trustworthy doctors via a digital channel because of its hospital affiliations.
Gynaecology, dermatology, paediatrics, cardiology, and general medicine are among the app’s most popular specialities. Commissions from client consultations, lead-generation fees from hospitals, and corporate tie-ups are the main sources of revenue for the firm. It also has partnerships with local hospitals to provide accessible and dependable medical treatment.
MFine earns money by acting as a digital extension of its healthcare partners. That is, it deducts a portion of consumer expenditure. The firm claims to deal with over 500 doctors from 100 “elite” institutions, with a strong emphasis on technology.
MFine – Funding, and Investors
MFine, to date, has obtained $94+ mn over the 7 funding rounds that it has received funding in. The last funding round of MFine was the Series C round that came in on August 31, 2021, which was led by BEENEXT and Moore that poured in $46.39 mn. The company has been valued between $450-500 mn after the completion of the last funding round.
MFine has raised 7 rounds of funding. Check them out below:
Date
Round
Amount
Lead Investors
Aug 31, 2021
Series C
$46.39M
BEENEXT, Moore Strategic Ventures
Jan 18, 2021
Venture Round
$16M
Heritas Capital
Aug 31, 2020
Series B
$5.09M
Caretech Pte Inc
Jul 2, 2019
Debt Financing
$4.5M
Alteria Capital
Apr 22, 2019
Series B
$17.2M
SBI Ven Capital
May 17, 2018
Series A
$4.2M
Prime Venture Partners
Sep 1, 2017
Venture Round
$1.5M
Stellaris Venture Partners
MFine – Growth
MFine’s on-demand healthcare platform allows users to obtain virtual consultations and linked care programs from a network of hospitals. It was founded in 2017 by former Myntra executives Ashutosh Lawania and Prasad Kompalli, who were subsequently joined by Ajit Narayanan and Arjun Choudhary.
Over 3 million customers have used MFine services since its debut, with over 300,000 monthly transactions including medical consultations, diagnostic testing, e-pharmacy, and in-patient treatments. Mfine introduced a new layer to its virtual doctor consultations in October 2018 by connecting with laboratory and diagnostic services, giving its customers access to more than 700 diagnostic centres in 400+ locations throughout India. The company further has claimed to have a network of over 500 hospitals with 3000+ doctors.
Every month, over 100,000 people utilize MFine to schedule diagnostic testing. More than 6000 physicians, including some of India’s best, spanning 35+ specialities, work in over 700 reputable institutions. They assist millions of people in over 1000 locations around the country. Instead of aggregating doctors, it works with hospitals, allowing customers to consult doctors from their favourite hospitals through chat or video and receive prescriptions and basic care.
Since the outbreak of the COVID-19 pandemic and a rise in the uptake of digital health among Indians, MFine has grown 15% month on month. MFine is substantially investing in technology to make the telemedicine experience much easier and more effective for providing high-quality treatment.
During the Covid-19 in 2020, the firm claims to have provided teleconsultation for over a million people. To meet demand, the firm extended beyond cities to 1,000 villages throughout India, offering AI-powered self-assessment, long-term care programs for chronic diseases, and membership perks to both individuals and businesses.
MFine Merger
Mfine merged with LifeCell
MFine has merged with the diagnostic business of LifeCell International, as per the July 11, 2022, reports. After looking for numerous merger and acquisition opportunities for the past months, MFine has ultimately successfully merged. This merger has brought forth a new entity that will be termed as LifeWell.
As per the reports associated with the new, merged entity, LifeWell, it will stand as a full-stack digital health platform in the diagnostic space in contrast to the pure-play marketplace that MFine was. Besides, the joint entity has also raised $80 mn in a new round from OrbiMed. The total userbase of LifeWell has been combined to be estimated at over 6 mn users, which is growing at a rate of 100% Y-o-Y, revealed the companies in a joint press release. LifeWell is looking to serve more than 50 million users over the next 4 years.
This merger is the third major consolidation that the Indian healthcare/healthtech ecosystem has seen during the past couple of years. It was already seen that the unicorn Indian startup, Pristyn Care acquired Lybrate in a distress sale in June, and prior to that, we saw the merger of DocsApp and MediBuddy.
MFine Heart Rate Monitoring Feature
MFine unveiled its latest innovation by presenting the all-new heart-rate monitoring feature integrated with its app. MFine launched its heart-rate monitoring tool on its app on March 3, 2022, which is designed to help people keep a track of their heart rate without any external devices. As far as the latest news goes, nearly 700 people are using this tool of MFine to monitor their heart rate every day.
MFine Pulse
MFine developed an app-based SPO2 solution in early 2021, allowing users to monitor their oxygen levels without the requirement of separate equipment. Since then, the program has been utilized by over 250,000 people, with thousands more using it regularly. MFine will be adding heart rate and blood pressure monitoring to the product in the coming months.
As of April 2021, MFine has released MFine Pulse, a mobile application that can check blood oxygen levels with just a finger and a flash.
The technology, named MFine ‘Pulse,’ is now in beta testing for Android users and will be for iOS in a few weeks. Even though clinical studies for the tool are still ongoing, the tool looks to be promising, with an accuracy rate of 80%, according to a news release.
Thousands of customers are using the tool in the company’s Android beta rollout, generating hundreds of assessments every day that are put into machine learning techniques, which CTO Ajit Narayanan believes will increase the tool’s precision in the months ahead.
“For now, the goal is to make our SpO2 monitoring tool as accurate, if not more accurate, than pulse oximeters available at the pharmacy,” Narayanan said.
MFine Financials
MFine had last recorded Rs 70 lakhs in operating revenue in FY19, which surged by 7.3X to become Rs 5.12 crore in FY20. The total earnings of the company have been recorded at Rs 12.23 crore during FY20.
However, for the surge in its revenue, MFine also had to sacrifice a considerable amount of money because the losses of the company ballooned by 2.9X to become Rs 99.5 crore in FY20 from Rs 34.4 crore in FY19. The outstanding losses of the company were estimated in the FY20 fiscal to be Rs 140.2 crore.
MFine expenditures surged rapidly from Rs 34.4 crore that it spent in FY19 to become Rs 99.5 crore in FY20. The Prasad Kompalli-led company spent Rs 21.87 to earn a single rupee during FY20.
The losses for MFine further increased to Rs 102.7 cr in FY21, while its operational earnings went on to become Rs 12.9 crore during the same fiscal. The expenses of MFine were registered at Rs 116 crore.
The platform includes a sophisticated web of hundreds of machine learning algorithms and techniques across vision, hearing, and language processing modalities, allowing the virtual doctor to interpret data from numerous sources and propose the best next actions to the doctor.
According to Kompalli, the current problem is scaling innovation now that the prior hurdle of convincing people to switch to digital healthcare has passed. “We’re now facing innovative hurdles, such as how quickly we can scale up the ideas we made in the mobile and AI sector.”
In addition, the corporation is putting a lot of money into the platform’s AI capabilities.
They are working on inference capabilities to diagnose based on symptoms, patient history, and other data provided during the consultation, as well as computer vision capabilities to scan and automatically digitize diagnostic papers and interpret symptoms. Skills are being considered, such as determining the type of infection based on the sound of a cough, among other things.
MFine Layoffs
The Indian companies are seeing a spike in layoffs. MFine too announced its share of employee layoffs, where the company has laid off around 50% of its workforce, as of May 21, 2022. The BEENEXT-backed company has done away with 50% of its total workforce, and as per reports from close sources, a considerable chunk of the employee belongs to the operations, product, and marketing verticals. The latest layoffs were done, as per the sources, to reduce burn and extend the runway for the company. Source also claimed that the layoffs can go up as high as 70%.
Protests began within 2 days of the announcement of the MFine layoffs. Over 100 of the company’s employees started gathering outside the MFine Bengaluru office, demanding their full salaries for the month of May 2022, and an early release of their full and final settlement. People also claim that MFine has laid off the employees due to its inability to pay their salaries. The company has allegedly run out of funds. According to the employees, the pay cycle of MFine is from 20th to 20th, and they have served a full month that way and should be paid in full too. They were expecting an appraisal, added the employees, and had no idea about the company’s financial condition. The company, which had earlier announced to pay the employees 20 days’ salary for the month of May and said that it would credit the rest amount including that of the notice and period, and have their full and final payment settled, has now been pressurised by the employees to make the whole procedure fast and to credit the full month’s salary of May. The employees are also apprehensive about their salaries and mentioned that out of 3 offices, MFine has already closed 2, where only 1 office is currently operational, which might also be closed without clearing their dues.
Previously, Vedantu, Meesho, Cars24, Unacademy, and more have already laid off a considerable amount of their workforce due to the unstable financial grounds that they are standing on, and the fear of an impending recession.
