Delhi headquartered, WorkoLab unveils its first co-working space in the heart of Gurgaon followed by one in Pusa Road, New Delhi today. WorkoLab is India’s first co-working space with an objective to facilitate research among the emerging entrepreneurs and researchers. Spread over an area of 12500 sq ft. (both facilities), WorkoLab offers a collaborative space coupled with research guidance by India’s youngest scientific minds with an aim to infuse innovation into your start-up idea. Co-working spaces continue to experience a high growth trajectory in India and expected to receive over $400 million in investment by 2018. The segment is expected to grow by 50 per cent in 2017, according to a recent study by JLL.
Co-founded by Yashraj and Yuvraj Bhardwaj with an initial seed capital amount of INR 3 Crore from Mr. Jasmit Singh Marwah, Marwah Group and Mr. Aman Maheshwari, Allen Career Institute, the twin brothers identified an existing gap in ‘lack of coworking spaces and research hubs altogether at the same place’. The company has an aggressive roadmap ahead with a rapid growth plan and expansion to other cities like Mumbai, Pune, Kota, Chandigarh, Hyderabad, and Jaipur by March 2018. In the second phase, WorkoLab plans to take an international leap starting with Malaysia and Singapore and thereby launch 100+ centres in next 3 years across the globe.
Commenting on the launch, Yashraj Bhardwaj, CEO & Co Founder, WorkoLab said, “We are excited to build a thriving start-up community through the launch of WorkoLab. We are not just another coworking but are trying to trigger the spark of innovation into Startups. The space can be used for research, collaboration, networking and support, a space where we bring together a community of like-minded graduate students, entrepreneurs, Startups, software developers along with relevant mentors into the same eco-system.”
Commenting on the partnership, Mr. Jasmit Singh Marwah, Managing Director, Marwah Group, said “We see this partnership as a great opportunity for spotting innovation and accelerating it to market, for helping individual ideas to grow, and for shaping new threads of collaboration. WorkoLab is transforming under-utilised research & innovation that is lacking in India today and providing an affordable and exciting new age work environment for today’s entrepreneurs and young researchers.”