You can hardly predict some cancers before it grabs the whole body to an extreme stage. Basically, hyperinflation is a wolf under the sheepskin. The news, the experts, the cunning industry, and even the government may hide the truth to protect the aftermath. Many companies employ a widespread technique to convince the consumers that costs are stable, even though you’re paying more for less weight with the same packaging. Hyperinflation is a negative catalyst that may act slowly but steadily to summate long-term accelerating inflation. So, we will go through 7 case studies of hyperinflation-affected countries of all stages (growth, maturity, and decline) in the economic graph.
Hyperinflation is a terrible stage of uncontrolled inflation with a sustainable panic of supply shortage despite paying more. A country has to face the problem when it has enormous national debt, declining foreign reserves, and long-term political uncertainty. In external events, such as war, and lack of global confidence in the economy, worldwide pandemics push the problem to a negative slope. A government will fund its reaction to the crisis by taking on debt, but it can’t afford services and releasing additional money in the market to make up the difference. Twitter co-founder Jack Dorsey’s tweet at the end of October 2021 fuelled the panic of hyperinflation across the US amid the tough time of the pandemic.
Global Inflation Rate from 2016 to 2021
Countries that Faced Hyperinflation
Hyperinflation is a dreadful state of condition for any country. The following are some prominent countries that faced hyperinflation and the reasons behind them:
Russia
The world’s second-largest arms and crude oil exporter, Russia is heading towards significant inflation, possibly a burst into hyperinflation. The economic data coming out during the Ukraine invasion is not very healthy. Apart from the war, the Kremlin is fighting with an internal three-point trap triangle of (hyper) inflation-pandemic sanctions. As per reports, the Russian regulatory bank called CBR raised the interest rate by 20% to save the ruble from the western red eye of sanctions. As a result, the ruble tanked at a record low of 25% this March.
Amid fear of losing oil and arms export hegemony, the country faces isolation from the West and the US. Investors are trying to get into a safe escape. Many billionaires shut down their business operations as a protest. The economy is being drained of cash. One month down the line of conflict, Moscow enrolled with 3.5 lakh Ukrainian refugee shelter houses, and inflation zoomed up 15.66% this March-end, expecting a 20% fear of inflation in this financial year as per a central bank survey. SWIFT system and payment card firms are ceasing operation in Russia, which is a significant setback for the country. The CBR is struggling to control capital outflow( movement of an asset out of a nation), escalated by the record-long shut down of the Moscow exchange.
Moscow’s financial advisors have shown public confidence to revive their internal banks with additional reformation. It will take some time to confirm the post-invasion period Russia copes with the odd or cross the red inflation line to join the hyperinflation club. Though, as per experts, it has intense symptoms of hyperinflation.
Russia’s Ukraine Invasion
Iran
In March 2022, the Statistical Centre of Iran (SCI) reported an annual inflation rate of 40.2%. The Islamic Republic owned 10 % of the world’s oil, 15-17% of its gas reserves, and 7% of its minerals. So then, why is Iran also sinking towards hyperinflation? Literally, Iran has everything for cooking except the cook!
Weak diplomacy also pushed EU and US sanctions on energy, tech, financial service, and foreign trade. Iran’s president asked its central bank to stop releasing data as it is higher than the SCI tally. Diplomatic gaps weaken the trade deficit.
The country is suffering from basic needs like water. Protesters rioted in Tehran’s streets, resulting in deaths and arrests. The country is accused of state-sponsored disinformation, a dangerous trend to hide the disease rather than treat it.
A silver lining of hope is raised after the US Congress gets its new president from the democratic party in January 2021. Iran is trying to get the Indian market oil with a rial-rupee deal. The US-Tehran has shown some positive signals of melting down relations with the nuclear deal ahead of the Russia-Ukraine war.
Turkey
Ankara crossed the 50% inflation red line and entered the hyperinflation zone with a 54% index as of March 2022. Despite president Recep Erdogan’s battle with the recession, the Turkish people have not achieved a new normal since 2018. His equation to fight inflation is lowering the interest rate. Unfortunately, his flawed policy slipped the currency lira to a loss in the last year. The uncontrolled depreciation of the lira has created a hugely detrimental impact on the economy. There has been a certain increase in the exports, but the following adverse consequences are more than the actual gain:
The significant drop in purchasing power is the result of devalued currency; the salary class people need to pay more lira for the same or less product. Therefore, the loss of purchasing power is a severe impediment to economic growth.
To minimize the inflation risk, Turkish banks have stopped encouraging lending to ensure less money in the market. It has no option when they are unable to raise interest. In the long run, it has an even worse effect on increasing the country’s brain drain. Foreign currency is taking a break, and investors are rushing out of the country. This leads to job or employment problems at worst.
