The co-living space company Zolo, based in Bengaluru, plans to sell its student housing division to Good Host Spaces Management Services, based in Mumbai, for INR 107.8 Cr (about $12.5 Mn) in a slump sale. According to regulatory papers, the startup’s plan to sell its student housing vertical to Good Host Spaces was approved by the Zolo board on February 10. 90% of the price (INR 97.02 Cr) is to be paid in cash, with the remaining 10% (INR 10.78 Cr) to be paid in optional convertible dentures (OCDs). The transaction will involve a combination of cash and debentures. In a statement, the corporation said that the transaction will allow Zolostays to concentrate on running its operations and looking for expansion prospects. The lump sum payment will fortify the company’s balance sheet and enhance its liquidity position. The company will be able to increase overall efficiency and streamline its operations thanks to the purchase.
Continuous Exit at the Top Level Hampered the Performance of Zolo
One of the founders, Akhil Sikri, left his operational position at the co-living startup in March 2023 to focus on a new business endeavour. At the moment, he serves as the chief technology officer for software service company Apsona. Isha Choudhry, who oversaw operations and human resources, had previously resigned in 2020. However, Nimesh Grover and Stanley D’britto founded Good Host Spaces in 2017 to provide the nation’s third-party on-campus student housing services. According to the company, it operates over 20,000 beds at universities including Manipal University, OP Jindal Global University, T A Pai Management, and Shoolini University, and it is present in roughly five locations.
India’s Hospitality Industry at the Centre Stage
With the approaching vacation season and the growing number of tourists, the development occurs at a time when the hospitality sector has been drawing investments and acquisitions. French hotel juggernaut Accor and aviation powerhouse IndiGo’s parent company, InterGlobe Aviation, announced earlier this week that they would be investing together in Treebo Hotels. Before that, the massive hospitality company OYO, founded by Ritesh Agarwal, had planned to invest $10 million (INR 86.6 crore) in G6 Hospitality, which it had recently acquired in February. G6 Hospitality is the US-based operator of the Motel 6 and Studio 6 brands. According to Tofler data, Zolo’s operating revenue increased by 122.5% to INR 94.65 Cr in the fiscal year that ended in 2023, from INR 42.54 Cr in the previous year. The company’s net loss for FY23 increased by 2% to INR 67.96 Cr, compared to INR 66.59 Cr the year before, despite its impressive topline performance.
These days we are getting almost everything at our doorsteps, thanks to all the great startups that have made it possible. But do you know that there are some great startups that provide you even real estate services at your fingertips?
Technology has made this process very easy. One can have all the information related to a property with just a click on the internet. The real estate industry is using enhanced technologies like Machine Learning, AI and other powerful tools to enhance customer services. Real estate has become the current hot industry among working employees and students who are away from their hometowns.
Everyone wants a piece of land. It’s the only sure investment. It can never depreciate like a car or washing machine. Land will only double its value in ten years. – Sam Shepard, American actor, and author
As per a report from Statistica.com 99% of the residents aged between 31-40 years use the internet while searching for a home in the US. India is also a developing nation and the internet has penetrated the entire country. So, one can expect more and more people to look for a home on the internet. Thus real estate has become a hot topic for tech-based startups. Let’s see what are some of the best Real Estate startups in India and what they offer.
Quikr is a Bangalore-based Indian classified advertising platform founded by Pranay Chulet and Jiby Thomas in 2008. They provide platforms in various categories such as household goods, cars, mobile phones and also real estate. QuikrHomes is a merged property portal of Quikr with CommonFloor, launched in September 2015. It allows the users to search for residential, commercial and agricultural properties to either buy or rent out.
Founders: Amarendra Sahu, Smruti Parida, Deepak Dhar and Jitendra Jagadev
Founded: 2015
NestAway Homepage
NestAway is a Bangalore-based online platform founded by Amarendra Sahu, Smruti Parida, Deepak Dhar and Jitendra Jagadev in 2015. NestAway provides homeowners to list their properties for rent and home seekers to find furnished homes to choose from and book from. Their app provides furnished home bookings, services like home cleaning, electric and plumbing checks, and more.
NestAway allows its users to find, book, and move into a rental home of their choice across almost all Indian cities. They aim at providing better rental solutions with the help of design and technology. The company presently caters for all the major cities like Delhi, Gurgaon, Hyderabad, Pune, Mumbai, Bengaluru and more.
PropTiger is a Noida-based property portal founded in 2011 that allows users to buy property in India. The users leave their required property specifications online and PropTiger offers solutions with a wide range of services including identifying apartment options, organizing site visits, budget and affordability analysis, helping with unit selection and application filing with real estate developers to facilitate housing loans.
PropTiger is currently present in 12+ cities, including major cities like Noida, Gurgaon, Ahemdabad, Mumbai, Pune, Bangalore and Kolkata. They have over 30,000 properties listed on their website and have over 300 agents. PropTiger has sold over RS 15,000 crore worth of properties.
Colive
Founder: Sundari Rangarajan
Founded: 2016
Colive Homepage
Colive is a technology-powered network of branded serviced homes that offers rooms for high-end and well-located shared rooms that are a modern and sustainable lifestyle. The company was founded by Sundari Rangarajan in 2016 based in Bangalore. They provide an “all-in” solution including the layout of the house, services of cleaning, internet and TV, insurance, water, gas and electricity. Colive provides home rentals, shared living spaces, and PGs located near educational institutions and workplaces.
awfis
Founder: Amit Ramani
Founded: 2015
Awfis Homepage
awfis is a Delhi-based provider of managed coworking spaces founded by Amit Ramani in 2015. It allows users to browse for spaces based on the type of space, city, locality and capacity. On awfis’ platform, most of the facilities are on the managed aggregation model. The owner gives the property to the company at no upfront cost and takes a higher share of the revenue.
The users on awfis can book work desks, private cabinets, business centres, and meeting rooms and book them online. They provide a platform where its community members can regularly interact, network, and share ideas at events and seminars. It connects the members with service providers in the field of accounting, legal, recruitment, payments, web services and other services as well. To support its community members, awfis has partnered with Incubators/Accelerators, Angel Networks, VC Funds and Startup Mentors.
Ghar360
Founders: Ajesh Joy and Sanju Thomas
Founded: 2012
Ghar360 Homepage
Ghar360 is a Bangalore-based startup founded by Ajesh Joy and Sanju Thomas in 2012 it is a cloud-based 3D augmented reality platform that lets its users experience a virtual walk through the house with the digital platform even before it is constricted.
Ghar360 has developed a unique idea to reinvent the interior shopping experience by digitizing the floor plan into an interactive walkable space which is constructed to make customers an idea of the reality of the living space before purchasing it. The startup has raised total funding of $20k from TLabs.
ZoloStays
Founder: Akhil Sikri
Founded: 2015
ZoloStays Homepage
ZoloStays is a Bangalore-based provider of branded accommodations founded by Akhil Sikri in 2015. The startup offers PGs, serviced apartments and independent flats. They also provide amenities like TV, Wi-fi, fridge, washing machine, food, RO water facility, power backup and more.
ZoloStays associates with owners and offers the properties as managed accommodations. PG owners who manage their own properties can also affiliate with ZoloStays and accept non-Zolo tenants. The company has raised total funding of up to $100 million and earned revenue by charging a commission on the monthly rent.
NoBroker
Founders: Saurabh Garg, Amit Kumar Agarwal and Akhil Gupta
Founded: 2014
NoBroker Homepage
NoBroker is a Bangalore-based real estate search platform founded by Saurabh Garg, Amit Kumar Agarwal and Akhil Gupta in 2014. NoBroker eliminates brokers while connecting flat owners and landlords with tenants. It is a C2C model of property portal that uses advanced technologies like Machine Learning algorithms and Artificial Intelligence to sort, select and list properties better by gathering data and extracting listing information from images of ‘to-let’ signs.
Nobroker has now forayed into a brokerage-free buy and-sell properties as well and the company also verifies each listing to make sure they are owners and not middlemen maintaining the authenticity of the platform.
StayAbode
Founders: Viral Chhajer and Devanshish Dalmiya
Founded: 2016
StayAbode Homepage
StayAbode is a Bangalore-based startup founded by Christ University alumni Viral Chhajer and Devanshish Dalmiya in 2016 that builds coliving spaces for the rental residential real estate market. In 2020, it was acquired by NestAway for an undisclosed amount. They thrive at providing a hassle-free abode to millennials looking for coliving spaces using the platform of technology as a source to offer small private spaces to its users that are elegant and fully furnished.
They also provide their users with a safe environment and cover utilities. They provide fully furnished rooms and amenities like wi-fi, water, electricity, maintenance, parking and DTH. StayAbode takes up entire building space on long-term leases and then re-works the interiors to convert it to a co-living space and then sub-rent it to their customers.
Square Yards
Founders: Tanuj Shori and Kanika Gupta
Founded: 2013
Square Yards Homepage
Square Yards is a Delhi-based online real estate advisory and brokerage services firm founded in 2013 by Tanuj Shori and Kanika Gupta – an alumnus of Indian Institute of Management. The company has a field employee base of about 500 across five countries and is active in 15 cities in India. On the platform, each client is assigned a unique relationship manager who handholds the clients throughout the asset ownership – similar to a private banking model.
It is currently located in ten countries and 31 cities and has more than 1000 employees. Square Yards has been valued at more than $288 million as of 2019 and has also banked the ‘Real-Estate Marketing Company of the year by Accommodation Times and ‘Startup of the year’ by Silicon India.
Grexter Living
Founders: Pratul Gupta and Nikhil Dosi
Founded: 2016
Grexter Living Homepage
Grexter Living is a coliving space startup founded by Pratul Gupta and Nikhil Dosi. Grexter Living offers functional and built-to-suit urban studio rooms that provide all the necessary amenities and, at the same time, are aesthetically appealing. Catering primarily to salaried employees, fresh graduates, and techies in the age group of 18-30 years, the spaces they provide consist of a large common kitchen with another huge designated area that has lounges, gaming consoles, and home theatres.
CoHo
Founder: Uday Lakkar
Founded: 2015
CoHo Homepage
CoHo is one of the country’s first coliving spaces was founded in 2015. It offers fully furnished accommodation on a sharing and individual basis with amenities such as hot food, wifi, laundry services, and 24/7 security, along with access to common spaces such as lounges, games and reading rooms and special events such as poker nights.All this without any security deposit, brokerage or furnishing costs.
CoHo raised funds from veterans like Sachin Bhatia (Co-founder, MakeMyTrip and TrulyMadly), Rajesh Sawhney (Co-Founder, GSF and InnerChef), Mahesh Parasuraman (Ex-MD, Carlyle PE), Dheeraj Jain (Partner, UK based Hedge fund), amongst others.
Conclusion
Real estate is one of the biggest industries in the world. The Indian real estate industry is expected to reach a US$1 trillion market by 2030. These startups are prominent contributors to the growing industry of real estate. They are making real estate easy to access and making it more affordable for a normal person to buy or rent a property.
FAQs
What are the top real estate startups in India?
QuikrHomes
NestAway
PropTiger
Colive
Awfis
Ghar360
ZoloStays
NoBroker
Grexter Living
Square Yards
CoHo
StayAbode
Is real estate a good business?
Yes, the scope for demand makes it a profitable business. The real estate market size will become USD 1 trillion by 2030, accounting for 18-20% of India’s GDP.
Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by Colive.
Given the increasing cost of property in metro cities, co-living is probably the most cost-effective way of living in urban areas without having to compromise on modern amenities. This is the reason why co-living spaces are getting popular, especially among youth. With the increasing number of youth moving out of their hometowns for studies or work, the concept of co-living is fast gaining popularity in India.
According to a Cushman & Wakefield India report, the Co-living market size across India’s top 30 cities is expected to grow more than double by 2025 to $13.92 billion from the current $ 6.67 billion. To meet this trend, Colive, a startup in Bangalore has come up with fully managed and technologically equipped rental co-living spaces, to make living comfortable, safe and affordable. Here is how Colive was started and how it is transforming urban housing in India. We interviewed Colive founder Suresh Rangarajan K to know about this fast-growing coliving startup.
Colive is a Bangalore-based co-living space provider. Colive offers ready-to-move-in co-living spaces, which are located near IT parks and business hubs. These homes are chic and equipped with modern tech-enabled safety features. Besides, all homes are fully serviced and professionally managed, and offers flexible and affordable options suitable for urban living. These co-living spaces are designed especially for single professionals & young couples who prefer living in a social community of like-minded millennials.
Colive is driven by the vision to get established as India’s No.1 Coliving brand offering technology-enabled, fully-managed homes for millennials & Gen Z in urban markets.
