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.

Co-Working Space Share in Office Real Estate at 20% in H1 2022 from 6% in 2021

• Of net office absorption of 20.8 Mn sq. ft. in H1 2022 across top 7 cities, coworking comprised a 20% share; in H1 2021, its share was 6% of 9.33 Mn sq. ft.
• IT/ITeS office spaces share declined from 49% in H1 2021 to 36% in H2 2022
  Bengaluru & Hyderabad account for 50% of net office absorption in H1 2022
• Avg. monthly office rentals in H1 2022 up 5% in NCR & Hyderabad, up 4% each in Bengaluru & Pune
• H1 2022 saw robust new office supply aggregating to 31.8 Mn sq. ft., Bengaluru, Hyderabad & Pune dominated with a total 74% share
• With high new completions, avg. vacancy levels across top 7 cities rose by 2%

Demand for flexible office spaces has hit new high notes post the pandemic, with major companies and businesses including start-ups now opting for co-working. Latest ANAROCK data reveals that out of a net absorption of approx. 20.8 Mn sq. ft. across the top 7 cities in H1 2022, the share of co-working spaces stood at 20%. Back in H1 2021, its share was just 6% of net office absorption of approx. 9.33 Mn sq. ft.

In contrast, the share of IT/ITeS sector – India's leading office demand driver - declined from 49% in H1 2021 to 36% in H2 2022. However, this decline is largely because many IT companies are now also preferring flexible spaces to regular office spaces.

In terms of net absorption across the top 7 cities in H1 2022, Bengaluru and Hyderabad remained on top, comprising 50% of total demand share.

• Bengaluru, Hyderabad and Chennai - the top Southern cities - together witnessed net office absorption of approx. 12.2 Mn sq. ft. Of this, 18% or approx. 2.23 Mn sq. ft. was by coworking players.
• Western markets of MMR and Pune saw net absorption of nearly 5.45 Mn sq. ft. Of this, 27% or approx. 1.5 Mn sq. ft. was by coworking players.
• In NCR it stood at approx. 2.75 n sq. ft. Of this, 15% or approx. 0.41 Mn sq. ft. was by coworking players.
• In Kolkata, merely 0.4 Mn sq. ft. office space was absorbed. Of this, 14% or approx. 0.06 Mn sq. ft. was by coworking players. 

Anuj Puri, Chairman ANAROCK Group, says, "Coworking has received a major boost after Covid-19 disrupted the previous status quo. A major factor driving demand is that these spaces are not concentrated in just the city centres or major employment hubs; they're spread across different areas, including the housing-intense suburbs. Coworking spaces are now also operating out of malls and hotels across cities. Many large office parks are also housing coworking spaces. This helps companies to remain closer to their employees and offer them flexibility.”

Another advantage is that with flexible office spaces, companies can plug-and-play at the same cost rather than wrestling with office layouts and fit-outs. The lock-in period for taking up a regular office space is anywhere between 3-4 years. All these factors have also helped boost the demand for co-working spaces.

Cities	Net Absorption across cities in H1 2022 (in Mn sq. ft.)	% Share of Coworking in each City
NCR	2.75	15%
MMR	2.9	11%
Bangalore	6.1	23%
Pune	2.55	45%
Hyderabad	4.25	13%
Chennai	1.85	15%
Kolkata	0.4	14%
Total	20.8	20%

Source: ANAROCK Research

Office Rentals

Backed by rising office space demand, average monthly office rentals are also seen to be rising across the top cities:

• NCR and Hyderabad each saw a 5% rise in avg. monthly office rentals in H1 2022 compared to same period in 2021. Currently, the avg. monthly office rents in NCR are at INR 80 per sq. ft. while in Hyderabad it is INR 60 per sq. ft
• Bengaluru and Pune each saw a 4% yearly rise. The avg. monthly rentals in these IT hubs by the end of H1 2022 stood at INR 81 per sq. ft and INR 72 per sq. ft., respectively
• MMR, Chennai and Kolkata witnessed a 2% rise each in avg. monthly rentals in this period. In MMR, the avg. office rentals are the highest among the top 7 cities at INR 128 per sq. ft.; in Chennai they are INR 61 per sq. ft., and Kolkata has the lowest at INR 53 per sq. ft.

Office Rental (INR/Sqft/Month)
City	H1 2022	H1 2021
Bangalore	81	78
MMR	128	125
NCR	80	76
Chennai	61	60
Hyderabad	60	57
Pune	72	69
Kolkata	53	52

Source: ANAROCK Research

Supply

Meanwhile, the top 7 cities also witnessed robust new office supply in H1 2022, aggregating to 31.8 Mn sq. ft. Bengaluru, Hyderabad and Pune dominated with a total 74% share. Given the high new completions, average vacancy levels across top 7 cities rose by 2% to stand at 15.95% in H1 2022.

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.

IA Launches New Co-working Space at Golf Course Road, Gurugram

The newly built co-working space is located in one of the most sought-after business locations in Gurugram and has 250 seats available with an array of workspace options.

India Accelerator - India’s only seed accelerator program with Global Accelerator Network launches new co-working space on Golf Course Road, Gurugram, establishing its 5th Co-working space in the city/country. With the newly launched space, the accelerator aims to offer a collaborative work environment and empower startups and young entrepreneurs to thrive in a competitive business landscape.

