Tag: coworking india

Awfis: Changing the Working Culture of India

Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations.

The coworking industry in India is at its peak and is set to become a mainstream segment. By the end of 2024, there are expected to be around 41,975 coworking spaces worldwide. Coworking is an innovative way of working, where different companies share the same space and collaborate.

Founded by Amit Ramani in 2015, Awfis Space Solutions offers coworking and shared office spaces for rent, along with affordable facilities. The company also launched ‘Awfis@Home’, starting at a monthly subscription fee of INR 2,500. This initiative provided physical and IT infrastructure for remote work, giving a significant boost to Awfis’ market presence.

In this article, learn more about Awfis, its founder, business model, IPO, funding, revenue, growth, and more.

Awfis – Company Details

Company Name	Awfis Space Solutions Ltd.
Headquarter	New Delhi
Founders	Mr Amit Ramani
Sector	Co-working space/ Commercial Real Estate
Founded	2015
Website	awfis.com

About Awfis
Awfis – Industry
Awfis – Startup Story | How was Awfis Started?
Awfis – Founders and Team
Awfis – Shareholding
Awfis – Name, Tagline and Logo
Awfis – Business Model
Awfis – Revenue Model
Awfis – User Acquisition
Awfis – Funding and Investors
Awfis – Growth / Revenue
Awfis – Partnership and Tie-Ups
Awfis – IPO
Awfis – Controversy
Awfis – Future Plan

About Awfis

Awfis (Awfis Space Solutions Private Limited) has been able to build a niche for itself within the ever-evolving coworking segment, largely owing to its unceasing commitment to providing high-grade workspaces and amenities at an affordable cost. It understands India’s market and its key challenges from a commercial real estate perspective. The company has been able to successfully cater to the client base by providing them with an integrated workspace solution and a hassle-free experience. Awfis also offers a Virtual Office solution that helps you create a professional image for your business without booking an actual physical space. Besides, Awfis Mobility Solutions, lets one work from anywhere.

“We see ourselves as our client’s partners, not mere service providers. We have built a best-in-class mobile app that helps book workspaces & meeting rooms on ‘Just-in-time’ basis. We also have a range of ‘Mobility Solution’ products for today’s work-on-the-go population along with our newly launched product ‘Awfis Enterprise Solutions’ that caters to SMEs and mid & large sized corporates helping them set up their head offices & satellite offices with us” Amit Ramani says explaining Awfis’ products

The core belief of Awfis Space Solutions is to bridge the existing Commercial Real Estate (CRE) gap in India by transforming commercial assets into Grade A workspaces and making them accessible at affordable prices. The aim is to provide a commercially viable solution to the workforce of India owing to the highly price-sensitive and extremely rational Indian consumer. The company strongly believes that with their unique bouquet of products and services, they have been able to provide a feasible solution to Indian businesses, thereby creating an enriching work experience.

Awfis – Industry

India’s coworking industry is growing fast, with the market expected to reach $2.84 billion by 2030. This growth is driven by several factors, including changing work landscape, cost-effective, collaborative environment, and scalability.

The coworking space market in India has grown to over 13 million square feet and is still expanding. It’s growing not only in big cities like Delhi-NCR, Mumbai, Bangalore, and Chennai but also in smaller tier 2 and tier 3 cities.

Awfis – Startup Story | How was Awfis Started?

Coworking as a segment has been prevalent in the US for the last 10-15 years where the founder, Amit Ramani, had prior professional experience.

The idea to launch Awfis and re-conceptualize the co-working segment in India struck him when he witnessed the status of the majority of the commercial spaces here. Extremely disorganized, a complete lack of transparency, and the absence of a conducive environment for employees to work in, it led him to believe that co-working was the perfect solution for India’s market and to pave the way forward for a highly flexible workforce of our country.

Awfis – Founders and Team

Amit Ramani is the founder and CEO of Awfis.

Amit Ramani - Founder & CEO, Awfis — Amit Ramani – Founder & CEO, Awfis

Amit has been a serial entrepreneur with 18 years of experience with a focus on building sustainable businesses that solve real-world problems. Before Awfis, he served as the Founder and Managing Director of NELSON Asia, a company focused on providing design & build solutions to global & Indian multinationals. Amit’s extensive experience in strategic planning, design management, and workplace & business process improvement has allowed him to work in different leadership positions as well as a speaker and guest author for reputed platforms.

Mr. Amit Ramani is a member of the Young President’s Organization (YPO) Delhi Chapter which is a group of top 200 business leaders and owners in the community.
He has been an active member of the International Facilities Management Association CoreNet for eight years and serves on the board for the latter’s Charlotte Chapter.
His work has been published in the Journal of Corporate Real Estate and he has been a frequent speaker at industry forums such as CoreNet Global Summit on topics ranging from real estate strategy to developing effective work environments.
He is also an active member of RICS and NASSCOM.
His contribution to the field of real estate and facility planning has made him the recipient of the prestigious IFMA Foundation award three years in a row.
He has also been a guest lecturer at Cornell University, New York University, and Texas A&M.

Awfis – Shareholding

Here is the shareholding pattern of Awfis as of May 2024:

Shareholding	Percentage
Peak XV Partners	22.9%
Chrys Capita (Bisque Ltd)	23.5%
Amit Ramani	18.2%
QRG Investments	9.6%
VBAP Holdings	9.4%
Ashish Kacholia	5%
Others	11.2%
Link Investment Trust	0.4%

Awfis Shareholding Pattern as of May 2024

Awfis – Name, Tagline, and Logo

Awfis Logo

Awfis’ name comes from the way ‘office’ is pronounced.

Awfis – Business Model

Awfis operates under two leasing business models: Managed Aggregation and Straight Lease and Design & Build Model.

Managed Aggregation Model: This is asset-light and risk-averse. In this approach, Awfis partners with landlords or developers who typically cover part or all of the fit-out capital expenditure.
Straight Lease Model: Awfis leases space from developers or property owners under traditional terms, including a fixed monthly rental, common area maintenance charges, security deposits, minimum lock-in periods, lease tenure, and escalations. In this model, Awfis fully funds the capital expenditure for fitting out the property.
Design & Build Model: Awfis collaborates with clients to create designs tailored to their business needs. Additionally, Awfis offers Mobility solutions, which include day passes, meeting rooms, and virtual offices, ideal for freelancers and new entrepreneurs or startups.

Awfis – Revenue Model

The company primarily deploys two models i.e. the Straight Lease Model and the Managed Aggregation Model (MAM). Among the two, MAM has been able to give them an edge due to its unique proposition wherein Awfis partners with space owners of underutilized commercial spaces and strikes a ‘no minimum guarantees’ deal – where the space owner makes the investment on fit-out infrastructure and builds out a center. The profits from the center are shared with a higher percentage going to the space owner.

Capital efficiency is an advantage of MAM, which enables to multiply our growing capacity by almost 4-5 times. Currently, 60% seats are under MAM and we intend to increase this to 70 – 80% in the coming year – Amit says

Awfis – User Acquisition

Awfis was launched way back in 2015 in New Delhi with one center in Vasant Kunj. In July 2017, the company had 5,800 desks across 20 centers. Having grown steadily throughout the last few years, they have expanded to 35,000 seats across 70 centers in just 4 years. This indicates a growing audience,

Our biggest marketing channel has been our customers itself, who, with their positive feedback and positive word of mouth, have been our biggest strength to us. We have managed to consistently gratify our user base by enabling complete transparency while enhancing relationships with both internal and external stakeholders. Additionally, staying true to our belief “where work meets life”, we are providing our members a platform to interact, collaborate and do business within the community.

The company also provides access to over 1000 events and experiences annually to its community members so as to maintain work-life balance and have fun while working.

Awfis – Funding and Investors

Awfis has raised a total of $134.6 million in funding in over 9 funding rounds from different investors. Their last funding round was in June 2023 which was a venture round, led by A91 Partners.

Date	Stage	Amount	Investor
June 19, 2023	Venture Round	$40 million	A91 Partners
December 5, 2022	Series E	$1.96 million	Bisque
June 1, 2022	Series E	$7.8 million	–
March 12, 2021	Venture Round	$5.5 million	–
May 26, 2020	Debt Financing	$4.8 million	–
August 6, 2019	Series D	$30 million	Chrys Capital, Sequoia Capital India & The Three Sisters Institutional Office,
May 24, 2019	Series c	$3.01 million	Peak XV Partners, Yes Bank
July 25, 2018	Series C	$20 million	InnoVen Capital, Peak XV Partners
April 26, 2017	Series B	$20 million	Peak XV Partners

Awfis – Growth / Revenue

Awfis revenue stood at INR 849 crore in FY24 and INR 545 crore in FY23.

Awfis is currently spread across 181 centers in 17 cities with more than 100,000 seats. It had set its eyes on the expansion in Tier 2 cities and solidified its presence in Tier 1 cities which materialized by expanding to Kochi, Jaipur, Bhubaneshwar, Ahmedabad, and Indore. 80% of the then userbase of Awfis belonged to the Tier 1 cities.

Awfis plans to expand further across India with a net addition of 5,368 seats and 9 centers in Q1FY25 and a total of 40,000 new seats in FY25, bringing the total seat count to 1,35,000.

In terms of the user base, the company serves over 1500 companies ranging from India’s leading startups/ MSMEs to Fortune 500 companies, forming the largest co-working community in India. Breaking up Awfis’ revenue, SMEs account for 40 percent, corporates 40 percent, and 20% of revenue comes from startups and freelancers. In terms of community members, Awfis has over 28000 community members.

Awfis has managed to successfully establish itself with an extremely strong foothold in the rapidly evolving co-working sector.