Colive USPs
Style
Modern Furnishing
Cinema and Sports Arena
Fitness and games room
Modern Storage Space
Self cooking equipment
Community kitchen
Safety
Facial recognition based key management
CCTV and Video Surveillance
Emergency response team.
Service
Professional House Keeping
High-Speed Internet
On Demand Maintenance Support
Power back-up
Savings
Affordable rentals
Flexi Lockin
Installment facility
Smart
Skype booth
Co-working space
Digital door locks
Social
Networking
Free holiday once a quarter
Invitation to exclusive events and parties.
“We launched Colive in Bangalore given the city’s universal appeal. Home to numerous IT companies, the capital of Karnataka a top destination for young working professionals who don’t have the capacity to rent a single sharing accommodation near their offices. Considering this factor, Bangalore seemed like the ideal place for Colive to begin its journey” The Colive CEO quotes.
Colive – Founder and Team
Suresh Rangarajan Kis the Founder and CEO of Colive.
Suresh Rangarajan K
Suresh Rangarajan K, Cofounder of Colive
Suresh Rangarajan K is an alumnus of Yale School of Management. He is a chartered accountant and serial entrepreneur. Prior to founding Colive, he was also a part of the founding team of TimesofMoney.com and Artha, a real estate enterprise. Under his enterprising leadership, remit2india.com went on to become the world’s #1 online money transfer portal & one of the most successful internet businesses in India.
Arun Singh was the Chief Investment Officer (CIO) and Co-founder of Colive. Arun has worked in the Indian Equity Markets for over 2 decades, which provided him a ring-side view of the transformation of the Indian economy. His last stint was at Alchemy, a boutique equities brokerage firm focused on Institutional and Ultra HNI investors. He was also part of the founding team at a startup before embarking on his journey of curating emerging businesses to bootstrap in his individual capacity. Singh stepped down from his position in September 2021.
Saurav Swami is the VP of Alliances at Colive. Saurav looks after Corporate tie-ups and partners for built-to-suit coliving buildings.
Colive brought on board, Arun Balan of the Balan and Nambisan Architects to design the double sharing rooms, which are strategically styled with modular furniture to offer a sense of privacy even in a shared space. As commented by Colive CEO Suresh Rangarajan, Signature Towers will let the residents experience the comfort of their home with the splendor of a deluxe hotel.
The company works with an employee strength of 100-150 employees.
Colive – Startup Story
During his stint at Artha, Suresh realized that India’s real estate sector has great potential. He noticed the housing challenges being faced by the millennials in India, and to solve the same he started Colive. The idea behind Colive was simple – to offer an effective solution to urban India’s housing owes.
“Even though property prices have gone down in the last decade, affordable housing remains a myth in India. Renting a 2BHK flat in any metropolitan city is impossible for many, especially for those who have just begun their career. Realizing this gap, I decided to launch Colive which provides affordable, convenient, fully-amenitized and managed accommodations while taking a deposit of only 2-months’ worth of the respective rents, as opposed to the standard range of INR 60k- INR 1,00,000.” said Colive owner Suresh Rangarajan K on explaining the idea behind starting Colive.
Colive – Mission and Vision
The mission of Colive is to “offer Colive residents to upgrade lifestyle with chic designs and contemporary interiors, premium amenities, and hassle-free living.” With real-estate in its DNA, and driven by a customer-centric approach, Colive aims to build automated processes and leverage technology that will help in scaling the business.
Colive – Name, Tagline and Logo
The name Colive is derived from co-living. The company’s tagline- ‘Colive your way’ embodies the sense of co-living with the independence of living the way one wants to live and having the freedom to make their own life choices. Colive Community is a non-judgmental society that respects an individual’s life choices and celebrates their differences which is showcased in the logo people peacefully co-exist.
Colive has a full-stack business model and it provides its services directly to the end-users. Colive takes buildings on long-term contracts from builders and franchises. The buildings are transformed into branded and serviced co-living spaces and then rented out to customers.
Colive – Revenue Model
Colive has two sources of revenue–
Fixed rentals– Under this model, Colive makes an agreement with property owners to pay them a fixed sum. The amount of earning over and above this fixed sum is Colive’s revenue.
Property management fee– Under this model, the revenue earned from rent is shared between the property owner and Colive in a predetermined ratio. This ratio may vary from city to city.
Colive – Funding and Investors
Colive has raised total funding of $12 Million in 3 rounds. Here are the Colive funding details –
Funding Date
Stage
Amount
Investor
April 2019
Series A
$9.2 Million
Salarpuria Sattva Group
February 2018
Seed
$1.8 Million
Ncubate Capital Partners
September 2016
Seed
$1 Million
Angel Investors
Colive plans to utilize the funding to ramp up its operations and expand its footprint in India.
Colive is being mentored by Bijay Agarwal, MD Salarpuria Sattva Group.
Colive – Startup Challenges
According to Suresh, as the concept of co-living is new in India, Colive had a tough time convincing the stakeholders, who were skeptical about the success of the concept.
Speaking about the challenges that the team initially faced, Suresh Rangarajan K said, “Acquiring the first 1,000 beds was tedious but once that was done, we could pace up while scaling to 10,000 beds. The initial months, in particular, were difficult for us. However, we stuck to our original plan and got well acquainted with our primary target group – the millennials. And, it was only a matter of time before our extensive efforts started showing positive results”
Colive – Competitors
For Colive, competition ranges from a PG operator to the global player that provides rental accommodation. Top competitors of Colive are, Your Own ROOM, Stay Abode, Zolo, CoHo, NestAway, NoBroker, Grabhouse, Square Plums, SimplyGuest, Comfy Stays, OYO Living, Stanza Living, Quickr Homes and FF21.
Style, safety, services, social, smart and savings – These are the 6 factors that differentiate Colive from its rivals. From finding the perfect accommodation to having immediate access to amenities and availing services; everything at Colive is accessible at the touch of a button through Colive’s website and app.
Colive – Growth
Colive boasts of being the future of living. The technology-powered coliving startup has noticed a good scale-up indeed. Here are some highlights of the growth of Colive:
Colive is managing 25000+ beds.
The area under management for Colive is over 4 Million sq. ft.
Currently operating in 3+ cities including Bangalore, Chennai & Hyderabad.
Has AUM of Rs 200 crore+.
Colive has around an 85% occupancy rate.
In 2018, Colive generated a revenue of INR 11 Crore.
Colive launcheed premium property in Bangalore, strengthening its position in the luxury co-living segment
Leading Indian coliving space provider ‘Colive’ has announced the launch of a premium property – Colive Signature Towers. Signature Towers is located in Doddanekundi, on the Outer Ring Road, in proximity to corporate powerhouses and IT Hubs of Bangalore, on August 19, 2019.
The property is targeted at both young working professionals and DINK (Dual Income No Kids) couples and comprises 140 double sharing and single occupancy/couple rooms, consisting of 280 beds. The USP of Colive Signature Towers lies in its ergonomic design. The fully-furnished rooms have contemporary interiors and come with a wide range of lifestyle amenities. Colive Signature Towers is also equipped with a terrace lounge, star-gazing deck, barbecue, conference room, cafe, fitness room, gaming and entertainment lounge, amphitheater, cinema room and a salon/spa. The terrace barbecue and the cafe, in particular, are touted as the key attraction of Signature Towers. The security system for Signature Towers includes CCTV, digital locks, emergency response team, and facial recognition-based access system.
Colive declared first Saturday of June as the ‘International Co-living Day’ to celebrate the spirit of co-living
Colive announced in 2019 that the first Saturday of June is deemed to be the ‘International Co-living Day’. This initiative was taken by Colive to celebrate the idea of co-living, which is fast becoming popular among the Indian youth.
The first ‘International Co-living Day’ was celebrated by Colive at Marathahalli location in Bangalore on June 1, 2019. On this occasion, Colive hosted a memorable, fun-packed event, which was attended by a whole band of youths. The event was kick-started with the launch of Bangalore’s first co-living facility – ‘Colive Sunrise’. ‘Colive Sunrise’ is located at a prime location on the Outer Ring Road and is in proximity to the major IT parks in the city.
Delighted at the huge success of the event, Colive founder Suresh Rangarajan said that co-living is no longer just a new phenomenon, but has become a necessity.
Colive founder and CEOSuresh Rangarajan said emphasizing the idea behind the event.
Suresh was conferred upon the prestigious Udyog Rattan award and WCRC. Ernst & Young also awarded him as the “Trend Setter in Real Estate”. Besides, some other awards and recognition received by Colive are –
Rated among the ‘5 Indian Start-ups that helped millennials to go smarter in 2020’ – by Asian Age
Rated among the ‘5 most popular apps among millennials’ – by Hans India
‘Transforming the rental industry with the buy-to-let model‘ – says Deccan Herald
‘A Platform that can make everyday life efficient for the tech savvy’ – says Deccan Chronicle
Colive App among the ‘Mobile apps that are hot with Millennials’ – says The Financial Express
Ranked among the ‘From teen to adulthood these 5 Apps will become your saviour’ – by T3F5
Colive – Future Plans
Colive has launches lined up in Hyderabad, Pune and Mumbai. It aims to scale up from the current count of 25,000 beds to 1 lakh beds, as of 2021. Colive is also planning to expand its presence to 25 university towns.
FAQs
What is Colive?
Colive is a network of fully-managed ready-to-move-in homes, conveniently located in close proximity to major IT Parks & business hubs. The homes are fully serviced and professionally managed while offering flexible & affordable options suitable for urban living.
What does co-living mean?
Coliving is a form of communal living that is popular in major cities as they are an affordable living solution for students, workers, people on a budget, or individuals who are relocating. The residents get a private bedroom in a furnished home but have to share certain common areas with other residents.
Are coliving spaces in Hyderabad, Pune, and Chennai available via Colive?
Colive makes coliving spaces available in Hyderabad. Besides, getting coliving space in Pune, coliving space in Mumbai and in Bengaluru are also easier than ever before with Colive serving all those cities.
Where is the Colive headquarters?
The Colive headquarters are in Bangalore, which makes finding coliving space in Bangalore really easy now.
What is the co living business model for Colive?
Colive is a co living service provider, which extends a wide range of wonderful coliving spaces for everyone living in the common metros of India. Colive leverages the full-stack business model to grow, thereby providing the services to the end-users.
Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by NestAway.
The home rental has been a pretty rigid segment, particularly in India. Homeowners have qualms about hiring tenants and it’s not a smooth sail for the latter either. Unrealistic advance deposit demands, lack of proper amenities and facilities, and turbulent rental agreement fiasco are just some of the problems that hamper the entire process.
NestAway, a Bengaluru-based startup has identified this crisis and is now setting things right. This is a detailed article about NestAway, how the startup came into being, and how it is operating to simplify the process of finding rented accommodation.
January 19, 2021 – NestAway sold off the society and apartment management platform, ApnaComplex to Anarock Group within a year of its acquisition.
About NestAway
NestAway is a concept. It’s a solution. It’s fixing something that’s grossly wrong. Actually, it’s a concoction of the three. It is a new concept for homeowners, a solution for tenants, and it’s fixing the youth housing crisis in cities.
Founded in 2015, NestAway Technologies Pvt. Ltd. is headquartered in Karnataka. It is an online aggregator of fully furnished and well-maintained rooms and flats for rent. NestAway homes are present across 16 cities in India, including Bangalore, Delhi, Faridabad, Ghaziabad, Noida, Greater Noida, Gurgaon, Hyderabad, Mumbai, Navi Mumbai, Pune, and Thane.
The app helps the users find, book, and move into a rental home of their choice across various Indian cities. One can move in, ask for services from tap leakage to broken door locks, pay rent, and finally move out. The Nestaway app is available for Android and iOS.
NestAway has also forayed into the co-living segment. In 2019, it officially announced the launch of its independent subsidiary, Hello World. Hello World, focuses on co-living and student housing and is present in 15 Indian cities. Hello World claims to have 10,000 beds and 90% occupancy rate. It will be led by NestAway co-founder Jitendra Jagadev.
NestAway was co-founded by Amarendra Sahu, Smruti Parida, Deepak Dhar, and Jitendra Jagadev in 2015. It was an aggregator of shared and furnished apartments for bachelors in the beginning before adding full homes for families in its catalog.
NestAway Founders
Amarendra Sahu
Amarendra Sahuis the CEO of NestAway. He is a Computer Science engineer from NIT Surathkal and has an MBA from IIM-B. Amarendra has past experience of working at Alcatel-Lucent, Juniper Networks, and Cisco as a Software Engineer and Senior Software Engineer after which he co-founded BrizzTV Media Labs Pvt Ltd. Sahu is now a Co-founder of BrizzTV along with serving as a Co-founder and CEO of NestAway.
