Thursday, August 6, 2020
Shared & Co-Working Startups are Laying the Foundation for Business Growth in India
Steady economic development and burgeoning startup community in India is driving the flexible workspace industry. In the Asia-Pacific (APAC) market, India has the 2nd largest flexible workspace market, second only to China. CBRE report has found out that in the last 4 years, US$3 billion has been infused in the shared office space market, making it one of the fastest growing emerging markets.
The concept of shared office spaces is catching up in metros and now in the tier II and tier III cities as well. Startups like MyBranch, Qdesq and Flipspaces are coming up with technology driven solutions for start-ups & big firms so that they can continue growing their businesses in this COVID era. Let's have a look at their business model.
1. MyBranch: The firm works on the concept of shared working space and helps big corporate firms to extend their footprints in the Tier -2 & Tier- 3 cities. It came into existence in 2016 and since then has expanded its services in 25+ cities services across India. The firm plans to extend its services to 100 MyBranch locations by the year 2021.
2. Qdesq: Qdesq is a coworking aggregator and was founded in the year 2015. They provide a tech-enabled platform for the workforce to search and book flexible workspaces. The firm recently launched Qpro; a new vertical to accelerate the restrategizing of workspaces. The platform provides on-demand dedicated desks and promotes work near home.
3. Flipspaces: Flipspaces is a tech-enabled venture in interior design, products, and projects for commercial spaces. The firm was founded in the year 2015 and since then they have managed to acquire global experience in designing and building for Fortune 500 companies, start-ups, and coworking spaces.