The newly unveiled co-working space is spread across a 1500 sq. ft. area, based on a new concept of easing the way modern companies work. The space offers a comfy as well as upgraded lifestyle to employees to enhance their engagement and productivity at work.

Delighted with the unveiling of new coworking space Mr Abhay Chawla Co-Founder at India Accelerator said, “Having an office space in a premium business location costs a fortune. It is a major roadblock for highly-talented professionals and startups. Being a new age co-working space, we have created a budget and work-friendly infrastructure combined with technology, design-thinking and efficiency of resources. With this space, we look forward to bringing endless growth opportunities for startups and entrepreneurs.”

“With accelerated digital adoption, flexibility has taken the centre stage in modern work culture. We understand the requirements of new-age startups and thus, give immense flexible opportunities in terms of location and workstation options,” he added.

Given the broader changes occurring in the present work scenario, demand for every working professional is also changing in terms of flexibility and cost to use the space. The co-working space has 250 seats available. It provides a plethora of workspace options including fixed workstations, personalized cubicles, cabins and flexible day pass.

Furthermore, the co-working space is furnished with advanced technologies and amenities including well-equipped meeting rooms, high-speed Wi-Fi, cafeteria and deliberately thought seating arrangements.

Currently, India Accelerator has a strong presence in Gurugram – one of the most sought-after business hubs in India. Further, it plans to expand in Bangalore, Pune, Mumbai and Hyderabad in the upcoming year.

WeWork gets $1.1 Billion in Debt Financing from Softbank

Troubled co-working firm WeWork has secured $1.1 billion in debt financing from its existing investor Softbank. According to reports, the co-working startup, , which is owned by Embassy Group, has slashed its cash burn rate almost in half from the end of last year and obtained a $1.1 billion commitment in new financing from majority owner SoftBank.

Last year, Wework was valued at an attractive $47 billion and was even heading for an IPO, it however fell to a mere $2.9 billion valuation and is now subject to the wrath of the coronavirus pandemic.

The co-working firm said in an e-mail to employees that its second-quarter results show the coronavirus pandemic has hurt business but its financial position remains strong.

"Our early efforts to become a more streamlined, cash-conscious organisation puts us in a better position to adapt quickly, navigate new realities and deliver our future business objectives," said Kimberly Ross, the Chief Financial Officer of WeWork, in the e-mail seen by Reuters.

Revenue in the quarter reached $882 million, a nine per cent increase from a year earlier, Ross said. WeWork in the first quarter reported revenue of $1.1 billion, the first time they had exceeded nine figures, and its cash burn was $482 million.

In a recent interview to Forbes, SoftBank head Masayoshi Son had said, -

We paid too much valuation for WeWork, and we did too much believe in the entrepreneur. But I think even with WeWork, we’re now confident that we put in new management, a new plan, and we’re going to turn it around and make a decent return.

WeWork's membership stood at 6,12,000 reporting an 11.6% quarterly decline, indicating that the coronavirus pandemic and people working from home have hit the company.

In May this year, WeWork India signed an office deal with Commonwealth Bank of Australia and reportedly closed deal of 2400 seats office at WeWork's Manyata tech park facility in Bengaluru.

How coworking spaces will fight with COVID-19 pandemic?

The coronavirus pandemic has perturbed the business cycle globally leading to a slowdown. Maybe this is the most important issue for startups, entrepreneurs and most likely small and medium-sized enterprises to come, as most of them are heavily affected and barely survive the pandemic diseases.

Following the implementation by the respective countries and governments of the movement restriction order or circuit breaker, any form of mass gathering, or in this case – gathering to work is strictly prohibited. As a result, there are now "virtually empty" Coworking space and it could last for months.

So, Will Coworking Spaces survive the COVID-19 pandemic? And the answer is yes, here's why.

Coworking spaces will help in cost saving

Best Coworking space in Jaipur are generally recognized predominantly by businesses, businessmen, and remote employees. As the pandemic goes, it affects most small and medium-sized enterprises ( SMEs) and maybe joining the cause. Coworking spaces in Jaipur and co-sharing offices can help these small and medium-sized enterprises continue to operate with a designated place of work. Though coworking spaces in Jaipur, small and medium-sized businesses may achieve cost savings by using funds in other needed departments rather than renting a whole office.

Remote Workers Have to Work Somewhere 

Now, for the first time, many people are just getting comfortable with work from home and figuring out all kinds of ways to make it smooth. That may mean that more workers and employers are at peace with it. But Not all remote employees have access to the facilities from home that they need to operate productively. After a couple of months of lockdown and working at home, millions of people will be willing to work from somewhere else, making coworking spaces in Jaipur appealing in this crisis.

Creating Community and network

As the pandemic goes on, because of companies unable to support the cause, more and more people will be unemployed. In the time of need, however, coworking places exist by creating more job opportunities for them to fill the offices.

With the economic downturn hitting the small and medium-sized businesses, they would need social networks and local links to regain their footing. Best Coworking space in Jaipur provides a perfect community to help each other from a business perspective and hopefully, together they will be able to go through the hard times. Nonetheless, it may be one of the primary ingredients to bounce back from the crisis with the aid of coworking spaces in Jaipur by bringing these small businesses together within a group. 

Conclusion

Many businesses will now take the opportunity to reconsider their work arrangements and give their workers more flexibility than ever before, particularly given the benefits of efficiency and engagement, and that will drive the demand for co-working spaces in Jaipur upwards. As long as hygiene practices and health precautions are enforced, coworking spaces provide an alternative for companies in need of a replacement workspace that may prove useful.