Jitendra Jagadev
Jitendra Jagadev is currently known as the Co-founder and Board Member of NestAway and has earlier served as the COO of the startup. Hegraduated from NIT Karnataka and has previously worked with companies like Philips, Cisco, and Ojas Venture Partners, before joining the founding team of NestAway. Jagadev is also the CEO of Helloworld Technologies India Pvt. Ltd.
Smruti Parida
Smruti Parida was the Co-founder of NestAway, and had also served as the CTO of the startup. Smruti is an IT graduate from NIT Karnataka. He was with Microsoft and United Online and worked as the Software Design Engineer and Program Manager 2 and Senior Software Engineer respectively before devoting himself to the company. Smruti quit NestAway on October 23, 2019. Smruti had also co-founded Zero Heights Technologies Pvt Ltd. previously and is currently working as a Founder at AutoSave.
Deepak Dhar
Deepak Dhar is an IT graduate from NIT Karnataka. Being a co-founder, Deepak was responsible for the product and user experience divisions at NestAway before leaving the startup in June 2019. Before joining NestAway, he worked with companies like Aceva Technologies, Fidelity Investments, and Royal Bank of Scotland. He also led Citruspay (acquired by PayU) as a Founding Member and Operations Head. Deepak Dhar quit Nestaway in June 2019 to startup a fintech venture but he will continue to be a director in the company. He co-founded Repute in October 2019.
NestAway owners Amrendra, Smruti, Deepak, and Jitendra are all serial entrepreneurs. Amrendra and Jitendra co-founded Brizztv, Deepak was a part of the founding team of Citrus Payment Solutions, and Smruti founded ‘Sen6’—an art marketplace. NestAway has anywhere between 200-500 employees, according to the latest records.
When Amarendra Sahu came to Bangalore in 2004, he had trouble finding a house to rent. Unmarried individuals are never the first choice of the house owners. Besides, renting in decent localities is not always reasonable.
Amarendra wanted to solve this problem and went about setting up NestAway with the help of friends. In June 2014, his friend Jitendra Jagadev’s house in Whitefield became the site of an experiment.
Amarendra recollects, “We took furnishing from Furlenco, took some pictures of the house, and posted it on Facebook. There were four beds in the 2 BHK – all sold in a day. Out of the seven girls who came to visit, six wanted it and four got it.”
This was the story behind NestAway’s inception which has established itself in a surprisingly short amount of time.
NestAway – Mission and Vision
Nestaway’s core vision is “to provide young people value-for-money spaces with convenient solutions and amenities.” The steering vision was to make living easy and hassle-free.
Nestaway is fueled with a mission to provide homes for everyone, without discrimination. The mission of the company was not just to find homes, but to help the youth set up in a new city without any hassles.
NestAway – Name, Tagline and Logo
With the onset of the new year 2022, NestAway has come up with a new tagline that goes “New Year, New Home.”
NestAway is India’s fastest growing “Home Rental Network” which provides better rental solutions via design and technology. The units are ready-to-walk in homes and with different schemes based on the tenant’s requirement—a bed, a room, or a complete house. From 1 BHK flats to 8 BHK luxury villas with state-of-the-art facilities, the company caters to all kinds of customer needs. Homescome with cot, mattress, sofa, TV, fridge, washing machine, and a furnished kitchen. Besides, fully furnished apartments, semi-furnished and unfurnished apartments are also listed on NestAway.
Some major USPs of NestAway are:
Guided house visits: Tenants are given a guided tour of the house they are interested in.
Rent on time: Ensures timely rent every month.
Zero paperwork: The company does all the paperwork such as agreement creation.
House safety: The company ensures that the house stays in good condition.
House maintenance: It provides on-demand and periodic house repairs. By subscribing to NestAway Assure, house owners can avail the facility of 100% free maintenance, cleaning, and repairing services.
Marketing and promotion: It promotes the properties registered with it through ads and other rental platforms.
Easy move-in and move-out policy: NestAway allows easy move-in and move-out facilities to tenants. Tenants can simply visit the website or use the app and schedule move-in or move-out dates according to their convenience. The move-out policy allows tenants to leave before the license end date. They can shift to the new house by notifying just two days before the planned move-in date.
Zero Deposit: NestAway has tied up with agencies to provide zero deposit offers, whereby tenants can move in by paying the booking amount without any advance deposit.
Pet-friendly: It allows animal lovers to find pet-friendly homes.
Open guest-hosting policy: It allows tenants to host guests responsibly without causing inconvenience to fellow tenants.
The lock-in period is of 6 months. Unless mentioned otherwise in the agreement, the minimum stay is 6 months. However, this may vary in different cities. NestAway does not impose any move-out charges. However, if a person moves out before completion of the lock-in period, he has to pay one month’s rent as move-out charges.
The rent is determined considering the given factors:
Area and location of the house.
Tenancy type, i.e whether a full house, a room, or a bed is taken for rent.
Condition of the house.
Size of the house.
The best part for the homeowners is that the company ensures that the rent is paid before the 5th of every month.
NestAway has a sound business model. It is a one-stop service provider for tenants and house owners where neither has to pay any brokerage fee.
The company serves as a broker and property manager for homeowners by helping find tenants, collect rent, and manage the property over its lifetime in exchange for a percentage share of the rental stream.
Amarendra explains the business model, “You can rent just a room, or the whole house. Our area manager will arrange the visit according to your preference. Once you are satisfied with the house, you can book it online. If you stay in the house for three days and don’t like it for any reason, we refund with full deposit. NestAway’s popularity grew mainly through word-of-mouth, with digital marketing spend in the early days being less than 10 percent of total expenses.”
NestAway runs on a very simple revenue model. It manages a homeowner’s rental property throughout the rental life cycle, from showing the house to a prospective tenant and closing the rental agreement, to collecting rent on the owner’s behalf and assisting the tenant and owner during move-out.
For all these services, the company charges the owners a fixed percentage of 12.5% of the total rent generated from the home as its commission. NestAway does not charge any brokerage or charges from the tenants apart from rent
NestAway Technologies has raised over $109.1 Million in funding from 9 rounds of funding it saw to date. In the latest round, it raised a funding of $4.70 Million from Goldman Sachs on September 17, 2019.
Date
Stage
Funding Amount
Investors
September 17, 2019
Series D
$4.70 Million
Goldman Sachs
May 13, 2019
Series D
$10 Million
Tiger Global Management & Chiratae Ventures
October 17, 2018
Venture
Undisclosed
InnoVen Capital
August 7, 2018
Venture
Undisclosed
Epiq Capital
March 1, 2018
Series D
$51 Million
Goldman Sachs
April 15, 2016
Series C
$30 Million
Tiger Global Management
February 28, 2016
Venture
Undisclosed
Ratan Tata
July 21, 2015
Series B
$12 Million
Flipkart, Tiger Global Management
March 16, 2015
Seed
$1.2 Million
Undisclosed
Flipkart, Tiger Global Management, Ratan Tata, Goldman Sachs, InnoVen Capital, Epiq Capital, Chiratae Ventures are some of the Investors in NestAway. Also, NestAway is in talks with multiple investors including Fosun International and Shunwei capital for $100 Million that it might be seeing ahead.
According to Wikipedia, NestAway registered lower growth in revenue in 2017-2018 as compared to 2016-2017. Its revenue increased by 533% in 2016-2017 whereas, in 2017-2018, it increased by only 28.7%. As per ROC filing, its revenue from operation in FY 2018 is Rs 46.98 crores. Again, the losses increased from Rs 134.24 crore in 2016-2017 to Rs 203.79 crore in 2017-2018.
The company claimed to earn $2 million worth of revenue each month, as of 2019’s reports.
NestAway – Growth/Valuation
NestAway is currently present in over 16 Indian major cities, as of September 2020. It is managing over 60,000 homes across the country. Over 10,600 house owners and 72,400 tenants are registered with it. About 40% of the new bookings now come from the family segment with the ratio being at 65:35 for shared versus family rental houses.
In Bengaluru, where typically rental advances are of 10 months, the company offers homes on two-month deposits. The company claims to earn a monthly revenue of around $2 Million. NestAway gets a commission of 12.5% in each rental agreement.
After a Series D funding of $51 million raised in March 2018, NestAway’s valuation was at about $200 million. It raised two more rounds of funding after that. However, the exact net worth or valuation has not been confirmed by the company.
In 2019, NestAway ventured into the co-living and student housing segment by launching a new brand, ‘Hello World‘. ‘Hello World’ which began in May 2019, currently has a capacity of around 10,000 beds and is operational in 16 cities, including Bengaluru, Hyderabad, Delhi-NCR, Pune, Kota, and Dehradun. The startup boasts 90% occupancy rates. Hello World charges zero brokerage and one-month rent for a security deposit. NestAway has plans to introduce ‘Hello World’ in nine more cities, thus increasing the number of beds to over 50,000.
In the wake of COVID-19, Bengaluru-based home rental startup NestAway has taken a host of measures to support its users and property owners. To start with, the company has reduced the onboarding charges by 50% for anyone who had planned to move into Nestaway’s properties before the lockdown was put in place.
Also, Nestaway is allowing all the frontline workers to stay at its properties with 100% off on onboarding charges. For property-owners, which are tied-up for more than two years, the startup has set up an INR 50 Lakh fund to support them in these hard times.
For migrants struck in Kota, Nestaway has provided free stay and food under the ‘Hello World’ initiative. More than 30 migrants and 30 healthcare staff have lived at Hello World’s properties since the COVID-19 outbreak. One building in Kota has been dedicated to healthcare staff with food and basic facilities. Furthermore, NestAway has also extended canteen services for doctors and guards and hostel managers.
NestAway – Partners
NestAway uses Localitics, a real estate statistical data science platform that not only predicts where rental demand is going to grow, but also where new houses are going to spring up. Today, Localitics is used for evaluating all the cities in India where the company is present and churns out data to help them target the next set of cities.
NestAway has acquired 3 organizations. Their most recent acquisition was StayAbode on Mar 2, 2020. However, it has later sold ApnaComplex, which makes the proptech startup the owner of the 2 other companies, Zanify and StayAbode.
It acquired a smaller rival Zenify (City Synapse Information Pvt. Ltd) for an undisclosed amount in May 2017. This move will help them expand their offerings for families.
In February 2020, the company acquired the apartment management platform ApnaComplex. ApnaComplex is a 10-year-old startup and the platform offers tools to manage various aspects of the residential complexes like organizing public events, raising complaints, society billing/accounting, and much more. The company will now provide home services like cleaning, painting, pest control services, etc. to the registered users of ApnaComplex. However, within a year of its acquisition, the proptech startup decided to let ApnaComplex be acquired by Anarock on January 19, 2021.
Acquiree Name
Acquired Date
Price
StayAbode
March 2, 2020
–
ApnaComplex
February 13, 2020
–
Zanify
May 7, 2017
–
NestAway – Challenges
One of the major challenges for the company was finding the right investors because it was the first business in this arena and some skepticism. Now, it is one of the highest funded Indian startups.
In the initial stage, earning the house owner’s trust and convincing them to register was difficult. To solve this issue, it started offering a ‘rental default guarantee’ that guaranteed NestAway paying the house owner rent in case the tenant did not pay on time.
Some house owners don’t consent to give their house for rent with two months’ rent as deposit money and expect more. However, this scenario has been bettered with the arrival of NestAway where the users need to pay two months’ rent as the tenant and the company pays the difference.
NestAway – Competitors
There are many companies and websites like this that list properties for rent. The Major competitors of NestAway are:
What sets NestAway apart from its rivals is that it provides end-to-end solutions to tenants and house owners by taking care of everything—creating the rent agreement, rent collection, house maintenance, etc. In short, it mediates throughout the rental life cycle.
NestAway – Awards and Achievements
NestAway has been conferred upon a list of awards and recognitions throughout the years. One of the proudest moments for NestAway was when the founders of the company achieved the Comeback Kid Award on August 18, 2017.
NestAway – Future Plans
NestAway is planning to introduce ‘Smart Homes’ by launching the Smart Lock service for all homes. Smart Lock is a safety locking system that ensures security for people staying in their homes, especially for women. This service will be available on their app for both Android and iOS devices. The company is planning to venture into the women’s housing and senior housing sector by 2020.
