WeWork India to Launch ₹615–₹648 IPO on October 3; OFS Totals Over 46 Million Shares

Mr. Vinayak Prarameswaran, Chief Investment Officer, Mr. Karan Virwani, MD & CEO & Mr. Clifford Lobo, Chief Financial Officer, WeWork India Management at the WeWork India IPO conference.

• Anchor Investor Bidding Date – Wednesday, October 01, 2025
• Bid /Offer Opening Date – Friday, October 03, 2025, and Bid/ Offer Closing Date –Tuesday, October 07, 2025
• Bids can be made for a minimum of 23 Equity Shares and in multiples of 23 Equity Shares thereafter
• Red Herring Prospectus (“RHP”) link: https://wework.co.in/investors-relations/Red%20Herring%20Prospectus.pdf

WeWork India Management Limited (the “Company”) proposes to open an initial public offering (“Offer”) of its equity shares of face value of ₹10 each (“Equity Shares”) on Friday, October 03, 2025. The Anchor Investor Bidding Date is one Working Day prior to Bid/Offer Opening Date, being Wednesday, October 01, 2025. The Bid/ Offer Closing Date is Tuesday, October 07, 2025.

The Price Band of the Offer has been fixed from ₹ 615 per Equity Share of face value ₹10 each to ₹ 648 per Equity Share of face value ₹10 each. Bids can be made for a minimum of 23 Equity Shares of face value ₹10 each and multiples of 23 Equity Shares of face value ₹10 each thereafter.

The company’s initial public offering comprises an Offer for Sale (“OFS”) of equity shares of up to 46,296,296 equity shares. The offer for sale comprises up to 35,402,790 equity shares by Embassy Buildcon LLP (“Promoter Selling Shareholder”), and up to 10,893,506 equity shares by 1 Ariel Way Tenant Limited (“Investor Selling Shareholder”).

Mr. Karan Virwani, MD & CEO, WeWork India Management addressing the audience at WeWork India Management’s Initial Public Offering

The Offer is being made in terms of Rule 19(2)(b) of the SCRR read with Regulation 31 of the SEBI ICDR Regulations. The Offer is being made through the Book Building Process, in compliance with Regulation 6(2) of the SEBI ICDR Regulations, wherein at least 75% of the Net Offer shall be available for allocation on a proportionate basis to Qualified Institutional Buyers (“QIBs”) (the “QIB Portion”), provided that our Company in consultation with the Book Running Lead Managers, may allocate up to 60% of the QIB Portion to Anchor Investors, on a discretionary basis (the “Anchor Investor Portion”), of which one-third shall be reserved for domestic Mutual Funds, subject to valid Bids being received from domestic Mutual Funds at or above the price at which Equity Shares are allocated to Anchor Investors. In the event of under-subscription or non-allocation in the Anchor Investor Portion, the balance Equity Shares shall be added to the QIB Portion (excluding the Anchor Investor Portion) (“Net QIB Portion”).

Further, 5% of the Net QIB Portion shall be available for allocation on a proportionate basis to Mutual Funds only and the remainder of the Net QIB Portion shall be available for allocation on a proportionate basis to all QIBs, including Mutual Funds, subject to valid Bids being received at or above the Offer Price. However, if the aggregate demand from Mutual Funds is less than 5% of the Net QIB Portion, the balance Equity Shares available for allocation in the Mutual Fund Portion will be added to the remaining Net QIB Portion for proportionate allocation to QIB. If at least 75% of the Offer cannot be Allotted to QIBs, then the entire application money will be refunded forthwith. Further, not more than 15% of the Net Offer shall be available for allocation to non-institutional investors (“Non-Institutional Investors” or “NIIs”) (the “Non-Institutional Portion”) of which one-third of the Non-Institutional Portion shall be available for allocation to Bidders with an application size of more than ₹200,000 and up to ₹1,000,000 and two-thirds of the Non-Institutional Portion shall be available for allocation to Bidders with an application size of more than ₹1,000,000 and under-subscription in either of these two sub-categories of Non-Institutional Portion may be allocated to Bidders in the other sub-category of Non-Institutional Portion in accordance with the SEBI ICDR Regulations, subject to valid Bids being received at or above the Offer Price. The allocation to each Non-Institutional Investor shall not be less than the minimum application size, subject to availability of Equity Shares in the Non-Institutional Portion and the remaining available Equity Shares, if any, shall be allocated on a proportionate basis in accordance with the conditions specified in this regard in Schedule XIII of the SEBI ICDR Regulations.

Ms. Neha Agarwal, Managing Director & Head, Equity Capital Markets, JM Financial, Mr. Vinayak Prarameswaran, Chief Investment Officer, Mr. Karan Virwani, MD & CEO, Mr. Clifford Lobo, Chief Financial Officer, WeWork India Management & Mr. Gautam Benjamin (Business Head – Digital and Technology) at their press conference to announce their Initial Public Offering.

Further, not more than 10% of the Net Offer shall be available for allocation to retail individual investors (“Retail Individual Investors” or “RIIs”) (the “Retail Portion”) in accordance with the SEBI ICDR Regulations, subject to valid Bids being received at or above the Offer Price.

Further, Equity Shares will be allocated on a proportionate basis to Eligible Employees applying under the Employee Reservation Portion, subject to valid Bids being received from them at or above the Offer Price (net of Employee Discount, if any, as applicable). All Bidders (other than Anchor Investors) shall mandatorily participate in this Offer through the Application Supported by Block Amount (“ASBA”) process and shall provide details of their respective bank account (including UPI ID for UPI Bidders) in which the Bid Amount will be blocked by the SCSBs or the Sponsor Bank(s), as the case may be, to the extent of their respective Bid Amounts. Anchor Investors are not permitted to participate in the Offer through the ASBA process.

The Equity Shares of the Company are proposed to be listed on BSE Limited (“BSE") and the National Stock Exchange of India Limited (“NSE”) (BSE and NSE together, the “Stock Exchanges”).

JM Financial Limited, ICICI Securities Limited, Jefferies India Private Limited, Kotak Mahindra Capital Company Limited, and 360 ONE WAM Limited are the Book Running Lead Managers (“BRLMs”) to the issue.

All capitalised terms not defined herein would have the same meaning as attributed to them in the RHP.

Disclaimer: WeWork India Management Limited (the “Company”) is proposing, subject to receipt of requisite approvals, market conditions and other considerations, to make an initial public offer of its equity shares and has filed the red herring prospectus dated September 27, 2025 (“RHP”) with the Registrar of Companies, Karnataka at Bengaluru. The RHP is available on the website of our Company, at https://wework.co.in , SEBI at www.sebi.gov.in as well as on the websites of the book running lead managers, JM Financial Limited, ICICI Securities Limited, Jefferies India Private Limited, Kotak Mahindra Capital Company Limited and 360 ONE WAM Limited at www.jmfl.com, www.icicisecurities.com, www.jefferies.com, https://investmentbank.kotak.com, and www.360.one, respectively, and the websites of the stock exchanges at www.nseindia.com and www.bseindia.com, respectively. Any potential investor should note that investment in equity shares involves a high degree of risk and for details relating to such risk, see the RHP, including the section titled “Risk Factors” of the RHP. Potential investors should not rely on the DRHP filed with SEBI for making any investment decision.