The civil war inflicted on Lebanon’s lira is losing the battle and ending in triple-digit inflation of 215% in front of the US currency. It is enough to cripple the retail, health, transport, and fuel sector investment. With 78% poverty, the country is trying to get a good deal from the IMF. But the corruption grappled the country at such a deep level that its central bank had to face inquiry and slap from the lawsuit. The United Nations confirmed that the Ponzi scheme was a major red flag behind the economic meltdown. Beirut tried to reshape its economy with tourists to the Gulf help. But in 2011, the neighbouring Syria unrest put the country in financial collapse again. In the meantime, the Hezbollah-Iran tie miffed some major gulf countries.
The fall of money was fuelled by the central bank’s direct financing of the government’s public deficit during the civil war. As a result, money has entirely lost its essential rules and everything that made it a reliable store of value. The Govt, despite a defaulter of foreign debts trying to survive with the help of the World Bank and IMF. Another good news is, recently, the new Lebanese govt got a ‘positive outcome’ certificate from the Saudi kingdom. Hope it will improve their credit pipeline.
Sudan
After a military coup, riot, and political uncertainty, the East African nation is more chaotic; debt-trapped Sudan announced it would float its currency as economic conditions deteriorated. According to United Nations officials, Sudan’s food crisis is expected to drop due to the African country’s economic collapse, displacement, and ruined harvests. After the military took over the US, IMF and World Bank suspended their million-dollar aid and SDR (special drawing rights of IMF). Another setback is that the separate region of South Sudan holds 75-80% of oil production in the Upper Nile state.
Since 2016, the country has faced a lopsided economic downturn, covid and coup pushed it on the verge of catastrophe. With the shrinking GDP of 2020 by 3.6%, the country summed up the cycle and added a 359% inflation rate. World food program data warned that about 5.8 million people suffer food shortages and malnutrition. In the current scenario, the political paralysis of Sudan is a significant issue of hyperinflation and food shortage. Moreover, it blocked the foreign fund in the African nation.
Inflation among countries
Zimbabwe
Are you fed up with hearing about hyperinflation in different countries? Here is Zimbabwe for you with a ray of hope. The government had robust growth of 838% inflation in July 2020, and now, there is a significant drop at 50% in August 2021. During this challenging time of pandemics, war, and sanctions, it is not easy to revive the economy from hyperinflation in such a short period. Chronic symptoms of hyperinflation are coming out like lower growth, hunger, a debt-driven economy, low income, jobless youth, and collapsing health sector. It was not fun when the African bread bucket turned half of the population into a beggar.
It was a tough time for the drug-addicted, debt-ridden country when it was announced as having the highest inflation rate in 2019. With a fast depreciating currency and hyperinflation nearing 800%, most commoners watched their hard-earned money turned into a paper bunch. The country suffered 90% unemployment which coerced University graduates to sell vegetables in the market. The confused Reserve Bank of the country introduced a bond note with a 1:1 value against the dollar, but the market doubt was fainting its importance rapidly. In 2019, the Reserve Bank announced RTGS$ and banned foreign currency in domestic transactions.
Pandemic norms encourage digital payment worldwide, and it was reshaping the economy of Zimbabwe. It pushed the RTGS to POS transactions. EFT(Electronic Funds Transfer)and the Card payment system showed robust growth in 2021. Thus, it saves money printing the ‘need’ of a hyperinflationary economy. The rural part also enjoyed financial inclusion (finance access to the poor class), and the govt can track them with the tax system. The untapped section is directly under the payment system. Online transaction access to the internet among youth generates various business ideas worldwide. Bitcoin and crypto came to the discussion table of policymakers.
Venezuela Inflation Rate as Compared to Previous Year (by Statista)
The South American Country seems to be the king of the hyperinflation kingdom without any competitors nearby. In 2018, it reported 65,374.08% inflation, which means people need to carry money in a car dicky for daily retail shopping. A bunch of cash becomes useless in the economy. In the same year, 48k teachers left the country (remember, they are not sacked) to relocate to neighbour-based countries for livelihood.
There was a mass exodus in the middle of 2018. About 4 lakh people left the country, and it was not for armed conflict but terrible hyperinflation. Among the country’s top human resources, doctors, professors, and IT professionals were fleeing the country, leaving unfilled posts. The country faced mass blackouts, and people used candlelight or cell phones during an emergency. The country dried out of medical supplies and doctors; patients had to wait for half a year for an emergency operation.