Another area of focus for NestAway will be student housing. With 10.4 million migrant students and only 6.1 million beds as the current official supply, there is an increase in demand for student housing which continues to increase day by day. Cashing in on this opportunity, it is strongly focusing on student housing and aims to start operations in Kota (Rajasthan) followed by Delhi (North Campus), and Bangalore. NestAway is also looking to expand PAN India and conversations are going on with progressive builders for exclusive properties earmarked for students.
The brand continues to concentrate on the concept of co-living, wherein it takes up the entire building including the shared facilities such as gym, libraries, common areas, game room, and others. Through this concept, NestAway Technologies is trying to create a community for members with common interests to engage in yoga/salsa classes, have talk sessions from seasoned entrepreneurs/sportspersons, entrepreneurial knowledge sharing meets, and collaborate on other exciting avenues.
NestAway – FAQs
Who are the Founders/Owner of NestAway?
NestAway was co-founded by Amarendra Sahu, Smruti Parida, Deepak Dhar, and Jitendra Jagadev in 2015.
What is NestAway?
NestAway is an online aggregator of fully furnished and well-maintained rooms and flats for rent. NestAway homes are present across 16 cities in India, including Bangalore, Delhi, Faridabad, Ghaziabad, Noida, Greater Noida, Gurgaon, Hyderabad, Mumbai, Navi Mumbai, Pune, and Thane.
Who is the CEO of NestAway?
Nestaway CEO and Co-founder is Amarendra Sahu.
Who are the Top Investors of NestAway?
Flipkart, Tiger Global Management, Ratan Tata, Goldman Sachs, InnoVen Capital, Epiq Capital, Chiratae Ventures are the Investors in NestAway.
How much Funding did NestAway raise till date?
NestAway Technologies has raised over $109.1 Million in funding from 9 rounds. In the latest round, it raised funding of $4.7 Million from Goldman Sachs in September 2019.
The COVID-19 pandemic has effectively brought normal life to a halt in the whole world. So, Indian government has used the formula “break the chain” to stop the spread of this disease. Indian government has ordered for lockdown and 1.3 billion residents of country to stay home. As a result, employees of many companies are working from home. But they need to follow best practices for working from home to be productive.
But, it’s not easy for the company to let all employees to work from home. Company has to take permission from its client if employee can work on client’s information at home. Employees need laptop, a good internet connection, communication gear, work-related hardware & software. Of course, technology has made it easy as you can do everything online like meetings, attendance, etc. But, all companies have to make plans how they can make it efficient.
We talked to few companies about their planning to have “Work from Home” and effective best practices for working from home which they have applied for maximum output in the time.
Founded in early 2015, upGrad offers online programs for working professionals. We talked to Mr. Mayank Kumar, Co-founder & MD of upGrad, about their planning to make work from home effective.
At upGrad ever since we have switched to the Work-From-Home model, the leadership team has been on their toes to make sure that their respective teams are communicating enough amongst their colleagues, maintaining the team bonding and synchronization. We have active video/audio calls and group conferencing to make sure that everybody stays updated.
We’ve ensured that remote IT infrastructure (hardware and software) are made available as much as possible. To ensure that the work stays uninterrupted, employees can discuss with their manager and mail to IT help for support anytime.
We will be using hangouts, zoom or other software for official meetings or calls.
Employees are encouraged not to step out of home for a meeting, event, public gathering etc. unless absolutely necessary.
We suggest them to exercise caution while using public transport for travelling inside the city and minimize your inter-city and intra city travels.
At upGrad, we will be monitoring the spread, taking inputs from industry and govt. bodies and take appropriate decisions keeping your safety and business continuity in mind. We will keep employees posted from time to time about relevant updates.
Casa Exotique
Casa Exotique has been exploring the depth of Interior Designing and Styling with the help of a remarkable team of professionals who takes each and every turn to make your vision come to life. We talked to Ms. Bhawana Bhatnagar, Interior Stylist and Founder, about the plans to make work from home effective.
Ms. Bhawana Bhatnagar- Founder, Casa Exotique:
Given that we’re currently at stage two of the infection, we are actively separating sick employees and contractors from the healthy ones to prevent the infection from spreading any further. Also, sick employees have been given the Flexi leave benefits as well. As of now, we are waiting for the government directives and updates on the situation. If there is any indication that we are moving towards stage 3, then work from home will definitely be implemented.
121 Experiences
121 Experiences specializes in experiential brand communicating solutions to drive behaviour changing consumer habits. We talked to Aniket Sharma, Co-founder & CEO, about their planning to make work from home effective.
Aniket Sharma- Co-Founder, 121 Experiences :
We have urged all our employees to work from home during the current crisis unless absolutely necessary to work from office.
We also understand not all employees can work from home due to their respective reasons, for them we are following a rotational policy. If there is a team of 4 then only 2 people have been asked to come on a single day.
Further we have encouraged car pooling amongst our employees instead of taking the local transport to and fro to work.
We have also relaxed office hours from 11-4 to ensure those who have to take public transport can avoid peak hours both ways.
My Star Hub
To create the most authentic and memorable fan experiences across the world, My Star Hub came up with the platform where fans can book personalized video shootouts from their favorite celebrities. We talked to Swapnil Mahajan, Founder & CEO, about their planning to make work from home effective.
Swapnil Mahajan- Founder, My Star Hub :
We have chalked out a comprehensive guideline to keep remote working effective.
Besides maintaining a focus on clear communication, we have kept things flexible as we know that the one-size-fits-all formula doesn’t work when people are working in different settings.
We are relying on online tools and digital meeting platforms for discussions, clarifications, and progress tracking.
We have full trust in our people and are working on creating a support structure for effective remote working.
Co-founded by Swati Nathani and Ranjeet Kumar, Team Pumpkin, a 360 Degrees Marketing & PR agency commenced its operations in 2012 with a clear mission to help brands win in the Marketing and PR space. We talked to Ranjeet Kumar, Co-founder, about their planning to make work from home effective.
Ranjeet Kumar- Co-Founder, Team Pumpkin :
As a precautionary measure, we have rolled out remote working directives for all our employees across regions until the situation settles down.
Team Pumpkin has always been a flexible organization, even before Coronavirus forced people to work-from-home, we had implemented the policy in our company. With our long-tested policy and a supportive environment for remote working, we are effectively maintaining our productivity levels.
With daily work reports and progress updates, we are making sure that the deliverables are not affected and business continuity is maintained as normal.
We are connecting with the teams and clients through teleconferencing and video conferencing on a need basis.
To manage daily attendance, employees have been advised to download the app and do remote clock-in and clock-out throughout the remote working period.
For those who need to visit the office for any urgent requirement, we are ensuring complete hygiene within the premises.
Headquartered in Hyderabad and Singapore, Ozonetel has several industry firsts to its credit in the area of Cloud Communication. We talked to Chaitanya Chokkareddy, Co-founder & Chief Innovative Officer, about their planning to make work from home effective.
Chaitanya Chokkareddy-Co-Founder, Ozonetel
Ozonetel Communications is a pioneer of cloud communication solutions and as per Dept. of Telecom (DoT) regulations, calls can be converted to VOIP (Voice Over Internet Protocol) and connected to agents’ phones within the OSP sites’ local network. This will allow organizations with OSP license to extend the call from OSP site to be connected to agents’ phones at their home over VPN.
VPN will allow access of all applications that are accessible to an agent at OSP site. Since Cloud Agent delivers all agent tools including a phone call in browser, it’s a seamless transition.
We are helping all our clients/customers to set up this model of WFH. All those running IP based contact center like Cloud Agent can implement this, but for now it is limited by DoT for only who has the OSP license.
Dineout is India’s largest Dining out and Restaurant tech platform, helping more than 17 million diners monthly discover new restaurants, reserve a table, pay for their bills and get offers and discounts combined with a SaaS product offering to its restaurant partners manage their operations. We talked to Ankit Mehrotra, Co-founder & CEO, about their planning to make work from home effective.
Ankit Mehrotra-Co-Founder, Dineout :
Work from home as a policy is commonly followed by our teams in times of personal need but when we implemented self quarantine policy for the necessary folks, it seemed almost difficult to function. And a time like this where the entire office across all cities, including our Sales team who are majorly on field, to work from home is something we never imagined!
We are leveraging on technologies like Google Hangouts, Slack and Zoomfor work from home arrangements and ensuring continuity of the work.
The start and end to our day is just like before with regular communication and synergy within teams and with clients via video conferencing.
It continues to be challenging and we’re learning on the go, one day at a time with effective and ethical work practices virtually.
Bridged
Bridged uses a combination of AI and 13,000 strong highly skilled workforce to develop unique and vast data at scale significantly improving the quality of data models. We talked to Ashwin Chalam, Founder and CEO, about their planning to make work from home effective.
Ashwin Chalam-Founder, Bridged :
Employees at Bridged have recently started working from home, and we’ve put measures in place to ensure productivity does not decrease. We made sure that all employees have access to requirements such as a laptop, an internet connection, communication gear, work-related hardware & software, etc.
Concerning best practices, employees need to prioritize communication. This involves multiple video chats and protocols for communication and escalation.
Employees should update their teammates on the status of tasks at hand and inform them when they won’t be available during lunch breaks, casual rests, etc.
CarveNiche
CarveNiche is an innovative edtech startup, which is using latest technologies such as machine learning and advanced data analytics to personalise learning for K-12 education. We talked to Avneet Makkar, Founder & CEO, about their planning to make work from home effective.
Avneet Makkar-Founder, CarveNiche :
Have dedicated Work Space while working from home and setting a work schedule and sticking to it.
It is very important to not get distracted and be disciplined about your work as this way, one would be able to finish tasks at hand effectively and efficiently.
Docttocare allows the users to schedule their surgery appointment with the right doctor or hospital, which is best for their health and which is cost-effective. We talked to Sugandha, Founder of Docttocare, about what advice/suggestions she has for effective work from home.
Sugandha-Founder, Docttocare :
Hit the shower- To set the tempo, prepare as if it’s a normal day at work. Take a bath and get dressed.
Communication: Video call is must.
Never work where you sleep.
Set up a workplace at home.
Don’t forget to log off- When the day ends, log off completely and take rest.
Work for 6 hours, that are more productive when WFH.
NowPurchase
NowPurchase offers a curated B2B e-commerce platform with over 50,000 industrial goods. The company has also developed a unique NowPaaS (Purchasing as a Service) for regular buyers where it combines its e-Commerce offering with a purchase management SaaS platform. We talked to Naman Shah, Co-founder, about their planning to make work from home effective.
Naman Shah-Co-founder, NowPurchase :
Understanding this and also the fact that with Work From Home employees can only spare 3-4 hours/day, we decided to start an initiative to complete the ignored but important work- CRM and Management Software implementation.
AppViewX
AppViewX is a modular, low-code software application that enables Certificate Management as well as Network Infrastructure Automation and Orchestration using an intuitive, context-aware, visual workflow. We asked Anand Purusothaman, Founder, about their planning to make work from home effective.
Anand Purusothaman- Founder, AppViewX :
Giving our team the flexibility to define work hours based on their family priorities, especially in this situation, has helped immensely. With kids off from schools and the mounting household chores, we made it clear that we understood this unique situation and supported it. This has gone a long way. We also conduct frequent virtual connects with leaders, informal coffee chats with the team, wellness initiatives and business updates to keep the team reassured that the business is on track, to ensure that they stay connected.
LegalWiz
LegalWiz is focussed on helping early-stage startups and small businesses stay compliant and maintain legal hygiene while maintaining the highest transparency on deliverables. We asked Shrijay Sheth, Founder, about their planning to make work from home effective.
We had planned well and hence were prepared. Team leads were giving full responsibility to ensure that operations and work protocols are maintained. That said, a team of 3 has been deployed to assist any team-member with any problems they may face. I am personally available to any team member who wants to connect and we have frequent discussions on coping with confinement and making work easier.
Tips for Managing Remote Teams effectively
Excess2sell
Excess2sell is India’s Premier and leading b2b excess inventory marketplace which covers multiple verticals. We talked with Mr Rajan Sharma, Founder & CEO, on about their planning to make work from home effective.
Fortunately, we are a tech based start-up and are fully geared to take our work home. So in terms of technology WFH is not much of a problem area for us. However, the complete lockdown has ensured that there is no movement of goods and hence not many fresh deals will happen during this period. We will definitely see the effect on our bottom line this quarter and probably in the next quarter too.
ZingHR
ZingHR is one of the oldest HRM providers. ZingHR is one of the few global ventures which offers almost all web/mobile-based modules from Hire to Retire Solutions with state of the art tech supporting those applications. We talked with Prasad Rajappan, Founder and CEO, about their planning to make work from home effective.
