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 »
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 »
Shared office space company WeWork Cos is starting to expand with a broader real estate facilities management service, it said on Wednesday. WeWork is building on what it calls “on-site services” that began with an unnamed corporate client in Chicago that is reducing its leased space to two floors from three, said David Fano, the… Read More »
SoftBank Group Corp has invested $300 million in shared-office space company WeWork, the first installment of a multi-billion-dollar bet, according to a source familiar with the matter. SoftBank, the Japanese telecommunications and internet company, has made bold and wide-ranging bets in the technology industry, including India ride-service company Ola, San Francisco-based financial services startup SoFi… Read More »
A property consultant expects the demand for office space to stay strong in 2017 on the back of low supply and lack of availability of Grade A office spaces. It also expects more companies using co-working spaces to adopt a flexible working strategy. According to the agency, while supply in 2017 is expected to remain… Read More »
InstaOffice, a start-up that offers managed office space on a sharing basis, said on Monday it raised an undisclosed pre-Series A round led by Globevestor, a California, US-based venture capital firm that has backed car-rental service Zoomcar, education portal OnlineTyari and lending platform Rubique. Angel investors including Toppr co-founder Zishaan Hayath, Karan Chellani, managing partner… Read More »
Growth in the Indian commercial sector is expected to positively impact the ‘workspace solutions industry’ in the coming years. The sector is expected to witness 10% year-on-year growth in the next five years, according to the industry experts. Workplace solution involves providing end-to-end commercial real estate solutions to companies across sectors – from concept to… Read More »
Real estate developers and financial investors are capitalising on fast-rising demand for leasing of “co-working” spaces in China, as Beijing encourages startups and small businesses in a bid to offset slowing growth at traditional industries. Developers, including China Vanke, Soho China and Singapore’s CapitaLand, are renting out property space that hordes of self-employed persons or small-sized companies… Read More »
A growing number of coworking spaces in tier-II cities like Indore, Ahmedabad, Rajkot, Udaipur, Jaipur, Kota, Surat, Pune and other cities has boosted the startup ecosystem. Startups who seek an ecosystem are able to create cocoon communities within this coworking spaces. “Mushrooming of coworking spaces in smaller cities is due to the rise of startup aspiration… Read More »
Coworking space provider Instaoffice has forayed into the Bengaluru market by announcing their plans to launch two offices in Indiranagar. With one office at 100 Feet Road, the other at Double Road in Indiranagar, the company will offer over 150 seats in total to the city known for its startup culture. “Indiranagar is an ideal location for… Read More »