The Equity Shares have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any other applicable law of the United States and, unless so registered, may not be offered or sold within the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and applicable state securities laws. Accordingly, the Equity Shares are being offered and sold (a) in the United States only to persons reasonably believed to be (as defined in Rule 144A under the U.S. Securities Act and referred to in the RHP as “U.S. QIBs”), in transactions exempt or not subject to the registration requirements of the U.S. Securities Act, and (b) outside of the United States in offshore transactions as defined in and in compliance with under the U.S. Securities Act Regulation S and the applicable laws of the jurisdiction where those offers and sales occur. There will be no public offering in the United States.

ALTF Unleashes Workspace Marvel in Okhla: Power Hub Emerges with 50,000 Sq Ft of Innovation

AltF Coworking, a trailblazer in innovative workspace solutions, will inaugurate its highly anticipated three floors of prime co-working space in Okhla, New Delhi. The state-of-the-art workspace exemplifies AltF's vision to provide professionals and businesses with exceptional environments that bolster collaboration, productivity, and success. AltF Coworking will open its doors in Okhla on 1st December 2023, displaying the elevated facilities and features of their new coworking space. The property to be inaugurated at Okhla is strategically situated near to NSIC Okhla Metro Station.

It offers unparalleled convenience and connectivity for businesses, start- ups and fledgling enterprises. The new facility occupies an impressive area of over 50,000 square feet, AltF Okhla facility boasts a contemporary design. It will open with 1500 total seats. It offers the members to choose from a range of seating options, including private seats, four-seater and nine-seater meeting rooms, one ten- seater conference room, ample parking space, and a spacious 60-seater ALTF signature cafe. The facility provides start-ups, entrepreneurs to choose from private seats, dedicated desks, and well-equipped meeting rooms, ensuring utility and adaptability for every business requirement.

The expansion of AltF Coworking into Okhla, New Delhi accentuates the increasing demand for flexible and collaborative workspaces in the region. ALTAF's keen focus is on delivering privacy, productivity, and an unmatched experience parallel to large organizations and multinational companies. ALTF is aiming to raise $1-2M in Q1 2024. The funding will help in acquiring more properties, key partnerships and brand building as ALTF will start expanding to PAN India from next year.

Yogesh Arora, Co-Founder of AltF Coworking, expressed his enthusiasm about the launch, and highlighting the future plans, said,"We are thrilled to introduce these cutting-edge coworking spaces that combine aesthetics and functionality. We plan to take our operations pan India in 2024. We are expanding our presence in Hyderabad and Pune markets, while also strengthening our presence in Delhi NCR parallelly. Our expansion principle is based on monopolizing one city at a time and then moving on to the next city, as compared to focusing on launching 2-3 properties in each city and increasing national geographical presence. We think aggressively expanding in Tier 2 - Tier 3 cities might be a challenge at this stage as the markets are still not as mature.

However, mature Tier 1 cities, at the same time, are highly competitive and have higher barriers to entry. Hence, we have narrowed down our expansion plan to growing tier 1 cities like Hyderabad and Pune.”

Draper Start-up House unveils Largest Global Co-Living Co-Working Space in Hyderabad

Draper Start-up House, the international entrepreneurial ecosystem, is proud to announce the launch of its largest co-living co-working community space in Hyderabad. This monumental endeavour signifies a new era in collaborative living and working for entrepreneurs, start-ups, and digital nomads worldwide.

Shri Jayesh Ranjan, Principal Secretary of the Industries & Commerce (I&C) and Information Technology (IT) Departments - Telangana government along with Ajit Rangnekar, Director General, RICH, Mahankali Srinivas Rao, CEO, THub, Ramesh Loganathan, Professor, CoInnovation, Ramadevi Lanka, Director, Emerging Technologies, Deepanwita Chattopadhyay, Chairman and CEO, IKP Knowledge Park, Srinivas Kollipara, Group President, Startup Ventures at XELPMOC inaugurated the new co-living co-working community space at Gachibowli. Others in attendance included Vikram Bharati, Founder of Draper start-up House, Karan Bahadur,Co- Founder of Draper Start-up House, India along with the Hyderabad team Chaitanya Kokku, Director and Vinutha Rallapalli- Chief Community Officer, Draper Start-up House – Hyderabad.250+ attendees including investors, mentors, startups, incubator heads were present for the launch.

Hyderabad has become a hub for innovators and start-up’s with over 8,000 start-up’s and 75+ incubators, Hyderabad provides a thriving environment for innovation, entrepreneurship, and collaboration. Incentives, tax breaks, and streamlined regulatory frameworks attract and encourage the establishment and growth of start-ups.

With a staggering capacity of 108 beds, this new innovative space sets a precedent in the realm of co-living co-working spaces, solidifying Draper Start-up House as a pioneer in the global entrepreneurial landscape.

"Hyderabad’s burgeoning start-up ecosystem has captivated our attention, and we are thrilled to plant our roots in this vibrant city," stated Vikram Bharati, Founder of Draper start-up House. "Our vision is to create a haven where entrepreneurs can thrive, collaborate, and innovate together, shaping the future of business globally” he added.

Designed to foster innovation and community building, the launch of this co-living & co-working space in Hyderabad marks a significant milestone in Draper start up House's mission to empower entrepreneurs worldwide. Premier institutions like IIT-Hyderabad, IIIT-H, and ISB, along with organisations like RICH, TASK, TSIC, and T-Works, contribute to a diverse talent pool and foster innovation through partnerships and knowledge exchange.

"We believe in providing not just physical spaces but a comprehensive ecosystem that nurtures start-ups from ideation to global expansion," shared Karan Bahadur, Founder of Draper Start-up House. "This launch represents our commitment to supporting entrepreneurial endeavours, driving progress, and creating a dynamic global network of successful start-up’s."

"Fuelling innovation, fostering connections, and celebrating diversity – our co-working co-living space in Hyderabad is where collaboration meets creativity, and dreams find a home. Elevate your productivity in a community that inspires success." said Vinutha Naga Rallapali- Chief Community Officer, Draper Start-up House - Hyderabad.

Looking ahead, Draper start-up House is poised to expand globally, establishing co-living and co-working spaces in over 100 countries by 2030. Additionally, collaborations with global organizations and industry leaders aim to create an international Chamber of Commerce for start-up’s, furthering the support and opportunities available to entrepreneurial ventures.

This launch cements Draper start-up House's commitment to fostering a dynamic ecosystem where start-up’s find not only physical spaces but also educational services, venture capital, and technology support essential for their journey.

About Draper Startup House: Draper Startup House is an international entrepreneurial ecosystem that provides an exceptional opportunity for startup founders to connect, learn, and grow their businesses. With a network of locations in 20 countries, our mission is to expand to 100 countries by 2030 and create one million new businesses worldwide through our global business ecosystem. Their community welcomes digital nomads, remote workers, and startup founders from all corners of the world. The startups can immediately connect with a diverse pool of global angel investors, syndicates, VCs, and other startup investors, including the Draper Startup House Ventures Fund. They believe that the community is a unique blend of local hospitality for entrepreneurs and a global resource for successful startups, and they are committed to assisting you to GO BIG, pay it forward, and drive progress together.