Awfis’ success mantra of providing ‘Value driven services for Value focused companies’ has enabled it to spearhead the growth of this sector in India and made Awfis synonymous with co-working. Awfis has become profitable at the entity level since November 2018 and is planning to launch a public issue in 2024.

“A homegrown brand, at Awfis, we have a deep rooted understanding of our consumers’ needs and are growing year on year at a quick pace. We identify underutilized assets, partner with land owners and deliver Grade A workspaces. We have efficiently deployed our resources to meet our business requirements without hampering the quality of workspaces provided. The entire product portfolio is such that it keeps us ahead of the game.” quotes Awfis founder Amit Ramani.

Some of the prominent expansions of Awfis in 2024 are:

Awfis launched two co-working centers in Bengaluru in August 2024.
The company opened a new co-working center in GIFT City, Gandhinagar in September 2024.

Awfis Financials

Awfis reported a net profit of INR 38.67 crore in Q2 FY25, compared to a net loss of INR 4.34 crore in the same period last year.

The company’s operating revenue rose 40.46% year-on-year to INR 292.38 crore for the quarter. Including other income of INR 9.56 crore, total revenue grew by over 40%, reaching INR 301.95 crore for the quarter ending September 30, 2024.

Awfis Financials	FY23	FY24
Operating Revenue	INR 545 crore	INR 849 crore
Total Expenses	INR 612 crore	INR 892 crore
Profit/Loss	INR -46.16 crore	INR -17.80 crore

Awfis increased its operating revenue by 55.8%, going from INR 545 crore in FY23 to INR 849 crore in FY24. Total expenses rose by 45.8%, moving from INR 612 crore in FY23 to INR 892 crore in FY24. As a result, the company reduced its losses by 61.4%, from INR 46.16 crore in FY23 to INR 17.80 crore in FY24.

Awfis Expenses Breakdown

Awfis’ total expenses rose by 30.85%, reaching INR 287.29 crore in the September 2024 quarter, up from INR 219.55 crore in the same quarter last year.

Awfis witnessed a notable increase in expenses, surging from INR 612 crore in FY23 to INR 892 crore in FY24.

EBITDA

In the first nine months of FY24, Awfis earned INR 617 crore in revenue from customer contracts, up from INR 545 crore in FY23. Its EBITDA was INR 196 crore with a margin of 31%, the same as last year.

Awfis Financials	9MFY24	FY23
Revenue from contract with customers	INR 617 crore	INR 545 crore
EBITDA	INR 196 crore	INR 176 crore
EBITDA Margin	31	31
Profit after tax	INR -19 crore	INR -47 crore

Awfis – Partnership and Tie-Ups

Awfis has partnered with three companies:

Prestige Group
Nucleus Office Park
NSL (Nuziveedu Seeds Pvt Ltd)

Awfis – IPO

The IPO for Awfis Space Solutions opened on 22nd May 2024 and closed on May 27, 2024. The share of Awfis IPO was listed on 30th May 2024. It was very successful on the first day, with a lot of interest from retail investors and NIIs. The IPO ended with bids that were more than 108 times the number of shares the company offered. The IPO included a new issue of 3,342,037 shares worth INR 128 crore and an Offer-for-Sale (OFS) of 12,295,699 shares worth INR 2,470.93 crore. The total IPO size was INR 598.93 crore. The price range was set at INR 364 to INR 383, with a lot size of 39 shares.

Awfis – Controversy

On November 27, 2024, Awfis Space Solutions reported an insider trading violation by its Vice President of Sales, Anindita Seal Sarkar. Sarkar sold 15,764 shares at INR 693.02 each for a total of INR 1.07 crore on September 30, 2024, and later bought 25 equity shares at INR 698.44 each for INR 17,461, without the required clearance. The breach was identified during a routine review on November 26, 2024. Awfis referred the matter to its Audit Committee, stating that Sarkar’s actions violated company policies and regulatory standards. Despite the breach, Awfis confirmed that no monetary penalty had been imposed and that there had been no prior violations reported in the current fiscal year.

Awfis – Future Plan

Awfis Space Solutions aims to increase its seats by 50% to reach 135,000, focusing on managed office spaces to grow its revenue. The company plans to add 40,000 seats by FY25, with new centers using the managed aggregation model. A report shows that 15,084 seats were added successfully, mainly through the managed aggregation model. The company is also aiming for a 30% revenue growth in FY25.

FAQs

What is Awfis?

Awfis is a co-working space provider founded in 2015 and based out of New Delhi.

Who is Awfis owner?

Awfis was founded by Amit Ramani.

What are co-working spaces?

Co-working spaces, just as the term indicates, are working spaces that are shared by two or more employers.

When was Awfis founded?

Awfis was founded in April 2015.

November 28, 2024

Popular Types of Coworking Spaces That You Can Rent
Great work comes from a great team and environment. One can work for a few hours and start feeling drained. Another can work for the entire day and still feel productive.

Environment and companions play an important role in influencing one’s work. Different people have different needs and preferences about their environments.

So, it is possible for people to rent spaces as per their choice. For example- certain businesses like a professional environment whereas startups these days prefer a conventional setup.

There are various types of coworking spaces one can rent. These include corporate, conventional, minimal, private, etc.

What are Coworking Spaces?
What are the Benefits of Renting a Coworking Space?
Types of Coworking Spaces You Can Rent
What are Coworking Spaces?

It is an environment where people from different companies share a common space to work. It is like a community centre where people from distinct backgrounds or professions can work together on their own.

Sharing the same office space is cost-saving. It is because of common infrastructure, equipment, utilities, services, and more.

Most of the spaces come with all the basic essentials for working. For example- Wifi, printers, separate space for meetings, food, etc.

A coworking space allows people to share ideas and connect with each other. It is the most suitable for students, freelancers, travellers, and remote workers.

Co-working Spaces Explained

What are the Benefits of Renting a Coworking Space?

The pandemic made remote working a necessity. Some people feel great about it whereas some do not. There are many people who miss an environment full of colleagues. This gave a big boost to the idea of renting coworking spaces. It comes with many benefits; some of them are as follows:
- It increases the amount of productivity. A person can stay away from the distractions in the house and complete the work more efficiently.
- It gives you the opportunity to network. In these spaces, one gets to interact with people from different organizations.
- It offers flexibility. There is no fixed time to enter and leave this space.
- It helps to build a work-life balance. It is important to keep a difference between home and work. This is exactly what these spaces provide.
- It is cost-effective. One does not have to pay for the equipment or services that they don’t want.
Types of Coworking Spaces You Can Rent

From a full-grown company to an early-age startup, everyone likes a coworking space. Everybody has different needs and choices related to their space. In today’s time, there is probably a coworking space according to every need.

Here are some of the types that you can rent:

Professional Spaces

This kind of coworking space gives you the actual office feel but with flexibility. In this, the environment is more private and professional in nature.

Here the lighting and atmosphere are sophisticated. There are all the facilities like internet, desks, private rooms for meetings, food, beverages, and more.

This type is the most suitable for the people who like to keep their things professional and private.

Open and Casual Spaces

This is one of the most popular types when it comes to coworking. This offers a place for people from different organizations to work. It is different from the professional one because it does not offer much privacy.

This is like an open space. It offers a shared environment with all the basic amenities that one needs to work. These coworking spaces tend to have quirky, casual, and energetic vibes.

This type is appropriate for the ones who like to interact and connect with more people. Also, the ones who don’t prefer too much professionalism.

Private Spaces

This type is quite different from most of the other coworking spaces. In other spaces, people come from different companies and share the space.

Some people feel that working around people from different companies is not good. Such people prefer private spaces. This cannot be rented by a single person; it needs a group.

This has private rooms, a kitchen and more that is not available for others. A group can rent it for a specific time without making any long-term investment.

This is quite expensive but works well for the ones who like to keep things private.

Industry or Branch Specific Spaces

This is a great type of space for the ones who like to be around people with similar interests. In this kind, different spaces are available according to different professions.

These are made by keeping industry in mind. For example- An artistic co-working space- where all kinds of artists can work under one roof.

Such spaces are niche-oriented. It can offer both an open and professional environment. It is the most suitable for creatives, law firms, and more.

Incubator Spaces

This type of coworking space is like a breeding space of ideas and innovations. It offers a casual yet industrious environment full of energy.

These are open to all. Sometimes it comes with small cubicles. The like-minded people who want to connect can share the same one.

It does not have a professional environment. Also, the best thing is that one can enjoy the working essentials at low costs.

This is the top-most preference for developers, engineers, and early-age startups.

List of 18 Best Coworking Spaces in India for Startups and Corporates 2021

This is the list of best coworking spaces in India. It includes the exhaustive list of coworking spaces from cities like Bangalore, Pune, Delhi, Gurgaon, Kolkata, and others.

StartupTalkyShubham Kumar

Meeting Spaces

This is a perfect space for people who wants to rent a workspace for short time. Nowadays, there are many freelancers and small startups are emerging.

They do not need a space all day long. But they do have meetings that need a private space. So, this coworking space has meeting rooms that allow people to rent the place for meetings.

Here, the people can come together for meetings, planning, collaborations. For this, they can rent it on the basis of weeks, days, and even hours.

This is a budget-friendly type that is suitable for freelancers, bloggers, small companies, etc.

Conclusion

The initial concept of coworking spaces came into existence in 2005. Since then, its concept has evolved a lot. It was the pandemic and rise of a remote working culture that gave a huge boost to this concept. People have almost forgotten what a real office felt like.

The pandemic removed the line between home and work. Everything just got mixed up. Many people found it difficult to focus and give their hundred per cent to work. So, these coworking spaces proved to be a rescue.

All these spaces come with the essentials of wifi services, office equipment, amenities, food, and other services. Now, there is a type of coworking space for almost everyone’s needs and preferences.