 

Companies will also put greater focus on cost management once the lockdown time is over and prefer versatile workspaces. Most corporations would avoid capital expenditures and look to their colleagues to expand their business. The co-working industry is also likely to see some consolidation soon and companies will seek options for acquisition. The current scenario will also see larger corporations searching for smaller spaces in the immediate future to maintain synergized business continuity.

WeWork Sues Japan's SoftBank for Backing Out of Deal

Office-sharing giant WeWork on Tuesday sued SoftBank claiming the Japan-based technology investment group breached its contractual obligations by backing out of a USD 3 billion rescue plan.

The lawsuit filed in a US court in Delaware came just days after SoftBank said it was backing out of the plan to purchase WeWork shares to shore up the finances of the struggling sharing economy giant.

WeWork's board of directors called the SoftBank action "a clear breach of its contractual obligations" under an agreement between the two firms last year as well as a breach of SoftBank's fiduciary obligations to the firm's current and former employees who were to sell their equity.

The complaint alleges SoftBank yielded to pressure from "activist investors" and made the move after it had "received most of the benefits" under the deal, including control of WeWork's board.

WeWork is asking the court to force SoftBank to live up to the agreement or pay damages.

Last week, SoftBank said it was terminating the agreement, claiming WeWork failed to live up to its obligations and cited "multiple, new, and significant pending criminal and civil investigations" surrounding WeWork and its co-founder Adam Neumann.

Neumann was to have received an estimated USD 1 billion from the SoftBank investment.

The deal also would allocate some USD 450 million to current or former WeWork employees who have equity in the group.

A WeWork board special committee said it "regrets the fact that SoftBank continues to put its own interests ahead of those of WeWork's minority stockholders."

The move by SoftBank marked a dramatic turn of events at troubled WeWork, once hailed as a shining unicorn valued at USD 47 billion.

Things began to unravel last year as WeWork lost cash and cancelled its share offering, with Neumann pushed out -- albeit with a generous package.

The tender offer would have most benefited Neumann, his family, and major institutional stockholders like Benchmark Capital, SoftBank Group said.

SoftBank has said its decision would not impact the day-to-day operations of WeWork.

The Japanese firm and its Vision Fund have already committed more than USD 14.25 billion to WeWork.

The lawsuit claims SoftBank took the action in part due to growing losses in its other investments, including its massive technology investment fund.

SoftBank has seen its stock sink in recent weeks on worries about the liquidity of the heavily indebted company, as global financial markets are roiled by fears about the economic consequences of the pandemic. (AFP)

CoFynd, Global Aggregator of Coworking spaces Flagged Off Its Operations in Delhi, Gurugram and Noida

CoFynd, the emerging aggregation platform for the booking of coworking spaces, have commenced its operations in Delhi, Gurugram and Noida. With the launch of their platform, CoFynd aims to offer event spaces, training rooms, meeting rooms, conference rooms along with the co-working spaces. They provide these spaces and work environment for start-ups, young/small-medium sized enterprises, and professionals.

Launching a company all on your own can be thrilling, but also quite tough. One may feel isolated in the home office, but hesitant to look for permanent traditional office space because of the high rates. For those sailing in these uncharted waters, CoFynd, a global aggregator for workspaces, will act as an anchor. Whether you are a solopreneur, freelancer or a young team of enthusiastic entrepreneurs, a CoFynd is a perfect place to start and grow.

Coworking is a global phenomenon and it has completely changed the way we work forever. Almost, 2 million people are reported to be working out of Co-working spaces in 2019. This industry has been growing at 23% since 2010 and number of co-working spaces is expected to double till the year 2022.

However, there are still a lot of challenges in this sector. For instance, there is a lack of a user-friendly platform that can provide standardized information on all co-working spaces.

There is still inability to book spaces online with ease and there is an absence of neutral customer mechanism support. Also, there is absolutely no presence of reviews on spaces to aid correct decisions.

CoFynd recognised all those loopholes and has come up to address and solve those challenges. CoFynd created unbiased platform with standardises listings. It provides the facility to book spaces online with super-ease. The user has the complete support and also has the access to the detailed reviews on co-working spaces.

Putting his thoughts on the same, Atul Gupta, Founder & CEO, CoFynd, said, " CoFynd has been launched to give startups and enterprises a platform where they can find the spaces according to their needs. We provide customised solutions as per their needs. Coworking spaces have become the lifeline of millennials and startups today. The growing demand from freelancers, consultants, and corporates has led to a growth in the co-working sector like never before. The workspaces to be future-ready should be networked, flexible, integrated and innovative, and CoFynd helps you to find one."

Recently, CoFynd has also raised 1.25 crores of seed funding from some reputed corporates. The funds raised round will be invested across territory expansion plans, technology and marketing strategies.

Speaking about the funding, Atul said, “We are extremely excited to raise the seed funding round. The funds raised by the company will further accelerate the growth of our network and will allow us to broaden our reach and expand our services".

The strategically located spaces at CoFynd offer access to nearby business centres, provides competitive corporate culture and opportunities to its members for sustained growth. The space is designed to cater to businesses of any size and form to boast diverse working environments having both private offices, cubicles, spacious cabins, meeting rooms, training rooms, and event spaces enabling the clients to choose as per their needs.