MFine – Future Plans
MFine intends to treble its investment in Machine learning and artificial intelligence, mobile engineering, and device integration with this cash. Aside from that, it plans to grow its hospital network across the country and scale up newly released services like prescription delivery, preventative health screenings, and diagnostic testing.
FAQs
When was MFine founded and who founded MFine?
MFine was founded by Ashutosh Lawania, Prasad Kompalli, Ajit Narayanan and Arjun Choudhary in February 2017.
How is the MFine funding?
Looking at the MFine funding, the company has raised a funding more than $94 mn to date, as of July 2022.
How does MFine make money?
Commissions from client consultations, lead-generation fees from hospitals, and corporate tie-ups are the main sources of revenue for the firm. It also has partnerships with local hospitals to provide accessible and dependable medical treatment.
What is the use of MFine?
Mfine is an AI-powered on-demand healthcare startup that gives customers access to online appointments and hospital-based linked healthcare.
Which companies do MFine compete with?
Mfine’s top competitors include SeamlessMD, Happytal, Helium Health, MediBuddy, Pristyn Care, Doctor Insta, and Ferrum Health.
Has MFine been merged?
Yes, MFine, which was looking for a merger, has finally merged with LifeCell’s diagnostic unit to bring about a joint entity LifeWell, as per the reports dated July 11, 2022.
Company Profile is an initiative by StartupTalky to publish verifiedinformation ondifferent startups and organisations. The content in this post has been approved by Housejoy.
Though there are several startups in the home-maintenance segment, the sector is still dominated by non-organized players. One of the leading startups in this sector is Housejoy. Housejoy’s end-to-end technology-driven solutions for all home-related needs – right from construction to maintenance are paving a way for an indeed unique experience for its users.
Led by Sanchit Gaurav, Housejoy has kept cutting-edge technology at the core of all solutions and has a transparent and automated end-to-end process. Housejoy’s Construction and Renovation business is growing at the rate of 20% MoM and the growth seems unstoppable. Get an insight into the Success Story of Housejoy, its business model, founders, revenue, funding, competitors and more.
Started in 2015, Housejoy is a leading tech-driven Construction, Renovation, Interiors and Home Maintenance company catering to all home-related needs of Indian consumers. The company offers end-to-end technology-driven solutions for all home-related needs, from construction to maintenance.
The company is a pioneer in introducing geo-targeted technology when it comes to home services. Housejoy has its services running in 6 cities with more than 10 categories, that too in a highly fragmented sector.
The app and website of Housejoy are akin to a cab booking system where you are first asked to provide your location and then book a service. Once the user selects a location, various services available in that area are displayed to the user. It works similar to food delivery apps like Swiggy and Zomato.
Like many other online platforms, users can pay through online modes, banks, and cash. The app was wildly successful and was known for its reliability with more than 1 million customers and 500,000+ downloads in its initial years.
Housejoy – Founders and How it Started?
Housejoy was founded by Arjun Kumar and Sunil Goel, Sanchit Gaurav in 2015. Housejoy founders Arjun & Sunil quit the startup in 2017.
Arjun Kumar and Sunil Goel, Founders of Housejoy
Saran Chatterjee was the CEO of the company from 2015 till recently, he is now a member of the board. Sanchit Gaurav joined him in 2018. The company is now led by Mr Sanchit Gaurav the CEO and founder of Housejoy.
Sanchit Gaurav, Co-founder and CEO of Housejoy
Sanchit has close to 16 years of experience in the Indian real estate market. A serial entrepreneur, he founded Gaurav Housing Development Private Limited in 2012. He is also a Director at Altima Realty and Infra Private Limited.
Sunil Goel worked in the IT leadership team for two decades in TESCO and eventually switched his job to TutorVista as the head of operations. Sunil launched a video platform to pre-screen candidates before they are hired by a company. This platform was named VU First.
While Sunil was working in TutorVista, he met Arjun. Bookadda was the startup initiated by Arjun and he had raised $5 million in funding for this venture. Bookadda was eventually acquired by Sapna Group.
Arjun had worked for MakeMyTrip. He had experience working in different fields like product development and payment systems at different companies. While Sunil and Arjun were exchanging various ideas for startups, they felt there are several issues with home cleaning and maintenance. It was a realization of the tremendous potential in this field.
After working on their startup for around 3 years, the duo called it to quit. Many uncited sources say that the founders were forced to quit by the board members.
Housejoy has recently made several high-level appointments to its senior leadership team with a focus on innovation and digital transformation, including bringing on board –
Gaurav Joshi as Senior VP, Growth and Strategy
Arpan Biswas, VP, Marketing
Neelima Ronanki as Associate Vice President, Design
Deepak Thakur as Vice President, Product and Technology
Housejoy’s team also includes experienced Designers, Architects, Structural Engineers, Engineers, Site Supervisors, Quality Controllers, and Sales Representatives.
Pallavi Vijaydeep, Lead Interior Architect.
Tibin A is VP, Founder and CEO’s office, Customer Experience and Process Excellence
Housejoy started as a home maintenance and improvement brand that offered a variety of services including plumbing, carpentry, electrical services, pest control and beauty in five major cities across India. The company has now expanded its offerings to tap the almost $30 billion home construction market in India which is currently dominated by unorganized sector operators.
The conventional, unprofessional and non-tech-based approach often leads to a lot of problems for its consumers. Timelines are not adhered to, handovers get delayed, there is no accountability of schedule or cost-overruns, and at times, plans are altered without the consumer’s approval.
Even the quality and costs of materials used in construction are usually concealed from the customers. Housejoy understands these pain points and is committed to providing clients with a one-stop-shop offering 360-degree home construction and home services solutions.
Housejoy also focuses on bringing specialized beauty and wellness services to the customer’s doorstep. The on-demand salon and beauty services by trained and experienced beauticians include skin care, hair and makeup, and bridal and spa services using high-quality products.
The founders then decided to launch a startup that provides services at home and wanted a name that depicted the offerings. They came up with Housejoy which means the joy of being served at your home with satisfaction.
The logo of Housejoy is the roof of a house and under that roof is a smile which depicts the name Housejoy.
Housejoy – Business Model and How it Works?
Housejoy works on a marketplace business model wherein they charge a commission for the services delivered through their platform. The commission ranges from 5% to 15% depending on the category. Customers can choose a service from either their website or mobile app and book the same. Housejoy works as a mediator between service providers and consumers.
The brand offers its services on its website and mobile app. Customers simply need to choose a service from the available options and book it. The service provider will reach the customer’s house and perform the task. Housejoy works as a mediator where service providers and consumers can find each other and connect.
Housejoy – Revenue
Housejoy reported revenue of INR 136 crore in fiscal (2019-2020) which is 4x times more than in 2018. Housejoy’s Construction and Renovation business is growing at the rate of 20% MoM and their future plans include building 2000 homes in less than two years.
The company has also seen a massive increase in demand for its house sanitization and fumigation services which is expected to continue rising over the course of the next year.
Revenue grew 19% In FY18 i.e. INR 37.85.
In FY 17, revenue was INR 31.79 Crore.
Losses shrunk by 29.44 %, from INR 70.2 crore to INR 49.53 crore in a span of one year ending March 2018.
Housejoy – Funding and Investors
Housejoy has so far raised a total funding of $30.3 million from investors such as Amazon, Matrix Partners, Growth Story, Vertex Ventures, Qualcomm, and others.
Date
Amount
Series
Investors
June 2015
$4 Mn
Series A
Matrix Partners
December 2015
$23 Mn
Series B
Amazon, Matrix Partners, Qualcomm Ventures, ruNet
December 2018
$1.34 Mn
Bridge Round
Matrix Partners
December 2018
$1.58 Mn
Bridge Round
Vertex Ventures, RTP Ventures, Sama Capital,Qualcomm Ventures
The construction sector is labour intensive and hands-on. This is one of the foremost challenges that a startup like Housejoy faced in this domain.
“However, we keep everything streamlined with technology and ensure that any loopholes are addressed in a timely manner” says the team at Housejoy
Another challenge was the lockdown imposed after the COVID-19 outbreak which led to the disruption of its services. Initially, Housejoy operated for about a week by reducing the on-site presence of its workforce. However, work has picked up now and it has seen an increase in demand.
In future, the lean organizational structure where the number of on-site or in-house employees will be less will become a norm. The team at Housejoy are also going to focus on further automation of services so that the least possible disruption is caused to its services during any such unforeseen crisis.
Housejoy – Competitors
There are several companies and startups entering the home construction domain. Some competitors of Housejoy in the home-maintenance segment include Urban Company, Brick and Bolt, UrbanPro, Helpr, SBricks, Mr Right, Timesaverz, Bro4u, EasyFix, and Home Triangle.