FAQs

What are the different types of co-working spaces?

Different types of co-working spaces are:
- Professional Spaces
- Open and Casual Spaces
- Private Spaces
- Industry or Branch Specific Spaces
- Incubator Spaces
- Meeting Spaces
What does coworking space offer?

A coworking space is a shared office model that come with desks, chairs, and internet as well as access to meeting rooms and breakout spaces.

What are the best coworking spaces in India?

Some of the best coworking spaces in India are:
- DevX
- Wework
- Awfis
- 91Springboard
- CoWrks
- Innov8
- Regus
- Workafella
- Cowork by Investopad
- Smartworks
March 5, 2022
How to Start a Profitable Coworking Space in India (5 Step Business Plan)

Before we begin to talk about coworking, why not brush up on some basics a bit? By the way, did you know that the first coworking space was founded way back in 1995? Well, that’s an interesting fact.

There is no denying that these spaces have come a long way now. However, the guiding principles, collaborations, and sense of community remain unchanged. The world has seen a tremendous change in working trends in the past 25 years.

An increasing number of the workforce now likes to get engaged in freelancing or contract work instead of sticking to the same organization. The world of freelancers has already grown and keeps on increasing every single day.

Now that professional lives have become mobile and people have the flexibility of choosing their own workspace, no one likes to work in isolation or at home. That is when coworking spaces come in handy. They create community hubs for all like-minded people where they can get together, collaborate, share ideas, and keep working independently.

So, if you want to capitalize on this growing and steady demand, consider starting a coworking space. While it is not an easy task, this guide aims to make the entire process easier and more organized. This guide covers everything you must know and should do to start a highly successful coworking space business.

The Future of Coworking Spaces
How to Start a Coworking Space (Complete Business Plan)

The Future of Coworking Spaces

There is no denying that the future of coworking is bright in today’s world. Numerous industry leaders and intellectuals have predicted the importance of coworking spaces in every industry during the current and upcoming times.

Moreover, the mobile workforce embraces the coworking spaces like no other. That is because they offer more than just affordable office spaces and necessary amenities. These spaces offer a place for like-minded individuals to create their ideas, resources, and network. That also helps everyone grow their individual businesses.

If you are a business or an enterprise thinking about starting a coworking space, now is the right time to do so. The interest in coworking spaces seems to be on the rise and so is the demand.

Tips To Launching Your Co-working Space

As an entrepreneur, belonging to a co-working space can be a stepping stone to your growth. A co-working space refers to a place where you meet with other entrepreneurs to work on a project together. A co-working space brings together people from different industries. Thus, it increases the chances…

StartupTalkyLakshya Singh

How to Start a Coworking Space (Complete Business Plan)

Now that we know about coworking spaces and the future that waits for the same, let us investigate the necessary steps that you can follow towards starting a coworking space business.

1. Knowing your intent

Firstly, figure out what made you decide to start a coworking business. Once you get the answer, it will be easier for you to focus on the main goals. Moreover, you need to focus initially on the benefit instead of profit to keep running the space smoothly. The arena that you are going to create should aim at bringing all the talented people together.

2. Study the demand for coworking space business

You need to investigate whether your coworking space has any demand in the market before aiming for anything bigger. That decision should be taken before you buy any furniture or sign a lease for the space.

You can also create a group on social media and host some events to promote interest in the same. That will not only help you do some necessary groundwork but also help in building a strong online community. That will serve as a marketing avenue for your coworking space.

3. Deciding on your framework

The business model for coworking space falls under different categories. You need to pick either of them depending on your circumstances.

Private offices

You can always rent out private offices within your coworking space to maximize your income. You can also put on an advertisement for the same while inviting all the creative and talented people to come under a single space.

Business space

If you are someone having a business with some unused office space, then you can surely set up a coworking space there. It will also help you prevent some of the maintenance costs and office setup expenses. The main advantage here is the extra amount of money that you will earn apart from the one coming from your already established business.

Private space

You can always partner with another person like a café or a property owner to start your coworking space. You can approach certain pubs, restaurants, or cafes that can act as coworking spaces during closing hours. That will not only bring the owner some extra income but also give the fruition of your labor.

Public space

Looking for an untapped goldmine within your city? Your local city council may prove to be one! You can discuss with the members about the space and funding opportunities and see if that aligns with your idea.

Events

You can always host events within your coworking space that can provide you with a revenue stream. That is also another way of making your space more visible to the public eye. You can always host meetups, film nights, and events of a similar sort to promote your brand further.

4. Financial Model for Coworking Space

It is essential for you to have sound financial planning ahead of starting your coworking space. Moreover, make sure that you are aware of all the legal registration and insurance matters related to the same. The most important things that you need to focus on are structuring your fee schedule, financing your coworking space, and tasks of a similar sort.

Finance

You need to first decide how to finance your coworking space before beginning with the work. You also must decide whether you will be investing your money or will approach investors. You will also find many other good funding sources like family members, friends, local government bodies, business contacts, and more.

Price structure

You must place your price structure based on time. It may be a daily, weekly, monthly, or even yearly rate. You can reward the users who book your space for longer periods. You should always request advance booking to avoid loss if the person doesn’t show up later.

5. Economically viable way

It is always recommended to make your plan economically viable to make a profit in any business. The same applies to the coworking space business. You must try integrating as many services as possible into your coworking business. That will make the users spend more money on the same. For instance, you can either set up a cafeteria, a gym, or even a sauna within the area.

WeWork Business Model | The Secret behind WeWork’s Success

WeWork is one of the highest valued startup in the world. Lets look at its business model to understand the secret behind its success.

StartupTalkyAnagha S

Start Marketing to Spread the Word

Once everything is ready, you should now put your entire focus on attracting people. Start running paid ads on different social media platforms to let people know you’re open. You should design your marketing strategy after knowing where your target audience hangs out the most.

Besides running ads for your coworking space on multiple platforms, you can also launch some excellent influencer marketing campaigns to spread the word faster. Hiring a performance marketer for this task would be a better option.

But what if you don’t have enough marketing budget? Well, there is still a way out. One great way to market the coworking space at zero marketing cost is by cold pitching to your target audience on Facebook.

Join Facebook startup groups that are for professionals working in your business location. After joining, track all the active members in the group who show interest and visit startup events, and pitch them to your workplace. It will require significant time and energy, but the returns will be worth it.

It’s all about targeting the right people from online communities, striking a conversation, and making an appealing pitch. You can start by quickly striking up a conversation with them and later introduce your coworking space. It can appear like a tedious, long process, but it works.

Conclusion

Coworking is a great place for socializing. It can not only enrich your daily life but also help you exchange ideas with other people. Apart from that, you can stay up to date about the latest trends and share work at times. Financially, it is the most advantageous business that helps you share resources, pay bills, and meet interesting and talented people.

FAQ

How profitable are coworking spaces in India?

If you build a concrete business plan it is likely that your coworking business will become profitable after two years in operation.

How do coworking spaces work?

Coworking spaces act as a shared workspace where the business offers office space for companies or freelancers who are looking for a budget-friendly alternative to a full-fledged office.

What is the future of coworking spaces in India?

The future of the coworking space industry in India is growing rapidly and is expected to reach $2.2 billion in 2022.

February 7, 2022
List of Best Coworking Spaces in India [Exhaustive list]
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. Almost all such coworking space companies provide additional facilities which attract the people to use their space.

Coworking spaces in India is on boom with the booming Indian startup ecosystem. It has been mainstreamed for the advantages it brings. Flexibility to work, lesser cost and most importantly, Coworking spaces are always good to focus on what you do the best without worrying about other things.

Especially in metro cities its very tough to afford a good office space when you are still a startup and that’s where Coworking spaces come to rescue. Also, as startups spring in locations across India, they need to establish their presence physically.

You may not have the capital to invest happily in setting up an office and thus require cost effective and ergonomic solutions. So why not share space with other like-minded people, working in tandem?

Coworking space is the need of the hour. There are over 100 branded coworking spaces operating in India. This figure is estimated to quadruple over a period of three years. The total number of shared spaces are expected to reach approximately 500 centers by the end of 2020 from a present figure of 150.

Currently, there are approximately 300 both branded as well as unbranded/unorganized shared space operators in India, operating across 720 centers in urban India.

Coworking spaces have quite the hype now since they give startups and freelancers a proper place that saves them from isolation when working at home and at the same time it keeps away the distractions you face while working at home.

These places are filled with state of art amenities, Wi-Fi with high-speed internet, cafeteria, conference rooms and everything that one needs to run a personal office. Some of the spaces also helps you to connect with mentors and conduct regular events to learn from industry experts.

Here’s a list of Top Coworking spaces in India

91SpringBoard
Innov8
Awfis
PlusOffices
Social Offline
GoodWorks CoWork
Chitkara Innovation Incubator
RentADesk
Qworky
WSquare
Sproutbox
iKeva
WeWork
ThinkValley
OfficingNow
Investopad
The Office Pass
StirringMinds
FAQ

91SpringBoard

Spread across Bangalore, Delhi, Gurugram, Goa, Mumbai, Hyderabad, Noida and Pune, 91SpringBoard is a popular coworking space in India that has all the basics covered. 91SpringBoard has both open workstations and private cabins, conference rooms, recreation zone, redundant power supply and 24/7 availability.

91SpringBoard Coworking Space in India

Aside from this, regular workshops, seminars and events meant for enhancement and enrichment are frequently conducted. 91SpringBoard’s Membership is available on a monthly basis, with no lock-in requirements.

Such flexibility is a desired attribute among startup which may at times face financial crunch. Lockable cupboards are provided for storage requirements, and there’s the option of separate internet line for member organizations.

