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Plus Offices Looking to Raise $5 million to Open More Co-working facilities in India

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Plus Offices Looking to Raise $5 million to Open More Co-working facilities in India
Plus Offices Sector 67

Coworking Space Is on the upswing not only in Gurgaon but in other parts of the country.

Plus Offices is one of the late entrants in the market but they are one of the fastest growing coworking space in Gurgaon. Plus Offices is now eyeing a bigger pie of the cake in the co-working space. They provide customized productive shared work-spaces and tailor made services for entrepreneurs, freelancers, startups, mentors, consultants, small businesses and large enterprises. The offerings are varied in nature and can be tailor built for various customers according to their work demands.

Started in year 2018, Plus Offices has now expanded its coworking locations in Sector 44 and Sector 67, Gurgaon. With an increase in demand for more coworking office spaces, Plus Offices is now looking to raise funds for expansion in the coworking space domain both in Gurgaon, Delhi & NCR and finally to various parts of the country.

Mr Ravi Kikan, who has been a startup specialist and has had multiple exposures in the startup ecosystem is currently leading Plus Offices in India as a Chief Operating Officer and as part of the founding team based out of Gurgaon. He says ” We are looking at building Plus Offices as productive Coworking Space in Gurgaon and hope to become one of the key players in this category by 2019-20, we have aggressive plans across India” . He also added that ” Startups, Growth bound ventures, SMBs and Corporates all need coworking and productive workspaces beyond the regular brick and mortar offering which everyone has. To be a differentiator we are planning to help our coworkers in growth and expansion without any hassle or additional pinch on pricing”

Mr Ravi Kikan also runs Startup Specialists Community on LinkedIn https://www.linkedin.com/groups/56766/ which has around 300,000+ global members who are startups, mentors, entrepreneurs, consultants and startup lovers from across the globe. He added ” Our bigger objective will be to create a big, vibrant, productive and useful community of startups, growth ventures and SMBs who can co create, collaborate and look at Coworking beyond the regular hot desking and stylish infra structure”

Plus Offices was initially funded through family and friends and some Angel investors from Delhi and NCR. After the first seed round they got into strategic alliances with a couple of real estate players to work as an operating partner to build and expand Coworking Work Space in Gurgaon.

The business has ambitious growth plans, particularly since the opening of its second coworking facility at sector 67, Gurgaon. The current estimated Coworker strength is around 1000+ coworkers at both the Coworking facilities in Gurgaon which is bound to increase to around 3000+ by this year end in both the facilities.

Looking at the bigger opportunity in the Coworking Space domain, Plus Offices is now looking at raising around $5 million to be fueled into growth planning and expansion into new regions in India and building bigger and better collaborative coworking spaces to help Startups and SMBs at large.

Plus Offices provides unique amenities which a class coworking facility would have including wifi, storage, ample parking, shuttle services, a café where members can purchase healthy food items, a lounge and event spaces, complimentary coffee and tea, recreational areas including a mentor program.

Plus Offices has built a relaxing environment where startups, SMBs, small business owners can connect with a network of resources and services that can help their business grow,” said Mr Ravi Kikan.

Mr Ravi Kikan also added “If you are a Entrepreneur, Consultant, Startup, SMB or Corporate who is waiting to expand or move into a newer or bigger or productive facility, we would love to connect with you and host you at Plus Offices. The whole objective is to bring a great experience for the Coworker who is working at our Plus Offices facility so that he or she is more productive and enjoys his focus on work”

Plus Offices provides not only shared amenities and resources, but also a sense of community, networking, and idea exchange among other things. Besides this, Plus Offices was started with an agenda to encourage the startups and women entrepreneurs by offering flexible membership agreements.

Coworking spaces, though a relatively new concept in India, has become a hot property with growth in the number of new startups in Gurgaon.

There are around 70+ Startups, 5 SMBs which are currently coworking with Plus Offices and the plan is to have around 500+ Startups and SMBs to be a part of Plus Offices in the Coworking Space in Gurgaon.The overall plan is to have around 20,000 Coworkers working out of various Coworking facilities of Plus offices in 2019-2020.

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Suman Chaudhary
An engineer by education and writer by profession, Suman keeps tab on startup ecosystem of India and leads the research team of IndiaWeb2 for covering funding deals, merger & acquisition and market reports.

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