Critics blame policies of socialism. Experts accused the country of suffering from printing money and a fiscal deficit. Once known as the giant supplier of crude oil, the comfort of the oil zone hit back Venezuela in 2014 after oil prices fell continuously. Since 2014 the country has shown a significant drop in GDP in negative growth.
There is a thin sign of revival in 2021; Venezuela reported a surge of the foreign reserve by $5.1 billion. The country’s central bank claimed to curb inflation by ‘only’ 686% for the same year, a great short-term relief.
Conclusion
Here we did not consider the crisis-hit Sri Lanka or war-torn Ukraine. Moreover, since August 2021, Afghanistan has been out of the internal statistical audit.
Therefore, there is a high possibility that the hyperinflation club will get new members. On the other hand, controlling hyperinflation is far more difficult due to the enormous political cost of the typical solutions. In reality, one reason that can turn inflation hyperinflationary is the populist administrations, which are being trapped in a situation where they cannot make practical efforts to reduce inflation.
It is better to control it in the inflation stage. So, the policymakers or government need to take some bold and reformative steps to prevent the money flow in the economy. It also needs diplomatic efforts, so that the countries can avoid printing $100 trillion notes like Zimbabwe.
FAQs
What is hyperinflation?
Hyperinflation is extremely high and rapidly increasing inflation. It is said to have occurred in an economy when the prices rise over 50% in one month due to economic disturbances and depression.
What causes hyperinflation?
The main causes of hyperinflation include:
High National Debt
Price control that leads to an increased shortage
Economic output decline
Lack of faith in government
Which countries are facing hyperinflation?
Venezuela
Sudan
Lebanon
Iran
Zimbabwe
What is a healthy inflation rate?
A healthy inflation rate is 2% which is considered good for economic growth as in this situation, people are more likely to make purchases in the present rather than wait when they expect prices to rise.
Bangalore has gradually evolved from being the Garden City to the Silicon Valley of India. Being the centre of the country’s high-tech industry, it is on the verge of development. Coworking Spaces/Shared Office spaces are something that evolved with the need of the hour. It is an arrangement of sharing office spaces more productively and rationally. It not only saves costs but also provides convenience in terms of infrastructure and additional amenities. Find the list of top Coworking Spaces in Bangalore along with their pricing plans and additional facilities. The shared office space in Bangalore can have a significant impact on your business.
The city of Bangalore is widespread in varied coworking spaces with various facilities and work cultures. An attempt is made here to explore some of the coworking spaces in the city with a touch of detail and an overview of the same.
Top 30 Coworking Office Spaces / Shared Office Spaces in Bangalore
WeWork offices have a universal atmosphere. It is one of the best coworking spaces from the list of best coworking spaces in Bangalore. Whether you’re an established enterprise or a premature startup, your office space will drive your business forward. The choice of the right office space is essentially based on the requirements and cost of the concern. WeWork offers varied office spaces for rent to shared workspace in a communal atmosphere. It provides private offices, office suites, desks, meetings and discussion rooms and also sets up a headquarters. Some of the enterprise members include Spotify, HSBC, Pinterest, Deloitte.
WeWork – Pricing
The price structure of WeWork ranges invariably depending on the location, business requirements and the number of people. It can range from Rs. 5000 – Rs. 25000/month. For an in-depth view of pricing packages, their official site can be visited.
WeWork – Features
High-speed internet facility.
Full-fledged kitchen.
Security and Maintenance.
Streamlined billing process.
Events & conferences.
On-site support.
Flexible membership agreements.
Members’ network.
And many more. There are also add on facilities based on the location.
WeWork is spread across various locations in Bangalore, which includes – Bellandur, Koramangala, Marathahalli, Bannerghatta, Hebbal, Embassy golf links, Old Madras Road, etc.
BHIVE Workspace
BHIVE Coworking space in Bangalore
BHIVE Workspace is one of the top coworking spaces in Bangalore and it offers options not only for coworking but also helps in setting up one’s own office. It is spread across hundreds of thousands of square feet of commercial space which are offered in varied forms of office space such as customized furnished office, single desk, coworking space and a bare shell building. The main feature that sets it apart from various other coworking spaces is that it is budget-friendly i.e. one can enjoy the amenities and services of BHIVE based on their budget without much of a hitch. It positions itself as a zero brokerage office leasing platform.
BHIVE – Pricing
Facility
Range (In Rs.)
Shared Desk
5000 – 10000/month
Day pass
350 – 700/day
Meeting rooms
400 – 2000/hour
Coworking
4000 – 10000/Seat/Month
Furnished and customized office spaces
Based on sq. ft.
The prices are subject to vary based on the locations, amenities and taxation. To get a better quotation, it is worthwhile to contact the coworking office and get more information on the same.
BHIVE – Features
High-speed internet facility & WiFi-enabled premises.
