iKeva Launches Co-Working Space In Gurugram And Mumbai; Amidst Aggressive Expansion Plans

Hyderabad-based hyper-local co-workspaces and flexible leases startup iKeva has launched 2 new centres - 175 seats secured co-working space in Sector 44, Gurugram’s Premium location and another 165 seaters in Mumbai.

Besides highly functional private offices, dedicated desks, shared workspaces, meeting rooms, breakout rooms, networking spaces and other facilities, iKeva member benefits include an array of discounts and tools which benefit companies and individuals. It also offers to its members a curated list of service providers like CAs, lawyers, recruiters, HR consultants, UI designers, Software developers and more.

These 2 new centres follow Hyderabad, Bengaluru, Chennai centres. iKeva started its operations in 2013 at Banjara Hills, Hyderabad and grew its footprint to 1200 seats and over 70000 sq ft. The company now boasts 6 centres across 5 cities and over 4000 members.

Monika Misra, founder and General Manager of iKeva, is upbeat about the sector and believes co-workspaces are the future of work culture.

Commenting on the development, Misra said, “All the iKeva centres run close to full capacity and we have been profitable. The key reason for our success is largely due to flexibility, followed by strategic location, what we have focus on the word start is to be ‘scaleable’ as we host a strong mix of corporates, startups, and freelancers in our spaces. The Gurugram co-working space has already signed up large enterprises, freelancers, startups and SMEs like Directi Group Company - Zeta, Applify, The Workforce Consulting Group as its members.”

iKeva business model continues to see rapid adoption nationwide, as a place where startups get to learn about business and scaling-up from Fortune 500 companies, on the other side fortune companies gain an opportunity to learn about innovation and agility from startups. iKeva earlier raised funding from Investors including Sateesh Andra, Dr Ramesh Byrapaneni, Dr Srikanth Sundararajan and Madhu Avalur, among others.

The additional centres being planned to be set up in the next 3-4 years are due to growing interest from Startups, SMEs and large enterprises for leasing offices in iKeva spaces.On company’s growth plans Misra said, “iKeva plans to grow to 50-80 centres in next 3-4 years.”

Sector Overview

If we look at the figures of CBRE- ‘Art of Coworking Report’, it states that as office rentals continue the upward trend in India, the total space leased by co-working operators in tier I and tier II cities is expected to be almost 6 - 10 million sqft. by 2020. The demand for co-working spaces can be mirrored with some of its benefits. A report from CBRE states that cost saving of at least 10 - 25% by leasing in a co-working space as compared to conventional leasing in the larger cities of Delhi, Gurgaon, Bangalore, Mumbai and Pune.

It is not only the startup community who is taking the initiative to set up co-working spaces, Government is also equally contributing in it. Recently in June 2017, Commerce and Industry Minister, Nirmala Sitharaman 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). Apart from this, Sitharaman has also used her MPLAD fund to create a co-working space for startups in Mangaluru.

Mumbai To Get The Quirkiest Coworking Space With Mumbai Coworking Launch in Andheri West

Due to a phenomenal rise in the Indian startup ecosystem and the new entrepreneurial mindset of the youth, the demands for coworking spaces in Mumbai have gone sky-high. To meet this demand, Mumbai-based entrepreneur Waqar Azmi has recently launched Mumbai Coworking to fulfill the workspace needs of startups and SMEs.
 
Mumbai Coworking is based in Andheri West, the heart of the Western suburbs. It is conveniently located 2 minutes away from the bus stop, 10 minutes from the DN Nagar metro station and 12 minutes from the nearest railway station. This coworking space in Andheri aims to establish its presence as the leading provider of shared office spaces in Mumbai.
 
“When I started up right out of college, there were no options for coworking and hence I had to work out of a small garage-like office. This meant I had to conduct meetings and interviews in coffee shops as I clearly couldn’t call them to my own office. These days a lot of youngsters are starting up early. They want to avoid the hassle of finding an office space, paying a broker, make long-term commitments, furnishing the place, etc and just focus on the business; especially when the team size is less than 10-15 people.”, says Waqar Azmi, Founder and CEO of Sutra Services Pvt Ltd.  
 
The shared office space in Mumbai provides a number of amenities like high speed internet, daily cleaning services, and immediate tech support. They have fully furnished rooms with spacious desks and storage spaces that are ready-to-use. Additionally, Mumbai Coworking also has a fully stocked pantry with a refrigerator, microwave, toaster, and balconies with designated smoking areas in every room accessible by everyone.


 
Waqar further explains, “At Mumbai Coworking’s plug-n-play office, you can get started for as little as Rs 5,000 per month within minutes without brokerage costs, long-term commitments or huge deposits. Another set of people that we’d like to serve are media professionals, CAs, lawyers, stock brokers, & freelancers working from home. Also, remote employees from companies having regional offices in Mumbai. Basically, getting a bunch of like-minded people to work, learn, and prosper together by providing a great work environment.”
 