Prasad Rajappan-Founder, ZingHR :
Work from home is an unavoidable situation which we think can be utilised to focus on performance and achieve outcome-oriented results. “Results are the only true sign of excellence.” We think the best part right now that everyone can do irrespective who they are as follows:
Inspire people
Ask them to stay indoors
Practice hygiene
Unlearn and Relearn
Support peers and family
Not to spread Fake News
Pray
Primus Co-Work
We are a hyperlocal, proptech, consumer business which partners with restaurants, that open only during the night, to convert them into co-working places from Mon-Fri/10am-6pm, and have an mobile app using which the customers can look up a co-working place across multiple pincodes, make payment online and book a seat. We talked with Shardul Bayas, Founder, about their planning to make work from home effective.
Shardul Bayas-Founder, Primus Co-Work :
Talk to the team members over a call 2-3 times a day, do a zoom call every alternate day, checking with the team to ensure things are normal, doing followups on the work and preparedness.
Mamaearth
Mamaearth is Asia’s first Madesafe certified brand that offers 100% toxin free & natural baby and mama care products. We talked with Ghazal Alagh, C0-founder, about their planning to make work from home effective.
The first thing we did was to define a tiered policy. We figured out how much of each job role could be done from home (if at all). We then defined goals and deliverables— first as an organization, then on a team level, and finally at the individual level. We continue to do break this down on a monthly, weekly, and even daily basis. This helps everyone at the organization become much more aligned with their goals as we work from home.
Other than that, we realize this is a time of a lot of panic and fear. As a parent myself, I know that having children at home constantly, and not having access to domestic help, can also interfere with productivity at work. So we’re enabling more flexibility within the organization.
We’ve also allowing space for people to articulate their issues – we’ve defined a specific time when people can just talk about what they’re going through. At the same time, we’ve also made space for coming together as a community and sharing positivity — whether it’s through online games, contests, or just sharing photos and videos of our home office, and the small joys of coming together in this challenging time.
Metro and Metro
Metro & Metro is one of the leading manufactures of shoes and allied product in india. We talked with Meenakshi Kalsi, Business Partner, about their planning to make work from home effective.
Meenakshi Kalsi- Business Partner, Metro & Metro :
We can only handle the communication with the customers and the suppliers. But the manufacturing part is totally at the standstill as that requires labour to be present. To assist my team we are supporting them financially and taking care of their needs. There’s a regular meeting done through zoom video calls to check up on them.
Simply Fresh India
Simply fresh AI technology in farming for growing, nourishing, picking and processing. We talked with Sachin Darbarwar, Founder & CEO, about their planning to make work from home effective.
Sachin Darbarwar- Founder, Simply Fresh :
Almost all our corporate employees are working from home which includes teams like – HR, finance, IT, marketing, sales and legal. All our department heads are doing a wonderful job of connecting with their teams virtually and making sure the workflow is smooth as much as possible. We are making use of technology to stay connected and have video calls and group conference calls to maintain the business continuity. It is important during these time that we stay connected virtually and make sure we adhere to needs of our team as required.
Cosmo Films
Cosmo Films is a global leader in specialty films for packaging, lamination and labeling applications. We talked with Mr. Pankaj Poddar, CEO, about their planning to make work from home effective.
Pankaj Poddar-CEO, Cosmo Films :
We being a continuous process plant and also film suppliers to the food packaging industry; come under essential services and hence we have obtained permission to run operations with minimal manpower. Our remaining functions like Sales, Marketing, IT, Finance, Purchase, and HR are working from home to provide backend support to the plant for smooth operations.
As employees are working from home due to COVID 19, we have made necessary arrangements for our employees like the availability of laptops and systems, printers, required stationary and internet connectivity.
Ecolab Digital Centre
Ecolab Digital Centre focuses on finding solutions to real-world problems around water safety, energy conservation, food security, and healthy environments. We talked with Malahar Pinnelli, MD, about their planning to make work from home effective.
Malahar Pinnelli- MD, Ecolab Digital Centre :
We have always been using Video Conferencing to work with the US team, now we have started using those with the team here. Each manager connects with their team every day and that rolls up to the Managing Director. We have every 2 days a week, a mandatory video call to make sure people are still visually connected.
Surmount Business
Surmount Business practices targets to become a strategic partner to entrepreneurs and enterprises to help expand businesses beyond their existing roots, professionalize their operations and enhance their Capital Efficiency. We talked with Niraj Bora, Founder, about their planning to make work from home effective.
Niraj Bora-Founder, Surmount Business :
We organize long video calls instead of just audios, play some games online weekly with the team, and keep in touch more often in order to keep the enthusiasm alive. We have also increased training sessions online in order to keep learning ongoing. People also get more negative be reading and hearing daily cases and hardships on media, so I have tried sharing cover-19 recovery stories discussion with teams as well. A piece in last Sunday’s ET covered that very well and sharing with everyone gave positivity to the team mindset.
For some out of office chats, we have WhatsApp group where team posts any new thing they do like cooking, new indoor game, etc.
FAQs
What is a work from home model?
The Work From Home model allows employees to work remotely. Employees get the flexibility to work from anywhere. It is location-independent.
What essentials do you need to work from home?
Computer/Laptop with webcam and mic
Proper Internet Connection
Essential Software/Tools as per the work/business requirement
How do you connect with employees working from home?
In the WFH model, a virtual office for employees is set up. Offices use the best video conferencing and team collaboration tools to connect with employees. A shared portal for employees is created to share personal as well as professional updates.
The COVID-19 pandemic has effectively brought normal life to a halt in whole world. Social distancing, work from home and a lockdown are the only ways to stop the spread of this virus. Situation is not different in India too. The Indian government has done the smart thing by implementing a 21-days lockdown along with an international and domestic flight ban, and a stoppage of the railway service. But, this lockdown, work from home will impact Indian economy.
Transportation has stopped, manufacturing units are closed, shops which sell non essentials are closed, so this will affect economy for sure. One of the biggest potential impacts to India’s employment and economy could be the shuttering of manufacturing plants and assembly lines in the tech sector. So, this will affect startups too.
MyGate is India’s leading security and community management solution for gated premises. MyGate helps residents to manage guest entries and delivery executives. We talked to Vijay Arisetty, Co-founder & CEO, on policies the company has adopted with respect to the recent outbreak of Coronavirus.
Quick access to medical expertise and credible information, particularly in the era of social media, is extremely important in the fight against coronavirus. We are very keen on raising awareness on the matter and ensuring the availability of qualified medical advice for our 1.5 million+ users, and found strong partners in digital healthcare platforms DocsApp and mfine who promptly agreed to offer online consultation via their nationwide doctor network. Their doctors were kept busy over the weekend, with 2800 consultations completed over the last weekend alone, at no cost to our users.
Rising Sun
Inatur Ayurveda & Aromatherapy manufactures Organic and Natural skin, hair care and wellness products. These are safer, eco-friendly, and more effective skin care products. We talked to Pooja Nagdev, Founder and CEO,on policies the company has adopted with respect to the recent outbreak of Coronavirus.
We have taken the following steps to ensure the safety of all our customers, our partners & most importantly our employees.
Our manufacturing facility, office and retail stores are being disinfected regularly.
All employees have been given complimentary gloves, sanitisers & masks which are to be used at all times, without fail.
Strict measures are taken against anyone working in an unhygienic way.
Zamit
Zamit- a one-stop platform that networks & supports school ecosystems to be future-ready. It is an information, engagement and interaction platform that networks schools, students, teachers, parents, and school service providers. We talked to Aarul Malaviya, Founder, on policies the company has adopted with respect to the recent outbreak of Coronavirus.
The various steps taken by the company are as follows-
Our HR has created a ready-to-refer document and shared it with every employee of the company which contains all the information related to the virus and preventive measures to be taken. (The information is taken from verified sources)
Hand sanitizers are being placed at every entrance of the office and in all cabins/rooms of the office. The employees are asked to wash their hands at regular intervals and only enter the office premises on washing your hands using waster or Hand sanitizers.
The employees have been asked to communicate using various communication platforms like slack, hangouts etc. as much as they can to maintain social distance.
All the employees are being given strict instructions to clean and sanitize their stuffs like laptop, bags, mouse & mouse pads, phones etc. using Antiseptic Wipes which are placed in every room/cabin of the office.
The cleaners are instructed to clean the office using an antiseptic liquid throughout the day in equal intervals of time.
Disposable gloves are being provided to the cleaners and the people managing the pantry. The gloves will be worn every time they are serving any food item to anybody in the office.
Time slots have been given to each department of the office for lunch in the pantry to avoid employee’s exposure to crowded areas.
Face masks are made available in the office for every employee. Whoever feels the need, someone who is coughing, sneezing, running nose or symptoms of COVID-19 will have access to the mask.
Lastly, info graphics, posters are set up across the office as a way of encouraging the employees to eat food & adopt practices which will help in immunity building of the human system.
CASA EXOTIQUE
The company has been exploring the depth of Interior Designing and Styling with the help of a remarkable team of professionals who takes each and every turn to make your vision come to life. We talked to Ms. Bhawana Bhatnagar, Interior Stylist, Founder, on policies the company has adopted with respect to the recent outbreak of Coronavirus.
After consulting with experts in the field, we have adopted a number of routines to ensure that the risk of any possible outbreak is minimized.
The workplace is routinely cleaned and sanitized to provide a safe working environment for our employees.
Travelling, especially overseas, has been restricted and is permitted only in urgent or exceptional cases.
We have also employed a temperature gun at the office so that in case anyone contracts the sickness, it could be detected at the earliest. This would help prevent the disease from worsening and would also prevent the infection from spreading.
We have also asked sick employees to stay at home and we’re providing flexible leave policies as well. The alcohol-based sanitizer has also been made mandatory at the workplace.
121 Experiences
121 Experiences specializes in experiential brand communicating solutions to drive behaviour changing consumer habits. We talked to Aniket Sharma, Co-founder & CEO, on policies the company has adopted with respect to the recent outbreak of Coronavirus.
Following policies have been implemented starting this week –
Office will be open from 11am to 4pm Monday to Saturday.
No visitors will be allowed within the office premise.
All employees who have laptops need to work from home; also they need to be available on phone calls and emails during office hours.
For those who cannot work from home, a rotational cycle for attendance will be applied.
Avoiding non-essential local travel.
Domestic and international travel must be prohibited.
In their endeavor to create the most authentic and memorable fan experiences across the world, MyStarHub provides a platform where fans can book personalized video shoutouts from their favorite celebrities. We talked to Swapnil Mahajan, Founder, on policies the company has adopted with respect to the recent outbreak of Coronavirus.
The safety of our employees is of utmost importance for us, and understanding the seriousness of the situation, we have been constantly tracking the turn of events.
We have been maintaining the highest hygiene standards within the office premises and communicating detailed guidelines for personal safety and hygiene.
Initially, we started by restricting travel and face-to-face meetings to only urgent ones. But as the coming few days are crucial for India to control the spread of Coronavirus, we have declared work-from-home for all our employees since March 18.
Sify Technologies
Sify is the largest ICT service provider, systems integrator, and all-in-one network solutions company on the Indian subcontinent. We talked to Praveen Krishna, Investor Relations, Public Relations & Corporate Communications, on policies the company has adopted with respect to the recent outbreak of Coronavirus.
At Sify we have taken certain precautionary measures to safeguard the employees like daily mailers on hygiene, use of santizers, awareness through WHO videos, reporting colleagues who might be coughing or sneezing inordinately, no physical contact with each other, etc – Specifically, these are the is what is being implemented.
People
Stipulation that everybody should sanitise their hands a minimum of 4 times in the day.
Report anybody who is coughing or sneezing inordinately.
No shaking hands
Hydrate with warm water regularly.
Precautions
Daily mailers on maintaining hygiene.
If in doubt, get it checked at the nearest designated hospital.
Recommended home quarantine for 14 days on the advise of a medical practitioner.
In the event of co-habited work space, they have to have sanitisers on the desk.
WHO videos on best way to avoid and if contracted what to do.
Videos on fundamentals, for e.g. how to wash hands, how to wear a mask when out in public, what to avoid etc
All events, offsites etc have been cancelled.
Travel
If carpooling, recommended to exercise caution and not drive other’s vehicles.
International travel has been completely barred.
Domestic travel is also being monitored with hot spots like Delhi, Hyderabad and now Bangalore not recommended.
Quarantine
Anybody who has internationally travelled in the last 30 days is quarantined for 14 days as a precaution and a report is shared with the travel and health authorities.
Team Pumpkin
Team Pumpkin is a 360 Degrees Marketing & PR agency commenced its operations in 2012 with a clear mission to help brands win in the Marketing and PR space. We talked to Ranjeet Kumar, Co-founder, on policies the company has adopted with respect to the recent outbreak of Coronavirus.