Food & Beverages.
Security and Maintenance.
Meeting & conference rooms.
Full-fledged kitchen.
And many more. There are some special benefits for BHIVE members as well.
BHIVE is operational in various commerciallocations in Bangalore such as HSR Layout, Koramangala, Indiranagar, Residency Road, MG Road, etc.
Bangalore being a thriving market of entrepreneurial activity, the coworking spaces of 91SpringBoard are designed as fully furnished shared office space, where you can develop a network with people from varied backgrounds and experiences. It is the best coworking space in Bangalore and also conducts various events that help members in building networks. It not only provides coworking spaces, but also HR, Design and Accounting services, legal advice, digital marketing advice, etc.
It is expanded to various locationsacross Bangalore including Koramangala, MG Road, Indiranagar, etc.
91SpringBoard – Pricing
The pricing differs based on the location and services required. The prices may vary from Rs. 500/day – Rs. 12300/month. Detailed information can be obtained from their official site and contacted accordingly.
Bangalore Alpha labs are dynamic. The ambience of the space boosts up an air of inspiration in the minds of people. It aims to create a vibrant community of entrepreneurs, freelancers and startups. Their startup packages aim to help with branding and building the company. Privacy being the main concern of many, it also has amenities for private office cabins and conference rooms that can be rented on an hourly basis. The chances to work and collaborate with many others is high. These labs are located near Koramangala and JP Nagar in Bangalore.
Bangalore Alpha Lab – Pricing
Plans
Price
Private office
Rs. 20,000/month
Guest Access
Rs. 1000/month (5days)
Virtual membership
Rs. 1000/month
Full membership
Rs. 4000/month
Hot Desk / Open plan
Rs. 250/day
The prices are subject to changes based on location and any external or internal factors.
Bangalore Alpha Lab – Features
High-speed internet facility.
Flexible seating.
Security and Maintenance.
Mail handling.
Lounge/Chill-out area.
Refreshments & storage facility.
Various Membership benefits.
Bangalore Coworking Hub
This coworking space in Bangalore provides varied amenities that cater to the needs of its clients. It aims in providing collaboration and networking platforms to its diverse clients which would include consultants, freelancers, startups, and emerging businesses. The striking balance between work and freedom to explore new ideas is achieved by this coworking space. It is located near HAL in Bangalore.
Bangalore Coworking Hub – Pricing
Plans
Price
Night membership
Based on availability
Part time/6-weekdays
Rs. 1500/month
Conference rooms
Usage basis
Full membership/monthly pass
Rs. 3800/month
These prices may vary based on availability and usage basis. Some services may differ based on the type of membership availed.
Bangalore Coworking Hub – Features
High-speed internet facility.
Employee parking space.
Security and Maintenance.
Mail handling.
Pantry facilities.
Workstation furniture.
Virtual office space.
Coworks
Coworks – Coworking space in Bangalore
Coworks provides a completely customizable office space that suits the clients’ needs. One can access diverse facilities from private studios, flexible desks to custom-built office spaces. To seek an office address in the heart of the city with access to business hubs, airports, their six centres are strategically located across the city which includes Indiranagar, Yehlanka, Eco World, Koramangala, Residency Road and Whitefield.
Coworks – Pricing
Coworks charge a flat fee based on features that allow you to budget and scale. No per member pricing. No complicated wifi or hardware contracts. No hidden fees. Just pay for the tools you need.
Innov8 offers exquisite and beautifully crafted workspaces, where any individual or a team can connect to many, collaborate, and create an extensive community. It hosts people from diverse backgrounds such as entrepreneurs, freelancers, employees and startups enthusiasts.
Innov8 is located in Koramangala which is a centre for many budding startup enthusiasts, young minds and an extensive network of relaxing zones nearby.
Innov8 – Pricing
Requirement
Starting price/person
Fixed Desk
Rs. 10499/month
Meeting room
Rs. 800/hour
Hot desk
Rs. 5999/month
Private cabin
Rs. 16599/month
Multi-utility space
Rs. 2000/hour
Flexi pass
Rs. 3999/month
Innov8 – Features
Meeting rooms.
Recreational zone.
Lounge area.
Cafe.
Pleasing ambience.
Community events.
Social Offline
This is another Best Coworking space in Bangalore. It is termed as a perfect blend of office and cafe. It combines play and works together. When you’re bored or just want a chilling and relaxing time, you can head towards the gaming area which is equipped with Playstations and many more. In addition to that, there are meeting rooms, high-speed internet, vast open play-work area with comfort enabled couches and chairs. This place also has an exquisite bar that offers a variety of delicacies and beverages.