This unbiased and unified platform of listing coworking spaces strives to offer ease of discovery and bookings to the user along with 100% offline support for visits, negotiations and closure. It endeavours to give access to like-minded, close-knit, and success-focused professionals who are all driving towards the same goal.

Currently, CoFynd has its presence in Gurugram, Delhi and Noida and are planning to expand in other metro cities like Hyderabad, Bangalore, Pune and Mumbai.

About CoFynd

CoFynd, founded in 2019 by Mr Atul Gupta, is into aggregation and booking of coworking spaces. It is a global network and community to find Shared Office Spaces, Coworking Spaces, Private Offices, Business Centers and Meeting Rooms, Training Rooms, for Startups, Entrepreneurs, Freelancers, and Small/Medium Businesses.

Number of Coworking Centres likely to Double or Treble in 2 Yrs: Anarock

The number of centres of large coworking operators in the country is likely to double or treble in the next two years as the segment has gained momentum, a leading real estate consultant said on Friday.

In the coworking space, top seven operators - Cowrks, WeWork India, Awfis, Regus, Smartworks, 91springboard and OYO Workspaces - have more than 350 centres across cities in the country, Anarock Property Consultant managing director Anuj Puri said.

"This number is likely to double or even treble in the next two years, given the rate at which these leading players actively leased spaces across major cities in 2019," he said.

Currently, there are more than 200 coworking players operating across the country, Puri said.

Despite the WeWork debacle in the US raising questions about the future of the coworking business, the segment has emerged as a "viable asset class" for landlords and operators in India, he said.

"Millennials are set to form 50 per cent of the global workforce by 2020. This influential segment has been at the core of the coworking story in India and will continue to drive demand for such spaces in the country," Puri said.

The coworking market has grown by leaps and bounds and the supply was about 7-7.5 million sq.ft. area by end of 2018, he said. By end of 2019, the coworking space crossed 12 million sq.ft. mark, he said.

"The current lease-based structure does not offer much flexibility and cost efficiency. In 2020, it is likely to see the rise of ownership model, developed in partnership with landowners, developers or the space providers," Puri said.

This arrangement will create built-to-suit spaces that are customised as per the tenant's needs, he added. PTI BSM

Spring House Coworking Leases 21,000 Sq. Ft. Space at Golf Course Ext Road in Gurugram

Spring House Coworking, a chain of collaborative office spaces, leases 21,000 sq. ft. on the Golf Course Extension Road, Gurugram at Good Earth Business Bay to open up its 15th co-working space in North India and 8th in Gurugram.

As a part of its expansion spree, Spring House has taken this 21,000 sq. ft. space which will consist of 350 seats. The price of the seat will start from INR 8500 to INR 12,500. The company already has 14 operational co-working spaces in Delhi, NOIDA, Gurugram and Lucknow, which are spread over 2,00,00 sq. ft. and has more than 2,800 seats.

“We recently opened Spring House Coworking’s flagship property of 30,000 sq. ft. at MG Road, Gurugram and now taking another property on lease in the same city proves the growing demand of the co-working spaces here. This hub will be operational by the end of September 2019”, said Mukul Pasricha, Founder, Spring House Coworking Pvt. Ltd.

“This 21,000 sq. ft. will provide seats in various packages - open seats, private seats and daily basis, meeting rooms, conference rooms and common areas.”, added Pasricha.

Company plans to come up with more properties in Bangalore, Hyderabad and Mumbai by the end of FY 2019-20.

Founded in June 2014, Spring House is a chain of collaborative work spaces, spread across 2,00,000 sq. ft. at different locations in Delhi, Gurugram, NOIDA and Lucknow. The coworking provides a nurturing environment for start-ups and entrepreneurs to grow. The company spearheaded from a 40 seater co-working space in Gurugram to offering more than 2800 seats currently in the National Capital Region.

Spring House Coworking is more than just a place to work. It is a movement to bolster the growing start-up ecosystem within the country. Whether it is a small business, a freelancer, wandering worker or just a simple dreamer, there is a mélange of private offices, co-working desks, meeting rooms, managerial cabins and virtual offices to choose from. One can easily book by the hour, day.

or multiple months. With 14 diverse spaces in and around Delhi and NCR, one can gain access to all the benefits of an office space along with a fun, efficient and friendly environment to work at. The company places sheer confidence in the fact that, while you focus on your to-do’s it takes care of the rest.

Co-Working Space Firm GoHive Launches its Biggest Hub in Gurugram's Udyog Vihar

GoHive, one of the fastest growing co-working spaces in India is launching its biggest hub at Udyog Vihar, Gurugram. With the launch of its seventh workspace, GoHive aims to offer collaborative work environment for start-ups, young enterprises and professionals.

Its newest co-working space is spread over an area of 50,000 sq. feet designed for over 800 coworkers to come together and collaborate. It has a mix of private cabins, open seating and meeting rooms; all equipped with high end technology, high speed internet and a rooftop cafeteria.

Commenting on the launch, Mishu Ahluwalia, Founder & CEO, GoHive said, “Udyog Vihar has been a node for people from Gurugram and Delhi alike. It offers the fast paced, efficient work culture of Gurugram with the soulfulness and maturity of Delhi and we have successfully captured that experience at our center. It’s our largest facility yet and comes equipped with everything that a young company needs from an office."