Despite all the growth, the sector is still dominated by non-organized players. Housejoy’s vast expertise and in-depth understanding of consumer behaviour and needs have helped them create a unique profile. They have kept cutting-edge technology at the core of all solutions and have a transparent and automated end-to-end process. This ensures that all major stakeholders such as customers, sales teams, architects, designers, project managers and on-site engineers as well as the quality control and accounting personnel are on the same page.
Housejoy – Future Plans
Expansion of existing services and the addition of new areas is key for any organization. Housejoy has diversified its portfolio over the years in order to augment the business.
The Covid-19 pandemic highlighted the importance of branching out and innovation, even more. For instance, they have been focusing on constantly strengthening and modifying their service model by following customer feedback and inputs.
Post-Covid too, there will be a lot of focus on personal hygiene and sanitation. More people would opt to buy everything including groceries online. Housejoy has been receiving a lot of demand for organized at-home services and will be focusing on their on-demand beauty services too.
The company recently launched home fumigation services and is gearing up to do all that it can as a brand to ensure it helps its customers while ensuring the sustainability of the business. The overall goal of the platform is to become the largest tech-enabled construction and home services platform in India
Housejoy – FAQs
Is Housejoy shutting down?
No, there were rumours that the company might shut down but Housejoy confirmed that they are not shutting down and are planning to grow their services in India.
Who are the competitors of Housejoy?
The biggest competitors of Housejoy today are UrbanClap, TaskRabbit and Urban Pro.
What is the revenue of Housejoy?
Housejoy had a revenue of INR 136 crore in 2019-2020 which is 4x times more than in 2018. Housejoy’s Construction and renovation business is growing at the rate of 20% MoM.
What is the business model of Housejoy?
Housejoy works on a marketplace business model where the company charges a commission for services delivered through its platform. The commission varies across different categories. Some range from 7% to 10%, others lie in the range of 10% to 15%, and in the case of high ticketing services like construction and renovations, the commission may go up to 20%.
How much funding has Housejoy raised?
Housejoy has raised a total of $30.3 Million of Funding to date. Its most recent funding was led by Matrix Partners, Vertex Ventures, RTP Ventures, Sama Capital, Qualcomm Ventures and Ganesh Krishnan for $3.24 Million.
Company Profile is an initiative by StartupTalky to publish verifiedinformation ondifferent startups and organizations. The content in this post has been approved by Lo! Foods.
Taste and health never seem to go hand in hand. The Indian diet, especially snacks, is full of carbs and fat. Despite being conscious about the possible harm these snacks can cause to our health, it’s hard to resist that innate temptation to grab a bite of our favorite snack for something to munch on. So, what’s the other option?
Do you choose health over your favorite mathri or murukku? Or do you let go of your diet to feast on those tasty snacks? Nah, there’s no need to be selective. The option is to choose Lo! Foods.
Lo! Foods brings serves your favorite snacks in a healthy avatar so that there’s no longer the need to compromise between taste and health.
Lo! Foods is an FMCG startup founded in 2019, whose headquarters are situated in Bangalore. It manufactures a wide range of healthy Indian snacks. The company provides the widest range of low-carb and keto-friendly packaged foods in India. This includes namkeens, mixtures, biscuits, and desserts—many of these being the only of their kind i.e. a low carb/keto-friendly version in India. Lo! Foods also offer low-carb atta.
We have unique, technically superior formulations that have been developed after months of R&D. This makes our products the tastiest Low Carb Health products in the market. No other product comes close. Our range is also unique and Indian. Also, due to the nature of our formulations, we are also 35-40% cheaper than equivalent products in the market.
Lo! Foods – Industry Details
The healthy food and beverage sector in India is blooming and is poised to register significant growth in the years to come. In 2010, the health and wellness food market was worth INR 9,000 crore which reached to INR 10,352 crore in 2016; it continues to witness rapid growth.
Lo! Foods with its healthy range of food products want to make a positive difference in the lives of the Indian diabetic population. India currently has around 77 million diabetics, and the number is expected to cross 100 million in the next few years.
Lo! Foods – Founder
Sudarshan Gangrade
Sudarshan Gangrade, Founder of Lo! Foods | Lo! Foods Startup story
Sudarshan Gangrade is the founder of Lo! Foods. He was formerly the Head of Marketing at Ola. Sudarshan is a seasoned serial entrepreneur with vast experience in successfully running companies with expertise in growth, marketing, and analytics. An alumnus of IIT Kharagpur and IIM Bangalore, Sudarshan has been part of India’s e-commerce ecosystem right from its early days. An active sportsperson, he co-founded LeanScience—a boutique Diet and Fat Loss Consulting organization—in his most recent stint. A few years back, he quit his job and joined as a full-time volunteer in Nandan Nilekani’s team that was building the Aadhaar project. At Ola, Sudarshan helped build a viable transportation system for the Indian public.
Lo! Foods – Startup Story | How It Began?
Lo! Foods was conceived in response to the genuine concern Sudarshan had for people struggling to lose weight and be fit. Before starting Lo! Foods, Sudarshan had co-founded a boutique health and fat loss nutrition consulting firm called LeanScience. During that time, he got a chance to see up-close the struggles of people trying to lose weight and the problem of obesity in general.
Sudarshan observed that it was quite challenging for people to stop eating their favorite food and resort to bland and tasteless stuff in the name of fitness. Thus, the idea of providing consumers with a range of products that is healthy and yet tasty came to his mind and he was confident about the success of the same.
“Our thesis has been proved right. In the beta phase, we have seen our products flying off the digital shelves. Top Health platforms have joined hands with us to launch Lo! Foods. The response is really encouraging. Our repeat customer ratio already stands at 35% and we are yet to launch at a large scale” says Sudarshan.
Lo! Foods – Name And Logo
Lo! Foods’ logo | Lo! Foods Startup Story
The name Lo! is a play on the words Low Carb.
The “!” (exclamation mark) in the brand name was planned from the day the idea to start Lo! Foods was conceptualized. The ! was added to the name so as to give a pleasant surprise to consumers when they pronounced it.
Lo! Foods is indeed giving a pleasant surprise to consumers through its unique range of healthy Indian snacks!
Lo! Foods – Products
Lo! Foods offers a wide range of Indian snacks which not only taste good but are good for the health too. This food startup offers a healthy variety of namkeens, desserts, and bakery products.
We are already seeing customers across the spectrum actively cutting down carb consumption by reducing intake of ingredients like sugar, maida, rice and potatoes. We want to present them with a range of options where they don’t have to compromise on taste and their love for Indian snacks.
Lo! Foods – Revenue Model
Lo! Food’s products start at INR 35. The price differs depending on the product and quantity. The company makes a profit from the sales.
Lo! Foods – Funding And Investors
Lo! Foods raised seed funding worth $500k on August 22, 2019 from various angel investors. Some of the angel investors who took part in the funding round are Anuj Golecha (co-founder, Venture Catalyst), Raveen Sastry (co-founder, Myntra), Rashmi Daga (founder, Freshmenu), Sunil Chhabra (advisor and founding team member), Jumbotail, and Mitesh Shah (CFO, BookMyShow).
Before that, it had raised close to $300K in a Seed round led by Venture Catalysts on February 1, 2019. The last round that Lo! Foods saw, came from another Seed round dated April 16, 2021, with the help of which the company successfully raised $1 mn.
As said by Lo! Foods owner Sudarshan Gangrade, the funds raised will be used for expanding product portfolio and scaling up the brand’s distribution.
Lo! Foods – User Acquisition
Lo! Foods is not operating on a large scale yet. The company did a beta launch on its website and a very basic announcement on social media. Most of the customers the company has gained till now are purely through word of mouth publicity.
Lo! Foods is now live on Swiggy and other key e-commerce platforms. It has also tied up with the top health platforms in India to expand its customer base. In July 2019, Hyatt Place (Hyderabad) tied up with Lo! Foods to launch its low carb and keto friendly menu. This launch was executed on the Hyatt Place Hyderabad/Banjara Hills, a property of the renowned restaurant chain, Hyatt. The menu consists of Low Carb & Keto-friendly dishes, which include pastas, burgers, paninis, and desserts, which have been made with the help of Lo! Foods Atta. This specially curated menu is made available from July 10th, 2019 onwards and will include a range of all-day eating items like Paneer Kathi Roll, Grilled vegetable Panini, Carb friendly pasta, and desserts like Go Low Brownie.
Lo! Foods – Startup Challenges
Product development was the most challenging part of establishing the venture. The Lo! Foods team wanted to create healthy options while retaining the look and taste of traditional Indian snacks. It took almost 6 months of R&D and an intensive collaboration between a team of food technologists and nutritionists to come up with the right products.
Lo! Foods – Competitors
Though many companies are selling healthy snacks, Lo! Foods is differentiated from its competitors through its wide range of healthy Indian snacks. Britannia and Nilgiris are the director competitors of Lo!Foods.
There are many health-focused products available in the market. But we believe since none of the current options are catering to Indian taste palate, we are the only one in the space with one of its kind line of products – Sudarshan says emphasizing on Lo! Foods’ USP.