Innov8

Innov8 Coworking Space in India

Started from Gurugram, Innov8 has Delhi/NCR, Chandigarh, Bangalore, and Mumbai accounting for roughly 8 lakh sq. ft., Innov8 is the exclusive Y-Combinator backed collaborative work-space player apart from a few other significant entrepreneurs and top Indian angel investors. Innov8 provides amazing environment in their Coworking space and many of its offices are designed keeping the funky culture of startups in mind.

Awfis

Awfis Coworking Space in India

Founded in April 2015, Awfis aim is to build creative work-spaces and make it accessible to the more people. Currently, it has its base in Delhi, Bangalore, Hyderabad, Mumbai, Gurgaon, Noida, Kolkata, Pune.

Awfis offers a shared space for a price range of Rs 5,000-15,000 per seat. With a customized mobile application enabling users to find, review, book work spaces in its centers on a real-time basis. Awfis has created an innovative ecosystem of an affordable, tech-enabled, collaborative, high energy coworking space in India for the entrepreneurial community.

20 Amazing Coworking Spaces in Delhi | Crucial to your Business

Find out how these 20 Co-working Spaces can bring an amazing impact on your work & business. Get an insight on their Pricing, Amenities & much more

StartupTalkyJeenal Jain

PlusOffices

Plus Offices Coworking Space in India

Plus Offices are a rapidly growing, funded venture coworking space started from Gurugram, Haryana (Sector 44) . They are now expanding to Sector 67 to a new massive 55,000 Sq. feet facility. This place would be ideal for startups, entrepreneurs, SMBs and enterprises who are looking at a productive workplace with a customised format.

According to founder, their focus is completely customer and productivity oriented. You can plan productive workplace seating right from a 10 member team to a 1000+ strong growing enterprise.

Plus Offices have also started a Mentor Plus Program where they are trying to help growth bound enterprises to get on business acceleration by connecting them with regional and global mentors.

Social Offline

Social Offline Coworking space in India

Situated near the iconic Cubbon Park in Bangalore, Social Offline is a coworking office space which has the casual setting which blurs the line between home and office. There’s a bar in the premises as well, and the 5000 INR membership covers the cost of using this amenity. Moreover, there’s a gaming area to blow off steam at the end of the day. Foodies would definitely love this Coworking space, given that it is surrounded by a plethora of cafes and restaurants!

GoodWorks CoWork

GoodWorks CoWork coworking space in India

In-house consultation and assistance through all possible mediums, GoodWorks CoWork provides startups and other organizations more than just accommodation. Situated in Whitefield, GoodWorks CoWork is often counted amongst the best coworking spaces in Bengaluru.

With beanbags spread throughout along with ergonomic chairs, fully furnished space, lounge, an on-site restaurant supported with free tea/coffee services, and the latest equipment’s, startups should explore this coworking space.

Chitkara Innovation Incubator

Chitkara Innovation Incubator is an incubator that has been approved by the Government of India. It is the second one in North India after New Delhi to have achieved this recognition.

Spread over an astounding 15,000 square feet, the coworking space also serves as an education hub specializing in entrepreneurship development. The office spans across six floors; that means a potential opportunity to networking with some of the most innovative ventures out there.

In addition, sprawling sports room, amenities like office boys, cleaning facilities and free parking are simply icing on the cake. Both open spaces and private rooms are available for lease. It is located in Panchkula, Haryana.

RentADesk

RentADesk coworking space

With desks starting from as low as 500 INR, RentADesk is located in Banjara Hills, Hyderabad. RentADesk welcomes entrepreneurs and freelancers who are looking for nice coworking space in the post location of Banjara Hills – significant location especially for the techies. RentADesk also offers some of the premium workspaces that can help you innovate.

Office Design Trends : Best Modern Office Design Trends In 2020 – StartupTalky

A new office is an opportunity to create a space that helps your staff work and feel at their best. Here are Best Modern Office Design Trends In 2020 to make work life better.

StartupTalkySouvik Dey

Qworky

Located in Lucknow, capital of Uttar Pradesh, Qworky offers a contemporary coworking space to match varying needs of to all kind of startups and companies. The pricing plans have something to offer for everyone; this includes open sitting, dedicated cabins, 2/5/7 seater, virtual office and conference room. Qworky offers a device lab where gadget are provided for assistance. Then there’s the mesmerizing ambience for all to enjoy.

WSquare

WSquare coworking space in India

Launched by Vandhana Ramanathan and Jinal Patel, Wsquare is a Women only coworking space. Along with providing accommodation, a marketplace is organized once a month to push women entrepreneurs to showcase their products and ideas. This includes but is not restricted to jewellery, clothes, etc.

Enticing packages such as ‘startup square’, ‘she square’, ‘office square’ and ‘workshop square’ can take care of varying requirements. Benefits include women centric workshops, doctors on call, on demand grocery facilities, and a women café. It is counted as one best coworking space in Chennai, India. WSquare is located in Adyar, Chennai.

SproutBox

SproutBox Coworking Space in India

Started in the year 2015 in DLF Phase 1 in Gurgaon, SproutBox not only provides dedicated coworking office place but also has mentors to help one to put on their ideas to action. It is counted as one of the premium coworking space in India.

SproutBox also provides with complimentary tech support, high speed internet and complimentary beverage service. There are no lock-ins, one just need to make monthly renewals to book a desk.

iKeva

Located Near HUDA City Center Metro station, one can have 24/7 access to the iKeva office space. Apart from being close to many city destinations, iKeva also provides with a bundle of services. It has incessant access to maintenance, security and electricity.

All of this and more with a flexible booking policy that needs you to pay for what you use only. The main benefit of coworking space is you can have access to other iKeva locations with one membership.

WeWork

WeWork Coworking space in India

WeWork is world’s largest coworking company and has 4 branches in Gurugram. Its located at DLF Cybercity, MG Road, 32 Milestone and Udyog Vihar in Gurgaon. The cost of booking a space in WeWork depends on the kind of desk you are interested in. The coworking office space is categorized into 3 types as, private office, dedicated desk and hot desk.

WeWork provides a range of facilities from front desk management to private phone booths. It’s a great place to connect with people from all walks of life.

ThinkValley

ThinkValley Coworking Space in India

ThinkValley has various different work areas basing on one’s requirements. One can book a single desk, a conference room or a studio depending on the necessity. It also has a café and a library to unwind oneself. These facilities make ThinkValley one of the best coworking space in Gurgaon. It stand atop is it organizes weekend getaways and regular events that help in networking with people, sharing thoughts and ideas. ThinkValley is located at Sector 32 in Gurgaon.

List of Top Coworking spaces in Bangalore | Shared Office Space Bangalore

Top coworking spaces in Bangalore can make a fantastic impact on your work & business. So, we’ve created a list of coworking spaces in Bangalore along with their Pricing, Amenities & much more.

StartupTalkyJeenal Jain

OfficingNow

OfficingNow is located at multiple locations in Gurugram. It has a wide variety of options of desk spaces to choose from. It promises to be suitable for any sort of business, such as, startup, freelancer, NGO, Corporates, Home Workers and SMEs. There is something for everyone in OfficeNow. The benefits include flexibility, convenience, expert advice and security.

Investopad

Investopad Coworking Space in India

Located at Sector 32, this is one of the best coworking space in Gurgaon, Investopad is one of a kind coworking place in India. If you are bored of working on desks then hop into a hammock and let those creative juices flow. Investopad boasts of having vibrant, spacious and comfortable studios. Crosstalk is something that is unique in Investopad, where one can get inspired by domain experts. They have four plans to choose from, the most popular being the 12-day plan. These give access to the place 12 days a month and enjoy the benefits of a full-time member.

The Office Pass

The Office Pass Coworking space in India

The Office Pass is located at four places in Gurgaon at Sohna Road, near Huda City Center Metro station, Cybercity and near NH48. This is different from a ordinary coworking space since this is a Neighborhood Co-Working (NCW) space.

NCW is a kind of space which provide working space to nearby people in 5 km of distance. This saves the commute time and also unique in coworking space environment. It promotes the now trending walk to office culture in India.

StirringMinds

Stirring Minds Coworking Space in India

Aside from the basic facilities being catered to, the brainchild of Pranav Bhatia, Stirring Minds offers something exclusive—a program known as ‘Start A Startup’ program (SAS). It includes funding support, MVP development, business model evaluation, pitching sessions, certification options, and opportunities for networking. The pricing catalog ensures that those with and without financial sources can make the best out of Stirring Minds, with quarterly, monthly and yearly plans available.

Some of the Honorable mentions are:
- HustleHub
- Nwook
- IndiCube
- Cowrks
- EasyDafter
Conclusion

So this was our list for top Coworking spaces in India. Apart from these Coworking spaces in India, there are a number of cafes that provide you with a calm environment to work along with free Wi-Fi.

If you are in the mood to work at a relaxed workspace then pick your laptop and head to one of those calm, quaint cafés near you. Starbucks and CCD are quite famous for this! We will try to keep this list on Coworking spaces in India updated.

FAQ

How many coworking spaces are there in India?

There are around 850 coworking spaces in India.

What is the future of coworking spaces in India?

The flexible spaces segment is expected to grow by an average of around 15-20% per annum over the next three-to-four years

How much does a coworking space cost in India?

The average monthly rentals for co-working spaces is between Rs 18,500-28,500 per desk, while it hovers between Rs 24,500-30,000 per de
September 7, 2021
Innov8 Coworking – Expanding the Culture of Coworking Space with Style and Sophistication!
The concept of co-working space dates back to 1995. But it wouldn’t be wrong to say that it has gained popularity in the last decade. To make the co-working industry more sophisticated, Ritesh Malik founded Innov8 in 2016.

