Gurgaon-based TOP Technologies, the parent firm of coworking platform The Office Pass, has raised $245,000 (Rs 1.5 crore) in a seed funding round led by Arun Tadanki, former managing director of Yahoo India & Southeast Asia. The funds will be deployed in enhancing the platform and hiring technology and product talent. “We aspire to connect… Read More »
Spaces, an Amsterdam-born co-working space provider, has launched its first shared-space in Cyber City, Gurgaon. Spaces along with five other brands i.e. Regus, Signature, Open Offices, Kora and MOS are the subsidiary of IWG, a global workplace provider headquartered in Brussels. The 30,000 sq ft of co-working space in Gurgaon has 430 seats capacity. The… Read More »
Mumbai-based collaborative co-working space rental company, Awfis Space Solutions has raised $20 million (about `128 crore) from Sequoia India and plans to use the funds to expand its network of centres, launch new products and services, and enhance its technology platform. With this infusion, as part of a Series-B round, the total capital raised by… Read More »
India’s digital payment giant Paytm opened its third office in Bengaluru renting a 150-seat space in a flexible office in Bengaluru as it seeks to expand up presence in the startup capital of India. Paytm is on a head count expansion spree to bring on board 2,000 executives in South India alone to widen its… Read More »
Large companies are seeing sense in employees working out of a co-working space near their homes, as urban commutes are getting longer. Co-working spaces like CoWrks, InstaOffice, 91springboard, Awfis finds that up to 40-50% of their space is now occupied by SMEs and corporates and not just startups. “When you enter a corporate office, you… Read More »
Major co-working operators leased only 1.2 million sq ft in 2016, which accounted for 3 per cent of the overall leasing volume in our country. More than 50 per cent centres are based in Bengaluru, NCR and Mumbai with 60 to 80 per cent occupancy. Colliers, in its report on co-working space forecasts that the… Read More »
Coworking firms leased 0.12 million square feet of office space in Gurugram in 2016, comprising 10% of the overall coworking leasing across key cities, and the demand is set to grow further, according to property consultancy Colliers International. Location such as Sohna Road, Golf Course Road, Sector 44, Sector 29 and Udyog Vihar emerged as… Read More »
According to the report, coworking operators leased only 1.2 million sq ft in 2016, which accounted for 3% of the overall leasing volume. “We also foresee that the concentration of coworking space will intensify further in Bengaluru, Mumbai, and Gurugram (Gurgaon) due to the availability of adequate infrastructure and opportunities for start-ups in those cities,”… Read More »
Vatika Business Center, a unit of real estate firm Vatika Group, has forayed into the coworking spaces segment with the launch of its first office in Gurguram and plans to open 50 more such centers across India in the next 4-5 years. The company has also formed a separate verticle for coworking spaces under the… Read More »
Burgeoning interest and investment in flexible workspaces is pushing a small corner of the commercial real estate market into the corporate mainstream, and drawing one top executive from Asia to help expand his company’s U.S. operations. Media reports say Japan’s SoftBank Group Corp, with expertise in information technology and telecommunications, is close to investing more… Read More »