WeWork India Commemorates the Launch of its 50th Workspace by Foraying into the National Capital

The launch of Eldeco Centre marks WeWork India’s entry into New Delhi, their seventh location

Eldeco Centre is spread across 54,000+ sq. ft with over ~700 desks

WeWork India, the leading workplace provider, today announced a significant milestone as it unveiled its 50th workspace in New Delhi. The new building offers dynamic workspaces tailored to changing business needs, spanning over 54,000 sq. feet with ~700 desks. The newly built Eldeco Centre is located in close proximity to Malviya Nagar metro station, easily accessible, and offering state-of-the-art infrastructure and unmatched F&B experience, marking WeWork India’s entry into New Delhi.

As a notable business hub, the capital city experiences a robust demand for workspaces, indicating the rising need for flexible workspaces. The launch of Eldeco Centre marks an important achievement in WeWork India's journey to transform the way people work and collaborate in the country. Building on the profitable growth momentum, Eldeco Centre offers expertly designed technology, flexible workspace solutions and community catering to the varied needs of enterprises and small businesses alike.

Eldeco Centre 

Eldeco Centre

Commenting on this milestone, Karan Virwani, CEO, WeWork India said, “The launch of our 50th workspace marks a massive milestone for WeWork India and the impact we have made on the flex-space industry. When we opened our first building in 2017, we set out with an objective of revolutionising the way India works and over the course of these 50 workspaces, we have achieved that goal while being sustainable and profitable. The past few years have clearly highlighted that the future of work is flexible, and India Inc is increasingly adopting flex working as a way of life. This is a thriving time for the workspace industry with demand at an all time high, and it was the ideal time for us to enter New Delhi. As we grow, we will continue to provide the finest and most innovative workplaces to businesses of all sizes.”

With a focus on innovation and custom product solutions, WeWork India is poised to continue its growth trajectory and drive the evolution of the flexible workspace industry in India. The continued expansion across cities exemplifies WeWork India’s reliability as a brand and it is a reflection of its strong relationships with all stakeholders, including landlords, IPCs and members.

About WeWork India

WeWork is India’s largest office space provider, aimed at creating flexible workspace solutions for companies of all sizes. Since entering the Indian market in 2017, WeWork India has been spearheading the concept of flexible workspaces and driving the future of work with over 6.5 million sq. ft of assets signed across 50 locations in 7 cities - New Delhi, Gurugram, Noida, Mumbai, Bengaluru, Pune and Hyderabad.

DevX CoWorking Raises $ 3 Mn in Funding from Marquee Investors

• Funds to be used for further expansion
• Plans to grow to 2 Million Sq Feet area in India & Globally
• Total Assets Under Management – 9,00,000 Lakhs Sq feet
• Pan India presence with 25+ Centres across 11 cities

DevX, Gujarat’s largest Managed Office Space provider, today announced that it has raised funding of $ 3 Million from marquee investors like Urmin Family Office, Bidiwala Family Office, Navneet Publications, Venus Infrastructure and Structural Consulting firm Ducon. The funds will be used for national and global expansion & grow to 2 Million Sq feet area from the current 9,00,000 Sq feet under management.

Recently feted as Gujarat’s leader in the Managed office space segment, DevX is a co-working space cum accelerator founded in September 2017 by 3 entrepreneurs Rushit, Umesh Parth (the RUPaiyya trio as they are known in the ecosystem) and one listed entity: Dev Information Technology Ltd.

The company was envisioned as a Startup Accelerator focussed on nurturing innovative startups by providing them with all requirements. Positioning DevX as an equal partner in growth, the company supports through their allied strategic partnerships and services. The different initiatives of DevX are thus structured to build synergies, enabling cross-pollination of ideas as a means of collaborative growth and development. The company’s initiatives address different requirements across the value chain.

Speaking on the funding, Mr Umesh Uttamchandani, Co-Founder – DevX said, “We are excited to have raised funding from discerning investors at a time when we are planning aggressive growth. The funds will be deployed for giving further impetus to our national and global expansion goals. The immense experience in real estate, structural engineering, investment that the investors bring to the cap table will enable us to put in place even stronger governance practices. As Gujarat’s leader in the space, the funding helps us reaffirm our core values of offering world-class office infrastructure with an immersive experience. We are proud to be setting standards for the segment to aspire to. With our stated business goal of being the partner of choice for GCCs (Global capability Centres) & ODCs (Offshore Development Centres), I am excited about the future expansions to come. Growth-centric corporates are increasingly opting for managed workspaces, which perfectly meshes with our philosophy of offering best-in-class work-space experiences at competitive pricing.”

Opining on the event, Mr Devansh Majithia, Urmin Family Office said, “We are delighted to participate in DevX’s latest funding round, which we view as an Investment in the future of India’s Co-working segment. DevX’s innovative approach to providing an immersive, value drive experience for its tenants perfectly aligns with our own Investment philosophy. “

As a core part of the ecosystem, DevX also provides, round the year, a platform for industry, academia, professionals and companies to hold hackathons, seminars, events etc…to address trends and issues. The company is planning further expand and thus consolidate it’s pan-India presence by 2023 end.

About DevX:

DevX is a co-working cum accelerator envisioned to provide world-class, best-in-breed services to its clients. Firmly rooted in the ethos of collaborative growth through partnerships, DevX offers immersive accelerator services across the value chain.

Coworking Marketplace StyleWork Raises $2 Mn at a $20 Mn Valued Deal from QI Ventures, We Founder Circle and Others

India's emergence as a corporate and startup hub is fueling an unprecedented demand for co-working & managed spaces, leading to tremendous flexible workspaces industry growth in recent years. Stylework's impressive growth and innovative approach have caught the attention of the industry, leading to a successful Series A1 funding of USD 2 Mn at a USD 20 Mn valued deal, from institutional investors including Capriglobal Holdings, QI Ventures & some undisclosed family offices.

Existing investor WFC along with iAngels Network, Sateeq Invest, Impactful Pitch structured syndicates & some marquee industry mix global HNIs also participated in the round. Founded by 30 Under 30 entrepreneur Sparsh Khandelwal, Stylework has established a strong foothold as a co-working space aggregator in India.

Stylework Team

Headquartered in Gurugram, India, Stylework was founded in 2016 by Sparsh Khandelwal and has become a prominent player in the flexible workspace market, leading with a significant impact on the industry over the years. The company has expanded its partnered coworking supply presence from three cities to ten and further to 50+ cities and currently operates in 80+ cities. In the initial years of 2017-19, Stylework adopted the flex discovery platform approach, however as the decentralization of corporate offices amid the global pandemic raised the hybrid model’s growth from 3-5% to 25-30%, Stylework eventually launched its Corporate Product Suite in the year 2021, to disrupt & solve for the medium & large sized occupiers(companies) from a centralised dashboard platform.