This is a perfect place for anyone who wants to socialize and collaborate. It is located near Church Street in Bangalore.
Socila Offline – Pricing
Membership fees are around Rs. 5000/month/person. Details regarding private office and meeting rooms can be directly enquired based on availability and usage.
Awfis has become an integral part of the exciting journey of developing an innovative atmosphere for entrepreneurs by providing affordable and collaborative workspaces. They believe in the concept that startups need much more than just spaces, thereby innovating the concept of ‘Pro working’, which focuses on People, Proximity and Performance. They enable one to make just-in-time bookings for meeting rooms and work desks. One can enjoy a flexible and convenient work environment.
It is spread across various locations in the city, thereby providing the scope of doing business from a wide choice of prime locations in the city. It includes Indiranagar, Whitefield, MG Road, Outer Ring Road, Hosur, Adugodi, Residency Road and St. Marks Road.
Workshaala is like startup offices in Bangalore. It is a great place to experience productive workspaces with quality infrastructure and flexible office plans. It is committed to providing vibrant working spaces where ideas are born, nurtured, and transformed into a growing business. The core values that Workshaala abides by are quality of services, flexibility and ease of customized options and transparency in its working.
Workshaala – Pricing
The price ranges from Rs. 400/day – Rs. 18000/month based on the location and requirements.
It is spread across various locationsin Bangalore. This includes – Banaswadi, Koramangala, HSR NR Tower, HSR Sector 4 and Sector 3.
iKeva
iKeva offers a diverse community that offers benefits to businesses and entrepreneurs. It has been significant in establishing the concept of serviced offices and coworking places. They offer private cabins, meeting rooms, coworking spaces and virtual offices. It is located near Marathahalli and MG Road in Bangalore.
iKeva – Coworking space in Bangalore
iKeva – Pricing
The pricing varies from Rs.2500/month – Rs.9000/month based on services required.
iKeva – Features
Wi-fi access.
Power backup.
IT support.
Plug and play office space solutions.
Regus
Regus office space has a range of benefits that are designed to enable a business to flourish. The Regus community events, office suites along exclusive discounts from top brands in the Regus Marketplace is something that can be taken advantage of. You can also get access to a communal kitchen and chill-out zones. These offices are situated in the prime locations of the city which includes areas near Hosur Road, UB City, World trade centre, Embassy golf links business park, Brigade Road, and many more to cover.
Regus – Pricing
The pricesare based on location and the type of space needed like coworking, office space, virtual office, meeting room, membership, etc.
Kafnu is designed to encourage community interaction with an event area that holds private networking events, workshops, sessions with the speaker, etc. There are meeting areas with industrial and biophilic design, a morsel that is inspired by regional cuisines and a private office for personal and secure business conduct with sound insulations. All in all, it has a pleasing ambience that sparks enthusiasm and creativity. It is locatednear the Residency Road in Bangalore.
Kafnu – Pricing
The pricing varies depending on the desk and office that you want to choose, the number of people and time duration.
Kafnu – Features
Community network & events.
Flexible dining options.
Tech support.
Opportunity to host corporate meets and events.
Pleasant atmosphere.
Evoma
Evoma provides a combination of business incubation and collaborative office spaces. The atmosphere of this place suits the business doings. It offers video conference suites, a coffee cum bar shop, a restaurant, a collaborative workspace, and a health club that is sophisticatedly structured.
Evoma – Office for rent in Bangalore
Evoma – Pricing
The prices vary from Rs. 1500 – Rs. 4000/month based on need and requirement. It is located in four major areas in Bangalore i.e. Marathahalli, KR Puram, EPIP Zone Whitefield and Borewell Road Whitefield.
Investopad believes in allowing emerging leaders and entrepreneurs to develop their skills and access to business opportunities. Workspaces designed by Investopad caters for collaboration and offers a congenial work environment. It is the most flexible and stable place that one can experience in the city. It is located in the prime location of the city i.e. Koramangala.
Investopad – Pricing
Plan
Suitability
Price Range
Flexible
Suits small teams (Basically find an empty desk and start working)
Rs. 6000 for 30 days
Dedicated
Perfect for large teams (Permanent seats)
Rs. 8000 for 30 days
Commuter
Suited for individuals, freelancers, and digital nomads
Commune Coworks, is the place where you can draw designs, take calls, have brainstorming sessions with the support of tech and projectors. Commune accepts workers of varied genres, it has a well-designed dedicated space for conducting workshops, a shaded terrace, and a studio that helps stimulate a person’s mind by inducing productivity and creativity. All in one it has a pleasant working environment. Commune is located in the startup zone of the city i.e. Koramangala.