Lo! Foods – Growth
Within a short time, Lo! Foods have been able to attract a loyal fan base. It has various tie-ups in place and caters to more than 35% of repeat customers every month.
“We are ready for our next phase of growth. FMCG products are all about Product and Distribution. We have built a great product. We are in the phase where we now need to reach a large market, very quickly”
Lo! Foods – Future Plans
Lo! Foods’ mission is to reduce the incidence of diabetes and cardiac-related diseases in India by 5 million before 2023. The company plans to do this by reducing the overall consumption of carbs, an approach proven to help in weight loss and prevention of lifestyle-oriented diseases such as diabetes and high blood pressure.
FAQs
Who is the Founder of Lo! Foods?
Sudarshan Gangrade is the founder of Lo! Foods. It was founded in the year 2019.
What does Lo! Foods specialize in?
Lo! Foods sells snacks that are low in carbs and diabetes-friendly.
Is Lo! Foods an Indian Company?
Lo! Food is an Indian Company, founded in 2019.
Who is Sudarshan Gangrade?
Sudarshan Gangrade is the founder of the low carb and keto-friendly food products brand, Lo! Foods, which has been founded in 2019 and is headquartered in Bengaluru, Karnataka, India.
Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved byRecko.
Most entrepreneurs stress the challenge of reconciling transactions; it’s one of those necessary evils that everyone has to deal with but no one wants to do. We’ve heard individuals complain about the necessity to reconcile payments over the years in banking and payments. Over last few years, there has been a continual increase in the number of online payments, making it tough for many businesses, banks, and financial firms to keep track of expenses flowing around the organization. Recko is a corporation that specializes in financial reconciliation. Started with the mission to help businesses manage their financial operations with agility, simplicity, and innovation, Recko aids businesses that deal with several legs of payment processing as part of their daily operations in keeping track of and reconciling all financial transactions. Recko has reconciled over 250 million payments valued at over $2 billion in its first year alone.
In October 2021, Recko got acquired by San Francisco-based Fintech company Stripe. Stripe offers a wide array of services including payment and billing services, and tools for managing business operations. By acquiring Recko, Stripe is set to expand its services further. As per the deal, Recko’s entire team will join Stripe’s remote engineering hub and will work to develop and scale Stripe’s products.
About Recko and How it Works?
Through Accounting reconciliation, businesses can keep track of their transactions. With the expansion of business, reconciliation becomes a tough job. Especially with more and more online transactions being done these days, reconciliation has become even more cumbersome. This is where Recko helps.
Recko is a Software as a service reconciliation artificial intelligence-based software that assists finance teams at eCommerce marketplaces and transactional platforms in keeping track of the entire transaction cycle and business deals in order to avoid slipping and tripping hazards.
“The finance department on the merchants’ end is continuously dealing with this complexity of matching the right amount to right order, returns/ replacements and a lot of orders also move between months. All they have excels, spreadsheets and traditional ETL (extract, transform, load) tools which are cumbersome and error-prone. This is where we come into the picture,” said Saurya Prakash Sinha, Recko cofounder and CEO.
Recko was created with the goal of providing financial stability to businesses with significant transaction volumes, such as e-commerce platforms, insurance companies, and banks, by automating the entire reconciliation process. It ensures that each transaction is recorded and that all settlements are completed on time because it is an independent third-party transaction reconciliation layer.
“This also helps when customers have to be refunded as we use many different ways to make a single payment these days (including wallets, vouchers, gift cards, net banking and CC),” added Prashant Borde, cofounder and CTO at Recko.
Besides reconciliation, Recko also helps businesses in commission calculation, Payout creation, and reporting, to aid businesses to track, manage and account money end to end.
Recko’s current team consists of 60 people with extensive experience working for e-commerce and fintech companies such as Flipkart, Amazon, Nutanix, PhonePe, Ola Money, Razorpay, and others.
Recko – Logo
Recko’ s Company Logo
Recko – Founders and History
IIT Gandhinagar alumni Prashant Borde and Saurya Prakash Sinha launched Recko in 2018.
Founders of Recko – Prashant Borde and Saurya Prakash Sinha
Prashant and Saurya are serial entrepreneurs and have have robust industry experience. Prashant Borde co-founded shared computing platform GridAnts in 2012, which was later renamed Cubeit. The platform was acquired by Myntra in 2016, after which Prashant joined Jio.
Saurya worked for industry leaders like Flipkart and Phone Pe. In 2015, Saurya co-founded urban logistics and on-demand delivery platform ‘Townrush’, which was later acquired by Grofers. Saurya joined Grofers as AVP(product) after the acquisition of Townrush. In 2017, Saurya founded Recko along with Prashant.
The duo had hands on experience of developing processes that aided the product and finance teams in contributing to the company’s growth and accelerated financial governance. This led them to discover that organizations of all sizes battle to keep track of payments and face manual restrictions when it comes to reconciliation, computations, and scaled monetary operations management. Thus Saurya and Prashant decided to intervene and help businesses to manage their finances better by simplifying reconciliation, commission calculation, Payout creation, and reporting.
According to its founders, Recko reconciled transactions totaling $2 billion in its first year of business. Grofers, Dunzo, FreshMenu, and Meesho are just a few of its clients. It also has different monetizing methods in place, depending on the client’s needs, including volume and per-transaction costs.
Following are some of the primary gaps Recko is trying to close –
Unstructured data in large quantities
Use of a large number of people
Transparency and traceability of operations are lacking.
Time and expense spent on reconciliation have grown.
AI plays a role in resolving these issues on various levels. First, algorithms aid in the extraction of relevant information and analysis from more than 80% of data, which is critical in the financial domain because fintech models would be unable to function without data.
Furthermore, because they can’t always trace an error back to its source, most organizations set aside a specific proportion of revenue error to accommodate for reconciliation checks. To close this gap, Recko automates the reconciliation process, making it possible to track financial data throughout its full lifecycle. It accomplishes this by utilizing APIs to link with payment gateways, banks, and merchant order management systems, allowing firms to track receivables and uncover settlement problems. According to Recko, this reduces manpower investment by 50 percent to 60 percent.
Recko – Mission and Vision
Recko’s mission statement says, “Recko was started with the mission to help businesses manage their financial operations with agility, simplicity, and innovation. Today’s businesses need a collaborative interlock between their finance, product, and business functions to grow exponentially and stay ahead of the competition. Be it reconciliations, payment operations or complex commission calculations; Recko does it all.”
Reconciliation – Bringing your company’s transactions up to date in terms of accuracy, efficiency, and speed.
Commission Calculation – Automate your entire charge calculating procedure and keep track of external payment SLAs.
Payout – To disburse payments to customers and subcontractors, the company integrates easily with payment partners.
Recko – Business Model & Revenue Model
Recko is a B2B company, and earns revenue by charging subscription fee from its clients.
Without writing a single word of coding programs, Recko allows financial teams to ingest, enrich, and reconcile millions of transactions in hours rather than days. Recko cuts labor by 50 to 60 percent while keeping a close eye on transactions to guarantee money goes to the right parties at the right time with the correct deductions.
Recko is now processing enormous amounts of transactional data to digitize financial control within organizations, as well as developing Machine Learning models to detect abnormalities, risk, and intelligence in the money flow.
Recko – Revenue and Growth
The revenue for the Fiscal Year 2019 was USD 388K, up from USD 186K in the previous year. Recko’s customer’s includes top marketplaces like Grofers, Meesho and Dunzo.
Recko – Funding, and Investors
In its latest round of Series A funding raised on April 2020, Recko received $ 6 million. Vertex Ventures SEA and India led the financing, with Prime Venture Partners joining as an existing investor. Here are Recko’s funding details-
iPaymy, Pulse iD, SAP Concur, Sage Intacct, G2 Deals, Bill.com, Tradeshift, Invoiced, DocuWare, Spendesk, Riovic, and SureCash are among Recko’s main competitors.
Recko – Challenges Faced
The product needed to be stable because the company was working with extremely large data volumes. As they add features to the product, it continues to evolve. The aim is that the number of problems and inconsistencies will decrease as time goes on. Since the platform handles finances, the team at Recko needs to be extra careful so that nothing goes wrong.
“We needed to be precise, and we needed to be correct at scale. The crew spent a significant amount of time double-checking the figures.”, the Recko CEO said.
On the technology side, figuring out how to process these transactions was a significant issue for everyone on the team, since this used to take them over 3-4 days to handle more than 50-60 million transactions. They can now complete it in 30 minutes.
” for reconciliation, we are almost running at 100 million transactions in one hour. So the systems are becoming much faster. The idea is how do we do this at a much cheaper cost and faster. So this is where a lot of investment is going in,” said the CEO, Saurya Prakash Sinha.