In light of Stylework’s recent series A1 funding, Sparsh Khandelwal, the Founder and CEO of the company, shared, “The closing in of Series A1 has ignited the excitement of witnessing the growth cycle of the technological evolution of flexible workspace marketplace in India. There is no doubt that the co-working spaces' membership architectures still need lots of bundling work. To scale it and significantly impact the coworking industry, in this amazing growing ecosystem in India, it needs our focused product's attention to detail and deep integrations with our multiple supply coworking brand partners, and we will be diligently working towards the same.”

He further added, “Now with the upcoming rounds of funding including Series A2 & B, the team at Stylework will focus on further building and growing our advanced flexible workspace aggregator technology and product for corporates, which will open the decentralized hybrid workspace transactions, their monitoring, handling, and allocations, from the centralized window dashboard, at a much larger scale. At present, we have our presence in 80 tier I, tier II, tier III, and tier IV cities, and we intend to keep our maximum focus on penetrating deeper into the Indian market share, while parallelly opening the launch and growth pads in SEA & MENA regions as well.” 

Stylework, a B2B SAAS marketplace model, has more than 2500+ partnered co-working spaces on its platforms across India and is in partnership with 250+ all-category coworking & managed office operator brands for the same. Currently, they have 5,00,000+ seats, with 25 million+ Sq ft supply in the aggregated flexible workspaces network.  Their active clientele/occupiers include over 250+ B2B corporates and 300+ SMEs/start-ups. Up until now, Stylework’s GMV has crossed 16 Million USD. They have sold approximately 22,000+ seats since inception, with each seat generating a net revenue of INR 10-12 K.

QI Ventures’  CEO & Founder, Ayan Chatterjee, also said, “I believe that coworking is not just the future of work, but the future of how we live and thrive together. Excited times ahead to see how the coworking aggregation industry & now our portfolio brand, Stylework, unleash massive growth in Indian and potentially international markets.”

While talking about investment in Stylework, Neeraj Tyagi, Co-Founder & CEO of We Founder Circle, stated, “With the rise of hybrid flexible work mode, there is a huge demand for flexible and managed workspace solutions, and a B2B SAAS - coworking aggregator venture like Stylework, has the potential to revolutionize the way companies will formulate their flex workspace strategies. We are very impressed with the way Stylework has pivoted and become one of the most preferred partners for enterprises for flexible work solutions."

With hybrid (committed & pay-per-use mixed) billing mechanisms & additional analytical/predictive features, Stylework Corporate Product Suite aids businesses in optimizing office space expenditures, better-allocation mechanisms to employees for these flexible workspaces, increasing productivity, effectiveness, and saving costs for the present and the future. Owing to all the hard work that the team has been putting in, the company is closing this FY 2022-23 at $9-10 million+ GMV ($1.7-1.8 million net revenue), indicating a robust financial performance & reflecting the outstanding progress they have made in the flexible workspace technology market. With this impressive growth trajectory, Stylework has set its sights even higher and is projecting a GMV of $30-35+ million in the upcoming financial year. The ambitious goal clearly indicates Stylework's steadfast dedication to achieving excellence and fostering innovation in the workspace market.

About Stylework

Headquartered in Gurugram, India, Stylework was founded in 2016 by Sparsh Khandelwal and has become a prominent player in the flexible workspace market, significantly impacting the industry over the years. Stylework, a B2B SAAS marketplace model, has more than 2500+ partnered co-working spaces on its platforms across India and is in partnership with 250+ all-category coworking & managed office operator brands for the same. Currently, they have 5,00,000+ seats, with 25 million+ Sq ft supply in the aggregated flexible workspaces network. Their active clientele/occupiers include over 250+ B2B corporates and 300+ SMEs/start-ups. Up until now, Stylework’s GMV has crossed 16 Million USD. They have sold approximately 22,000+ seats since inception, with each seat generating a net revenue of INR 10-12 K.

About We Founder Circle

Established in 2020 in Mumbai, We Founder Circle is a global community of successful founders & strategic angels that have come together to push the start-up industry and steer it towards aggressive growth. WFC invests USD 50K- USD 2M amount in early-stage start-ups that are fueled with ambition, sustainability, and a strategic approach. WFC provides seed funding, business development, and global networking opportunities to start-ups as it believes early-stage start-ups need a lot beyond just financial support to become scalable and stable. It has already enabled USD 20 worth of investments across 100+ start-up deals since incorporation.

DevX Launches 2nd Co-working Space in Mumbai

• The 2nd centre is spread across 30,000 sq feet
• Total Assets Under Management – 7 Lakhs Sq feet
• Pan India presence with 25+ Centres across 11 cities
• To double India portfolio by investing Rs 60 crore

DevX, Gujarat’s largest Managed Office Space provider, today announced the launch of it’s 2nd Coworking space in Mumbai – a 30,000 sq feet, 400 seater centre in Andheri East. DevX will further augment this with additional 50,000 sq feet within next 1 year. To further expand it’s national presence, DevX plans to double it’s India portfolio by investing Rs 60 crore., 

Recently feted as Gujarat’s leader in the Managed office space segment, DevX is a co-working space cum accelerator founded in September 2017 by 3 entrepreneurs Rushit, Umesh Parth (the RUPaiyya trio as they are known in the ecosystem) and one listed entity: Dev Information Technology Ltd. The company was envisioned as a Startup Accelerator focussed on nurturing innovative startups by providing them with all requirements. Positioning DevX as an equal partner in growth, the company supports through their allied strategic partnerships and services. The different initiatives of DevX are thus structured to build synergies, enabling cross-pollination of ideas as a means of collaborative growth and development. The company’s initiatives address different requirements across the value chain.

Speaking on the launch, Mr Umesh Uttamchandani, Co-Founder – DevX said, “Launching our 2ndrd centre in Mumbai helps us deepen our penetration and reaffirms our core values of offering world-class office infrastructure with an immersive experience. We are proud to have global firms like Tim Hortons, IEX, QX Global & Germin8 at the 2nd centre, helping us setting standards for the segment to aspire to. With our stated business goal of being the partner of choice for GCCs & ODCs, I am excited about the future of the Industry. Growth-centric corporates are increasingly opting for managed workspaces, which perfectly meshes with our philosophy of offering best-in-class work-space experiences at competitive pricing. With 20 centres across India, DevX will double it’s India portfolio by investing 60 crore.”

Reaffirming these views & commenting on their experience, Mr Navin Gurnaney, India CEO, Tim Hortons, said, “We are really excited to be at DevX centre for the vibe, world class facilities and immersive experience it offers. At Tim Hortons we are very enthused, selective and possessive about the work environment, culture and vibe – which the DevX team absorbed & delivered on- totally! From this Mumbai centre we look forward to expanding rapidly across India”.