We were one of the first few offices to declare WFH for all our teams.
We had taken a note right from the beginning and have been preparing to tackle the situation.Initially, we created a COVID-19 response plan and shared it across teams to keep them aware of the probable actions according to the corresponding situations. This was shared along with detailed information about the transmission of the virus and guidelines to ensure safety.
Sensing the seriousness of the situation we had limited travel only to the critical ones and restricted in-person interviews and meetings at all our offices.
The use of the biometric machine has been completely stopped and attendance management is being done through the partner app.
75F provides Internet of Things (IoT) hardware & software building products that makes office building more energy efficient, controlled and comfortable. We talked with Mr. Deepinder Singh, CEO, on policies the company has adopted with respect to the recent outbreak of Coronavirus.
75F Technologists and Sales Teams is working remotely to provide troubleshooting, ongoing training, best practices, and guidance to its customers.
Their Facilisight are fully operational through which customers can monitor, manage, and control buildings remotely through their desktop, tablet or 75F apps to lower set points, power down building lighting, or bring down unused zones or floors selectively to conserve costs and equipment.
75F warehouse are fully staffed, and their flexible cloud-based infrastructure will ensure minimal disruption to the business.
Dineout
Dineout is India’s largest Dining out and Restaurant tech platform, helping more than 17 million diners monthly discover new restaurants, reserve a table, pay for their bills and get offers and discounts combined with a SaaS product offering to its restaurant partners manage their operations. We talked to Ankit Mehrotra, Co-founder & CEO, on policies the company has adopted with respect to the recent outbreak of Coronavirus.
At Dineout, our team is our extended family, and their health and safety always comes first! When the coronavirus outbreak first hit globally, we were as surprised as everyone else however we did start taking preventive measures right from the beginning.
Rigorous office sanitisation, availability of masks and sanitisers, as well as a Self-quarantine policy was implemented under which all employees (or family) with a travel history outside India, or those who have been in contact with affected persons or even flu like symptoms were asked to self-quarantine themselves for 14 days.
We also urged our teams to cancel any work related travel, reduce visitors and fever screening through IR thermometers at the entrance for the last 2 weeks.
We also practiced social distancing at all our offices by sitting at alternate work stations and maintaining 6 feet distance at all times.
From Monday, 16th March, we implemented work-from-home policy for our teams across all cities until March 31st 2020.
Our sales teams have also been advised to focus on virtual training and virtual client support for the next two weeks. In fact our teams are also having lunch together digitally!
In such challenging times, we continue to work together to overcome operational hurdles by leveraging technologies like Google Hangouts, Slack and Google Meets to stay connected virtually and ensure continuity of work.
Huddle
With a rich pool of dedicated experts and mentors to support the growth of early-stage ventures, Huddle enables the ventures to take their business to the next stage. We talked to Sanil Sachar & Ishaan Khosla, Co-founders & CEO, on policies the company has adopted with respect to the recent outbreak of Coronavirus.
The current challenges due to Covid-19, act as a reality check for a lot of startups and large ventures to realize who their real customers are and how valuable their product/service is. In an environment where doing less is helpful, there is a lot of reduction in spends which is funneling out and reducing customer base, which indeed has a detrimental impact on the cash flows of a venture. For us, we have taken measures to help our ventures from day one to create businesses that have a strong back end and therefore, not only those that can sustain during such unfortunate and unexpected times.
This period of isolation and in the day and age where social distancing is important, companies will see a reduction in funding, financing of their working capital due to reduced sales or utilization of their service and product, but the gain from this ‘downtime’ is to create sustainability within ventures through offerings that can add value despite the environment. We are prepared to support our startups through infrastructure and our team, with the resources we have to help them sustain and not succumb to any of these losses. At a time like this, is when our Huddle of portfolios are standing strong together to support one another. For us, we are preparing all the measures to support our ventures. Luckily we have not seen any decline in the speed at which our companies are working, and our onboarding of newer companies, because innovation is needed now more than ever.
Zolo provides fully managed, long-term affordable stay options with a warm and homely environment. We talked to Dr. Nikhil Sikri, CEO & Co-Founder, on policies the company has adopted with respect to the recent outbreak of Coronavirus.
At Zolostays, the safety and health of our residents and our employees is of out utmost priority. Since we operate a co-living model, we have come up with specific policies to tackle the spread of COVID-19 for both our employees and our residents.
For Employees
We have advised employees to ‘Work from Home’, if they are experiencing any kind of flu, cold, cough and breathlessness and have been asked to self-quarantine and get in touch with a doctor.
We have also encouraged hand hygiene by placing hand sanitizers around the offices and the commonly touched surfaces and objects are being wiped with disinfectants regularly.
We have also cancelled non-essential business trips and our efficient HR team regularly shares all the advisories released by the Ministry of Health and Family Affairs.
For Residents and HouseKeepers
We have initiated special training of the housekeeping staffs for the best practices of personal hygiene and sanitizing for COVID-19 prevention.
Personal Protective Equipment have also been provided to all our housekeeping and kitchen staffs including gloves and masks which are disposed off at regular intervals.
We have also provided hospital-grade disinfectants and cleaning agents approved by WHO for cleaning purposes.
All community activities have been suspended and a special trained support team is kept on standby to help the residents of any related COVID-19 instances.
Headquartered in Hyderabad and Singapore, Ozonetel has several industry firsts to its credit in the area of Cloud Communication. We talked to Chaitanya Chokkareddy, Co-founder & Chief Innovative Officer, on policies the company has adopted with respect to the recent outbreak of Coronavirus.
Ozonetel has adopted Work From Home (WFH) as one of their policies with respect to the recent COVID -19 outbreak. We believe that remote working model can be as efficient as working from office if we use the right tools. And since we can offer this option for our employees, we did.
Tjori
Imbibing cultural and traditional crafts from around the globe, Tjori is a platform for treasured designs across apparel, footwear, bags, decor, and jewellery. In keeping with the essence of our brand, it also offers a range of organic and ayurvedic skin care products, using secrets whispered through generations. We talked to Mansi Gupta, Founder & CEO, on policies the company has adopted with respect to the recent outbreak of Coronavirus.
We at Tjori are trying our best to create awareness and precautionary measures for our Tjori family, our employees, our vendors and our customers.
The measures taken under the office premises are that of compulsory mask on everyone who enters the office, a sanitization process for our vendors and customers who walk-in for their respective needs. The sanitization process contains the simple steps of handing a surgical mask and using an alcohol derived sanitizer has that helps killing the viability of the office.
The everyday cleaning processes has amplified and now every two hours a thorough cleaning is done.
The people who are ill have been given grace leave in-order to help them recover without any stress.
Packman Packaging
Packman Packaging is one of India’s largest manufacturers of corrugated boxes, corrugated rolls, bubble rolls, bubble pouches, courier bags, POD jackets, duct tapes, e-commerce shipping bags and more. We talked to Gaurav Jalan, Director and Founder, on policies the company has adopted with respect to the recent outbreak of Coronavirus.
Packman Packaging is trying what it can by implementing some of the things not just for the betterment of its employees but in a broader aspect its customers as well. Packman Packaging has already implemented certain work policies that include everyone from the workers and the management.
Packman Packaging is primarily working as a manufacturer so in the manufacturing unit, Packman Packaging has adopted a policy where the workers are being asked to work in shifts so that there will be a lesser number of attendances at a given time.
It will also ensure that every worker has a proper space to work because it is not crowded as it used to be before the pandemic days. As of now, this seems to work well.
Packman has a huge advantage because of its online store. And because of that the majority of the staff related to IT and customer service the marketing and sales teams are working remotely from their homes most of the time.
As for the senior management teams are concerned, the employees are working on a rotational basis. The management team members are working on alternate days. This way it not only helps the normal flow of work but also, ensures everyone remains safe.
The most important thing Packman Packaging has assigned its guards an added responsibility that whoever is entering the premises of the office and manufacturing unit he is making sure that everyone is getting their hands sanitized and wearing masks.
Also, there has been a floor manager assigned who is monitoring that everyone is washing their hands with sanitizer and wearing masks for every exit and entry in the respective floors.
Sick employees are advised to stay at home as much as possible.
Bridged.co
Bridged uses a combination of AI and a 13,000 strong highly skilled workforce to develop unique and vast data at scale significantly improving the quality of data models. We talked to Ashwin Chalam, CEO, on policies the company has adopted with respect to the recent outbreak of Coronavirus.
We’ve educated our employees on best practices (such as washing hands often and limiting physical contact) to implement during this health crisis.
We’ve placed hand sanitizers across spaces in the office, and even requested employees to practice social distancing and avoid unnecessary travel.
We’ve implemented a work from home policy.
With these efforts, we hope to flatten the curve by reducing the probability of our employees catching the virus, which is essential to mitigating this pandemic.
Covid-19, which has shaken the whole world has brought everyone’s life at halt. This highly contagious disease is spreading so fast that Indian Government has ordered 1.3 billion residents to stay home. In this lockdown period, all malls, theaters, companies, shops, restaurants, manufacturing units are shut. This will affect businesses and economy badly. Many companies have told their employees to work from home. But, its not possible for all companies like manufacturing units, theaters, malls to let their employees work from home.
People are also scared of going out. This coronavirus has made people’s lifestyle slow and it will take time for everyone including companies to come back on track after this long period of lock down. COVID-19 has put slowdown to a business everywhere. Travel, Hotel, Events, and Entertainment are the sectors that are suffering. But on the other hand, other sectors such as eCommerce, EduTech have benefited immensely.
How Industry and Customer Behavior will Change after Coronavirus Fight?
We have asked few companies about changes in industry and customer behavior with respect to their company after this coronavirus outbreak.
At this time people have become more aware and going back to the basics. I see that with respect to FMCG ethical labelling will be enforced and people will more watchful of the ingredients they are consuming. The trend for natural and organic care will be the rise.
Indi Collage
Anuradha Singh
At the moment people are more inclined towards online shopping but once the epidemic comes under control we expect to see more of experience based buying & shopping as a social interaction
Tres’Chic Academe
Chitra Balasubramaniam, CEO
Since we operate online most of the time doing business the customer satisfaction is high & this corona virus situation has made us realise our step taking our business online earlier & given us good dividends by doing so.
CASA EXOTIQUE
Bhawana Bhatnagar, Interior Stylist, Founder
There is no denying that business has taken a real hit because of the spread of this menacing disease. Many business firms are closing their stores, and numerous art and design fairs have been either canceled, postponed, or their upcoming plans have been modified. Moreover, due to the hindrance brought about in the global business, overseas procurement has become impossible. Due to this, the supply chain is going to be affected and this will change the dynamics of business. Customers are looking at products customized for them, made locally by us.
MyStarHub
Swapnil Mahajan, Founder & CEO
Well, we are already experiencing a shift from traditional gifts to personalized online gifting due to the digital revolution. With isolation being the key preventive measure in checking the spread of Coronavirus, digital gifting solutions will certainly get a boost.
While celebrations have been put on hold and people are staying indoors, getting a personalized video message from one’s favorite star on a special occasion will be a unique gift to cast off gloom in the environment and bring some cheerful moments to make the day memorable. Especially in the current scenario, being able to send and receive these celebrity video shoutouts that too without any fear of being exposed to the virus will gain popularity to keep the celebratory spirit on.
Just like every other industry, the digital media and advertising sector is also strongly impacted by the virus outbreak. Since consumers are locking themselves indoors to stay safe and social distancing has become the norm of the day, there is a likely boost expected in the consumption of content online. Internet penetration has already taken B2C marketing online, the isolation mandate due to COVID-19 will now de-popularize out-of-home advertisement and also lead B2B ad turn towards digital.
As people keep avoiding social gatherings and public places, they eventually would rely more on social media and therefore, the digital media consumption will increase significantly. Social networking platforms will shine even brighter during the need to stay connected and access content. And above all, digital marketing will provide immense opportunities for businesses to create leads without traveling and having any face-to-face interactions.
We are already seeing many companies curious to understand how the work from home model can work for their industry. We have executed Work From Home facility for Acko General within a quick time span. We do think this might act as a point where companies start thinking about their backup for remote functioning.
Dineout
Ankit Mehrotra, Co-founder & CEO
The pandemic has severely affected our operations and we’re seeing a heavy downfall in demand of our services at the moment. Social gathering is the key to our industry, while social distancing is the key to fighting this virus today and we’re strongly promoting it on all our platforms.