Going in theme currently with Mothers’ Day celebrations, GoHive is also hosting a panel discussion on “Mompreneurship – Opportunities and Challenges of starting up during motherhood” during the launch with names like Vidhu Goyal – Wonk, Latika Wadhwa – Mompreneurs, Neela - Gurgaon Moms as panelists. This is not the first time that GoHive has conducted such events; they do industry specific networking sessions to promote different startup communities. Big names like PeeSafe, Qandle, Wonk Apps & Nuvoretail are already a part of GoHive’s Udyog Vihar community.

Last month, GoHive launched its sixth coworking space at Global Foyer, Gurugram. With a space for 200 people and hosting the likes of Zoho, this centre aims to be a landmark address for companies looking for a well recognised, well branded office space. After its successful stint of 7 centres in Delhi NCR, with 2 more around the corner, GoHive is all set to expand its market in Bangalore and Mumbai by July 2019.

GoHive aspires to be one of the most preferred choices for collaborative workspace across India for start-ups and enterprises with strong community engagement and inspiring workspaces.

GoHive is a community co-working space focused on helping fast paced tech startups grow by giving them an ecosystem of ready resources to push off from. GoHive believes the best way to kick something off is wholeheartedly. Their philosophy is reflected in their spaces and their coworking models, all designed in an intuitive manner to lift the energy and the spirit of the community. The focus is on good quality, functional design, keeping effieciency, comfort, and privacy at the forefront, to support & enhance one’s coworking experience.

GoHive aims to create an ideal co-working space for members – where you feel welcomed, inspired, with no compromises on productivity.

Jharkhand gets its 1st Govt-Run Co-Working Facility; To Select 12 Startups

The first government-run co-working space was inaugurated at the Atal Bihari Vajpayee Innovation Lab (ABVIL) in Kanke road in Ranchi, Yesterday.

With 24 workstations in total, this is the first such initiative to provide a workspace to the startups from all over Jharkhand in the state capital.

The facility will be made available for operations to 12 startups selected by ABVIL completely free of cost. 

Two workstations will be allotted to each startup as per their requirement and they can also exchange ideas and learn about marketing initiatives from the team at ABVIL at the same time.

ABVIL is an initiative by Government of Jharkhand in association with Indian Institute of Management (IIM) Ahmedabad to build a world-class innovation and entrepreneurship ecosystem in the State. 

“The startups will be getting a token amount before the election season begins across the country. They have been promised a monthly stipend and they will be receiving the same the next week,” said Vinay Kumar Choubey, secretary of the department of information technology and e-governance of Jharkhand.

The startups selected for incubation by ABVIL are supposed to receive a monthly stipend of Rs 8,500 for each member for up to three members per startup and Rs 10,500 for women members. While 49 such startups have been selected till date, 20 have completed the documentation,” Umesh Prasad Sah, director of information technology in Jharkhand and interim CEO of ABVIL, said.

The community plug and play workspace will be a major step towards development of the concept of community offices in Jharkhand. “As of now, we are providing the space and services free of cost to the startups selected by ABVIL. When the building at for ABVIL Ratu Road is ready, we will also be renting out workstations in community workspaces so that more startups have a chance at accessing affordable workspaces in Jharkhand,” Sah said.

D K Singh, director of Dhanbad-based BIT, Sindri, also welcomed the startups whose ideas have been selected for incubation at ABVIL. “The doors of BIT Sindri is also open for the entrepreneurs who are based in or near Dhanbad as we are also offering our Institute premises for co-working space from April this year. They are welcome to use our resources free of cost to set up their startup ideas into functional business models,” Singh said.

The present entrepreneurs on the occasion also welcomed the move by the department. Hemlal Mahato, a Giridih-based farmer who has started an organic farming-based startup with his fellow villagers said, “Having a corporate presence in the state capital is very crucial to building a market for any startup. The decision to provide us an office space free cost is a huge relief, as we can now have our team members working from Ranchi."

The news above was first published in Times of India

Smartworks Debuts 'Smart Mitri', An AI enabled She-Robot at its New Bangalore Center

L-R Balaji Viswananthan, CEO - Invento Robotics, Smart Mitri, Neetish Sarda, Founder - Smartworks, Harsh Binani, Co-founder -Smartworks

Smartworks, India’s largest agile workspaces player today launched its flagship facility in Bengaluru. Spread over 3 lakh sq. ft., with 6,000 seats, this is the firm’s largest centre located in Global Technology Park (GTP), Bellandur. 

One of the key highlights of the flagship centre is the introduction of ‘Smart Mitri’, which the company claims to be the world’s first female AI robot. Smart Mitri will be Smartworks’ in-house productivity mascot and will play an influential role in handling the overall office management for the facility, ranging from the visitor system to being a counsellor eventually. This is a first time in the world that a co-working firm is introducing robotic technology to the co-working management eco-system.

This is Smartworks second facility in Bengaluru, the first being in Cessna Business Park. GTP has received a tremendous response, with more than 60 percent of the space having been pre-booked by leading enterprises including Deluxe with 1200 seats, Altron with 220 seats and Playgames 24X7 with 450 seats.

Interior Of Smartworks, Bangalore

The Smartworks facility is a combination of modern aesthetics with the latest technology and a high emphasis on safety, wellness and productivity. Built across seven floors, it features smartly configured floor plans designed to promote employee productivity in a collaborative environment. It is designed to have plenty of natural light that has been proven to reduce stress, improve emotional health, increase productivity, and boost mood. It features fully glazed fire-rated lift lobby doors, marble-finished double height lobbies, green feature wall and fresh air filter for AHUs providing 0.25 Micron filtration.