Innov8 is a premium coworking space provider in the country. In recent times, it has emerged as a leading brand in the coworking space standing on a strong footing in the Indian startup market space. It’s not widely known but India is the 3rd biggest startup hub in the world! This germinates the apparent need for relevant workspace in the country.

Innov8 – Company Highlights

Startup Name Innov8

Headquarter New Delhi, India

Sector Real Estate, Co-working

Founders Ritesh Malik

Founded October 2015

Parent Organization Innov8, Inc.

Website innov8.work

About Innov8 and How it Works
Founders of Innov8 and team
How was Innov8 Started?
Innov8 – Startup Launch
Innov8 – Business Model and Revenue Model
Innov8 – Competitors
Innov8 – Funding and Investors
Innov8 – Growth
Innov8 – Future Plans

About Innov8 and How it Works

Innov8 was launched with the vision to provide the best infrastructure in town & supremely innovative design facilities to the members working in the workspace. This will lead them to work to their fullest potential while leading an equally balanced work-life with the finest and top-notch office spaces.

Website

All in all, Innov8 provides cool and sophisticated co-working spaces to facilitate the process for the startup ecosystem and the merging freelancer’s culture in the country. Since its inception, it is based on the core value of building world-class products at a superiorly value-conscious price with top-notch service. This is now the fundamental strength of this venture. The company, by and large, focuses on scaling its business model to deeply assist in integrating more verticals under the shared economy space in the country.

“At this time, Innov8 coworking space is helping startups and freelancers by providing them an ergonomically designed workspace that has exclusively been curated for better work-life.”, says the founder, Ritesh Malik.

Founders of Innov8 and team

The founder of Innov8 is Ritesh Malik. He is a doctor by profession and is a graduate of Dr. MGR Medical University in Tamil Nadu.

Ritesh Malik – Founder and CEO, Innov8 Coworking

Dr. Ritesh Malik is an Indian doctor, entrepreneur, and investor. He runs a virtual Startup Accelerator in India, currently investing in and mentoring 11 startups across various industries. He was the first investor & mentor of FIN ROBOTICS, which became the first Indian hardware product company to raise a Series A venture funding.

He did his MBBS from a rural medical college, Theni, and an internship from Ganga Ram Hospital in Delhi. His parents are doctors; his father is a pediatrician & mother is a gynecologist. They have a secondary healthcare hospital in Delhi called Radix Healthcare. He also studied for a short time at the London School of Economics and completed a semester at Harvard University.

How was Innov8 Started?

If you’re wondering how was Innov8 started, we have got you covered. All of it started while founder Ritesh was in medical school and he sort of developed a keen interest in the divine field of entrepreneurship. During his college days, Ritesh had successfully managed to attend a short Marketing Science 101 course at the prestigious London School of Economics during one of his summer breaks. That’s where he learned deeply about how Silicon Valley was booming and buzzing with startup ventures and sustainability modules every day.

It is also during this time that he founded Guerilla Ventures in 2013 which is an angel fund. This venture has invested in more than 45 startups across various sectors including healthcare, information technology, innovation, SaaS, etc. After being a successful investor for quite a few years, Innov8 owner Ritesh Malik again felt the entrepreneurial itch! And that’s how he went on to start the startup in Delhi in January 2016.

Innov8 CEO and founder Ritesh says: “The office space was in the heart of Connaught Place in Delhi, and it was fully sold out within 30 days.”

Smartworks – Creating stylish co-working spaces for enterprises

The office space format has come a long way since it was regarded solely as aplace of work at a convenient location, with plain desks, chairs, and cabinscomprising the overall set up. Over the past few years, we have seen theworkplace evolve significantly in terms of space utilization, design,ar…

StartupTalkyVidhi Punamiya

Innov8 – Startup Launch

Soon after Ritesh launched Innov8, the venture was picked up by Silicon Valley incubator Y Combinator for the 2016 batch.

“We were told we should do large centers because with small centers we will not be able to become a $1 billion revenue company. At YC, we learned that to be huge, we need to have large campuses,” said Ritesh Malik, owner of Innov8.

Followed by this event, the startup went on to set up a 500-seater campus in the IT hub of the country, Bengaluru, which also sold out in just two months. As of today, from typically 25,000-27,000 square feet co-working spaces, the company is gone further deep in the game and is now setting up 50,000 square feet spaces around the country.

Innov8 Logo

Seeing this level of the upping game, it wouldn’t come as any surprise to us that Innov8 is now aiming to do one lakh square feet workspaces soon. They have been successful in creating a coworking space in Hyderabad for about 80,000 square feet. This was the time when established players like WeWork had already established its space in the city.

The startup has immense competition in the coworking market but the rising demand for coworking spaces always exceeds the supply of these spaces. Hence this is where they step in and conquer. Innov8 Coworking was acquired by OYO for $30 million on Mar 15, 2019.

Innov8 – Business Model and Revenue Model

Innov8 typically operates on an asset-light business model which means that it leases the working spaces for up to 10 years.

“Our focus is on doing larger campuses because we feel that if we do larger campuses in a particular area, the economies of scale will kick in and we end up making more money out of it, as well as the community building factor plays along with it,” added Ritesh Mallik, the founder of Innov8.

Innov8 – Competitors

Though the competition is huge and cut-throat in the coworking space market, the company’s biggest competitors are the ventures called Awfis and 91springboard.

Awfis Success Story – Best Coworking Spaces & Virtual office | Founder | Funding

Company Profile is an initiative by StartupTalky to publish verified informationon different startups and organizations. The content in this post has beenapproved by the organization it is based on. The coworking industry in India is at its peak and is slated to transform into amainstream segmen…

StartupTalkyLakshya Singh

Innov8 – Funding and Investors

The funding amount of Innov8 lies at $4 million. In 2018, it raised its pre-Series A round of funding for $4 million led by the Credence Family Office. Also, the existing investors participated in this funding round.

The company is backed by high profile angel investors including Vijay Shekhar Sharma, Founder, Paytm; Rajan Anandan, Head, Google India; Anand Chandrasekaran, Global Director of Platform and Product Partnerships, Facebook; and Girish Mathrubootham, Founder and CEO of Freshworks, among others.

Innov8 Coworking was acquired by OYO for $30 million on Mar 15, 2019.

Innov8 – Growth
- Operates in more than 13 cities across India
- Has an overall capacity of 6,000 seats
- Has a wide network of more than 190 clients
- Its clients include RBL Bank, food delivery major Swiggy and Vice Media to only name a few
- Its centers are built with facilities like nap rooms, rooftops, recreation facilities, refreshments, and printing services
- Has approximately 95% occupancy across all centers
Innov8 – Future Plans

“We have almost 95% occupancy across all our centers, which is one of the foremost markers of our success. With the domain expertise our investors bring on-board, we look forward to leveraging their support, as we build a leading platform offering collaborative space for growth and innovation in India. By the end of this year, we will have 24,000 seats, with 30-32 centers” concluded Ritesh Malik.

Startups in Delhi | Delhi Startups List [2019 Updated]

Delhi is making great strides in its journey to become the hottest startupdestination in India with more than 1500 startups. The list given belowdiscusses some of the most successful startups in Delhi that are in the processof leaving a lasting impact. Before proceeding, if you know about any ot…

StartupTalkyAshwini
April 8, 2021
Co-working Spaces- How Is It Working In India?
The predecessor to modern co-working was hackerspaces and other collectives. These allowed professionals in a field to interact and share ideas. But with time, sharing didn’t stop with ideas and it moved on to resources.

Co-working space is a concept that originated about 15 years ago. The concept involves bringing different companies to work with a common space and infrastructure. This concept came into being because of the rise in prime real estate prices. Small tech companies and start-ups could not afford it. So, they wanted a setting to share resources to reduce costs.

Why Co-working Spaces Became Popular?

Number of coworking spaces (globally)- 2017 forecast

Co-working spaces came into being for the sole purpose of reducing costs spent on real estate. Although this is one major reason for the increase in demand, they have grown out to be more than that.

With a flexible working environment, co-working spaces offer a sense of being part of a bigger community. This is best suited for offices with very few workers or a group of freelancers and start-ups.

For any small tech-based start-up, the first need is getting a lot of connections. With a community filled with people from various fortes, co-working is a boon in disguise.

For a group of freelancers, paying monthly rents and spending money on infrastructure is useless. Co-working provides a way around that and pay only when used.

List of Best Coworking Spaces in India [2019 Exhaustive list]

Coworking space is an office or a building where individuals or a group ofindividuals can come to work on their personal or professional projects.Individuals pay to the company which is providing the space. Almost all such coworking space companies provide additional facilities which attract the …

StartupTalkyShubham Kumar

How The Co-working Model Generates Revenue?

The basic revenue for co-working spaces is the income from subscriptions. The rates that are charged depending on the amenities, location and the time for which the amenities are used. This is for companies that pay based on a long term membership agreement.

There is another type of co-working where a space is set up and provided on a lease basis to the highest bidder. The maintenance of the space and the amenities are managed by the owner.

Top Facilities That Make Co-working Spaces Appealing For Companies
- Networking is the most important advantage that a co-working community offers.
- Hassle free office maintenance at very low costs without any compromise on utility.
- With collaborative co-working spaces, locations other than the home location can be used.
- With high-end tech equipped conference rooms, meetings and conferences can run problem-free.
- Without the need to spend any money, co-working offers excellent interiors to promote a work environment.
- Common amenities include recreational spaces for all members. This ensures that the employees work all the time but also spend time for themselves.
- Industry talks, games and other events are also organized in co-working spaces to allow the members to bond into the community.
What is CoWorking Space and Basic Features to Expect from CoWorking Space

Planning for a startup with your friend? But want to look cool just like inmovies or TV shows? But it is also true that you can’t spend the whole daysitting in a café without ordering coffee. Coworking spaces are a great deal youcan go for. They are changing the market and supporting people towar…

StartupTalkyAshwini

Co-working Culture In India

India saw its first co-working space in 2012 when 91Springboard started its operations. Although it did not cater to the needs of companies like spaces today, this was the start in India.

