Co-working Space Provider Awfis Launches Its Operations in Pune

India’s largest shared spaces player and work enabler, Awfis Space Solutions launches its first community workplace in Pune at Baner. With the city emerging as the hub of investment in real estate and a gamut of new-age start-ups, Awfis aims to build a network of entrepreneurs and business community in the city through its convenient, just-in-time and inspiring work environment.

The brand new workspace has a capacity of 600 seats and will target corporates, SMEs, start-ups and freelancers. It will also aid as a proximity centre for employees rendering flexibility and adding productivity. In Pune, the idea of co-working has been grasped not only by start-ups and small working groups, but also by mid and large sized corporates which offers them well-integrated and synergised environment.

Commenting on the launch, Mr. Amit Ramani, CEO & Founder of Awfis said, “We were overwhelmed by the demand and need of experience led workspaces in the Pune market and decided to commence our operations here. It has been an exciting process for us to tap into the best opportunities and provide convenient new-age spaces for the consumer. We are offering the Pune community, the opportunity to interact with other community members across India and benefit from our workplace culture. This will allow them to expand their network in large markets. We are looking forward to creating an ecosystem in the city, enabling collaborative innovation and business networking opportunities.”

The company has signed up new centre at Viman Nagar and aggressively exploring opportunities at Bund Garden, Magarpatta, to name a few.

The office workplace today is witnessing a rapid change led by shrinking densities as technology is reducing footprints of the work-desk. The workplace transformation has begun in earnest and will see the biggest changes in the next 5-7 years due to factors like changing lifestyles of individuals, technology progressions, increase in intra – city commute time, and health and well-being taking the centre stage. With the real estate market in India revamping, there will also be a driving demand for office spaces focused on flexible leasing terms.

Celebrating expansion while creating a network effect, Awfis also plans to enter Tier II markets in the next few months. With plush interiors and plethora of services, Awfis extends its approach towards providing holistic work experience.

South Asia’s Largest Collaborative Coworking Space Network Raises $20 Mn from Sequoia India

Awfis Space Solutions Pvt. Ltd., South Asia’s largest network of collaborative co-working spaces, has received an investment of USD 20 million from Sequoia India. The funds will be used to grow its network of centers, launch new and innovative products/services and further enhance the existing technology platform.

Working towards achieving its target of having an Awfis centre within a 10 minutes driving radius in each of the key metros, the company plans to establish 100+ centres with 35,000+ seats across Mumbai, NCR, Bengaluru, Chennai, Hyderabad, Kolkata, and Pune in the next 24 months. Maple Capital Advisors acted as the financial advisor for the transaction.

Commenting on the investment from Sequoia India, Amit Ramani – Founder & CEO, Awfis said, “We have seen a huge demand in the market for co-working spaces and have created a shared economy platform that leverages technology. Awfis is transforming under-utilised real estate assets and providing an affordable and exciting new age work environment for today’s entrepreneur. We believe that this will facilitate a change in preference of the conventional office user from traditional offices to new age co-working spaces. We are thrilled with the market response and are confident that this funding will further enable our goal to have an ‘Awfis’ available anytime/anywhere in all major cities”

Awfis was jointly incubated by Amit Ramani and The Three Sisters: Institutional Office (‘TTS:IO’) with a total capital investment of USD 11 million in April 2015. Led by the three daughters of Mr. Rana Kapoor (Radha, Raakhe and Roshini), TTS:IO is an institutionally organized family office founded with the stated objective of incubating ‘new-age’ creative businesses.

Radha Kapoor Khanna - Sponsor, TTS:IO and Board Member, Awfis commented on the occasion saying, “India’s start-up and MSME community are extremely important for the growth, innovation and transformation of the Indian economy. An integral component for accelerating this eco-system is the creation of collaborative and high energy work spaces for the entrepreneurial community. We believe that Awfis, through its new age workspace designs and best in class technology is well positioned to bring in benefits of shared economy to start-ups, MSMEs and corporates. We are delighted with the induction of xxx into Awfis as we attempt to build scale and retain our No. 1 position in the market.”

Abhay Pandey, Managing Director, Sequoia Capital India Advisors, said, “Awfis is playing on two significant global trends - sharing economy and communities. This being delivered through a superior user experience at a lower total cost makes it more exciting. We are delighted to partner with Amit and team and TTS:IO in this journey.”
In a short span of two years, Awfis has shown remarkable growth and has achieved:

• A network of over 7,500+ seats across 21 centres in 8 cities across India


• Strong demand from an eclectic community of entrepreneurs, SMEs, freelancers and business corporates who have helped create a thriving community of over 5,000+ Awfis members



• An average 90%+ occupancy across its established centres



• A unique, ‘Just-in-Time’ booking facility through its customised mobile app and website

Apart from its own proprietary centers, Awfis also has a unique, asset light ‘managed aggregation’ model - partnering with space owners who have unused commercial space and transforming them into suitable places to work for the Awfis community.

The company has a successful shared economy business model that not just provides a network of ready to use workspaces across India, but also offers value driven services that can be booked ‘just-in-time’ through its website and mobile app. The Awfis Rewards program provides its members access to exclusive offers from 100+ renowned partners (including Amazon Web Services, Oyo Rooms, Hard Rock Café, SRL Diagnostics, etc).

The member base at Awfis includes a growing network of 500+ companies ranging from India’s leading startups/MSMEs to Fortune 500 companies, forming the largest co-working community in India.

