Sharing of space, ideas and vibes is the new concept embraced by the new age entrepreneurs this year. Co-working space culture is rapidly growing in the country, with not only startups, small businesses, but large corporates opting for such spaces for their office space requirement.
As India Inc is witnessing a shift in preferences by entrepreneurs and companies of all sizes and 2017 is the year of Co-Working space.
Here's quick look at five shared or co-working spaces that flourished in India at a rapid pace in 2017:
ONE Co.Work
Founded in October 2015 as One Internet, ONE Co.Work has gained exponential recognition and caters to the needs of over 100 start-ups and entrepreneurs. Ramping up its operations to offer comprehensive support services to start-ups and entrepreneurs, ONE Co.Work, offers a unique product titled ONE Co.Cafe which converts cafes into vibrant co-working spaces.
The platform's target market comprises solopreneurs, musicians, SMEs, small business owners, freelancers and anyone who desires a flexible and affordable working space. It offers innovative infrastructure like sleeping pods, divided zone - chirping zone and silent zone.
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It entered Bangalore with the launch of its new centre in Koramangla in November 2017. ONE Co.Work is planning to launch a 15,000 sq ft of co-working space in Sector 125, Noida and add another 16,000 sq ft of space in Connaught Place, New Delhi by March end.
GoWork
Founded by Sanjeev Mahajan (Chairman), Sudeep Singh (Chief Evangelist) and Nimit Mahajan (Co-founder) in June 2017, GoWork has started operations from November with clients like Cox and Kings, Fixxoo, Lifelong, etc. and aims to increase the profitability of India's SMEs and start-ups.
With its two facilities spread in an area of eight lakh square feet, GoWork is the world's largest co-working campus. It is providing its customers with world class technological amenities like a high-tech environment with a capacity of two Mbps internet speed for every individual.
The co-working campus believes in the holistic development of its customers and is a regular host to Art of Living workshops and sessions, Hackathon meets, investors sessions etc.
Insta Office
InstaOffice has developed an end-to-end office space solution, InstaOffice Unwind Sessions and a wide range of support services for its members. Instaoffice's strong technology platform allows office seekers to find an InstaOffice anytime, anywhere and for any duration.
It provides a unique opportunity to its Real Estate partners to monetize vacant properties, and earn a higher rental yield. Insta Office opened up its sixth co-working space in Delhi/NCR in mid 2017.
Apart from this, it has presence in Delhi, Bengaluru and GIFT City, Gujarat. The company plans to launch about six to eight co-working spaces in the National Capital Region (NCR) in the first half of 2018.
Spring House
One of the leading breeding grounds for entrepreneurs, thought leaders and early adopters, Spring House began as a chain of collaborative work and living spaces that provided a nurturing environment for start-ups to grow. Starting with one co-working centre in Gurugram with a mission to bolster the growing start-up ecosystem in the country, Spring House is now a hub of 10 co-working spaces spread over an area of 50,000 sq.ft. in different parts of the National Capital Region (NCR).
The vibrant community of Spring House includes future start-up leaders with global aspirations. Spring House has launched one centre in Noida this year and planning to add more by the end of next year.
WeWork
WeWork India, a joint venture between Embassy Group and US headquartered coworking space provider WeWork, began its India operations with the launch of WeWork Galaxy, a 1.4-lakh sq ft facility in Bengaluru, in July,2017.
It is targeting to set up a total of seven centres across the country by 2017-end, including one in Whitefield, Bengaluru, and additional locations in Mumbai and Delhi.