Commune Coworks – Pricing
Plan
Price
Individual hot desks
Rs. 7999/month
Dedicated desks
Rs. 11999/month
Private cabin
Rs. 12999/month
Day pass
Rs. 500/day
Commune Coworks – Features
Fully Equipped kitchen.
High-speed internet.
Training room.
Event spaces.
Security and maintenance.
Community membership.
Personalized lockers.
NUMA Bangalore
NUMA is an all in one package for any budding entrepreneur. It not only provides dedicated office spaces, meeting rooms, conference rooms, event spaces, private cabins but also spreads its services to startup acceleration and innovation.
Startup Huts understands the need for dynamism and thus provides two options within the coworking space. You can either choose a flexible space where you can share your space with others as well or you can go for a dedicated coworking space, which will exclusively be for you and your team. It offers a satisfied and full package to the budding entrepreneurs i.e. from registration of the company to mentoring and tech support. The conference rooms, lounges, dedicated cabin space, cabin walls, and desks are strategically placed to provide an effective and productive work environment. All in all, it provides a perfect ecosystem to work in collaboration.
It is locatednear Residency Road and HSR Layout in Bangalore.
Cowork Cafe is associated with providing the most relevant and valuable services to its members. If you are a person who likes working in a peaceful and calm environment, then this place would suit you the most. The inspiring and ready to use workspaces has everything that you need to grow your venture. These workspaces are deemed to be fun workspaces that are your home away from home. They not only provide a collaborative workspace but are also into Incubation (Help with IT, HR, Accounting, Operations, Sales & Marketing needs). It islocated near Sarjapur Road in Bangalore.
Cowork Cafe – Pricing
The price for a Resident Coworker is Rs. 5000/month and for Guest Coworker is Rs. 300/day.
Cowork Cafe – Features
Lockers and storage space.
Laptops on rentals.
3G/4G dongles on rental.
Meeting rooms.
Pantry.
Power Backup.
Smartworks
Smartworks are aware of the present workforce demands and their requirements for an office atmosphere, thus they are equipped with the latest technology to provide a hassle-free environment to its clients. The infrastructure and the design of Smartworks offices infuse productivity and a better work-life balance. Gaming and chill-out zones are also set up to calm one’s mind off the loaded work and have a peaceful time with oneself along with the like-minded people around. It is located near the Outer Ring Road, Miller Road, and Ashok Nagar in the city.
Smartworks – Pricing
The prices are personalized based on the customization and services availed. It is available on request.
Jaaga is India’s oldest coworking community. It has an open and green space, so if you hate Cramped spaces, then this might be the perfect place for you. It has a collaborative community of freelancers & entrepreneurs. It is located near Malleshwaram, Bangalore.
Jagga – Pricing
The prices vary from Rs. 250/day to Rs. 20000/month. They provide Gold, Silver, and Friend membership.
Stack-based collaboration and community engagement.
Internal mock pitch sessions.
Workflo by OYO
Workflo is a fantastic workspace powered by OYO. It exudes young and positive vibes to aid you to build a company that you dream of. Workflo offers shared working spaces that are tuned to meet the day-to-day business requirements. It is designed with dedicated desks along with a private workstation or private cabin. Furthermore, Workflo also offers facilities of meeting rooms, conference rooms that are available for rent. The model from Workflo that supports your business, trendy designs, smart and viable leasing options, and affordable prices make it a primary choice for the brands and businesses of today.
Workflo by OYO – Coworking space in Bangalore
Workflo has two offices in Bangalore – Umiya Emporium, Koramangala and KR Puram, ORR.
Workflo by OYO – Pricing
Workflo by OYO is smartly priced to suit your business needs. Besides, with the Early bird offer via the latest Flexi all pass, you can opt for any centres across India at just Rs. 2999/month and Rs. 7999 for 3 months.
Workflo by OYO – Features
Centralized AC.
High-speed internet.
24×7 tea and coffee.
Meeting rooms.
Dedicated cafeteria.
Easy accessibility to printers and copiers.
Convenient car parking facilities.
Along with Bangalore, OYO’s coworking spaces are also available in multiple locations including mega-corporate hubs like Hyderabad, Gurgaon, Chennai and Pune.
Novel Office
Get what you need for your office to grow amidst the bustle of Bangalore. Novel Office is distinguished as one of the most popular office space providers in the city. It offers a diverse range of office spaces that starts from 100 sq. ft. to 10,000 sq. ft. for offices of all sizes. Therefore, with the Novel Office, you can get the kind of space that is most suited for your business. Furthermore, it also allows you to rent smart coworking spaces and business centres if you need not rent office space.