Opining about their experiences, Mr Chandresh Panchal, Senior Vice President - Employee Services, QX Global, said, “For us at QX Global it was like coming home, when we decided to have a new Mumbai office. We are already there at DevX centres in both Ahmedabad and Noida, so it was a natural fit for us. We are excited to partner DevX in our 3rd team location with them and look forward to continued world-class experiences here”

Putting it in perspective, Mr. Satyanarayan Goel, Chairman and MD, Indian Energy Exchange, stated: “Managed workspaces offer futuristic solutions for organisations to optimise resources and focus on building their business. I am confident that the world-class facilities and infrastructure provided by DevX centre will enhance our team’s coordination and collaboration, leading to increased productivity and satisfaction.” As a core part of the ecosystem, DevX also provides, round the year, a platform for industry, academia, professionals and companies to hold hackathons, seminars, events etc…to address trends and issues. The company is planning further expand and thus consolidate it’s pan-India presence by 2022 end."

About DevX:

DevX is a co-working cum accelerator envisioned to provide world-class, best-in-breed services to its clients. Firmly rooted in the ethos of collaborative growth through partnerships, DevX offers immersive accelerator services across the value chain.

91Springboard announce the launch of their first Platinum Hub in Gurugram

91springboard Platinum hub at Vatika centre 

The new premium coworking space features the best ergonomics and aesthetics. Bright, beautiful, luxurious

91Springboard, India's leading coworking space provider, is proud to present its first Platinum Hub at Vatika Triangle, MG Road, in Gurugram. This state-of-the-art coworking facility houses 300 desks and offers several world-class amenities.

91Springboard's Platinum brand is a big step up from their erstwhile coworking spaces, providing a premium workspace experience that aims to enhance productivity. In addition to an innovative modular layout, the hub offers highly convenient customisation options as its USP. These include moveable furniture and layouts that can be easily customised based on member requirements.

Everything in the new hub, which is 91Springboard's third Platinum hub in India, whispers soft luxury coupled with support services that facilitate easy moving in and working. Features like completely soundproof cabins, ergonomic design of chairs and tables, LED lighting, visually pleasing colour schemes, brighter, innovative ventilation, and open spaces for smooth mobility echo the brand's promise to deliver a superior workplace experience to its members.

As India's fastest-growing financial and technology hub, Gurugram is home to many businesses and integrated developments. The 91Springboard Platinum hub at Vatika Triangle will provide additional options for clients with a discerning eye and elevate the overall workplace environment for every member. Moreover, the strategic location in the heart of the city provides easy connectivity to the hub.

 
Commenting on this occasion, Anand Vemuri, CEO and Co-Founder of 91Springboard, said, "Consumer preferences are always evolving with the changing times and advancement of technology. The pandemic further paved the way for new working norms, which are more people centric. We have, therefore, upgraded our hubs with fresh designs and amenities, setting new standards in the coworking industry. 91Springboard plans to launch more hubs across the country in the platinum range. We are growing strategically and will always cater to the rising demands of our industry by upgrading and customising our offerings to provide a delightful experience to our clients."

Launched in 2012, 91Springboard has led India's flexi-working industry and has supported organisations with their space requirements. 91Springboard is present in eight metropolitan cities and has 24 operational hubs.

About 91Springboard:

91Springboard is a co-working space focused on building workplace communities that fosters joy, learning, and exchange of knowledge amongst its variety of members. It was one of the incubators supported under the Atal Innovation Mission run by the NITI Aayog. With 25,000 working professionals engaged, it aims to inject the country’s robust business ecosystem with fully functional workspaces that reflect a unique collaborative spirit. Having established its first dedicated co-working space in Delhi in 2012, 91Springboard currently has 24 live hubs, spread across India’s premier cities such as Bangalore, Mumbai, New Delhi, Hyderabad, Gurgaon, Noida, Pune, and Goa. With its objective of creating a work culture that shares and learns from each other, 91Springboard promotes the exchange of ideas, innovation, and skills by providing a collaborative environment that inspires both personal and professional growth.

Wework India Opens Workspaces in Pune & Bengaluru as a Part of Its Commitment to Long Term Expansion and Growth

 

With the launch of two new buildings,  WeWork India expands it footprint by over one lakh sq ft and close to 2,000 desks

WeWork now has 40 locations across India, with over 50,000 members across India

In line with its strategic vision for long term growth and expansion, the leading flexible workspace provider - WeWork India announced the opening of two new buildings in Pune and Bengaluru respectively. The workspace at WTC Pune spans over 55,000 sq ft feet, and the newly opened Embassy Sunriver in Bengaluru spread across over 61,000 sq. feet. The new buildings have been launched to collaborate with leading developers like Panchshil and Embassy REIT. WeWork India witnessed over 65% occupancy at the buildings on the day of opening, which is a testament to the rising demand for flexible workspaces across the country, and its increasing value among renowned developers.

Recognised as India's fourth operational World Trade Center, WTC Pune is the hub for international business and is conveniently located in the centre of Pune’s Eastern IT Corridor. It is easily accessible and provides members access to world class amenities while creating a conducive work environment. Occupying the 6th and 7th floor, this newly opened WeWork workspace has a unique still life mural and allows for plenty of natural light to enter the office spaces. The building is designed to maximise the use of space and is finished in black marble with touches of regional folk art and local elements inspired by Pune architecture. It brings to life the city’s rich culture, a mix of thriving youth and heritage colonial buildings.

The commute to Sunriver is easy as it is conveniently located inside the Embassy Golf Links, one of Bengaluru’s largest IT business parks. The centre of India's high-tech industry, the city is home to professionals from all spheres of life. Sunriver is designed with a focus on retaining the character of the existing building with inspiration derived from the culture of the city and classic elements of nature. Various furniture made by local artisans and a cricket pitch has been integrated to add vibrancy to the space. The workspace maintains the WeWork design aesthetic while preserving the authenticity of the building and customising member requirements.

Commenting on the announcement of these new workspaces, Karan Virwani, CEO of WeWork India, said, "As India witnesses an increased adoption of hybrid work models with the gradual return to work, we are excited to announce the launch of two of our buildings,  Embassy Sunriver and WTC. Our innovative approach has made a significant impact in revolutionising the flexible workspace ecosystem in India, thereby, encouraging its adoption among the future workforce.  With the launch of our two new spaces, we reaffirm our commitment to long term expansion and growth. We will continue to play a key role in providing the finest locations to our member community while developing the flexible workspace landscape in India."

The new spaces will offer expertly designed technology, agile workspace solutions and access to a community catering to the varied needs of members and businesses of all sizes. In addition to the key membership models, WeWork’s latest offerings include WeWork On-Demand, WeWork Business Solutions, Virtual Offices, Events, Studios, Shoots, and Managed Office by WeWork which are tailored to meet India’s rising demand for flexible workspaces.

About WeWork 

WeWork is India’s largest office space provider, aimed at creating flexible workspace solutions for companies of all sizes. Since entering the Indian market in 2017, WeWork India has been spearheading the concept of flexible workspaces and driving the future of work with over 5+ million sq ft of assets acquired in 40 locations, across NCR, Mumbai, Bengaluru, Pune and Hyderabad. 