Today, Co-working is the fastest growing need in the declining real estate industry. This shows that it is highly in high demand. Since 2018, the trend has started to rub off on all major cities in India. At first Delhi, Mumbai, Bangalore and Hyderabad were seen as potential locations for co-working spaces. The trend is not spreading to almost all tier 1 and tier 2 cities in India.

Future Of Co-working On India

Expansions and takeovers

There have been quite a few new entrants in this market like Oyo, One Cowork, etc. Companies like these start with a foot in almost all major cities. So, smaller shared spaces can be acquired by such large players. Established co-working space companies like 91Springboard will expand operations in new cities. We can observe a lot of mergers and acquisitions in this field.

Domination by large enterprises

Large corporations will establish long-term deals for co-working. Co-working spaces will meet their day to day office space needs for the large part.

Specificity

Today’s co-working is focused on the community as a whole. But with the rise in the number of spaces, client-based features are a new path to develop on. By providing features that cater to a niche clientele, more and more growth can be observed.

Start-up dominance

With over 40 percent of the population constituted by youth, India will see a rise in the number of start-ups. Small tech companies and Start-ups prefer Co-working over traditional office spaces as they provide better connectivity and infrastructure. This will lead to an increase in the share of Start-ups in co-working spaces.

Expansion in Tier 1 cities

Geography limits most Co-working platforms in India. Most of them exist only in a few cities. The expansion of such players into other tier 1 cities will be seen for sure in the next 2 years.

Growth in Tier 2 and Tier 3 cities

Bangalore, Delhi and Mumbai are the most preferred locations in Tier 1 cities. Although there are other cities with equal potential for expansion, many MNC’s are expanding to smaller cities. So, this untapped market will provide more buzz for the Co-working space market.

Expansion to dominate the office space market

The actual share of shared spaces is very low right now. But with the increase in the need for good office spaces, this will change. More and more co-working structures will come up in the next 5 years and their share will cover almost 30-40 percent of the office space needs.

New real estate market

As this model becomes more successful, co-working operators will come into play. Real estate owners will provide buildings that will be renovated and managed by the local operators. This will begin to exist when prime real estate costs increase with a decrease in availability.

Awfis Success Story- Best and Affordable co-working spaces, Virtual office in India

The coworking industry in India is at its peak and is slated to transform into amainstream segment. The millennial workforce is ever evolving and over 13million people are expected to work out of co-working centers by 2020 in India,with many corporates expected to allocate 10% of their office por…

StartupTalkyLakshya Singh

EndNote

The increase in the number of shared working spaces has seen a huge increase in India. With the emergence of start-ups in almost all tier 1 and tier 2 cities, this growth is inevitable. In the next 5 years, the demand for shared office spaces will increase manifold as the resources become scarce. Co-working spaces work based on annual seating capacity. This number being very low in India, it is possible for failure. But there is one question that remains, will the market conditions change like expected or is there something unexpected.
November 21, 2020
How Covid-19 can Affect the CoWorking Industry in India
This is a guest article by Ms. Anita Sharma who used to dabble with acids and alkali, Yes a a chemistry grad! Now, she help companies market themselves on the internet with her marketing skills. She runs an digital marketing agency, Searchmetry in Kolkata.

Covid-19, which has shaken the whole world has brought all countries at halt. This highly contagious disease is spreading so fast that Indian Government has ordered 1.3 billion residents to stay home. Initially government declared lockdown of 21 days on 24th March,2020 and then extended lockdown more for two times. In this lockdown period, all malls, theaters, companies, shops, restaurants, manufacturing units are shut. This will affect businesses and economy badly.

Covid-19 has proved to be the black swan event of black swan events. With entire countries under complete lockdown, healthcare systems on the brink of collapse, and a cure and/or a vaccine nowhere in sight, the engines of industry have ground to a complete halt in every country, India included. Every person has questions regarding after lockdown effects on industry, people, lifestyle.

Many questions are there for coworking industry too like
- Will covid-19 be a nail in the coffin of the coworking industry in India?
- Or will it actually push more people towards coworking?
- Will the sector be permanently affected? For better or for worse?
- How will this affect the coworking industry in India?
- Will there be a permanent effect on the industry?
- Or will things return to pre-covid conditions once the pandemic is brought under control?
- If there is a permanent effect, will it be positive, or negative?
Let’s take a look.

The idea behind a coworking space

Every company is different. Their requirements, and their way of working is different.

However, most workspaces share infrastructural requirements, like:
- A good internet connection.
- Phone lines.
- A stable electric supply.
- A conference room.
- Amenities like washroom, basic snacks and beverages, and so on.
There are two issues with an individual company arranging these for itself:
- It’s not the core function of the company; the time invested in arranging them could have been used more productively.
- Some of the facilities, like the conference room, will not be constantly used by the company, leading to excess capacity.
Enter the co-working concept

Enter a company whose core function is to acquire spaces, convert them into workspaces (by appropriate interior design, arranging for the infrastructure, etc), and offer other companies access to this working space.

The issue of spare capacity is addressed by devising a shared access mechanism; in other words, companies A and B both use the same conference room, at different times.

Remember this ‘shared access’ concept – we will return to it in a while.

Also read: All You Need to Know about CoWorking Spaces in India

The Financial Model
- Typically, the space acquisition will have to be done long term; in other words, to build a viable coworking business, lease/rent agreements have to be long term.
- Some staffing – especially in the fields of maintenance, logistics, and so on – would also have to be hired on a salaried basis.
- On the other hand, companies who want to rent desks or rooms will look for flexible arrangements, to fit their financial situation.
This means that there will almost inevitably be a mismatch between the spending and revenue of a coworking company – long term, fixed costs will have to be funded with volatile short term cash inflow.

How does covid-19 affect this, in general?

Covid-19 can have a number of effects on this business model:

The lockdown

Typically, coworking spaces would be found in financial districts, within metropolitan areas. Typically, these also have been found to be ‘hotspots’ where the virus has been spreading more, which means they would be the last to emerge from lockdowns.

Availability of staff

With different places having different levels of lockdowns, maintenance and other staff may not be able to turn up for work at full strength for some time.

Work from home

A lot of people are adjusting to working from home. It could become a new normal.

Since neither a drug nor a vaccine for the virus seem to be within reach right now, even after lockdowns are eased, people might prefer to work from home, and business would largely agree, since that minimizes the risk of workers infecting each other in the workplace.

That would have a material impact on the coworking business model.

‘Hot’ would become cold

Remember one of the features of coworking is shared access.
- In many coworking spaces, this not only extends to larger facilities such as conference rooms, but also to basic facilities such as desks.
- In other words, one business may hire a desk from 9am to 1pm; then another company can hire that same desk from 1:15pm to 4pm.
- Such assets are called ‘hot’ assets. Typically, they yield a higher return for the coworking company. ‘Hot assets’ enable a coworking company to scale up in the sense that a single asset can bring in multiple payments from multiple users within 1 day.
However, with the social distancing norms in effect, business and people would be averse to using such facilities.

The pre-covid19 outlook of the coworking sector in India

Till early 2020, the coworking industry in India was booming.

Both foreign companies (like WeWork and Regus) and domestic ones (like Awfis and Cowrks) were setting up shop, and competing with each other to snap up work spaces and acquire clients.

There was some churning in the industry, leading to a number of mergers and acquisitions but that was attributable to some purse-tightening by investors in light of the WeWork debacle, and did not pose any material risk to the viability of the coworking sector in India.

Negative effects of covid-19 on the coworking sector in India

As you might expect at this point, covid-19 will land quite a few blows on the coworking sector in India.

A permanent decline in office space requirement?

Covid-19 has spurred a disruption in attitudes towards work, and remote working is catching on.

Also read: Companies are Asking their Employees to Work from Home due to CoronaVirus

Firms are innovating to offer remote and work from home solutions like virtual conferencing applications (Google’s Meet, Facebook’s Messenger Rooms, etc) and planning and productivity tools (like Asana).

If this trend sustains, it might lead to a permanent decline in the demand for office space.

Clients are themselves affected

The shutdown has led to fears of an imminent recession, which has spurred people to eschew spending as much as possible, and conserve cash. This has led to a general fall in demand.

Also read: 14 Founders Shared Opinions on how Industry and Customer Behavior will Change after Coronavirus Fight

Consequently, even as workers work from home, businesses have been affected due the general lack of demand in the economy.

So, they are choosing to cut costs as well, which means they won’t be in a hurry to rent work spaces, and even existing contracts may not get renewed.

As Ankit Sachdeva, chief growth officer of Co-Offiz, put it, “People are not coming to our space due to the lockdown and we see no new business conversions any time soon”.

Bills still need to be paid
- Coworking companies will still need to pay rent for the spaces they’ve hired; utility bills will still need to be paid.
- Safety and hygiene will need to be maintained for the spaces to remain suitable to work in, which entails costs.
- Payroll cuts may clash with government directives.
Social distancing and hygiene norms will increase costs

Even when the economy does revive, and businesses start returning to coworking spaces, social distancing norms will reduce scalability.

For example, teams may not want to go for ‘hot assets’ (from before), and renting entire desks and rooms may price a section of firms out of the market, shrinking the client base.

Apart from that, hygiene norms like making sanitizers available throughout the facility will increase costs.

Some positive developments for the coworking sector in India, post-covid19

However, it is not all doom and gloom.