What makes this place stand out from other coworking spaces in Mumbai is that they’ve gone past the basic necessities and delivered extra perks like unlimited beverages, flexible working hours, etc. Evenings at Mumbai Coworking mean it’s time to indulge in some delicious evening snacks like lip smacking vada/samosa pav, mouthwatering dabeli, their very own Mumbaiyya bhelpuri delivered right at your desk. These snacks come as a part of the package on booking a dedicated seat.


 
The cherry on the cake is the access to Sutra’s very own open-terrace lounge, overlooking the Mumbai skyline; it can be used for creative brainstorming sessions and casual client meetings. Quirky decor masks the walls of the lounge and can give any upscale restaurants in Mumbai a run for their money. If you’re tired from a long week, they also have informal hookah sessions every Thursday on their lounge where you can interact with other members.
 
Despite Mumbai’s soaring office rental prices, Mumbai Coworking has managed to keep their prices remarkably low without compromising on their offerings. Their budget friendly prices start as low as Rs. 5,000 for a floating seat and go up to Rs. 7,000 for a fixed seat inclusive of access to meeting rooms. Members can also avail discounts when they book bulk seats or take up the entire 8-seater, 14-seater, or 16-seater rooms. Mumbai Coworking also offers meeting/conference rooms separately on a half, full day basis for Rs 3,500 and Rs 5,000 respectively. You can also get a daily pass at just Rs. 500.
 
Mumbai Coworking’s shared office space in Andheri is now welcoming new members. You can reach out to them at +91 922 221 3191 / +91 922 220 7277 to know more.

Mumbai To Get The Quirkiest Coworking Space With Mumbai Coworking Launch in Andheri West

Due to a phenomenal rise in the Indian startup ecosystem and the new entrepreneurial mindset of the youth, the demands for coworking spaces in Mumbai have gone sky-high. To meet this demand, Mumbai-based entrepreneur Waqar Azmi has recently launched Mumbai Coworking to fulfill the workspace needs of startups and SMEs.
 
Mumbai Coworking is based in Andheri West, the heart of the Western suburbs. It is conveniently located 2 minutes away from the bus stop, 10 minutes from the DN Nagar metro station and 12 minutes from the nearest railway station. This coworking space in Andheri aims to establish its presence as the leading provider of shared office spaces in Mumbai.
 
“When I started up right out of college, there were no options for coworking and hence I had to work out of a small garage-like office. This meant I had to conduct meetings and interviews in coffee shops as I clearly couldn’t call them to my own office. These days a lot of youngsters are starting up early. They want to avoid the hassle of finding an office space, paying a broker, make long-term commitments, furnishing the place, etc and just focus on the business; especially when the team size is less than 10-15 people.”, says Waqar Azmi, Founder and CEO of Sutra Services Pvt Ltd.  
 
The shared office space in Mumbai provides a number of amenities like high speed internet, daily cleaning services, and immediate tech support. They have fully furnished rooms with spacious desks and storage spaces that are ready-to-use. Additionally, Mumbai Coworking also has a fully stocked pantry with a refrigerator, microwave, toaster, and balconies with designated smoking areas in every room accessible by everyone.


 
Waqar further explains, “At Mumbai Coworking’s plug-n-play office, you can get started for as little as Rs 5,000 per month within minutes without brokerage costs, long-term commitments or huge deposits. Another set of people that we’d like to serve are media professionals, CAs, lawyers, stock brokers, & freelancers working from home. Also, remote employees from companies having regional offices in Mumbai. Basically, getting a bunch of like-minded people to work, learn, and prosper together by providing a great work environment.”
 
What makes this place stand out from other coworking spaces in Mumbai is that they’ve gone past the basic necessities and delivered extra perks like unlimited beverages, flexible working hours, etc. Evenings at Mumbai Coworking mean it’s time to indulge in some delicious evening snacks like lip smacking vada/samosa pav, mouthwatering dabeli, their very own Mumbaiyya bhelpuri delivered right at your desk. These snacks come as a part of the package on booking a dedicated seat.


 
The cherry on the cake is the access to Sutra’s very own open-terrace lounge, overlooking the Mumbai skyline; it can be used for creative brainstorming sessions and casual client meetings. Quirky decor masks the walls of the lounge and can give any upscale restaurants in Mumbai a run for their money. If you’re tired from a long week, they also have informal hookah sessions every Thursday on their lounge where you can interact with other members.
 
Despite Mumbai’s soaring office rental prices, Mumbai Coworking has managed to keep their prices remarkably low without compromising on their offerings. Their budget friendly prices start as low as Rs. 5,000 for a floating seat and go up to Rs. 7,000 for a fixed seat inclusive of access to meeting rooms. Members can also avail discounts when they book bulk seats or take up the entire 8-seater, 14-seater, or 16-seater rooms. Mumbai Coworking also offers meeting/conference rooms separately on a half, full day basis for Rs 3,500 and Rs 5,000 respectively. You can also get a daily pass at just Rs. 500.
 
Mumbai Coworking’s shared office space in Andheri is now welcoming new members. You can reach out to them at +91 922 221 3191 / +91 922 220 7277 to know more.