DEVX Launches 3rd Co-working Space in Vadodara

• The 3rd center is spread across 90,000 sq feet
• The company’s 3rd center in Vadodara & 7th in Gujarat
• Recently launched a FinTech accelerator center at GIFT city
• Total Assets Under Management – 5 Lakhs Sq Feet
• Planning a pan-India presence with 15 Centers

DevX today announced the launch of it’s 3rd Coworking space in Vadodara, expanding it’s footprint and further consolidating it’s position as Gujarat’s top Co-working company. DevX is a co-working cum accelerator founded in September 2017 by 3 entrepreneurs and one listed entity: Rushit, Umesh Parth (the RUPaiyya trio as they are known in the ecosystem) and Dev Information Technology Ltd.. The company was envisioned as Startup Accelerator focussed on nurturing innovative startups by providing them with the all requirements. Positioning DevX as an equal partner in growth, the company supports through their allied strategic partnerships and services. The different initiatives of DEVX are thus structured to build synergies, encouraging brainstorming and cross-pollination of ideas as a means of collaborative growth and development. The company’s initiatives address requirements across the value chain.

Speaking on the launch, Mr Umesh Uttamchandani, Co-Founder – DevX said, “Launching our 3rd center in Vadodara helps us deepen our penetration and reaffirms our core values of offering world-class office infrastructure with an immersive experience. Our other 2 centers in Vadodara are spread across 25,000 sq feet & 20,000 sq feet – the new 3rd center, with 90,000 sq feet is an indication of how invested & bullish we are on the next wave from tier 2 cities of Gujarat & India. The recent launch of the dedicated FinTech accelerator center at GIFT city helped us consolidate our position and give further impetus to our plans to establish a pan-India presence in 10 cities with 15 centers. Despite the Pandemic, WFH, lockdown, etc…we have had a good run and have been able to further consolidate our position as Gujarat’s top Co-working company, with operational centers in Mumbai, Pune, Hyderabad, Noida, Raipur and Chandigarh. Corporates are increasingly opting for managed workspaces, which perfectly meshes with our philosophy of offering best-in-class work-space experiences at competitive pricing. We look forward to setting standards for the segment to aspire to."

Giving insights into the approach, Mr Jaimin Shah, Co-Founder & MD - Dev ITPL, Member- Nasscom Foundation & Co-Chairman Assocham Gujarat Council, said, “The launch of DevX’s 3rd center in Vadodara is yet another sign that the flexible and managed workspaces segment is growing rapidly, especially given the new normal. There is a growing interest in the segment – it makes good business sense for companies not to lock up capital in owning or hiring spaces for the workforce, when they can avail best-in-class, world class facilities at managed workplaces. DEVX is pioneering models that address and embrace the major concerns of the ecosystem. They are spurring immense synergies, collaborations and cross-pollination of ideas that have a huge beneficial ripple effect. Going forward, as more & more organizations recognize the importance of being leaner and agile, the managed workspaces segment will be ideally poised to address these concerns, and grow.”

As a core part of the ecosystem, DEVX also provides, round the year, a platform for industry, academia, professionals and companies to hold hackathons, seminars, events etc…to address trends and issues. The company is planning a pan-India presence by 2021 end.

About DEVX:

DEVX is a co-working cum accelerator envisioned to provide world-class, best-in-breed services to its clients. Firmly rooted in the ethos of collaborative growth through partnerships, DEVX offers immersive accelerator services across the value chain.

WeWork and Upflex Sign Strategic Partnership to Enable Access to Global Network of 5,500 Flex Workspaces

WeWork Inc., a leading flexible space provider, announced today a strategic and exclusive partnership with Upflex, a coworking aggregator and global flexible workplace startup. The exclusive partnership will establish a combined global network of over 5,500 locations and provide WeWork and Upflex’s clients with enhanced flexibility as they adopt hybrid work strategies. WeWork will also participate in Upflex’s Series A funding alongside additional investors.

Through the partnership, both WeWork and its members will gain access to Upflex’s fast-growing, aggregated portfolio of over 4,800 third-party spaces, provided by over 700 flexspace operators across 80 countries. WeWork will be the exclusive flex workspace operator to sell Upflex inventory to its members, allowing WeWork members to access Upflex’s vast network of third-party spaces while maintaining a streamlined experience through WeWork as their single workspace provider.

Additionally, this partnership will position WeWork to roll out enhanced WeWork Access membership options where members will have the ability to search, view and book space at select non-WeWork locations within the Upflex network. The expanded scale across non-core WeWork markets globally will allow members to choose from a wider array of tailored, flexible space solutions that best fit their specific real estate requirements.

Reciprocally, Upflex will be the exclusive coworking aggregator to access WeWork’s global inventory, allowing both Upflex’s customers and employees to book workspace at WeWork locations through the Upflex platform and marking the first time WeWork has allowed workspace bookings from a third-party platform. This partnership will also enable all coworking brands on the Upflex network to leverage WeWork's community of more than 28,000 member companies around the world.

Sandeep Mathrani, CEO of WeWork, said, “We are pleased to invest in and partner with the great team at Upflex, whose vast network of flexible office locations and offerings are a strong addition to WeWork’s portfolio. As we look to the future of work, this partnership will not only drive more value in our own product offerings for WeWork members, but also promote a more innovative and collaborative flex ecosystem that is continually thinking of new ways to better serve the workforce.”

Christophe Garnier, CEO of Upflex, said, “This partnership is a significant step forward for both our supply partners, who will see huge demand growth, and our customers, who will be able to embrace the largest and highest quality flex network in the world. WeWork and Upflex share the same goal: create a better workplace for everyone, and we are excited to take the industry to a new level by matching the largest players in supply and demand together.”

The deal marks a step forward in WeWork's continued shift into an asset-light growth strategy by exponentially increasing the physical network for members without added incremental capital investments. Additionally, by partnering with Upflex, WeWork is enhancing its tech-first approach to providing an exceptional member experience through Upflex’s online marketplace.

WeWork (NYSE: WE) was founded in 2010 with the vision to create environments where people and companies come together and do their best work. Since then, we’ve become one of the leading global flexible space providers committed to delivering technology-driven turnkey solutions, flexible spaces, and community experiences. For more information about WeWork, please visit us at wework.com.

About Upflex

Upflex is a virtual platform created around the idea that today's companies must provide on-demand workplace flexibility while embracing environmental sustainability. Through a global, best-in-class, comprehensive network of workspaces, Upflex offers companies flexibility and a workspace hybrid model for their employees. It provides instant access to the largest global network of workspaces across 5,500+ locations in 80 countries.

Forward-Looking Statements

Certain statements made in this press release may be deemed “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. These forward-looking statements include, but are not limited to, those regarding the partnership agreement with Upflex and the concurrent financing, and the transactions contemplated thereby, future strategic growth, efficiency, and enhanced customer experience, the anticipated benefits of the partnership and financing, future financial and operating results of WeWork or Upflex, and other statements about future expectations, plans and prospects. The words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “predict,” “plan,” “pipeline,” “potential,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words.

Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Although WeWork believes the expectations reflected in any forward-looking statement are based on reasonable assumptions, it can give no assurance that its expectations will be attained, and it is possible that actual results may differ materially from those indicated by these forward-looking statements due to a variety of risks, uncertainties and other factors. Such factors include, but are not limited to, WeWork’s ability to recognize the anticipated strategic, economic and other benefits of the partnership and the financing; the effect of the announcement of the partnership and the financing on WeWork’s business, operating results and relationships with customers, suppliers, competitors and others; risks that the partnership or financing may alter or change WeWork’s current plans and business operations; changes in general economic conditions, including as a result of the COVID-19 pandemic; delays in customers and prospective customers returning to the office and taking occupancy as a result of the COVID-19 pandemic, as well as the response of governments and business, and the emergence of variants leading to a parallel delay in receiving the corresponding revenue; the success of new product offerings; and WeWork’s inability to implement its business plan. Forward-looking statements speak only as of the date they are made. WeWork discusses these and other risks and uncertainties in its annual and quarterly periodic reports and other documents filed with the U.S. Securities and Exchange Commission. WeWork may update that discussion in its periodic reports, but otherwise takes no duty or obligation to update or revise these forward-looking statements, whether as a result of new information, future developments, or otherwise.

India Accelerator Launches New Co-Working Space in Gurugram; Targets to Add 1 Lac Sq. Ft. To Its Portfolio

The IA’s newly launched co-working space provides an ecosystem to startups with disruptive business ideas wherein they mentor, leverage and provide networking opportunities to them.

IA adds 20,000 sq. ft. to its current portfolio of coworking space and announces the plans to add 1 Lac sq. ft. area with the launch of 8-10 new coworking spaces by 2022.

India Accelerator - India’s only seed accelerator program with Global Accelerator Network has recently announced the launch of its brand-new coworking space with best of its mentoring, networking and fundraising opportunities for startups.

Spread across 20,000 sq. ft., the new coworking space, located in India’s most sought-after corporate hub – MG Road, Gurugram(Haryana) is a lot more than just a regular coworking space. Along with the coworking services, it offers an ecosystem to startups and SMEs with disruptive business ideas wherein they mentor, leverage and provide networking opportunities to them.

Being the only Global Accelerator Network partner in India, IA curates mentorship, connections and provides access to growth-stage startups. The launch of newly built coworking space equips the startups with knowledge, tools and connections necessary to fuel their business growth. The 20K sq. ft. sprawling office space has more than 300 seats for startups to accommodate their team and scale business.

Commenting on the launch of the coworking space, Abhay Chawla,Co-Founder of IA said, “This is a world-class coworking property with exceptional amenities. It is constructed while keeping in mind the well-being of professionals and the opportunities they require to connect and grow.”

“We have been known for redefining the way startups come together to build, work and scale their business. The newly launched coworking space is a testament to the growing trust of startups in us. With this space, we strive to provide a flexible, flourishing and ergonomic workspace equipped with amenities that help entrepreneurs thrive in the industry,” he added.

  

IA’s new coworking space is built on the approach of hybrid work models and new industry parameters. It integrates new-age technology to provide a workspace for the next generation. Equipped with premium amenities, the coworking space offers comprehensive conference rooms, meeting rooms, biometric access control, etc. Furthermore, the coworking space also has a cafeteria and gaming zone to make the workspace livelier for entrepreneurs and their teams.

In addition, the coworking space is equipped with power backup, high-speed WiFi, mailing and package handling to make the startups’ everyday work seamless.Besides this, IA also continues to move on an expansion spree and is aggressively looking to expand PAN India in the coming year. IA will be launching its state-of-the-art 250+ seater and another 200+ seater in Gurgaon in the next three months. IA has plans to expand in Bangalore, Pune, Mumbai and Hyderabad in the upcoming year.

With the new coworking spaces in the pipeline, IA plans to add a 1,00,000 sq. ft. area to its entire portfolio and become one of the larger coworking spaces, the only one to be backed by the foremost accelerator in the country.

SaaS Startup Glamplus raises $700k in Funding Led by Blume Ventures and Ramakant Sharma

(From L-R) Cofounders - Vatsalya Agarwal, Divyanshu Singh and Rohan Singh

• Glamplus is a SAAS enabled beauty marketplace for salons and spas in the SMB segment. With this platform- salons, spas, gyms can manage their customers’ engagement, staff management, and suppliers through a simple data driven dashboard.
• This is IPV’s 2nd round of investment in Glamplus
• IPV crosses 107 deals landmark with Rs. 326 crore investment

SaaS enabled marketplace startup Glamplus raises $700k in a Pre-Series A round from Blume Ventures, Ramakant Sharma (COO- Livspace) and participation from existing investors IPV. The funds raised will be utilised in vertical tech SAAS capabilities along with expansion of B2B marketplace business to scale to 10,000 partners and monthly revenues of INR 5crore/month by Mar '22.

Glamplus is a SaaS enabled curated B2B marketplace which helps and enables large, medium & small salons/spas to adopt technology and grow their businesses digitally. Glamplus has created a one stop platform -salon CRM for managing customers, ERP for managing staff as well as enabled B2B marketplace compounded on SAAS platform parallelly allowing to run any type of promotional offers / communication with D2C audience.

Anirvan Chowdhury (Vice President, Investments - Blume Ventures) shares “We have a strong thesis on vertical SAAS enabled marketplaces and believe that Glamplus has done a stellar job at solving a lot of friction in the workflow for salons/spas through their SaaS solution, which has enabled them to drive marketplace revenue at a rapid pace. When we met the team around a year back they had only a concept and in the past year they’ve not only built out a solid product but also in the 6 months since launch, they’ve been able to drive phenomenal growth while maintaining very strong retention numbers! 4000+ salons with 25 lakhs monthly SaaS revenue and 3Cr. monthly marketplace GMV in 6 months with a +ve CM1 is no mean feat, and we are super excited to be part of this journey.”

Glamplus has an AI based CRM platform, which enables salon/spa owners to manage their operations and services end to end through an online web or android mobile app. This has helped them improve the overall salon experience for their customers and staff. Platform also allows to preimmunize the salon owner's offering via B2B2C interaction to the end customer and also integrates scheduling appointments, generating digital invoices, offer promotional offers through Bulk SMS/WhatsApp & loyalty schemes for customers. The salon owner can track the efficiency of the stylists, monitor revenue generation on daily, weekly and monthly basis, inventory management of products and services offered by the salon.

Mitesh Shah, Co-Founder, Inflection Point Ventures says, “With the rise in disposable income and more women joining workforce in tier 1cities, beauty and wellness services have witnessed an upsurge. People are now more conscious about their appearance and are willing to spend. To cater to this rising need more efficiently, Glamplus has created an end-to-end B2B2C solution for salons, spas and gyms which will help them to run their operations smoothly. Since January 2021, the company has successfully tied up with 4000 partners and plans to grow faster in the coming year. The fast pace growth trajectory clearly shows the need for this solution in the emerging market and IPV looks forward to extending their support in their journey.”

Divyanshu Singh, Co-Founder & CEO, Glamplus says, “Salon/Spa beauty industry is highly fragmented despite presence of more than million plus salons in the country. We were clearly determined and destined to solve for this highly undeserved SMB market and creating moat around it by going vertically deep, has also been recognized by our marquee investors. New Funds will be utilised in enhancing tech capabilities, going deep in the marketplace segment and driving growth along with efficiency. Our solution will create a complete digital ecosystem for salons and spas and help transform their lives.”