Novel offices are located at multiple locations in and around Bangalore that includes Bellandur market, Electronic City market, HSR layout market, Indiranagar market, J.P Nagar market, Jayanagar market, Koramangala market, and Whitefield market.
Novel Office – Pricing
Novel office offers desks that start from Rs. 9000/month. You can also opt for a diverse range of spaces available for hire. The rate for booking meeting rooms starts from Rs. 3500/day. For more information regarding booking and the availability of spaces, check out their official website.
Novel Office – Features
Ready to use spaces for starting immediately.
Fully furnished workspaces.
Corporate ambience.
Flexible spaces.
Cost-effective.
24×7 working environment.
Quest Offices
Quest offices are among the most reliable workspaces and office service providers operating across the country. The growing world of business demands workspaces that are tailored to their needs, and Quest offices are equipped to fulfil their changing needs and boost their businesses. Whether one needs a coworking space, business centre, meeting rooms, or infrastructure that supports virtual offices, Quest offices are the only destination to help you get them all. It is one of the best choices for large and small businesses, individuals, entrepreneurs, and remote teams.
Quest offices is located at Raheja Towers at Mahatma Gandhi Road along with numerous other offices across the country.
Quest Offices – Pricing
Requirement
Price
Office Desk
Rs. 9000/month, Rs. 100/hour & Rs. 500/day
Private Cabins
Rs. 30000/month
Meeting Rooms
Rs. 1000/hour & Rs. 6500/day
Training Rooms
Rs. 3000/hour & Rs. 20000/day
For more information regarding Quest Offices and their package, check out their official website.
Quest Offices – Features
World-class infrastructure.
Fast and powerful internet connectivity.
Smart payment options.
Multiple offices at different locations.
Well-knit with the city.
Integrated cafeteria.
Funzone.
15+ years of experience.
Spacelance
Looking for coworking spaces and offices in Bangalore? Then, don’t worry because Spacelance Office Solutions brings the best spaces for hire that will let a company get the optimum facilities. Whether one needs a coworking space or plans to set up a virtual office, require meeting rooms, conference rooms, or other workspaces to empower varying business needs, Spacelance is the ultimate destination. Furthermore, Spacelance Office Solutions also offers virtual addresses, equipped with virtual landline numbers, numbers for faxing, live receptionist support with little investment.
Spacelance boasts of multiple offices in and around the country among which the offices at HSR Layout and Indiranagar are famous in Bangalore.
Spacelance – Pricing
Packages
Price
Basic Package
Rs. 1300/month & Rs. 13000 annually
Standard Package
Rs. 1500/month & Rs. 15000 annually
Ultimate Package
Rs. 2000/month & Rs. 20000 annually
In case you are curious to know more about Spacelance, its facilities and the prices in detail, then it’s best to dive into their website.
Spacelance – Features
Professional business address.
Excellent facilities for handling and forwarding mails.
Local landline number.
Live receptionist.
Fast and hassle-free company registration.
Access to meeting rooms.
Workafella
Workafella offers unique and amazing workspaces and coworking units in different cities around the country and is lauded for each of its spaces. The Bangalore city office of Workafella is located at Infantry Road. This Workafella office offers office terrace gardens, cafeterias, and excellent office spaces to work without at one’s own pace. Starting a day full of caffeine, stopping at the social hub for a quick conversation, and working at peace are some of the unique activities you can repeat days on end at Workafella.
Workafella – Pricing
Workafella offers offices and coworking spaces at affordable prices that suit the diverse business needs of today. Though the price mostly varies on the centres and their locations, it generally ranges from Rs. 550/day/person to Rs. 10000 -Rs.13000/month/seat.
Workafella – Features
Smart and flexible plans for all offices.
All-inclusive pricing packages.
A variety of office spaces to choose from.
24×7 accessibility and air conditioning facilities.
Security around the clock.
Complimentary meeting rooms and other amenities.
Easyoffices
Easyoffices is a brand reputed for its coworking and office spaces in multiple locations that include Bangalore, Chennai, Mumbai, Kolkata, Hyderabad, Pune, Gurgaon and more, around the country. With easy-to-use offices equipped with smart facilities and flexible payment options for all kinds of businesses, Easyoffices is the first choice regardless of the size and nature of businesses.
Easyoffices offers a range of smart workspaces in Bangalore at multiple locations including Dickenson Road, Whitefield, Bommanahalli, Domlur, Jayanagar, Malleshwaram, Nagawara, etc.
Easyoffices – Pricing
The pricing of EasyOffices varies depending on the location and business needs. The price card offers rates that start from Rs. 7500/month to Rs. 18500/month. For more information, you can check out their official website.
Easyoffices – Features
Fully furnished workspaces.