While we are not sure of the full consequences of the ongoing crises, this is certainly going to affect consumer behaviour as far as the F&B industry is concerned. Consumers will take some time to gain the confidence to go out again. The key is to provide for the safety and confidence for our diners once the pandemic subsides. We need to go above and beyond to make customers feel safe and engaging with them over the topic. A slew of measures can be taken as per the protocol prescribed by the Health Ministry, including increased access to hand sanitizers and hygiene procedures, body temperature checks for everyone at the premises, etc.
Meanwhile, we stand strong with our partners and are hopeful and positive for the betterment of the situation. We shall be ready with the help of technology to help serve both our diners and restaurants stronger and better than ever.
Packman Packaging
Gaurav Jalan, Director and Founder
It is too early to say currently, the industry is still operating as much as it can. But if it becomes a prolonged situation then there might be some issues but they will be temporary not permanent.
There might be a possibilities that sales of packaging materials may dip a bit because of several advisory such as not going outside a designated territory in that case several businesses that uses packaging materials will be affected.
One may also see rise in online sales that may still boost the packaging industry as it will open an avenue for supplying their products to several e-business platforms.
For Packman, their customers are the assets so it will ensure that it can continue its services to its clients and customers. In general one should be prepared and monitor where the company and industry will go in these tumultous times. Customers also understand what is going on so we are sure that our customer will still view us in the same light as they do.
We expect potential and present clients to become conservative with their expenses. Businesses will not be looking to experiment much (with good reason) and will only want to work with teams that have a proven track record and can satisfy critical requirements.
The coronavirus outbreak doesn’t change the fact that businesses are in the information age, and they will need access to high-quality data. Bridged’s USP is that we provide businesses across industries (primarily AI/ML and financial services) with a cost-effective and scalable data solution. During these trying times, we will leverage that.
With respect to the co-living space that we operate in, we will most likely see a decline in the number of bookings as this is a pandemic situation which has been declared by the World Health Organization and social distancing is the need of the hour. However, we do have single room occupancy which could also have higher response rate for our prospective customers and existing residents to shift into.
The online education market is expected to grow at a compounded annual growth rate (CAGR) of around 44% between financial years 2019 and 2024, these trends are expected to disrupt the industry going forward. Keeping current trends in mind, ed-tech services will offer immersive and industry-specific learning across larger groups. Online learning and personalization of education will garner prime importance.
ZEUX Innovation
Hemal Gathani, Co-founder
Post the COVID pandemic, we will see the world becoming even flatter. COVID will teach people how to work remotely. And companies would want to take advantage of the best available talent from across the globe at the right price with the location not being a factor.
We will also see a surge in spending on digital initiatives. Industries would want to digitize everything possible. But going digital won’t be a differentiating factor and won’t necessarily lead them to success. Companies that provide the best user experience on digital channels will take a lead.
This is the time to invest in enabling best in class user experience as not only businesses will be compelled to go digital but there will be a massive shift in user behavior to do more things online.
Tjori
Mansi Gupta, Founder & CEO
The most important thing is to inform the customers about the exact reality of the scenario and give guarantees and assurances about the safe guarding of their money and products. Nobody loses anything because of this and all people need to realise that we are just at a halt for the next 21 days’ post which all activities would resume better than normal.
The pre planning done at any situation always help the company and we are also banking on ours, but at this unforeseen times we solve every problem as it comes. Through this platform I wish to advice people to stay indoors and safe.
Apart from being a threat to public health, COVID-19 has also emerged as a threat to the global economy. Indian Government has put restrictions on regular movement, malls, public spaces, offices. Everything except essential things has been locked down. During this time of uncertainty and unrest, small businesses have been hit the hardest.
Flight, hotel booking firms are the worst hit. Whereas, at the same time, video conferencing providers and online education companies, messaging platforms and of course healthcare & pharmaceutical companies are witnessing a boom in demand but the situation has become for worse for the startups & small scale businesses as they have limited sources and capital.
Indian benchmark indices (BSE Sensex and NSE Nifty) have fallen over 20% this month with foreign investors pulling out around Rs. 38,000 crores fearing recession Analysts predict that the impact of coronavirus in India will shave off 0.5% of India’s GDP growth in FY21. The impact on Indian trade alone is estimated to be more than Rs 34.8 crores.
These macroeconomic headwinds have already affected sale of white labelled goods which contribute half of the GMV of ecommerce companies. Retrenchments and downsizing in the startup ecosystem have started to accelerate as businesses take a hard look at steep operational costs and dipping demand in an uncertain environment made worse by the Covid-19 pandemic. Oyo, Bounce, Udaan and Drivezy have begun laying off staff.
While India has taken early measures to contain the virus, there is still uncertainty around how long this pandemic might last. Governments in Europe and USA have already announced aid packages for small businesses and India might have to go down the same route to revive the economy.
How will small businesses survive during Corona Virus outbreak
We have asked few companies how small companies can survive when Corona Virus has affected the economy and so many businesses around the globe.
Rising Sun
Inatur Ayurveda & Aromatherapy manufactures Organic and Natural skin, hair care and wellness products. These are safer, eco-friendly, and more effective skin care products. Lets get views of Ms Pooja Nagdev, Founder and CEO, on how will small business survive during Coronavirus outbreak. The Coronavirus crisis presents the economy and businesses with challenges but also with some opportunities. All of us have got time now to review and reflect. This is the time to plan new strategies, check all costs and overheads. Small businesses will have to cut down unnecessary costs and expenditures in order to be profitable.
Indi Collage
Indi Collage is a Fractional Retail platform. It helps brands expand into new markets without the overheads of expensive retail spaces. We talked to Anuradha Singh, on how will small business can survive during Coronavirus outbreak. We are focusing on building a base & giving flexible options to our customers to take later tentative dates for booking their popups at our spaces.
Zamit
Zamit is an information, engagement and interaction platform that networks schools, students, teachers, parents, and school service providers. We talked to Aarul Malaviya, Founder, on how will small business survive during Coronavirus outbreak. Coronavirus has created a deep global recession across the world. In case of the Indian market, all the small businesses will suffer a short, serious but not catastrophic recession. Consumers should help these small businesses in any possible way they can since they’re the driving force for these businesses.
Tax relief is something which will help in relieving a major amount of pressure from these small business owners.
All the business owners need to opt for extra cost cutting in their businesses which includes- minimized travel, cancelling any non-essential subscriptions, reduce online sponsored posts, reduce or eliminate meetings to reduce expenses, pause any large costs that could be undertaken at a later stage.
They also need to set clear and realistic business plan and at the same time, motivating the employees to pull this off together as a team and irrespective of mode of working, every employee should be there to help each other as in when it is needed to keep the boat floating peacefully.
CASA EXOTIQUE
Established with an urge to deliver incredible experiences, Casa Exotique has redefined a new benchmark for remarkable interiors and exquisite finishes. We talked to Ms. Bhawana Bhatnagar, Interior Stylist, Founder, on how will small business survive during Coronavirus outbreak. Needless to say, this outbreak is detrimental to the economy – especially the small business firms that do not have very deep pockets to support their staff without doing business in the time of this crisis.
To survive this pandemic, there is a need to have open communication with the staff. Everyone can pitch in their ideas on how to keep the business running in such a tough time. By starting the chain of dialogue, more innovative ideas would come to light and effective plans can subsequently be put into place.
Obviously, if the situation gets worse, work from home will probably be the only option. Businesses that are based on IT infrastructure would find it easier to manage work than the ones that require fieldwork. Alternate working hours can be one option for such firms.
The time is beckoning to the employers to put contingencies and crisis management plans in action. Those who have worked out such plans would be at an advantage in the coming months in terms of managing their business.
121 Experiences
121 Experiences is India’s first ever out of the Line agency. 121 Experiences specializes in experiential brand communicating solutions to drive behaviour changing consumer habits. We talked to Aniket Sharma, Co-founder & CEO, on how will small business survive during Coronavirus outbreak.
All small businesses will need to learn to optimise their resources.
Maintaining transparency with the internal employees and customers can help with innovate solutions.
The spirit of survival is going to be the key, staying positive will help think straight in these times of difficulty.
Collaborating with competition instead of cutting costs will be pivotal to sail through together instead of trying to on up the other.
MyStarHub
In their endeavor to create the most authentic and memorable fan experiences across the world, MyStarHub provides a platform where fans can book personalized video shoutouts from their favorite celebrities. We talked to Swapnil Mahajan, Founder, on how will small business survive during Coronavirus outbreak.
Even though the Coronavirus has a negative influence on the market worldwide, it has also opened up doors of opportunities for smaller and unconventional businesses in the longer run.
In situations like this, the reliance of overseas suppliers will decrease and demand for local products will increase. Also with limited resources in hand, these small scale businesses, in particular, will innovate ways to survive the uncertainties and bounce back.
Besides this, the government aid and relaxations will help a lot of small businesses manage funds to keep the business going.
Dineout is India’s largest Dining out and Restaurant tech platform, helping more than 17 million diners monthly discover new restaurants, reserve a table, pay for their bills and get offers and discounts combined with a SaaS product offering to its restaurant partners manage their operations. We talked to Ankit Mehrotra, Co-founder & CEO, on how will small business survive during Coronavirus outbreak. We work with more than 40,000 restaurants in India, and the common concern right now is that since no one knows when this will end, there is no way to evaluate the potential business impact. However, it is also severely impacting the bottom line of small businesses like restaurants since their dining operations are temporarily closed.
We are advising our partners to look for ways to stay connected with their customers by means of adding flexibility in their operations. By offering a discount on take-home orders, free delivery, using popular delivery services and special discounts for its existing members opting for home deliveries.
While, no one knows how much longer this situation is going to persist, the one thing that has emerged from this crisis is the absolute need of technology! We’re working closely with our restaurant partners to support them with our B2B technology products in effectively managing deliveries.
We are also preparing for when this pandemic subsides and it’s business as usual to help our restaurant partners get back up and running powered stronger by technology.
Packman Packaging
Packman Packaging is one of India’s largest manufacturers of corrugated boxes, corrugated rolls, bubble rolls, bubble pouches, courier bags, POD jackets, duct tapes, e-commerce shipping bags and more. We talked to Gaurav Jalan, Director and Founder, on how will small business survive during Coronavirus outbreak.
No doubt coronavirus has impacted several businesses. But one needs to think about the bigger picture. Yes these are hard times particularly for small businesses. But with proper information and following certain guidelines they can survive it too.
If you take an example some markets in Mumbai have decided to work on alternate days just like an odd even program. One day markets on right and on other day the shops on left will remain open. This is a good concept and also ensures time to time income is generated. But yes cannot rule out certain degree of financial losses.
Bridged.co
Bridged uses a combination of AI and a 13,000 strong highly skilled workforce to develop unique and vast data at scale significantly improving the quality of data models. We talked to Ashwin Chalam, CEO, on how will small business survive during Coronavirus outbreak.
Here’s an opportunity for businesses to reassess their spending and identify areas of unproductivity. After that, businesses should direct all their efforts into ensuring that their money-making product/service keeps them afloat. Or, they might need to pivot and update their gameplan with new offerings, offerings that a coronavirus-affected market will accept.
Businesses will also have to make difficult decisions such as laying off loyal employees and scaling down on certain perks. But, until the coronavirus phase passes, they will have no other choice but to exercise monetary caution.
St. Angelo’s VNCT Ventures
With a unique approach to real estate development, SAVV Global offers value deliveries, superior design, world class amenities and infrastructure, coupled with timely deliveries and after-sales service. We talked to Mr. Agnelorajesh Athaide, Co-founder, on how will small business survive during Coronavirus outbreak. The pandemic is supposedly estimated to hit the economic growth by up to 50bps in FY 21, with the first two quarters slowing down at 4.4.5%, as per government sources. Although these are tough times, entrepreneurs can actually use this to effectively reflect and strategize the way forward, with a resilient attitude and a winning mindset.
Instead of spending the time counting the losses or panicking over the situation, the slowdown could actually be a boon. It is an opportunity allowing start-up founders to take stock of the situation, envision the market needs and demands after the pandemic is over, and gear up for a fresh start.
From learning new skills, conducting employee reviews, collaborating with new vendors/ chalking out an innovative product, to diversifying the business, the current lockdown can be effectively used as an opportunity by visionary and resilient entrepreneurs.
Skilfinity
Skilfinity is full service Digital Marketing & Analytics Company, with operations in Singapore & India. We talked to Ujjal De, Co-founder, on how will small business survive during Coronavirus outbreak. Now is the time for longevity and surviving the crisis and not trying to use the situation and health scare as an opportunity.
Build community and trust for your brand by giving back in any way possible, to ensure, when this all is over, people invest in your brand.
