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.

Odisha Likely To Have A Draper Startup House Soon

Visit of Draper Startup House Co-Founder to Bhubaneswar elicits hope

It all started in January this year when Startup Odisha’s Executive Chairman, Dr. Omkar Rai, had a meeting with billionaire venture capitalist Tim Draper in Bhubaneswar during the latter’s visit to the state wherein the duo discussed the prospects of establishing a Draper Startup House in the State capital. Ever since Startup Odisha has been making every possible effort to materialize and give it a shape. Now, six months down the line, the slated visit of Karan Bahadur, Co-Founder & Head of Operations at Draper Startup House, India to Startup Odisha elicits hope that these efforts will likely bear fruits and a ‘Draper Startup House’ in Bhubaneswar would soon be a reality.

Launched in January 2020, Draper Startup House provides global co- live/work spaces for entrepreneurs where they can connect, be inspired, and build a community.

A Draper Startup House would add to the building up of a world-class startup ecosystem in Odisha by leveraging it with the global entrepreneurial ecosystem and providing the best of the resources to the startups in Odisha, including financial. It would foster connections with venture capitalists and angel investors across the globe besides providing a co-living space where startup entrepreneurs, investors, founders, mentors, and other stakeholders of the startup ecosystem in Odisha would be able to work in close consonance and coherence.

The proposed visit sends a positive signal among all the stakeholders of the Startup ecosystem in Odisha who are hopeful that setting up a ‘Draper Startup House’ in Bhubaneswar will open the door to a sea of opportunities and provide global avenues. Further, it would also help position Odisha as a Startup Hub keeping pace with the most advanced and futuristic startup ecosystem around the world. It is worth mentioning that Draper Startup House supports startup entrepreneurs across the world with a vision and mission to one million entrepreneurs by 2030. Draper Startup House locations are for traveling startup founders, digital nomads, and other remote workers.

Eliciting hope that something significant is coming down the pike following the visit of Mr. Bahadur, Dr. Omkar Rai enumerated, “The upcoming meeting will foster and embolden the prospects of collaboration between O-Hub and Draper Startup House, wherein both organizations would work towards mutual growth opportunities and strengthening the startup ecosystem in the State of Odisha”.

Further, during his stay in Bhubaneswar, Mr. Karan Bahadur would be meeting local startups, incubators, and prominent industry leaders, aiming to gain a comprehensive insight and understanding of the startup landscape in the state.

Draper Startup House joins forces with Tribe Theory with $3.5 Mn Investment and Partnership

Tim Draper, prominent venture capitalist and founder of Draper Venture Network, Draper Associates, Draper University and DFJ, has announced a new addition to his global brand, Draper Startup House. 

Draper Startup House will join forces with Tribe Theory, an international entrepreneur-focused hostel chain founded by Vikram Bharati in Singapore & came into India with an acquisition of Construkt Startup Hostels founded by Shashikiran Rao & Karan Bahadhur. With the strategic investment of Tim Draper in Tribe Theory, the existing hostel will rebrand to Draper Startup House(DSH) and form the International division of the business. Katie Russel and Daniel Wiegand have jointly founded the parent company Draper Startup House in the United States which will operate the US business activities and oversee its minority stake in the international partnership. These two operations will collaborate to expand hostel locations globally in its aspiration to support and enable one million entrepreneurs by 2030. 

“Tim and his team immediately understood our vision and made an offer to invest in us and work with us to build out this concept globally under the brand Draper Startup House. This was the differentiator we were seeking,” explains Tribe Theory founder, Vikram Bharati. “This rebrand will put us on the course of building what we had set out to – hospitality as the foundation of an entrepreneurship ecosystem. It will propel our mission much further because we are now part of a larger ecosystem.” 

“Becoming an entrepreneur can be a life changing experience and helping startup founders realize their dream has been our mission for over a decade at Construkt. With Tim & the Draper Venture Network coming onboard & us rebranding will help make the silicon Valley ecosystem accessible and inclusive to every Indian entrepreneur not just unicorns”,says Shashikiran Rao, Cofounder (Europe & India) for DSH.   

Tribe Theory has eight existing international locations, including Bali, Singapore, Yangon, Estonia, Manila, Lisbon, as well as two locations in Bangalore that will be rebranded to Draper Startup House. The first United States location will open in March 2020 in Austin, TX, with additional locations following the investment. 

“Draper Startup House provides global live/work spaces for entrepreneurs where they can connect, be inspired, and build a community,” says Tim Draper. “Draper Startup House community members join a powerful global network of innovators and influencers. DSH provides resources and activities to help them succeed with their missions.” 

In addition to the short and long term accommodations offered by Draper Startup House, entrepreneurs will receive unprecedented support. Each location will offer co-working space, custom programming focused on entrepreneurship, access to venture capital funding and the ability to submit pitch decks to the Draper Venture Network, which has 23 global funds. Through the use of real human connection, inspired business travel, a diverse-minded community and access to global citizens, entrepreneurs are able to connect to new opportunities, inspire one another to innovate and execute and empower one another to go big, give back and drive progress. 

About Draper Startup House: 

Draper Startup House is an expansion of Tim Draper’s global brand which includes Draper Venture Network, Draper Associates and Draper University. Operating in the United States and in partnership with Tribe Theory to support international efforts, Draper Startup House is disrupting the hospitality model by creating true value through building a larger business ecosystem. Their mission is to empower people across the globe who have unique and groundbreaking ideas, providing them with resources to dedicate themselves to their vision and accelerate their work. 

About Tim Draper: 

Since 1985, Tim Draper has been focused on supporting and accelerating entrepreneurial work through his Draper Ecosystem. He has been an early investor in more than 30 unicorns including Hotmail, Skype, Tesla, SpaceX, Baidu and Bitcoin. The Draper Ecosystem is built upon five pillars that mimic a startup's lifecycle from idea to global expansion. This formula has seen substantial success with alumni launched startups having raised over $240M via venture funding.