Founded in April 2015 by Amit Ramani (MD & CEO of Nelson India and alumnus of Cornell University and SPA, New Delhi) with strategic backing from TTS:IO. Awfis is currently the largest player in co-working spaces in South-Asia and the second largest player in India when compared specifically with business centres. Awfis has created proprietary Grade-A, highly energetic and inspirational community work spaces across Mumbai, Delhi, Bangalore, Hyderabad and Pune and operates 21 Pro-WorkingTM centres currently. It currently serves over 5000+ members providing them with opportunities to network and grow through curated events and programs. Awfis Rewards Program is a recently launched initiative bringing over 100+ exclusive partnerships curated just for its members. The company has a competent team of 130+ professionals with strong experience and pedigreed background.

AWFIS, India's largest Co-Working Company Launches "Co-Working Centres" In Mumbai

India's largest Co-working company, AWFIS Space Solutions has entered the city of Mumbai by offering a seat for an attractive price of only ₹400 per person per day in key commercial locations which include Churchgate, Lower Parel, Andheri West and Powai.

Co-working or Shared offices provide professionals who are on the move within a city as well as between cities with a shared working environment, as well as flexibility for independent activity across the country. The product is targeted at start-ups, SMEs, mobile professionals, as well as lawyers, CAs, journalists amongst others who are looking at value for cost effective work and meeting spaces.

AWFIS is the first company in this space which has introduced a simple mobile app that enables users to find and book office and meeting spaces in its centres across the country. Just like taxi booking apps, users can book workspaces and meeting rooms on a real time. Bookings can be made for durations ranging from 1 hour to 11 months.

It has also introduced another major innovation for its users. Apart from its own managed pro-working spaces, Awfis is offering a large repository of listed third-party meeting rooms in hotels in various cities which can be booked on real time basis in a matter of seconds.

AWFIS has already tied up with leading hotel brands like Lemon Tree Hotels, Hyatt, Trident amongst others across India, for booking of their meeting rooms in business centres.

Commenting on the launch of AWFIS co-working spaces, Mr. Amit Ramani, Founder & CEO, AWFIS Space Solutions Private Limited said, "India is currently witnessing a revolution in the start-up and entrepreneurial culture, triggering a rise in the mobile working population. We are in process of creating the largest network of managed work spaces and meeting rooms that will enable users to find a space within a 10 minute driving distance across all major metros. The Anytime, Anywhere network of spaces will provide the ability to work near home to the young Indian workforce"

AWFIS is also partnering with India’s leading real estate companies and hospitality players, and aggregating the under-utilized work-spaces, meeting rooms, for creation of Awfis centres. All the centres and managed and operated by Awfis team providing a consistent and streamlined customer experience.

Just nine months since its inception Awfis has already catapulted itself into the largest player in the co working space in the country. It is now on track for a threefold increase in its capacity from 1500 seats currently in 7 centres operational across Mumbai, Delhi and Bengaluru to over 3000 seats by the end of March 2016 across 15 centres in Mumbai, Delhi and Bengaluru. Awfis has targeted 10,000 seats by the end of the year across 50 centres in seven cities.

To support its aggressive growth plan the company has already invested $3 million last year and have committed a total of $10 million investment to expand its business.

AWFIS, India's largest Co-Working Company Launches "Co-Working Centres" In Mumbai

India's largest Co-working company, AWFIS Space Solutions has entered the city of Mumbai by offering a seat for an attractive price of only ₹400 per person per day in key commercial locations which include Churchgate, Lower Parel, Andheri West and Powai.

Co-working or Shared offices provide professionals who are on the move within a city as well as between cities with a shared working environment, as well as flexibility for independent activity across the country. The product is targeted at start-ups, SMEs, mobile professionals, as well as lawyers, CAs, journalists amongst others who are looking at value for cost effective work and meeting spaces.

AWFIS is the first company in this space which has introduced a simple mobile app that enables users to find and book office and meeting spaces in its centres across the country. Just like taxi booking apps, users can book workspaces and meeting rooms on a real time. Bookings can be made for durations ranging from 1 hour to 11 months.

It has also introduced another major innovation for its users. Apart from its own managed pro-working spaces, Awfis is offering a large repository of listed third-party meeting rooms in hotels in various cities which can be booked on real time basis in a matter of seconds.

AWFIS has already tied up with leading hotel brands like Lemon Tree Hotels, Hyatt, Trident amongst others across India, for booking of their meeting rooms in business centres.

Commenting on the launch of AWFIS co-working spaces, Mr. Amit Ramani, Founder & CEO, AWFIS Space Solutions Private Limited said, "India is currently witnessing a revolution in the start-up and entrepreneurial culture, triggering a rise in the mobile working population. We are in process of creating the largest network of managed work spaces and meeting rooms that will enable users to find a space within a 10 minute driving distance across all major metros. The Anytime, Anywhere network of spaces will provide the ability to work near home to the young Indian workforce"

AWFIS is also partnering with India’s leading real estate companies and hospitality players, and aggregating the under-utilized work-spaces, meeting rooms, for creation of Awfis centres. All the centres and managed and operated by Awfis team providing a consistent and streamlined customer experience.

Just nine months since its inception Awfis has already catapulted itself into the largest player in the co working space in the country. It is now on track for a threefold increase in its capacity from 1500 seats currently in 7 centres operational across Mumbai, Delhi and Bengaluru to over 3000 seats by the end of March 2016 across 15 centres in Mumbai, Delhi and Bengaluru. Awfis has targeted 10,000 seats by the end of the year across 50 centres in seven cities.

To support its aggressive growth plan the company has already invested $3 million last year and have committed a total of $10 million investment to expand its business.