Evaluate the offline marketing strategy and switch to bring as many online eyeballs as possible for all business, across industries.
Keep calm, be tenacious, support other businesses in any way possible and take the necessary steps so that you come out of this disruption stronger than ever.
Grooming Naturals
Groominh Naturals owns the brand RAWNATURE which is a line of conscious beauty products that is natural, vegan and designed to work within Indian weather conditions and suited to our people. It cover products across skin care, hair care and bath and shower and cater to both men and women. We talked to Mohit Saxena, on how will small business survive during Coronavirus outbreak.
The key to survival will lie in managing what we can control. We will hopefully soon emerge from this crisis but even if we do, it will be far from over as the aftereffects of the COVID syndrome will stay for a while even after it is gone. Some of the areas we as a company need to be focussed on:
PRODUCT LEVEL
Look at our product portfolio and focus on what sells the most (say top 3 products). FOCUS ON OUR HERO PRODUCTS. This will help us reduce slow moving inventory risk and increase sales cycle. Also, the manufacturing will be easier as we will have only 20% of the SKUs that we will largely focus on.
Relook at what people need in this time and if we can offer that as a solution. We make grooming essentials that are natural and clean. For us introducing a line of hygiene products that are plant based and effective will be more important and a natural extension than say a line of skin care. CREATE A MUST HAVE PRODUCT LINE from our portfolio.
The consumers will be a bit wary for a while till the time the influence of COVID goes in the backburner. It will be prudent to GET MORE AFFORDABLE either by changing pack size or by offering more of the product at old price.
ORGANISATIONAL LEVEL
We will need to stay lean – Morally the last option is a lay off in these times. As entrepreneurs, we are responsible to our people and their families. Having said that, even the employees will agree that in these tough times, all hands need to be on the deck. Looking at salaries and minimising it basis seniority will be the need of the hour. Reducing manpower cost v/s the manpower itself should be the 1st priority
A complete freeze on hiring for a substantial period going ahead will also be needed. Multi-tasking, multi skilling and figuring more efficient ways of managing day to day operations using technology or even outsourcing of certain operations will become key.
PROFITABILITY and CASH FLOWS
Post COVID, the need to be profitable will be ‘urgent’. This immediately will become the new buzz word. Not growth rate, not GMV sales, not multiple markets but positive cash flows and profitability.
Plugging leaks in marketing and acquisitions drives, strategic alliances to reduce cost of sales, CRM and customer management, new markets and better GM’s on new products will be areas of focus till this financial winter thaws out.
Reduce all additional costs and go back to being a bootstrapped venture. Shut every single cost head that can be closed and rationalise/minimise the others.
FUNDRAISE
While it may sound contrary to the market sentiment, if your product and business model is solid, fundraise will happen. However, 9-12 months from now this sentiment may change in case the after effect of COVID does not subside. So, we need to get what we can and brace for a longer runway. Since our focus now will be on profitability, this runway can will be substantially longer with the same money than we expect and must be the way ahead till we see the summer again.
Emerging from this crisis will be a gradual process. It’s important to plan appropriately and find various alternate ways of sales and financing.
Hipcouch is an end to end interior design + build solutions startup based in Lower Parel, Mumbai. We talked to Pankaj Poddar, Founder, on how will small business survive when Coronavirus has affected the economy and so many businesses around the globe. Small businesses, as a first measure, have to look really hard at their expenses and trim out anything that might constitute as fat. Secondly, and equally importantly, you have to put in place a business continuity plan coupled with scenario analyses. We have never collectively faced so much disruption and uncertainty on a global level and preserving capital should be the topmost priority.
IoTfy
IoTfy is a #MakeinIndia IoT & AI cloud suite that superpowers consumer durable brands to add IoT capabilities to their device categories. We talked to Arpit Chhabra, Founder, on how will small business survive when Coronavirus has affected the economy and so many businesses around the globe.
At IoTfy we are deploying a futuristic approach to mitigate the impact of the 21 days lockdown, on the business. Given we are a products’ company, we have already started focussing on the next set of features/products that are in the pipeline. The idea is to utilise this time well and invest in future product conception and planning during this period, where most businesses are trying to focus on the recovery aspect. To that end, we have already started planning two quarters ahead and are gearing for the spike in demand IoTfy is expected to witness from the brand partners, who have suffered huge losses on account of the global supply chains being disrupted due to Covid19 outbreak.
Moving away from the hometowns to settle in big cities can be difficult. On top of that finding a good place to stay can be quite a daunting task. With limited facilities in college and university hostels, there is a need for budget accommodation within the vicinity. Also, the nightmare of dealing with a landlord after shelling out a fortune for an apartment can be intimidating.
But quality accommodation and housing segment for students as well as professionals is being explored widely in the metro cities. The trend that is catching on the millennials is – Co-living spaces. It allows youngsters not only to share residences with like-minded tenants but also offers amenities like Wi-Fi, furniture, furnishings and appliances without burning a hole in the pocket.
Founded in January 2015, NestAway was the first to tap in the then unstructured and fragmented space of shared housing rentals. It offers shared rooms, private rooms as well as full houses both non-furnished/furnished for affordable prices and zero brokerage. The startup has a huge team—500 members in all, catering to customers who are primarily in the 22-30 age category. NestAway received funds from total 13 investors including Ratan Tata, Flipkart, IDG Ventures.
The Delhi-based housing platform aims to provide a professionally managed accommodation and co-living residences to both boys and girls. 24/7 open kitchen to common lounges with TV to football to fun-filled weekend activities, stanza living has definitely made living away from home easier. Also, they provide discounts and offers at various restaurants through Stanza Social. Its monthly rentals range from Rs 7,000 to Rs 20,000. Stanza Living has 15,000 beds at present. The startup aims to have 100,000 beds registered under its domain by 2021. Stanza Living received funds from Sequoia Capital, Accel and Matrix Partners.
CoHo is one of the country’s first co-living spaces was founded in late 2015. It offers fully furnished accommodation on a sharing and individual basis with amenities such as hot food, wifi, laundry services, 24/7 security, along with access to common spaces such as lounges, games and reading rooms and special events such as poker nights. All this without any security deposit, brokerage or furnishing costs.
CoHo raised funds from veterans like Sachin Bhatia (Co-founder, MakeMyTrip and TrulyMadly), Rajesh Sawhney (Co-Founder, GSF and InnerChef), Mahesh Parasuraman (Ex-MD, Carlyle PE), Dheeraj Jain (Partner, UK based Hedge fund), amongst others.
Your Space is founded in 2016 by Karan and Shubha discussed the idea with Nidhi Kumra. YourSpace offers 1,200 beds in 11 hostels across India and charges between Rs 12,000 and Rs 25,000 per bed on a monthly basis, depending on the city and location.
It currently operates in New Delhi, Mumbai, Chandigarh, Jalandhar, Pune, Noida and Greater Noida. YourSpace provides safety, security, air conditioning, WiFi, furniture and bedding, medical aid, gym facilities, walk-in closets, and personal washroom. Your-Space has so far raised $1 million fund from angel investor and HNIs.
Bengaluru-based Zolo promises a hassle free co-living. Zolo is founded by Nikhil Sikri, Akhil Sikri and Sneha Choudhry. Their facilities include fully furnished rooms, hygienic and healthy food, daily housekeeping, internet facilities, security etc.
The cost of the bed comes to an average of Rs 6,000 to Rs 8,000 per month for twin-sharing rooms. The company has 600 employees spread across five cities and 18,000 beds.
StayAbode
StayAbode
StayAbode is founded in 2016 by Viral Chhajer, Varun Bhalla and Devashish Dalmiya. Bengaluru-based StayAdobe claims to have over 300 beds across five properties in South Bangalore with monthly rents ranging from Rs 12,500 to 35,000, depending on the type of property. A three-month deposit is payable by the tenant which is significantly lower than the usual norm in the city of 10- month deposit.
SimplyGuest is founded by Subbu and Ambareesha Athikunte and Mayank Pokharna. SimplyGuest is a platform accommodation catering to working professionals which offers fully furnished 1 bhk, 2 bhk, 3 bhk flat on an individual or sharing basis, without brokerage and only two months deposit.
It has close to 120 beds in private flats and another 27 in its hostel. The facilities provided by this platform include- a rent that comprises of electricity, water, 30-100 mbps WiFi, DTH, domestic help, repairs and maintenance, and unlimited LPG.
Placio
Placio
Placio is founded by Rohit Pateria, Ankush Arora and Atul Kumar Singh in March 2016. Noida-based housing platform offers fully furnished private and shared accommodation for students with comfortable and affordable living solutions ranging from basic budget to high-end luxury accommodation with pool/table tennis, playstation, book exchange counters and other facilities. Currently present in six cities, Placio has over 3,000 beds. Placio charges tariff ranges from Rs 10,000 to Rs 24,000 per bed, per person, per month.
Oyo Life is launched in October 2018 offering fully managed independent residential units, inclusive of contracting, furnishing, cleaning, maintenance, and in-stay services. Oyo Life has more than 10,000 beds signed and over 6,000 live beds and is adding over 1000 new beds every month.
Oyo Life provides essential amenities such as Wi-Fi connectivity, television, regular housekeeping, power backup, CCTV surveillance, and 24/7 caretaking. It charges rents starting from Rs 5999.
Oxfordcaps
Oxfordcaps
Founded by Annu Talreja, Priyanka Gera in 2017, Oxfordcaps provides technology-driven living experience to students in India and Singapore. Oxfordcaps provides a custom designed and standardized student housing product with a full-stack model of services and amenities.
It offers room on twin and triple sharing basis ranging between Rs 12,500 and Rs 19,000 per month. Currently, around 3,500 beds are operational by Oxfordcaps. It received funds from 500 STARTUPS (SE ASIA), Ready Ventures. It has estimated annual revenue of $3M.
CoLive
CoLive
Founded by Suresh Rangarajan in 2016, CoLive is an online platform that allows users to find shared workspaces and accommodations, flats and homes for rent. CoLive offers basic facilities such as housekeeping, laundry services, security and meals, gaming consoles, libraries, gyms, pools and high-speed Wi-Fi. CoLive charges Rs 6,500-9,500 for double sharing and Rs 13,000-18,000 for single-sharing depending on the area. It has received fund from SAR Group Family Office, Salarpuria Sattva.
RentMyStay is a Bangalore-based company which was started in 2015 by Kiran Nagarajappa and Rakesh Kamble. It is an online platform that makes renting as simple as checking into a hotel and provides a wide range of options from fully furnished apartments, villas, rooms to independent homes, for both short term and long term rentals.
RentMyStay follows the flexi rental model, RentMyStay allows one to rent a house for a few days to a few months. RentMyStay presently manages over 300 properties in Bangalore but planning to be starting its operations in Delhi/NCR, Pune, Hyderabad and Chennai.
Roomee
Roomee
Founded in 2017 by Ravichandran Annadurai, Roomee is a curated Marketplace for PGs ,Longstays & Co-living spaces. As a technology platform, Roomee is fully App enabled and it makes it easy to find and book Co-living spaces. Properties are thoroughly reviewed and curated and hence dependable. With the Roomee mobile app, you can virtually explore your future home from our wide assortment of thoroughly reviewed and handpicked PGs, longstays & co-living spaces.
Founded in 2014 by Dalmia Abhishek, Deepali Dalmia and Neeraj Mittal, Renaissance Living Spaces (RLS) which is a part of Renaissance Group has been in the student, executive and care giver housing (Hostel) business. Each accommodation has an experienced manager supported by full time wardens. This team is responsible to make sure that guests’ needs are addressed promptly, to their satisfaction.
Hello World
Hello World
Home rental network Nestaway is diversifying its offerings. The Hello World is independent subsidiary of NestAway. The Hello World co-living product is aimed at building communities for students and urban migrants.
A Hello World membership will also allow them access to engaging community activities, weekly gatherings, and an online community to exchange conversations, common interests and meet like-minded people. Hello World is currently present in 15 cities including Bengaluru, Hyderabad, and Pune.
Grexter Living
Grexter Living
Grexter Living is co-living space founded by Pratul Gupta, Nikhil Dosi. Grexter Living offers functional and built-to-suit urban studio rooms that provide all the necessary amenities and, at the same time, are aesthetically appealing. Catering primarily to salaried employees, fresh graduates, and techies in the age group of 18-30 years, the spaces they provide consist of a large common kitchen with another huge designated area that has lounges, gaming consoles, and home theaters.
A peaceful and friendly living space is what we all want and look for. This was our list of co-living spcaes startups. Hope this list is useful to find a perfect place for you to live. If you know more co-living startups, write in comment box below.