Supporting scale was one of the issues they confronted. To make scale and security a basis in the architecture, Prashant says they had to redo a major portion of the first iteration.
“As we onboarded new customers, we realized that businesses looked at data very differently across industries. We did not want to leave any stone unturned, but we had a mission — to give the best of it. We added analytics, custom reports, commission calculation, and other integrations including storage services, payment gateways, and banks,” says Prashant.
The team quickly began working with clients from various industries and geographical places. Recko introduced geographies such as Southeast Asia and the European Union. Versioning was also released to support audit logs and time travel capabilities that needed to be reworked to allow future growth.
“We are planning to open APIs as well so that they can be integrated deeper into companies’ tech stack to solve a multitude of problems. Our long-term goal is to provide enough insights that enable businesses to make financial decisions in real-time,” says Prashant.
Recko – FAQs
What does Recko do?
Recko is a Software as a service reconciliation artificial intelligence-based software that assists finance teams at eCommerce marketplaces and transactional platforms in keeping track of the entire transaction cycle and business deals in order to avoid slipping and tripping hazards.
When was Recko founded?
Prashant Borde and Saurya Prakash Sinha launched Recko in 2017.
Which companies do Recko compete with?
iPaymy, Pulse iD, SAP Concur, Sage Intacct, G2 Deals, Bill.com, Tradeshift, Invoiced, DocuWare, Spendesk, Riovic, and SureCash are among Recko’s main competitors.
Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved byEzetap.
With mobile phones and applications changing the digital landscape, businesses have acknowledged the need for a shift in how they serve their consumers. Mobile point of sale programs, also known as mPOS apps, are becoming increasingly popular, according to industry estimates. Because of technological advancements in Bluetooth and Wi-Fi connectivity, mPOS adoption has been extremely successful all over the world including India. Bangalore-based startup Ezetap is a major mPOS solution provider in India. Here is more about Ezetap, the startup’s journey, and its functions.
As of February 2018, Ezetap announced the launch of EzeSmart, a smart GPRS gateway with Aadhaar payment and eKYC that is fully accessible.
EzeSmart, which is based on Ezetap’s global payment acceptance platform, is the first POS terminal in the country that can take all types of payments, including UPI, Bharat QR, and Aadhaar Pay. It can also take payments from a variety of mobile wallets as well as credit and debit cards. It’s a smartphone-integrated terminal that lets companies run any of their system apps on it.
The company stated to the press that EzeSmart is tailored to support the strategic and technical needs of various industrial sectors, including govt., by allowing a person with an Aadhaar-linked bank account to transact conveniently by simply touching their finger on the device’s fingerprint reader. This allows microfinance companies who deploy this terminal to provide services to rural consumers and accept payments online.
What is Ezetap?
Ezetap is one of the first companies that came up with digital payment solutions in India. The company’s first product launched in 2013, was an mPOS card reader that could be connected to a smartphone via the audio jack. Currently, Ezetap has a variety of digital payment solutions that let businesses accept digital payment seamlessly. Ezetap offers tailor-made payment solutions for different sectors like small and large retail shops, eCommerce and logistics companies, and government organizations.
From businesses to cab drivers to supermarkets and pizza delivery drivers, the technology allows anyone to accept cards. Online retailers, insurance companies, restaurants, and hotels are among the clients of the company.
Ezetap started with a single payment offering and pivoted to a SaaS model in 2020. Ezetap’s payment solutions come with many attractive features like multibank acquiring and auto-reconciliation and offer a variety of value-added services that businesses can opt for.
Ezetap – Name, Logo, and Tagline
Ezetap has made making and receiving payments as easy as a tap. That’s where the company name is derived from.
Ezetap’s Company Logo
Ezetap’s tagline is, “Transforming the world of payments”.
Ezetap – Founders and History
Ezetap was founded in 2011 by Abhijit Bose and Bhaktha Keshavachar. Both the founders had previous expertise in payments and hardware firms, and they merged their talents, skills, and knowledge to create this solution.
Abhijit Bose who served as the CEO of Ezetap exited the company in 2018, after which the then CFO of Ezetap, Byas Nambisan took over as the CEO.Presently Byas Nambisan is the CEO of Ezetap.
In 2019 Bhaktha Keshavacharalso exited Ezetap to start his own deep tech startup, Chara Technologies.
Founders of Ezetap – Abhijit Bose and Bhaktha Keshavachar
At the start of the decade, Internet connectivity and smartphones were becoming commonplace in India, and e-commerce companies were gradually gaining popularity. Ezetap founders Abhijit Bose and Bhaktha Keshavachar spotted an opportunity to make payments more widely accepted in India. Ezetap became one of the first startups to try to convert Cash on delivery shipments to electronic payments, which was one of the earliest application cases for Ezetap in the year 2013.
“We built an EMV-compliant payment device that could take payments in conjunction with a commercially available smartphone and a card reader designed and assembled in India. We also created a payments SDK that would work behind a company app, hiding the complexity and compliance rigmarole of payments behind the ‘pay’ button,” Bhaktha Chaterjee, Head of Products at Ezetap.
The company chose to stop producing its own gadgets in India in 2018 and instead started sourcing them from overseas manufacturers. The Ezetap team is highly focused on improvising its services, and there are even instances where Ezetap team members accompanied e-commerce delivery agents to the doorsteps of end-users to collect feedback on the payment experience.
Ezetap – Mission and Vision
Ezetap’s mission is to empower businesses to receive payment seamlessly via any mode of payment.
Ezetap’s mission statement says, “Our Mission is to be the single platform through which businesses complete any financial transaction with their customers, supporting every instrument and method that those customers want to use”
Ezetap’s Universal payments banking partners are Citibank, HDFC Bank, American Express, Axis Bank, ICICI Bank, Mashreq Bank, RBL Bank, State Bank of India, and Yes Bank. The State Bank of India also partnered with Ezetap as its MPOS partner, with the goal of expanding electronic payments and micro-ATM to every corner of the country. However, this SBI-Ezetap partnership came to an early end. Recently Ezetap partnered with Axis Bank for Launching the My Vyapaar app, an app dedicated to retail businesses. The app comes with many features like attractive buy now pay later options and encourages digital payment by offering exciting rewards.
Ezetap – Business Model
Ezetap pivoted to a Software-as-a-Service business model, allowing retailers to accept transactions online via physical cards, internet payments, and mobile wallets with a single click via UPI, at a time when PoS firms make money from transaction fees.
The startup has altered the payment procedures of brick-and-mortar merchants, e-commerce players, enterprises, government agencies, and financial inclusion institutions using a Software-as-a-Service payments system.
Ezetap – Revenue and Growth
Ezetap’s operating revenue increased by 3% to Rs 45.06 crore in 2017-18, up from Rs 43.77 crore the previous year. According to the papers, the net loss increased to Rs 40.47 crore from Rs 30.71 crore during the period. From Rs 78.69 crore to Rs 92.17 crore, the company’s expenses climbed by 17%.
During the time, employee benefit expenses, such as provident fund, gratuity, and compensated absences, increased by 14% to Rs 33.33 crore from Rs 29.01 crore.
For the fiscal year 2017-18, total revenue was Rs 51.70 crore, up 7.77 percent from Rs 47.97 crore in 2016-17.
As per some reports, Ezetap’s valuation on June 2021 is $126 Million.
FortunePay offers comprehensive end-to-end electronic payment platforms and services to acquiring banks and merchants.
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Ezetap – Competitors
The top competitors in Ezetap’s competitive set are Mswipe, Innoviti, Mosambee, Pine Labs, Payswiff, ePaisa, Bijlipay, MobiSwipe, Yoyo Wallet, Obopay, STC Pay, and PayRange.
Ezetap – Challenges Faced
According to Ezetap CEO Byas Nambisan, the traditional challenge was that payments have the friction of MDR charge that requires a specific device and adoption of some software technology. And the company has been at forefront of it, for example driving down the cost of the device. When the company first got into this business, there wasn’t any device available for less than 70 USD. Ezetap was the first to get it below the 50 USD point, which was 3000 INR at that point in time. Now it’s for 800-1000 INR and less, for the device.
There were many merchants who weren’t that ready for the deployment of this mode of payment which also served as a challenge for them. But now, as everything is turning into a digital platform, whether they like it or not, merchants have started deploying the usage of digital payment solutions in their businesses to access their customers from all over the world.
Ezetap’s Universal Payments platform is unusual in that it allows businesses to accept any type of payment, anywhere, on any device, with any banking partner of the consumer’s preference. Customers will have a seamless payment experience thanks to a single integration into an organization’s current infrastructure.
While many large firms, well-known eCommerce, insurance, and mobile companies, have adopted Ezetap and adopted its integrated solution, the company sees great opportunity in developing small and medium enterprises.
Ezetap – FAQs
What does Ezetap do?