Commenting on the launch, Neetish Sarda, Founder Smartworks said, “Smartworks is tapping the vast potential of India’s tech capital by building its futuristic office experience in Bengaluru on an unrivalled scale.” Speaking about the distinct edge that Smartworks provides, Neetish added, “Unlike other agile workplaces, Smartworks offers its clients a cost advantage of up to 30 – 40 % achieved through technology intervention that keep operating costs low. Our key focus remains on providing spaces that are modern, technology-rich, productive, collaborative, safe and promote wellbeing so that employees feel taken care of. Bengaluru has and will be a key market for us and we have plans to increase our presence here by ten-fold in the next few years."

With the launch of the Belladur facility, Smartworks now has a total portfolio of 2 million sq.ft. across India. The firm plans to expand their workspace portfolio to 10 million sq. ft. within the next 3-4 years.

The GTP facility marks the way forward for bigger and better technology innovations in the workplace for Smartworks. As the Silicon Valley of India, Bengaluru, has emerged as the Co-working capital of the world. Over the past few years, the city has witnessed massive adoption of the concept of co-working/agile office spaces, with companies and employees finding a co-working culture not just rhythmic to their working style, but also a key enhancer of productivity. As a tech park with state-of-art facilities such as crèche, meditation room, gym, angry man room, sleeping pods, connectivity, vending machines, employee engagement activities, multi cuisine food court and an enhanced user experience, GTP is a much sought after location for enterprises looking to establish or expand their footprint in the city.

Present at the launch of the Smartworks Bengaluru facility was Balaji Viswanathan, CEO of Invento Robotics, a Bengaluru based start-up and the brainchild behind Smart Mitri. Speaking at the event, he said, “It’s a great day for us today, to see our invention come to life! We would like to congratulate Smartworks on their vision to transform robot fantasy and fiction into robot reality with Smart Mitri as their visitor concierge. Smartworks is bringing this reality to life by expanding the possibilities for innovation."

To recall, in September last year we did a story on Invento Robotics in which discussed about how the startup had collaborated with manufacturing hubs in China to give birth to an intelligent robot called Mitra.

“Productivity and employee engagement are big focus areas for every employer today. In the knowledge era, the traditional approach to employee engagement and productivity needs to be turned on its head. Invento in partnership with Smartworks is finding new ways to enhance these interventions. The Mitra AI robots are a key element to making this a reality!” he added.

Smartworks has been on an expansion drive in Southern and Western India since the beginning of this year. The competition of Smartworks include WeWork, Cowrks, AWFIS among others. The firm is India’s preferred choice for top enterprises with these companies accounting for 90% of its seats. It is India’s only profitable co-working space player of its size.

With 20 locations across 9 cities, the firm caters to more than 500+ organizations across large enterprises, SMEs, start-ups. Select marquee clients that work out of its centres include Tata Communications, Microsoft, Arcelor Mittal, Amazon, Carrier, Otis, Daikin, Lenovo, Bacardi, and OLX.

Co-working Giant WeWork Launches 'WeWork Lab' in India; To Help Startups Raise Funds

New York-based co-working space giant WeWork on Thursday launched ‘WeWork Labs’ in India to help early-stage startups in the country get access to investment, resources and mentorship from its global network of members. WeWork Labs functions as a startup incubator within WeWork, that provides an open workspace with the goal of encouraging collaboration among members who haven't yet fully developed their business ideas.

WeWork, which raised massive $4.4 Bn from Softbank in August'17 valuing it at $20 billion, said that it is planning to set up 10 ‘WeWork Labs’ in India by next year which would provide support to startups.

The first WeWork Labs opened in New York’s SoHo in April 2011 and about 1,000 start-ups are part of WeWork Labs across the globe.

Started a pilot three-four months ago, there's already a WeWork Labs in India at the company's Gurugram facility (Platina Tower) and eight startups are already a part of it.

WeWork Labs also partners with local incubators and accelerators to provide holistic, long-term support for startups throughout their journey. Notably, it do not take equity in member companies

WeWork Labs Senior Vice President and Global Head Roee Adler told PTI, "India is among the largest start-up nations and is poised to continue growing at a significant pace. While there are programmes running in India that offer incubation and acceleration to start-ups, we believe the scale has to be increased manifold."

With its global network of over 2.68 lakh members, WeWork is confident that its "unique and no-equity startup programme" can help support Indian start-ups through their journey as they grow their ideas and business, he added.

WeWork has more than 5,000 employees in over 280 locations, spread across 77 cities in 23 countries including Australia, Argentina, Brazil, Canada, China, Colombia, France, Germany, Hong Kong, Ireland, India, Israel, Japan, Mexico, Netherlands, Peru, Singapore, South Korea, Spain and United Kingdom.

Source - The Hindu, Economic Times

Co-working Giant WeWork Launches 'WeWork Lab' in India; To Help Startups Raise Funds

New York-based co-working space giant WeWork on Thursday launched ‘WeWork Labs’ in India to help early-stage startups in the country get access to investment, resources and mentorship from its global network of members. WeWork Labs functions as a startup incubator within WeWork, that provides an open workspace with the goal of encouraging collaboration among members who haven't yet fully developed their business ideas.

WeWork, which raised massive $4.4 Bn from Softbank in August'17 valuing it at $20 billion, said that it is planning to set up 10 ‘WeWork Labs’ in India by next year which would provide support to startups.