At least one major investment has come in

On April 23rd, Investors Clinic and Kocreate announced their intention to invest Rs 10 crore in a coworking joint venture.

They expect demand for coworking spaces to pick up once lockdowns are eased, and especially after the pandemic is resolved.

Their intention is to partner with a few builders who have been struggling with funding over previous quarters.

These spaces are expected to be state of the art, AI-enabled and covid-19 compliant

India’s startup ecosystem will endure
- Before the covid-19 disruption, India’s startup ecosystem was estimated to generate up to 12.5 lakh direct jobs by 2025.
- While covid-19 has definitely ravaged businesses in the short term, this too shall pass.
- In fact, many experts believe the recovery will be quite quick.
This means that the medium to long term growth projection of India’s startup ecosystem remains more or less on track. And that will obviously be a big boost to the coworking sector in India.

Larger firms may want access to coworking spaces

Larger firms may want to have access to multiple work sites, so that if one location is compromised due to an infection, other locations can carry on.

Coworking companies can try to tap this demand.

In fact, this is not a wild assumption.

Neetish Sarda, founder, Smartworks, said “Corporates have informed us that they do not want to spend a significant amount of capital to open new offices, they want more flexibility” in an interview.

Some steps coworking companies in India can take

Coworking companies can take some steps to stave off the damage from covid-19:

Form and widen an industry association

A number of coworking companies have indeed decided to form an industry association.

Known as the Indian Workspace Association (IWA), it includes more than forty coworking companies across India.

More coworking companies should join the industry association, to make it as broad-based as possible.

Such an association can:
- Formulate industry-wide policies.
- Help smaller players plan their operations and growth.
- Take up industry causes with the government and other relevant players.
Seek help from the government

In a free market economy, intervention from the government is generally best avoided.

However, this is an unprecedented situation; one that calls for unprecedented actions, including asking for governmental intervention in the form of
- Expediting tax refunds.
- Necessary relief on rent, utility, and payroll obligations.
- A dedicated credit guarantee scheme.
Use market research and analytics to offer more facilities

Coworking companies will need to invest in market research and analytics to understand the demand for facilities, and offer those.

Also read: Coworking Space – Facilities and Benefits

Local trends will have to be understood and steps taken to redesign available spaces accordingly.

Partnering with other service providers

Coworking companies can partner with business incubators, accelerators, and other relevant business service providers to provide more rounded solutions to work requirements.

To sum up, amid all the doom and gloom, it is important to remember one thing. Remote working is not a new thing; and coworking has coexisted with remote working for years and years.

The same will happen for working from home.

After all, the community of people from diverse businesses that a coworking space provides cannot be replicated in a work from home scenario. And such a community is necessary to keep spurring innovation and disruption.

Finally, coworking spaces can try to transition from providing only work space to providing complete growth solutions to businesses, in partnership with related services.
May 9, 2020
Best Coworking Spaces in Bangalore

A Coworking Space is a place or office where Professionals, Entrepreneurs and Freelancers work together on their projects. There are many companies available that provide coworking space for individuals and startups at affordable fees. All the best coworking space provider is popular because of their additional and unique amenities.

In India, the boom of coworking space has increased massively because of the startup era. Coworking spaces are just like an office where you can work with like-minded people and take advantage of wifi with high-speed internet, cafeteria, conference rooms and many more. If a startup is looking for a building to run a personal office then can certainly consider coworking spaces.

Bangalore is one of the best cities for entrepreneurs and startups. It is considered the biggest IT Hub in India. As per data for all the coworking spaces in India, Bangalore accounts for 32% of spaces which is more than Mumbai, Gurgaon, Pune, Hyderabad and Delhi. These coworking space providers in Bangalore leased a total of 8 million square feet across India in 2019.

If you are a professional, freelancer or entrepreneur looking for a work environment to avoid isolation while working at home, then you should go out and visit any of the nearest coworking spaces as they provide all necessary facilities for startups. Some of these coworking spaces also provide mentorship and consultancy services. These are the top Coworking space that you can consider in Bangalore.

Top Coworking Spaces in Bangalore

Awfis
91Springboard
CoWrks
Banglore Alpha Lab
Bangalore Coworking Hub
The Hive
CoWork Cafe
CoWorkIndia
GoodWorks CoWork
Incubex HSR1
Investopad
IShareSpace
Jaaga
NUMA Bengaluru
Regus
Social Offline

Awfis

Membership Fees: INR 500-850/day depending on location.‌‌
Specialty: IoT and NFC based access, VC facility and CCTV coverage

Awfis Logo

Awfis is an affordable, tech-enabled, collaborative, high energy co-working space for startups in Bangalore. Awfis was founded by Amit Ramani in April 2015. You can books rooms for meeting and work desks “Just-in-time” to enjoy a hassle-free and productive work environment. There are so many facilities that the coworking space provides such as high-speed internet, food and beverages, printing credits, LCD, storage, mail, and package handling, etc. to improve the work environment. There are 9 campuses for the people who are looking for coworking space in Bangalore.

91Springboard

Membership Fees: INR 449/day and INR 6499‌‌/month
Specialty: Community events, kitchen, free coffee.

91Springboard Logo

91Springboard is a coworking community which is created with a startup mindset to help startups, freelancers and business owners to grow their business. Being a member of 91Springboard startups and businesses gets a lot of benefits. 91Springboard provides a coworking space with 24×7 office-infrastructure support. They also offer key service providers, knowledge sharing & collaboration and networking. Let’s talk about facilities you get access to high-speed internet, conference rooms, photocopy/print/scan, network with the startup community, free or discounted access to events, mentor network etc.

CoWrks

Membership Fees: ‌INR 3000-10000/month
Specialty: Outdoor Terrace, Swimming Pool, Lounge or a Chill-out Area

CoWrks Logo

CoWrks is a coworking solution provider that helps businesses of all sizes by building workspaces for them. It is located in Ulsoor Bengaluru, Karnataka. CoWrks provides so many facilities such as fuel bar, phone booths, discussion booths, lockers, print station, Wi-Fi, parking, telephone, mail and package handling, virtual receptionist, event spaces, community lounges, conference rooms, breakout spaces, security, and housekeeping. Besides, CoWrks also offers some other features including Activ – an integrated health club, amphitheatre, 46 F&B retails outlets, and an art gallery.

Banglore Alpha Lab

Membership Fees: INR 250.00/day and INR 4000.00‌‌/month
Specialty: Get access to Personal lockers

Bangalore Alpha Lab Logo

Bangalore Alpha Lab was founded in 2013. There are two coworking spaces in the Alpha Lab Network in Bengaluru one is Bangalore Alpha Lab – JP Nagar and the other one is Bangalore Alpha Lab – Koramangala. From these two coworking spaces Bangalore Alpha Lab – JP Nagar is the bigger one in the Alpha Lab Network in Bengaluru. It has conference and meeting rooms, internet, storage space and some other facilities. At this coworking space, entrepreneurs can collaborate via tech devices, find mentors and even launch their startups. At Bangalore Alpha Lab you can also arrange tech meet-ups and gatherings for your startup. When it comes to mentorship this coworking space offers tech mentorship, marketing mentorship and business mentorship. There are many more things that are offered by Bangalore Alpha Lab like entrepreneurs can partner with legal partners, accounting partners and also video production professionals.

Bangalore Coworking Hub

Membership Fees: INR 3800/month
‌‌Specialty: Availability of Terrace Lounge

Bangalore Coworking Hub

Bangalore Coworking Hub is a ready-to-use plug and plays shared and virtual office space with flexible office configuration. Bangalore Coworking Hub is situated in a prime locality in HAL 3rd Stage, Bangalore. This Bangalore based coworking space has many facilities for a business of different sizes, professionals, ergonomic workstation furniture. It also has pantry facilities with tea, coffee, snacks and two types of meal North Indian and South Indian with minimal charge. Startups can also take advantage of high-speed internet connectivity, power backup for up to two hours for your desktops and laptops, employee parking space, daily cleaning services of the office and common areas, inbound and outbound mail/package handling.

The Hive

Membership Fees: INR 7500/month
Specialty: Availability of Skype Room, Makerspace, Personal Lockers.

The Hive logo

The Hive offers fully equipped workspace with 24×7 access, round the clock security, WiFi experience, UPS and generator backup, open office environment, laser printer, scanner, unlimited coffee & tea, games room, events area, terrace garden, conference rooms, and lounge facilities to the occupants. It is India’s largest collaborative workspaces with 100,000 Sq.ft. of dedicated collaborative space integrated into VR Bengaluru, which provides shared and private office spaces and attached suites & residences, fitness club, spa & salon, rooftop pool, lounge bar and microbrewery.

CoWork Cafe

Membership Fees: ‌INR 4000/month
Specialty: Kitchen, Ergonomic Chairs for seating.

CoWork Cafe Logo

CoWork Cafe is a coworking space situated in Kaikondrahalli, Bangalore. The coworking space provides many facilities that you need to grow your startup. CoWork Cafe offers meeting rooms, access to events, super-fast internet connection and other IT services. CoWork Cafe runs in India, US and UK shift and startups can take advantage of all the benefits all day.

CoWorkIndia

Membership Fees: ‌‌INR 300/day, INR 5235/month
Specialty: Availability of kitchen, ergonomic chairs for seating and free parking on-premise.

CoWorkIndia – HSR Layout, Bengaluru

CoWorkIndia is a coworking space provider located in HSR Layout, Bangalore. CoWorkIndia provides so many facilities to the budding startups such as electricity and back up power, internet connection with broadband and leased line, pantry for anytime snack or meal, office boy, furniture, ergonomic chairs with full mesh back, whiteboards & notice boards, discussion rooms. Companies get 24 hours of the work environment in CoWorkIndia.