Digital payment solutions are developed by Ezetap Mobile Solutions. Ezetap offers a variety of options like POS, mPOS, UPI, and SMS pay options, kiosks with payment modules, etc.
When was Ezetap founded?
Ezetap, a Bengaluru-based startup, was founded in 2011 by Abhijit Bose and Bhaktha Keshavachar.
How does Ezetap make money?
Ezetap is a SaaS company and earns money from subscription fees.
Which companies do Ezetap compete with?
The top competitors in Ezetap’s competitive set are Mswipe, Innoviti, Mosambee, Pine Labs, Payswiff, ePaisa, Bijlipay, MobiSwipe, Yoyo Wallet, Obopay, STC Pay, and PayRange.
Bangalore has gradually evolved from being the Garden City to the Silicon Valley of India. Being the centre of the country’s high-tech industry, it is on the verge of development. Coworking Spaces/Shared Office spaces are something that evolved with the need of the hour. It is an arrangement of sharing office spaces more productively and rationally. It not only saves costs but also provides convenience in terms of infrastructure and additional amenities. Find the list of top Coworking Spaces in Bangalore along with their pricing plans and additional facilities. The shared office space in Bangalore can have a significant impact on your business.
The city of Bangalore is widespread in varied coworking spaces with various facilities and work cultures. An attempt is made here to explore some of the coworking spaces in the city with a touch of detail and an overview of the same.
Top 30 Coworking Office Spaces / Shared Office Spaces in Bangalore
WeWork offices have a universal atmosphere. It is one of the best coworking spaces from the list of best coworking spaces in Bangalore. Whether you’re an established enterprise or a premature startup, your office space will drive your business forward. The choice of the right office space is essentially based on the requirements and cost of the concern. WeWork offers varied office spaces for rent to shared workspace in a communal atmosphere. It provides private offices, office suites, desks, meetings and discussion rooms and also sets up a headquarters. Some of the enterprise members include Spotify, HSBC, Pinterest, Deloitte.
WeWork – Pricing
The price structure of WeWork ranges invariably depending on the location, business requirements and the number of people. It can range from Rs. 5000 – Rs. 25000/month. For an in-depth view of pricing packages, their official site can be visited.
WeWork – Features
High-speed internet facility.
Full-fledged kitchen.
Security and Maintenance.
Streamlined billing process.
Events & conferences.
On-site support.
Flexible membership agreements.
Members’ network.
And many more. There are also add on facilities based on the location.
WeWork is spread across various locations in Bangalore, which includes – Bellandur, Koramangala, Marathahalli, Bannerghatta, Hebbal, Embassy golf links, Old Madras Road, etc.
BHIVE Workspace
BHIVE Coworking space in Bangalore
BHIVE Workspace is one of the top coworking spaces in Bangalore and it offers options not only for coworking but also helps in setting up one’s own office. It is spread across hundreds of thousands of square feet of commercial space which are offered in varied forms of office space such as customized furnished office, single desk, coworking space and a bare shell building. The main feature that sets it apart from various other coworking spaces is that it is budget-friendly i.e. one can enjoy the amenities and services of BHIVE based on their budget without much of a hitch. It positions itself as a zero brokerage office leasing platform.
BHIVE – Pricing
Facility
Range (In Rs.)
Shared Desk
5000 – 10000/month
Day pass
350 – 700/day
Meeting rooms
400 – 2000/hour
Coworking
4000 – 10000/Seat/Month
Furnished and customized office spaces
Based on sq. ft.
The prices are subject to vary based on the locations, amenities and taxation. To get a better quotation, it is worthwhile to contact the coworking office and get more information on the same.
BHIVE – Features
High-speed internet facility & WiFi-enabled premises.
Food & Beverages.
Security and Maintenance.
Meeting & conference rooms.
Full-fledged kitchen.
And many more. There are some special benefits for BHIVE members as well.
BHIVE is operational in various commerciallocations in Bangalore such as HSR Layout, Koramangala, Indiranagar, Residency Road, MG Road, etc.
Bangalore being a thriving market of entrepreneurial activity, the coworking spaces of 91SpringBoard are designed as fully furnished shared office space, where you can develop a network with people from varied backgrounds and experiences. It is the best coworking space in Bangalore and also conducts various events that help members in building networks. It not only provides coworking spaces, but also HR, Design and Accounting services, legal advice, digital marketing advice, etc.
It is expanded to various locationsacross Bangalore including Koramangala, MG Road, Indiranagar, etc.
91SpringBoard – Pricing
The pricing differs based on the location and services required. The prices may vary from Rs. 500/day – Rs. 12300/month. Detailed information can be obtained from their official site and contacted accordingly.
Bangalore Alpha labs are dynamic. The ambience of the space boosts up an air of inspiration in the minds of people. It aims to create a vibrant community of entrepreneurs, freelancers and startups. Their startup packages aim to help with branding and building the company. Privacy being the main concern of many, it also has amenities for private office cabins and conference rooms that can be rented on an hourly basis. The chances to work and collaborate with many others is high. These labs are located near Koramangala and JP Nagar in Bangalore.
Bangalore Alpha Lab – Pricing
Plans
Price
Private office
Rs. 20,000/month
Guest Access
Rs. 1000/month (5days)
Virtual membership
Rs. 1000/month
Full membership
Rs. 4000/month
Hot Desk / Open plan
Rs. 250/day
The prices are subject to changes based on location and any external or internal factors.
Bangalore Alpha Lab – Features
High-speed internet facility.
Flexible seating.
Security and Maintenance.
Mail handling.
Lounge/Chill-out area.
Refreshments & storage facility.
Various Membership benefits.
Bangalore Coworking Hub
This coworking space in Bangalore provides varied amenities that cater to the needs of its clients. It aims in providing collaboration and networking platforms to its diverse clients which would include consultants, freelancers, startups, and emerging businesses. The striking balance between work and freedom to explore new ideas is achieved by this coworking space. It is located near HAL in Bangalore.
Bangalore Coworking Hub – Pricing
Plans
Price
Night membership
Based on availability
Part time/6-weekdays
Rs. 1500/month
Conference rooms
Usage basis
Full membership/monthly pass
Rs. 3800/month
These prices may vary based on availability and usage basis. Some services may differ based on the type of membership availed.
Bangalore Coworking Hub – Features
High-speed internet facility.
Employee parking space.
Security and Maintenance.
Mail handling.
Pantry facilities.
Workstation furniture.
Virtual office space.
Coworks
Coworks – Coworking space in Bangalore
Coworks provides a completely customizable office space that suits the clients’ needs. One can access diverse facilities from private studios, flexible desks to custom-built office spaces. To seek an office address in the heart of the city with access to business hubs, airports, their six centres are strategically located across the city which includes Indiranagar, Yehlanka, Eco World, Koramangala, Residency Road and Whitefield.
Coworks – Pricing
Coworks charge a flat fee based on features that allow you to budget and scale. No per member pricing. No complicated wifi or hardware contracts. No hidden fees. Just pay for the tools you need.
Innov8 offers exquisite and beautifully crafted workspaces, where any individual or a team can connect to many, collaborate, and create an extensive community. It hosts people from diverse backgrounds such as entrepreneurs, freelancers, employees and startups enthusiasts.
Innov8 is located in Koramangala which is a centre for many budding startup enthusiasts, young minds and an extensive network of relaxing zones nearby.
Innov8 – Pricing
Requirement
Starting price/person
Fixed Desk
Rs. 10499/month
Meeting room
Rs. 800/hour
Hot desk
Rs. 5999/month
Private cabin
Rs. 16599/month
Multi-utility space
Rs. 2000/hour
Flexi pass
Rs. 3999/month
Innov8 – Features
Meeting rooms.
Recreational zone.
Lounge area.
Cafe.
Pleasing ambience.
Community events.
Social Offline
This is another Best Coworking space in Bangalore. It is termed as a perfect blend of office and cafe. It combines play and works together. When you’re bored or just want a chilling and relaxing time, you can head towards the gaming area which is equipped with Playstations and many more. In addition to that, there are meeting rooms, high-speed internet, vast open play-work area with comfort enabled couches and chairs. This place also has an exquisite bar that offers a variety of delicacies and beverages.
This is a perfect place for anyone who wants to socialize and collaborate. It is located near Church Street in Bangalore.
Socila Offline – Pricing
Membership fees are around Rs. 5000/month/person. Details regarding private office and meeting rooms can be directly enquired based on availability and usage.
Awfis has become an integral part of the exciting journey of developing an innovative atmosphere for entrepreneurs by providing affordable and collaborative workspaces. They believe in the concept that startups need much more than just spaces, thereby innovating the concept of ‘Pro working’, which focuses on People, Proximity and Performance. They enable one to make just-in-time bookings for meeting rooms and work desks. One can enjoy a flexible and convenient work environment.
