The New Work Space
Outlook Money|April 2017

In the initial stages of your start-up, it makes sense to work out of a coworking space, says Anagh Pal.

Anagh Pal
The New Work Space

There is something about the 80 feet road at Koramangala, Bangalore —other than homes, shops and cafes, its home to the India’s busiest start-up locality and co-working spaces. The working out of coffee shops to garages before setting up an office is passé. Co-working spaces have identified the gaps that exist in terms of what start-ups look for and have started creating the right environment, ambience and facility to cater to the start-up brigade.

“The best bit about Innov8 is the inspiration aspect. There is inspiration all around. There are posters of Forbes billionaires and inspirational quotes scribbled on the walls. There is a lot of attention to detail which means that the productivity levels are high,’ says Pooja Bhayana, co-founder, Let’s Barter India. She along with her co-founder Sahil Dhingra operate from co-working space Innov8 located in Connaught Place, in central Delhi.

Beyond convenience

The term co-working space refers to the shared work space, an office where independent set-ups work together. “Co-working spaces in India have almost doubled in the last two years. The business model of start-up incubators has been around for a while and a lot of them have evolved into co-working spaces. The idea of a co-working space is like a plug and play system where a start-up team or a sole proprietor can go out and passionately dedicate themselves to working rather than worrying about things like internet connection, printing and other office issues,” says Geetika Dayal, Executive Director, TIE , Delhi-NCR.

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