November 18, 2019

Will this Indian Coworking Startup Disrupt Workplace?

Will this Indian Coworking Startup Disrupt Workplace?

From ‘office’ to Awfis (yes, we get the idea here, very nice!), the Indian coworking space is truly bubbling with innovations and startup themes. This week has been good so far with two Indian startups from the coworking space scooping major funding rounds. First, we covered GoWork, and now, it’s hustle time for Awfis.

The coworking startup has just confirmed raising$30 million from PE firm, ChrysCapital.

Awfis CEO, Amit Ramani, spoke to a leading financial news publication, The Economic Times.

Amit said We’ve been pretty prudent with the capital raise that we have been undertaking, and the capital has been deployed very judiciously. This round allows us to expand our capacity to over 100,000 seats by 2020, and 200,000 seats by 2022.”

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Currently, Awfis has a growing footprint across seven Indian cities -Delhi, Pune, Hyderabad, Bangalore, Gurgaon, Mumbai, and Noida. The top-notch products offered are:

  • Virtual Office
  • Bulk Meeting Hours
  • Flexible Seats
  • Meeting Rooms
  • Cabins
  • Mobility Solutions

In the modern business, co-working solutions can save companies millions with outsourced, readymade plug-and-play mobility and virtual office suite. From driving employee experiences to delivering on flexible work timing, co-working solutions are slated to be the ‘new normal’ in the era of a mobility-driven ecosystem.

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The biggest players in the co-working space are:

According to an independent survey on coworking spaces, 70% of such set-ups with a minimum of 200 employees are profitable. In the highly competitive start-up businesses that are looking to digitally transform their operations, Coworking could help break-even and earn profits faster than earlier anticipated.

The Future of Coworking?

The overall number of globally recognized coworking spaces would touch 20,000 and reach 26,000 in the next 3 years. The projected growth is 42% between 2019 and 2022. In this fast-paced disrupted Indian startup ecosystem, we expect players like Awfis to make a name for themselves in the coming months.

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Sudipto Ghosh

Sudipto is a technology research specialist who brings 11 years of professional blogging and technical writing experience. He has developed cutting-edge content for over 100 websites and mobile applications. Our ‘Wordsmith’ is an engaging conversationalist and has done more than 200 interviews with some of the leading names in automobile, digital advertising, IT/ITES, medical technology, real estate, gemstone certification, HVAC, tourism and food processing industries. Apart from technical writing, he loves to blow off steam by chronicling stories about top medical professionals, innovators, spiritual 'gurus', gym trainers, nutritionists, wedding planners, chefs and off-beat hobbyists. The best place to find him beyond work hours— the shadiest underground gym in the city. He is an ardent sports buff and contributes with his witty live commentary too.

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