The New Work Space

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

- Anagh Pal

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.