The first WeWork Labs opened in New York’s SoHo in April 2011 and about 1,000 start-ups are part of WeWork Labs across the globe.

Started a pilot three-four months ago, there's already a WeWork Labs in India at the company's Gurugram facility (Platina Tower) and eight startups are already a part of it.

WeWork Labs also partners with local incubators and accelerators to provide holistic, long-term support for startups throughout their journey. Notably, it do not take equity in member companies

WeWork Labs Senior Vice President and Global Head Roee Adler told PTI, "India is among the largest start-up nations and is poised to continue growing at a significant pace. While there are programmes running in India that offer incubation and acceleration to start-ups, we believe the scale has to be increased manifold."

With its global network of over 2.68 lakh members, WeWork is confident that its "unique and no-equity startup programme" can help support Indian start-ups through their journey as they grow their ideas and business, he added.

WeWork has more than 5,000 employees in over 280 locations, spread across 77 cities in 23 countries including Australia, Argentina, Brazil, Canada, China, Colombia, France, Germany, Hong Kong, Ireland, India, Israel, Japan, Mexico, Netherlands, Peru, Singapore, South Korea, Spain and United Kingdom.

Source - The Hindu, Economic Times

Co-Working Spaces Startup GoWork To Pump $1 Bn To Open 50 Centres Across India

Gurgaon-based GoWork, a start-up that offers co-working spaces, plans to invest $1 billion (~ Rs 6,500 crore) over the next five years in setting up its 50 shared offices across India.

Owned by Nimitaya Group, GoWork's one centre in Delhi will come up by June while another one in Bengaluru will also come up by the end of this year. "We are in initial discussions with private equity players to raise funds," Sudeep Singh, chief evangelist, GoWork, said in a media statement.

The first GoWork first facility in Gurgaon is the largest is the world with 12,000 seats capacity, an area of 4.5 lakh sq feet and can house 8000 people. Located 100 metres away at Udyog Vihar Phase 2 in Gurgaon the second facility which today is the second largest facility in the world is 3.5 lakh square feet and can seat 5000 people.

GoWork, which offers co-working spaces to corporates, small and medium enterprises, start-ups and entrepreneurs, also plans to start a ‘Frustration Room’ in all its centres, which will help the professionals in managing their stress. One can go to the frustration room which will have sound-proof walls, and shout loudly or can just break things kept in the room to vent their anger or stress, Singh elaborated. As of now, the company plans to keep an old car for breaking with a hammer and safety gloves.

We are also in discussions with other firms to set up a creche facility in our centres, which will support working mothers as well as single parents, he said. GoWork already has Cox & Kings, Lifelong, Impactify, Flying Fur, WIP and Fixxoo as their clients. The start-up, which is in talks to raise $150-200 million with private equity firms this year, had raised its first round of funding from a family group Nimitaya Group.

GoWork operates on 80:20 model of ownership and leasing of spaces, and going forward, will maintain this, Singh said. The company wants to be present in every metro in the next five years apart from other cities and towns.

According to consultancy firm CBRE, the advent of co-working spaces is termed as the next wave of disruption in the office segment.

Co-working means shared office spaces with a new-age work environment. These centres have membership packages ranging from daily to yearly. It has private offices, fixed desks, flexible desks, virtual offices with all facilities of a hotel such as internet, gym, spa, cafes and common areas.

The above news was first reported in DNA.

The idea of co-working spaces has been gaining momentum in India. The total space leased by co-working operators in tier-I and tier-II cities is expected to reach almost 6-10 million square feet by 2020, as per CBRE.

In June 2017, the then Commerce and Industry Minister has had written a letter to all Members of Parliament (MPs) to consider setting up co-working spaces/incubators for Startups in their constituency under the Members of Parliament Local Area Development Scheme Fund (MPLADS), informed ministry in a press release on Wednesday.

Last August, New York-based WeWork, the world's top co-working startup by valuation, starts building a core team to enter the National Capital Region and received whopping $4.4 billion investment from Japan’s SoftBank. Earlier in July 2017, WeWork opened its first community workspace in India – ‘WeWork Galaxy”, in Bengaluru’. As per the Crunchbase website, WeWork has raised nearly $10 billion in funding since it was launched.

In the same month, Huddle, a co-working incubator launched its centre and resumed its services in Cyber City Gurugram.

Last July, Delhi-based co-working startup Gurukul has received an undisclosed amount of funding from Indian international cricketer Yuvraj Singh. In the same month an another c-working spaces startup iKeva launched its shared offices in Gurugram And Mumbai.

In October, Haryana state government had also announced to open an entrepreneur centre in Gurugram.

Prior to this, the state govt had also announced setting up of first Centre for Innovation and Entrepreneurship (CIE) in Gurugram under Haryana's new state startup policy.

Co-Working Spaces Startup GoWork To Pump $1 Bn To Open 50 Centres Across India

Gurgaon-based GoWork, a start-up that offers co-working spaces, plans to invest $1 billion (~ Rs 6,500 crore) over the next five years in setting up its 50 shared offices across India.

Owned by Nimitaya Group, GoWork's one centre in Delhi will come up by June while another one in Bengaluru will also come up by the end of this year. "We are in initial discussions with private equity players to raise funds," Sudeep Singh, chief evangelist, GoWork, said in a media statement.