Evoma

Membership Fees: ‌‌INR 400/day, INR 5500/month
Specialty: Availability of Co-living accommodation and onsite cafe

Evoma Business Center, Bengaluru

Evoma was founded 14 years ago to provide coworking space to the Whitefield residents near their homes. It is situated in Whitefield, Borewell Road in front of the Whitefield Post Office. If you are a startup or a corporate team who is looking for a charming and productive coworking space in Bangalore then Evoma can be the affordable solution for you. You can use video conferencing, audio conferencing, plug and play offices, legal support, accounts support, to an on-site health club, luxury accommodation and other facilities as needed.

GoodWorks CoWork

Membership Fees: ‌INR 450/day, INR 7000/month
Specialty: Host space for TEDx, onsite cafe, personal lockers and many more.

GoodWorks CoWork Logo

GoodWorks CoWork was founded in 2017. Recently, GoodWorks CoWork has signed up a 200-seater space. They launched this space in Jan 2018 which is also get nominated for the Best Office Interior Award by NDTV Design Awards. The coworking space is located in Whitefield, Bangalore. GoodWorks CoWork studio is an innovation hub for startups. It provides various facilities including mailbox service, high-speed internet, mentorship, conference rooms, private decks, group events, snack bars etc. GoodWork Co-works is offering access to various core services for entrepreneurs, such as marketing, accounts and finance consulting, HR and recruitment, tech consulting, design, UI&UX consulting etc in addition to other facilities.

Incubex HSR1

Membership Fees: ‌‌INR 6500/month
Specialty: Kitchen and free coffee

Incubex Logo

Incubex was launched in 2014. The coworking space provider is located in Plot No. 102, 5 & 6, 17th Cross, 6th Sector, Near BDA Complex, HSR Layout, Sector 6, HSR Layout, Bengaluru, India. Incubex has 6 coworking offices throughout Bengaluru. Incubex also provides a great networking system where startups can build their network with experienced mentors, angel investors, specialized professionals in various fields such as media, legal, accounting and creative designers. Business hours of the coworking space are 9 am to 8 pm daily. There are many facilities that this coworking space provides such as high-speed Internet connection Wi-Fi & LAN and if you want to take a break they also offer an area to chill-out, entrepreneurs can also use the area to meet with clients. Additionally, startups get access to all the office equipment to make the work-life easier.

Investopad

Membership Fees: INR 6000/month
Specialty: Availability of Phonebooth and event space for rent.

Investopad Logo

Investopad was launched in 2014. It is located in Koramangala, Bangalore. There are many services that Investopad offers such as in-house teams and experts in digital marketing, visual & UX/UI design. The coworking space provider also provides customer service which helps startups to develop strategies. You can also get EIRs and mentors who can guide you in your startup journey as there are experts from various domain and for all stages. Investopad also offers intensive lectures, tutorial sessions and workshops in areas of design, legal and intellectual property rights and brand development, marketing, and communications and business, all the training are provided by expert faculty. There are some additional benefits that Investopad offers like audiovisual interactive event-spaces and conference rooms, super-fast fibre optic Internet with dedicated bandwidth, an extensive range of startup library resources including startup manuals, marketing guides and skill books, along professional advice from Angel investors and VCs.

IShareSpace

Membership Fees: ‌‌INR 1250/day, INR 6250/week and INR 18000/month
Specialty: Availability of Library, lounge.

iShareSpcace Logo

IShareSpace is situated in Residency Road, Bangalore and there is also a centre in Lower Parel Mumbai. If you are looking for convenient workspace options which have easy accessibility, discounted rates for business services and comfortable work environment then IShareSpace can be a good option. There are some additional benefits which entrepreneurs and freelancers can get such as networking opportunities, high-speed internet & access to printers/copiers. The coworking space is fully air-conditioned and there is an office receptionist for the whole day. There are storage space, well-equipped pantry, well-equipped meeting/conference rooms which makes it a perfect coworking space for startups. They aim to provide everything that startups need to work efficiently.

Jaaga

Membership Fees: ‌‌INR 2000/month
Specialty: Free parking on premise, outdoor terrace, beanbags for seating.

Jaaga was started in 2009 and it is the first coworking space for freelancers in India. The coworking space is located in Bengaluru and over 400 startups and professionals have grown together. Jaaga aims to provide an affordable, fun and collaborative working space to the entrepreneurs and freelancers. There are numerous benefits that Jaaga offers such as high-speed Internet, networking, peer-led mentoring and targetted programming to one of the strongest entrepreneurial communities in Bengaluru. Jaaga also offers cloud credits from AWS and IBM, hardware kitchen with 3D printers.

For starters, there is no need for deposits or contract. Besides, Jaaga also offers monthly happy hours, workshops in the areas of IP protection, design and technology, startups can organize fortnightly founder meetings too. Jaaga also promotes networking with corporates, VCs, potential employees. Full-time members of Jaaga get more benefits like vendor sourcing and selection, design sprints to fast track MVP, prototyping and testing ideas, stack-based collaboration and community engagement, and internal mock pitch sessions. Moreover, Jaaga is improving itself day by day to provide the best services possible.

NUMA Bengaluru

Membership Fees: ‌‌INR 300/day and INR 6500/month
Specialty: Events and host space for TEDx

NUMA Logo

The Bangalore based coworking space is a great option for any type of business who are looking for modern and comfortable co-working space at an affordable price. NUMA comes with many advantages as per the requirement of startups. There is a philosophy for which NUMA stands for that is there is a team of hardworking people behind every great project. Freelancers and startups can easily form a community here. NUMA is located in 5th floor of NUMA Bangalore and the coworking space is open six days a week.

Regus

Membership Fees: ‌‌Starting price INR 7000/month
Specialty: Availability of event room or meeting room.

Regus Logo

Regus is a coworking space in Bangalore which offer a professional environment to all. The coworking space offers many facilities at an affordable cost like high-speed Internet and WiFi connectivity, office equipment without capital or maintenance expenses, flexible payment schemes, meeting rooms, video communications and lounges, all IT and telecoms set up. The shared offices of Regus come with many additional benefits such as access to a communal kitchen and break-out areas. There is also a receptionist to assist the startups throughout the day. The coworking space offers both hot desks and reserved spaces for rent. Regus has fully set up workspaces, you just need to sit and start working.

Social Offline

Membership Fees: Starting price INR 5000.00/month‌‌
Specialty: Get access to free WiFi, lockers and stationery.

Social Offline Logo

Social Offline is one of the coolest coworking space in India. It is located on the Church street which is in Cubbon Park, close to Mahatma Gandhi Road train station the centre of Bengaluru (Bangalore). There are many food options and cafes available. Social Offline combines both café and coworking space and this is what makes it cool. There are many facilities that Social Offline space providers such as room facilities, super-fast internet, printers and scanners, as well as a vast open plan work area with many comfortable couches and chairs. It’s a great place for members to work, socialize and collaborate. Social Offline also have a gaming area which is equipped with PlayStation4, where you can have a lot of fun with your coworkers in lazy days.

Conclusion

This is our list of top coworking spaces in Bangalore. Some of the coworking space is affordable and has flexible plans but each coworking space is best because of their unique amenities. If you are looking for a calm work environment then pick your laptop and head over to the nearest coworking space. We will try our best to keep this list of top coworking spaces in Bangalore updated.

Hope you liked this list, let us know in the comment below if you want to suggest any other coworking space.

November 24, 2019
Tips To Launching Your Co-working Space
As an entrepreneur, belonging to a co-working space can be a stepping stone to your growth. A co-working space refers to a place where you meet with other entrepreneurs to work on a project together.

A co-working space brings together people from different industries. Thus, it increases the chances of creative brainstorming. As such, its popularity has been growing over the years. How do you launch an authentic co-working space in Bangalore?

Tips for Launching Your Co-working Space in Bangalore
1. Research
  Do not assume that just by creating supply demand will increase automatically. Some areas in Bangalore do not embrace the idea of working together. Thus, starting a co-working space in such areas may not yield positive results. You should properly research and assess the demand for a co-working space first. Host several events or create a Facebook group and get as many group members as possible. You will then have a platform where you can bring up the idea, and later analyze feedback.
2. Be precise on your goal
  Most businesses prefer meeting points that are in well appointed environments. This can be quite expensive. Hence, you need to decide how much you will charge based on the ambiance you create. The advantage of such an environment lies in its ability to spark creativity.
  You need to plan if you need it to be an inspiring place, or just a profitable co-working place, or something that offers both. Come up with a budget to understand your expected expenses, or work with a service provider who specializes in creating such spaces. GoFloaters, a coworking space platform that operates in Bangalore, provides extremely affordable spaces on hourly, daily, weekly and monthly plans.
3. Appropriate location
  In Bangalore, a co-working space is usually in an underutilized, old building. The place should be secure and easily accessible. An old property will help you get a good deal at an affordable cost. The location should also be convenient for all members of the team. It is therefore recommended to go for a place that is easily accessible by public transport.
4. Provide utilities
  After getting a suitable space, you need to fill it with all the necessary items that members would want. You need to have some essential items, such as tablets, computers, and furniture. Also, you may need a cafeteria or a pantry section. People need an energy boost to think clearly and be more productive.
5. Get a website
  Today, technology gets incorporated into almost all business activities. You should start a website for your co-working space. It is an opportunity to tap your potential members on the back and talk to them about your idea. Put all the necessary information on the site. Include the pricing, contacts, and membership information.
Summary

Coworking spaces in Bangalore provide an incredible service. They allow you to learn from the operation and growth of the groups around you. The above steps can guide you in the right direction if you’re planning on launching your own coworking space in the future.
August 19, 2019