Many are opting for shared workplaces not just for low rentals but for the whole ecosytem that allows networking and knowledge sharing. Enabling all this is a breed of new startups.
ASHISH BHATIA, co-founder of IT company Appworks, is a member of a new and rapidly growing club of Indian entrepreneurs: he and his company operate out of co-working spaces. The term refers to office spaces shared by freelancers, entrepreneurs, startups and companies who find the option more attractive than owning or leasing their own office space. Bhatia says: “We had rented a office space on Sohna road, but within six months, we realised that it was not what we had bargained for. Startups work in a VUCA world — volatile, uncertain, complex and ambiguous.” Bhatia is convinced that the decision to give up the rented office was right.
According to a Nasscom startup report, co-working space is a flexible, ready-to-use, plug-and play office-sharing arrangement where people from different professional backgrounds, interests and companies work in the same place together. Rightly termed as today’s physical LinkedIn, people operating in these spaces describe their way of working as a ‘movement’, which comes with a vast range of possibilities.
Companies operating out of shared working spaces have everything on a platter — from eco friendly and homely environment, to disciplined co-workers and professional cabins. With membership fees ranging from Rs 2,000 to Rs 8,000 per month, co-working spaces work out cheaper than renting individual office spaces.
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Is Leadership Without Hierarchies Possible?
LEADERSHIP IN THE current era is more challenging than ever before.
The Rise and Evolution of Coffee Culture in India
AS A BANGALORE native, South Indian filter ‘Kaapi’ has always been a significant part of our tradition.
The Daily Ground Goes Desi
Success in Tier-2 and Tier-3 cities hinges on several key factors, with one of the most important being the ability to offer high-quality products at an accessible price point
Cracking The Indian Code
TARUN JAIN, CEO of Tim Hortons India believes in creating an experience at cafes by blending global quality, local flavours and affordability
Making Coffee the New Chai in India
Affordable, great-tasting coffee made fast-abCoffee is reshaping how India drinks coffee
Scripting A New Era Of Coffee In India
From a bootstrapped startup to international expansion, NOTHING BEFORE COFFEE is brewing its way to the top by challenging the giants of the coffee industry with innovation, personalisation, and sustainability
"Driven By A Younger Demographic, Coffee Culture Is On The Upswing"
SUNIL D'SOUZA, Managing Director and CEO of Tata Consumer Products, discusses the company's strategic growth in India's booming coffee market, focusing on premiumisation, innovation, and expanding consumer experiences both at home and in cafés, in this exclusive conversation with BW Businessworld's Tarannum Manjul
Fresh Brew, Big Ambitions
From startups to stores, Beanly's Samayesh Khanna and Rahul Jain elevate India's coffee culture by making freshly brewed coffee a daily delight
"On Track To Become India's Top Café Chain"
In an exclusive interview, RAJAT AGRAWAL, CEO of Barista Coffee, shared insights on the company's current market position, expansion strategies, and its response to growing competition
"Ensuring A Seamless Coffee Experience Outside The Cafe Is The Next Big Thing To Watch Out For"
In an exclusive conversation with BW Businessworld's Resham Suhail, Third Wave Coffee CEO RAJAT LUTHRA and its Co-founder AYUSH BATHWAL delve on how they are navigating the competitive landscape, going beyond retail and tapping changing consumer preferences