Glamplus has scaled to 4000 paying partners in less than 8 months across 6 cities- Bengaluru, Delhi, Kolkata, Ahmedabad, Nagpur and Pune. Glamplus has grown from a team of 3 individuals to 40+members in less than 6 months. Founders understand the nerve of SMB salon/spa market really well which helped them in developing the product as per core needs of SMB market and thus creating immense stickiness for partners to engage on a regular basis.

With the rise in awareness about holistic wellbeing, spending on beauty and wellness products and services has increased. According to the Indian Beauty & Hygiene Association (IBHA), the beauty and wellness market in India is expected to reach Rs 2,463.49 billion by 2024, expanding at a compound annual growth rate (CAGR) of ~18.40 percent during the 2019-2024 period. India caters more than 1 million registered with 30% over and above unregistered. Glamplus aims to move the $200 billion SMB-dominated offline economy to a well data-driven engagement platform followed by curated beauty order marketplace on SAAS platform

About Glamplus

Glamplus was founded in July 2020 by 3 co-founders- Divyanshu, Rohan and Vatsalya, all of them have worked in a start-up environment, scaled and contributed businesses grow from 0 to 1 and then from 1 to 100. Speed and right execution vis-à-vis market understanding makes Glamplus product highly adaptive among customers

About IPV

Inflection Point Ventures is an angel investing platform with over 6000 CXOs, HNIs and Professionals to together invest in start-ups. The firm supports new-age entrepreneurs by providing them monetary & experiential capital and connecting them with a diverse group of investors.

How Coworking Spaces Are Changing The Future Of Work?

The present corporate world is heavily dominated by the use and influence of advanced technology and innovative approaches. The methodology and concept of coworking is a product of this modern system which allows working professionals from different backgrounds to come together and work under a single roof.

The trend and culture of coworking spaces have therefore reached the very pinnacle as entrepreneurs, as well as startups, have realized the benefits of coworking spaces offer.

Coworking spaces have enhanced the aspect of convenience for working professionals allowing them to operate from different locations with an increase in the level of efficiency. The aspect of flexibility has also significantly improved as corporate officials work with more freedom and have a platform to express their creative ideas in a more effective manner.

Coworking spaces have broken the norm and culture of working within the confines of restricted office establishments which offers limited growth. Moreover, the solution of operating from coworking spaces has also helped business organizations to save a considerable amount of finances as well as time in the long run. The idea of coworking spaces has come as a boon for businesses as thousands of emerging budding businesses are gaining a lot of exposure from this modern work culture. This has resulted in startups and entrepreneurs opting for coworking spaces as per their requirements by doing thorough research like searching for a proper location. As the location is considered one of the major factors while choosing a workspace. Thus, they will do thorough research for a proper location, or another great way to make decisions while saving time and money is by using the platform which does a similar task for you by giving you all the information you need at your fingertips. Suppose you are looking for coworking spaces in Bangalore you can search for the location on the platform easily and find a suitable coworking space as per your requirement.

However, the trend of coworking spaces is here to stay and will definitely dominate the future of the corporate world.

How coworking spaces are changing the landscape of the corporate world?

1. The Opportunity to build connections

Coworking spaces have helped to bridge the communication gap which long existed in the business world. The level of exposure and overall reach has increased considerably with the introduction of the coworking culture.

Business professionals from diverse backgrounds can now come in contact and potentially collaborate more effectively while operating within the confines of a coworking space establishment. Therefore, working professionals can connect and build networks in a productive way. It helps them to learn about different market segments by directly making contact with other corporate agents.

2. Increase in the level of Productivity

The amenities offered to work professionals in the form of dedicated desks, private cabins, high-speed internet, power back-up, parking spaces, etc. help to create an enhanced work environment that keeps working professionals motivated at all times. Moreover, the overall ambiance of coworking spaces and the interiors are designed specifically to enhance and encourage working professionals to achieve their short as well as long-term goals.

Moreover, most of the coworking spaces also provide additional amenities in the form of lounge rooms, gym areas, cafeterias, etc. which helps freelancers and entrepreneurs alike to unwind and relax. The provision of these elite facilities significantly assists in improving the productivity and performance of working professionals. Moreover, if you surround yourself with dedicated and focused individuals, then it will influence you to work harder as well. This is precisely what you can expect from coworking spaces.

3. Creativity

Operating from a coworking space helps you to observe and learn from people that are in and around you. These individuals come from different industries and have unique stories and experiences to share. Therefore, the creative side of your business also gets a significant boost.

As a working professional, you will be able to brainstorm and come up with innovative ideas by gaining influence from these experts. The relaxed ambiance and corporate setup of these coworking spaces also allow working professionals to think out of the box and come up with new solutions to diverse problems.

4. Greater Flexibility

The norm of fixed working hours is successfully broken with the introduction of coworking spaces as flexibility is one of the keys to the growth of a business. Most of these shared business centers offer 24/7 services that corporate agents can use as per their convenience and need. Therefore, if you wish to extend your work hours then you need not worry about the office closing at a specific time period.

Accessing coworking spaces is easy. Moreover, booking your seat at a coworking space can be done on a daily basis with “Day Passes.” Such is the level of flexibility offered by coworking establishments. Additional forms of subscriptions can also be made on a weekly, monthly, or annual basis.

5. Unlock new levels of Success

Most businesses around the world fail to attain success due to the amount of investment that is required to be made in the initial stages during the business incorporation period. The price of real estate, especially in India, is certainly not cheap. Establishing an independent office space right from scratch can be expensive, to say the least. This is where most of the businesses fail to take off and attain long-term success.

However, with the introduction of coworking spaces, such expenses can be effectively mitigated. All the coworking establishments are completely equipped and come with necessary amenities that are essential for a business to blossom. Thus, the initial risk of investment is significantly lowered which increases the chances of a budding business to succeed in the long run.

6. Innovation and Collaboration

The coworking culture is certainly a product of the future and therefore, it always stays ahead of the curb and adopts the most effective form of innovative ideas from diverse communities and industries. Since it is an amalgamation of diverse work cultures, the ideas and approaches incorporated within the coworking culture are top-notch which is bound to scale businesses.

Likewise, collaborating with fellow colleagues can also be done with absolute ease and convenience as working professionals from unique fields come together and function under the same roof.

7. Increased employee satisfaction

The results obtained while operating from coworking spaces are impressive, to say the least. Employees get the opportunity to work from an enhanced and advanced work environment which helps them to express their ideas and creativity without any restriction. Therefore, work becomes more fun and interactive which results in greater employee satisfaction.

Final Overview

These were some of the foremost reasons which make the coworking culture a trend that will dominate the future of the corporate world. Therefore, if you are struggling to meet your long-term business goals then be sure to operate from coworking spaces. It will help you to cut down additional costs, increase the productivity of your business and you will be able to collaborate and connect with like-minded working professionals who are striving to attain success in the corporate world.