Flexible office spaces that are tailor-made for businesses.
24×7 availability of rooms.
Flexible hiring options.
Excellent business lounges and areas for collaborations.
Manned receptions to be accessed around the clock.
Availability of cabins and conference rooms for varying requirements.
CorporatEdge
CorporatEdge is one of the leading office service providers that offers smart and well-equipped office spaces that are suited for the changing office needs of today. CorporatEdge is distinguished for premium office spaces at convenient locations in and around Bangalore and multiple locations across the country. Along with providing the brands and businesses with smart workspaces, CorporatEdge also strives to provide them with immensely elegant spaces that add to their brand value. CorporatEdge enjoys 5 centres that are in operation in 5 different locations, 3 different cities, and PAN India locations and boasts of an ever-growing clientele.
CorporatEdge – Coworking space in Bangalore
CorporatEdge offers a range of options to choose from when it comes to opting for service offices, meeting rooms, virtual offices, and more. The main office of CorporatEdge is located at ITC Green in Bangalore.
CorporatEdge – Pricing
Requirement
Starting Price
Desk Booking
Rs. 12000/month
Private Cabins
Rs. 28000/month
Meeting Rooms
Rs. 4000/day
You just need to choose the duration and the capacity you would need for your business. However, it is always wise to check out their official website for more information and pricing details.
CorporatEdge – Features
High-speed internet to transfer data without hassles.
Convenient cafeteria and kitchen area.
Prime locations around the country.
Transparent pricing and packages.
Smartphone booths at multiple places.
Secured offices that enable keyless entries.
24×7 access to photocopying and printing machines.
24×7 building access.
Attached lounge for guests.
Cowrks
Cowrks is known for vibrant office spaces that are set up at strategic locations for ease of communication. It believes in building offices that are elegant and elevate the status of the businesses operating from them. Besides, it also ensures that the employees and other business professionals feel at home even while working. Furthermore, Cowrks also boasts state-of-the-art technology to improve the user experience along with the 5-star hospitality that it extends.
The coworking spaces from Cowrks would gear up businesses and boost their productivity and collaboration. Regardless of whether you are looking for an office space for a day or continue working for years on end, Cowrks has got you covered. Yelahanka, New Indiranagar, Ecoworld, Koramangala, Whitefield and Residency Road are some of the office locations of Cowrks in Bengaluru. The other states where Cowrks have their offices include Delhi, Chennai, Mumbai and Hyderabad.
Cowrks – Pricing
CoWrks charges a membership fee that depends on the number of desks and the total duration that you would be needing them for. Also, the prices are based on the location of your business and the facilities. A desk can cost anywhere between Rs. 3000 to Rs.10000/month. For more detailed information and pricing packages, you can check out their website.
Cowrks – Features
Fully furnished shared offices of varying sizes and amenities.
24×7 entry inside the office rooms between Monday to Saturday.
Flexible charges for a diverse range of options for payments.
Fast internet connectivity around the clock.
Special lounge and lounge plus packages.
A wide range of contracts.
IndiQube
One of the leading working space providers operating in India, IndiQube aims to bring the best workspaces to meet the demands of the new-age businesses. Whether it is for an enterprise or a startup, offshore centres or solopreneurs IndiQube strives to provide the best experience for each brand. Along with smart buildings that are powered by the latest technologies to boost the working experience, IndiQube also boasts various employee engagement programs.
IndiQube – Coworking space in Bangalore
IndiQube – Pricing
Requirement
Starting Price
Office Desk
Rs. 6499/month
Private Cabin
Rs. 42500/month
Event Spaces
Rs. 15000/day & above
However, prices may widely differ according to the size and function of workspaces. For more details, you can simply check out the official website of IndiQube.
IndiQube – Features
Smart digital workspaces are equipped with everything that a business needs.
This was our list of Coworking Spaces in Bangalore. If you are one among them, then connect with us at shubham@startuptalky.com to get featured in the list.
FAQs
What is a coworking space?
A coworking space is an office or a building where individuals or a group of individuals can come to work on their personal or professional projects. Individuals pay to the company which is providing the space.
Why do we need a coworking space?
Coworking space could be needed for the following reasons:
It provides small businesses or startups with a work space to get their work done.
It allows you to find potential business partners or investors in these places to build the business.
It is fairly cheaper for startups with a small team than a proper office space.
It provides amenities like foosball tables, billiards, gaming consoles, cafeterias, wifi-enabaled premises, etc. on one platform.
It provides a multitude of leasing plans like pay on a monthly basis, daily basis, or on an hourly basis.
Which are the best coworking spaces in Bangalore?
Here’s the list of the best coworking spaces in Bangalore.
Harshit Baluja