It is spread across various locations in the city, thereby providing the scope of doing business from a wide choice of prime locations in the city. It includes Indiranagar, Whitefield, MG Road, Outer Ring Road, Hosur, Adugodi, Residency Road and St. Marks Road.
Workshaala is like startup offices in Bangalore. It is a great place to experience productive workspaces with quality infrastructure and flexible office plans. It is committed to providing vibrant working spaces where ideas are born, nurtured, and transformed into a growing business. The core values that Workshaala abides by are quality of services, flexibility and ease of customized options and transparency in its working.
Workshaala – Pricing
The price ranges from Rs. 400/day – Rs. 18000/month based on the location and requirements.
It is spread across various locationsin Bangalore. This includes – Banaswadi, Koramangala, HSR NR Tower, HSR Sector 4 and Sector 3.
iKeva
iKeva offers a diverse community that offers benefits to businesses and entrepreneurs. It has been significant in establishing the concept of serviced offices and coworking places. They offer private cabins, meeting rooms, coworking spaces and virtual offices. It is located near Marathahalli and MG Road in Bangalore.
iKeva – Coworking space in Bangalore
iKeva – Pricing
The pricing varies from Rs.2500/month – Rs.9000/month based on services required.
iKeva – Features
Wi-fi access.
Power backup.
IT support.
Plug and play office space solutions.
Regus
Regus office space has a range of benefits that are designed to enable a business to flourish. The Regus community events, office suites along exclusive discounts from top brands in the Regus Marketplace is something that can be taken advantage of. You can also get access to a communal kitchen and chill-out zones. These offices are situated in the prime locations of the city which includes areas near Hosur Road, UB City, World trade centre, Embassy golf links business park, Brigade Road, and many more to cover.
Regus – Pricing
The pricesare based on location and the type of space needed like coworking, office space, virtual office, meeting room, membership, etc.
Kafnu is designed to encourage community interaction with an event area that holds private networking events, workshops, sessions with the speaker, etc. There are meeting areas with industrial and biophilic design, a morsel that is inspired by regional cuisines and a private office for personal and secure business conduct with sound insulations. All in all, it has a pleasing ambience that sparks enthusiasm and creativity. It is locatednear the Residency Road in Bangalore.
Kafnu – Pricing
The pricing varies depending on the desk and office that you want to choose, the number of people and time duration.
Kafnu – Features
Community network & events.
Flexible dining options.
Tech support.
Opportunity to host corporate meets and events.
Pleasant atmosphere.
Evoma
Evoma provides a combination of business incubation and collaborative office spaces. The atmosphere of this place suits the business doings. It offers video conference suites, a coffee cum bar shop, a restaurant, a collaborative workspace, and a health club that is sophisticatedly structured.
Evoma – Office for rent in Bangalore
Evoma – Pricing
The prices vary from Rs. 1500 – Rs. 4000/month based on need and requirement. It is located in four major areas in Bangalore i.e. Marathahalli, KR Puram, EPIP Zone Whitefield and Borewell Road Whitefield.
Investopad believes in allowing emerging leaders and entrepreneurs to develop their skills and access to business opportunities. Workspaces designed by Investopad caters for collaboration and offers a congenial work environment. It is the most flexible and stable place that one can experience in the city. It is located in the prime location of the city i.e. Koramangala.
Investopad – Pricing
Plan
Suitability
Price Range
Flexible
Suits small teams (Basically find an empty desk and start working)
Rs. 6000 for 30 days
Dedicated
Perfect for large teams (Permanent seats)
Rs. 8000 for 30 days
Commuter
Suited for individuals, freelancers, and digital nomads
Commune Coworks, is the place where you can draw designs, take calls, have brainstorming sessions with the support of tech and projectors. Commune accepts workers of varied genres, it has a well-designed dedicated space for conducting workshops, a shaded terrace, and a studio that helps stimulate a person’s mind by inducing productivity and creativity. All in one it has a pleasant working environment. Commune is located in the startup zone of the city i.e. Koramangala.
Commune Coworks – Pricing
Plan
Price
Individual hot desks
Rs. 7999/month
Dedicated desks
Rs. 11999/month
Private cabin
Rs. 12999/month
Day pass
Rs. 500/day
Commune Coworks – Features
Fully Equipped kitchen.
High-speed internet.
Training room.
Event spaces.
Security and maintenance.
Community membership.
Personalized lockers.
NUMA Bangalore
NUMA is an all in one package for any budding entrepreneur. It not only provides dedicated office spaces, meeting rooms, conference rooms, event spaces, private cabins but also spreads its services to startup acceleration and innovation.
Startup Huts understands the need for dynamism and thus provides two options within the coworking space. You can either choose a flexible space where you can share your space with others as well or you can go for a dedicated coworking space, which will exclusively be for you and your team. It offers a satisfied and full package to the budding entrepreneurs i.e. from registration of the company to mentoring and tech support. The conference rooms, lounges, dedicated cabin space, cabin walls, and desks are strategically placed to provide an effective and productive work environment. All in all, it provides a perfect ecosystem to work in collaboration.
It is locatednear Residency Road and HSR Layout in Bangalore.
Cowork Cafe is associated with providing the most relevant and valuable services to its members. If you are a person who likes working in a peaceful and calm environment, then this place would suit you the most. The inspiring and ready to use workspaces has everything that you need to grow your venture. These workspaces are deemed to be fun workspaces that are your home away from home. They not only provide a collaborative workspace but are also into Incubation (Help with IT, HR, Accounting, Operations, Sales & Marketing needs). It islocated near Sarjapur Road in Bangalore.
Cowork Cafe – Pricing
The price for a Resident Coworker is Rs. 5000/month and for Guest Coworker is Rs. 300/day.
Cowork Cafe – Features
Lockers and storage space.
Laptops on rentals.
3G/4G dongles on rental.
Meeting rooms.
Pantry.
Power Backup.
Smartworks
Smartworks are aware of the present workforce demands and their requirements for an office atmosphere, thus they are equipped with the latest technology to provide a hassle-free environment to its clients. The infrastructure and the design of Smartworks offices infuse productivity and a better work-life balance. Gaming and chill-out zones are also set up to calm one’s mind off the loaded work and have a peaceful time with oneself along with the like-minded people around. It is located near the Outer Ring Road, Miller Road, and Ashok Nagar in the city.
Smartworks – Pricing
The prices are personalized based on the customization and services availed. It is available on request.
Jaaga is India’s oldest coworking community. It has an open and green space, so if you hate Cramped spaces, then this might be the perfect place for you. It has a collaborative community of freelancers & entrepreneurs. It is located near Malleshwaram, Bangalore.
Jagga – Pricing
The prices vary from Rs. 250/day to Rs. 20000/month. They provide Gold, Silver, and Friend membership.
Stack-based collaboration and community engagement.
Internal mock pitch sessions.
Workflo by OYO
Workflo is a fantastic workspace powered by OYO. It exudes young and positive vibes to aid you to build a company that you dream of. Workflo offers shared working spaces that are tuned to meet the day-to-day business requirements. It is designed with dedicated desks along with a private workstation or private cabin. Furthermore, Workflo also offers facilities of meeting rooms, conference rooms that are available for rent. The model from Workflo that supports your business, trendy designs, smart and viable leasing options, and affordable prices make it a primary choice for the brands and businesses of today.
Workflo by OYO – Coworking space in Bangalore
Workflo has two offices in Bangalore – Umiya Emporium, Koramangala and KR Puram, ORR.
Workflo by OYO – Pricing
Workflo by OYO is smartly priced to suit your business needs. Besides, with the Early bird offer via the latest Flexi all pass, you can opt for any centres across India at just Rs. 2999/month and Rs. 7999 for 3 months.
Workflo by OYO – Features
Centralized AC.
High-speed internet.
24×7 tea and coffee.
Meeting rooms.
Dedicated cafeteria.
Easy accessibility to printers and copiers.
Convenient car parking facilities.
Along with Bangalore, OYO’s coworking spaces are also available in multiple locations including mega-corporate hubs like Hyderabad, Gurgaon, Chennai and Pune.
Novel Office
Get what you need for your office to grow amidst the bustle of Bangalore. Novel Office is distinguished as one of the most popular office space providers in the city. It offers a diverse range of office spaces that starts from 100 sq. ft. to 10,000 sq. ft. for offices of all sizes. Therefore, with the Novel Office, you can get the kind of space that is most suited for your business. Furthermore, it also allows you to rent smart coworking spaces and business centres if you need not rent office space.
Novel offices are located at multiple locations in and around Bangalore that includes Bellandur market, Electronic City market, HSR layout market, Indiranagar market, J.P Nagar market, Jayanagar market, Koramangala market, and Whitefield market.
Novel Office – Pricing
Novel office offers desks that start from Rs. 9000/month. You can also opt for a diverse range of spaces available for hire. The rate for booking meeting rooms starts from Rs. 3500/day. For more information regarding booking and the availability of spaces, check out their official website.