The first GoWork first facility in Gurgaon is the largest is the world with 12,000 seats capacity, an area of 4.5 lakh sq feet and can house 8000 people. Located 100 metres away at Udyog Vihar Phase 2 in Gurgaon the second facility which today is the second largest facility in the world is 3.5 lakh square feet and can seat 5000 people.

GoWork, which offers co-working spaces to corporates, small and medium enterprises, start-ups and entrepreneurs, also plans to start a ‘Frustration Room’ in all its centres, which will help the professionals in managing their stress. One can go to the frustration room which will have sound-proof walls, and shout loudly or can just break things kept in the room to vent their anger or stress, Singh elaborated. As of now, the company plans to keep an old car for breaking with a hammer and safety gloves.

We are also in discussions with other firms to set up a creche facility in our centres, which will support working mothers as well as single parents, he said. GoWork already has Cox & Kings, Lifelong, Impactify, Flying Fur, WIP and Fixxoo as their clients. The start-up, which is in talks to raise $150-200 million with private equity firms this year, had raised its first round of funding from a family group Nimitaya Group.

GoWork operates on 80:20 model of ownership and leasing of spaces, and going forward, will maintain this, Singh said. The company wants to be present in every metro in the next five years apart from other cities and towns.

According to consultancy firm CBRE, the advent of co-working spaces is termed as the next wave of disruption in the office segment.

Co-working means shared office spaces with a new-age work environment. These centres have membership packages ranging from daily to yearly. It has private offices, fixed desks, flexible desks, virtual offices with all facilities of a hotel such as internet, gym, spa, cafes and common areas.

The above news was first reported in DNA.

The idea of co-working spaces has been gaining momentum in India. The total space leased by co-working operators in tier-I and tier-II cities is expected to reach almost 6-10 million square feet by 2020, as per CBRE.

In June 2017, the then Commerce and Industry Minister has had written a letter to all Members of Parliament (MPs) to consider setting up co-working spaces/incubators for Startups in their constituency under the Members of Parliament Local Area Development Scheme Fund (MPLADS), informed ministry in a press release on Wednesday.

Last August, New York-based WeWork, the world's top co-working startup by valuation, starts building a core team to enter the National Capital Region and received whopping $4.4 billion investment from Japan’s SoftBank. Earlier in July 2017, WeWork opened its first community workspace in India – ‘WeWork Galaxy”, in Bengaluru’. As per the Crunchbase website, WeWork has raised nearly $10 billion in funding since it was launched.

In the same month, Huddle, a co-working incubator launched its centre and resumed its services in Cyber City Gurugram.

Last July, Delhi-based co-working startup Gurukul has received an undisclosed amount of funding from Indian international cricketer Yuvraj Singh. In the same month an another c-working spaces startup iKeva launched its shared offices in Gurugram And Mumbai.

In October, Haryana state government had also announced to open an entrepreneur centre in Gurugram.

Prior to this, the state govt had also announced setting up of first Centre for Innovation and Entrepreneurship (CIE) in Gurugram under Haryana's new state startup policy.

Co-working Startup Incubator 'Huddle' Opens Its Center in Gurugram

Huddle, a co-working incubator has setup its centre and resumed its services in Cyber City Gurugram.The incubator aims to strengthen the start-up ecosystem, bringing together a network of entrepreneurs and industry leaders to provide intellectual, social and financial capital required for startups.

It provides startups with the flexibility to work according to their preference. They can pick from various work settings apart from their station. Built to cater comfort through modern industrial design, Huddle enables them to maximize work efficiency with ergonomic seating and large workstations.

Sanil Sachar, Partner, Huddle said that Huddle is a collaborative effort to strengthen the startup ecosystem with the combined efforts of all relevant stakeholders and would provide every possible help to propel the startups.

Huddle provides industry-specific guidance and a unique four-point approach which involves tailor- made mentorship ,investment opportunities, business support and networking.

In August, GoWork -- an another co-working space startup in Gurugram -- became world's largest co-working space yet by setting up 12,000 seats at one place, in Gurugram [Read Here].

To recall, last month the state government too had announced to open an entrepreneur centre in Gurugram.

Prior to this, the state govt had also announced setting up of first Centre for Innovation and Entrepreneurship (CIE) in Gurugram under Haryana's new state startup policy.

Co-working Startup Incubator 'Huddle' Opens Its Center in Gurugram

Huddle, a co-working incubator has setup its centre and resumed its services in Cyber City Gurugram.The incubator aims to strengthen the start-up ecosystem, bringing together a network of entrepreneurs and industry leaders to provide intellectual, social and financial capital required for startups.

It provides startups with the flexibility to work according to their preference. They can pick from various work settings apart from their station. Built to cater comfort through modern industrial design, Huddle enables them to maximize work efficiency with ergonomic seating and large workstations.

Sanil Sachar, Partner, Huddle said that Huddle is a collaborative effort to strengthen the startup ecosystem with the combined efforts of all relevant stakeholders and would provide every possible help to propel the startups.

Huddle provides industry-specific guidance and a unique four-point approach which involves tailor- made mentorship ,investment opportunities, business support and networking.

In August, GoWork -- an another co-working space startup in Gurugram -- became world's largest co-working space yet by setting up 12,000 seats at one place, in Gurugram [Read Here].

To recall, last month the state government too had announced to open an entrepreneur centre in Gurugram.

Prior to this, the state govt had also announced setting up of first Centre for Innovation and Entrepreneurship (CIE) in Gurugram under Haryana's new state startup policy.