Novel Office – Features
Ready to use spaces for starting immediately.
Fully furnished workspaces.
Corporate ambience.
Flexible spaces.
Cost-effective.
24×7 working environment.
Quest Offices
Quest offices are among the most reliable workspaces and office service providers operating across the country. The growing world of business demands workspaces that are tailored to their needs, and Quest offices are equipped to fulfil their changing needs and boost their businesses. Whether one needs a coworking space, business centre, meeting rooms, or infrastructure that supports virtual offices, Quest offices are the only destination to help you get them all. It is one of the best choices for large and small businesses, individuals, entrepreneurs, and remote teams.
Quest offices is located at Raheja Towers at Mahatma Gandhi Road along with numerous other offices across the country.
Quest Offices – Pricing
Requirement
Price
Office Desk
Rs. 9000/month, Rs. 100/hour & Rs. 500/day
Private Cabins
Rs. 30000/month
Meeting Rooms
Rs. 1000/hour & Rs. 6500/day
Training Rooms
Rs. 3000/hour & Rs. 20000/day
For more information regarding Quest Offices and their package, check out their official website.
Quest Offices – Features
World-class infrastructure.
Fast and powerful internet connectivity.
Smart payment options.
Multiple offices at different locations.
Well-knit with the city.
Integrated cafeteria.
Funzone.
15+ years of experience.
Spacelance
Looking for coworking spaces and offices in Bangalore? Then, don’t worry because Spacelance Office Solutions brings the best spaces for hire that will let a company get the optimum facilities. Whether one needs a coworking space or plans to set up a virtual office, require meeting rooms, conference rooms, or other workspaces to empower varying business needs, Spacelance is the ultimate destination. Furthermore, Spacelance Office Solutions also offers virtual addresses, equipped with virtual landline numbers, numbers for faxing, live receptionist support with little investment.
Spacelance boasts of multiple offices in and around the country among which the offices at HSR Layout and Indiranagar are famous in Bangalore.
Spacelance – Pricing
Packages
Price
Basic Package
Rs. 1300/month & Rs. 13000 annually
Standard Package
Rs. 1500/month & Rs. 15000 annually
Ultimate Package
Rs. 2000/month & Rs. 20000 annually
In case you are curious to know more about Spacelance, its facilities and the prices in detail, then it’s best to dive into their website.
Spacelance – Features
Professional business address.
Excellent facilities for handling and forwarding mails.
Local landline number.
Live receptionist.
Fast and hassle-free company registration.
Access to meeting rooms.
Workafella
Workafella offers unique and amazing workspaces and coworking units in different cities around the country and is lauded for each of its spaces. The Bangalore city office of Workafella is located at Infantry Road. This Workafella office offers office terrace gardens, cafeterias, and excellent office spaces to work without at one’s own pace. Starting a day full of caffeine, stopping at the social hub for a quick conversation, and working at peace are some of the unique activities you can repeat days on end at Workafella.
Workafella – Pricing
Workafella offers offices and coworking spaces at affordable prices that suit the diverse business needs of today. Though the price mostly varies on the centres and their locations, it generally ranges from Rs. 550/day/person to Rs. 10000 -Rs.13000/month/seat.
Workafella – Features
Smart and flexible plans for all offices.
All-inclusive pricing packages.
A variety of office spaces to choose from.
24×7 accessibility and air conditioning facilities.
Security around the clock.
Complimentary meeting rooms and other amenities.
Easyoffices
Easyoffices is a brand reputed for its coworking and office spaces in multiple locations that include Bangalore, Chennai, Mumbai, Kolkata, Hyderabad, Pune, Gurgaon and more, around the country. With easy-to-use offices equipped with smart facilities and flexible payment options for all kinds of businesses, Easyoffices is the first choice regardless of the size and nature of businesses.
Easyoffices offers a range of smart workspaces in Bangalore at multiple locations including Dickenson Road, Whitefield, Bommanahalli, Domlur, Jayanagar, Malleshwaram, Nagawara, etc.
Easyoffices – Pricing
The pricing of EasyOffices varies depending on the location and business needs. The price card offers rates that start from Rs. 7500/month to Rs. 18500/month. For more information, you can check out their official website.
Easyoffices – Features
Fully furnished workspaces.
Flexible office spaces that are tailor-made for businesses.
24×7 availability of rooms.
Flexible hiring options.
Excellent business lounges and areas for collaborations.
Manned receptions to be accessed around the clock.
Availability of cabins and conference rooms for varying requirements.
CorporatEdge
CorporatEdge is one of the leading office service providers that offers smart and well-equipped office spaces that are suited for the changing office needs of today. CorporatEdge is distinguished for premium office spaces at convenient locations in and around Bangalore and multiple locations across the country. Along with providing the brands and businesses with smart workspaces, CorporatEdge also strives to provide them with immensely elegant spaces that add to their brand value. CorporatEdge enjoys 5 centres that are in operation in 5 different locations, 3 different cities, and PAN India locations and boasts of an ever-growing clientele.
CorporatEdge – Coworking space in Bangalore
CorporatEdge offers a range of options to choose from when it comes to opting for service offices, meeting rooms, virtual offices, and more. The main office of CorporatEdge is located at ITC Green in Bangalore.
CorporatEdge – Pricing
Requirement
Starting Price
Desk Booking
Rs. 12000/month
Private Cabins
Rs. 28000/month
Meeting Rooms
Rs. 4000/day
You just need to choose the duration and the capacity you would need for your business. However, it is always wise to check out their official website for more information and pricing details.
CorporatEdge – Features
High-speed internet to transfer data without hassles.
Convenient cafeteria and kitchen area.
Prime locations around the country.
Transparent pricing and packages.
Smartphone booths at multiple places.
Secured offices that enable keyless entries.
24×7 access to photocopying and printing machines.
24×7 building access.
Attached lounge for guests.
Cowrks
Cowrks is known for vibrant office spaces that are set up at strategic locations for ease of communication. It believes in building offices that are elegant and elevate the status of the businesses operating from them. Besides, it also ensures that the employees and other business professionals feel at home even while working. Furthermore, Cowrks also boasts state-of-the-art technology to improve the user experience along with the 5-star hospitality that it extends.
The coworking spaces from Cowrks would gear up businesses and boost their productivity and collaboration. Regardless of whether you are looking for an office space for a day or continue working for years on end, Cowrks has got you covered. Yelahanka, New Indiranagar, Ecoworld, Koramangala, Whitefield and Residency Road are some of the office locations of Cowrks in Bengaluru. The other states where Cowrks have their offices include Delhi, Chennai, Mumbai and Hyderabad.
Cowrks – Pricing
CoWrks charges a membership fee that depends on the number of desks and the total duration that you would be needing them for. Also, the prices are based on the location of your business and the facilities. A desk can cost anywhere between Rs. 3000 to Rs.10000/month. For more detailed information and pricing packages, you can check out their website.
Cowrks – Features
Fully furnished shared offices of varying sizes and amenities.
24×7 entry inside the office rooms between Monday to Saturday.
Flexible charges for a diverse range of options for payments.
Fast internet connectivity around the clock.
Special lounge and lounge plus packages.
A wide range of contracts.
IndiQube
One of the leading working space providers operating in India, IndiQube aims to bring the best workspaces to meet the demands of the new-age businesses. Whether it is for an enterprise or a startup, offshore centres or solopreneurs IndiQube strives to provide the best experience for each brand. Along with smart buildings that are powered by the latest technologies to boost the working experience, IndiQube also boasts various employee engagement programs.
IndiQube – Coworking space in Bangalore
IndiQube – Pricing
Requirement
Starting Price
Office Desk
Rs. 6499/month
Private Cabin
Rs. 42500/month
Event Spaces
Rs. 15000/day & above
However, prices may widely differ according to the size and function of workspaces. For more details, you can simply check out the official website of IndiQube.
IndiQube – Features
Smart digital workspaces are equipped with everything that a business needs.
This was our list of Coworking Spaces in Bangalore. If you are one among them, then connect with us at shubham@startuptalky.com to get featured in the list.
FAQs
What is a coworking space?
A coworking space is an office or a building where individuals or a group of individuals can come to work on their personal or professional projects. Individuals pay to the company which is providing the space.
Why do we need a coworking space?
Coworking space could be needed for the following reasons:
It provides small businesses or startups with a work space to get their work done.
It allows you to find potential business partners or investors in these places to build the business.
It is fairly cheaper for startups with a small team than a proper office space.
It provides amenities like foosball tables, billiards, gaming consoles, cafeterias, wifi-enabaled premises, etc. on one platform.
It provides a multitude of leasing plans like pay on a monthly basis, daily basis, or on an hourly basis.
Which are the best coworking spaces in Bangalore?
Here’s the list of the best coworking spaces in Bangalore.
