Tag: MyBranch

Co-working spaces will see remarkable growth in 2021

Co-working spaces are rapidly gaining popularity among organizations and are doubling their inventory from the past few years in the major markets in India. Although Indian office spaces witnessed some hiccups due to the wrath of Covid-19, but the impact of decreased demand is minimal. While work from home is a temporary solution for organizations. The usage of office spaces evolved according to the changing needs of corporates.

In fact, in some cases, there may be an expansion of office spaces owing to physical distancing norms implemented by organisations among their employees. The current office configurations will then be modified resulting in an increase for additional space. Earlier co-working spaces were only trusted by startups but now the tables have turned as large enterprises apart from setting traditional offices also take a seat in the co-working centers.

Here is a look at few of India’s rising co-working spaces:

1. GoWork: A vision of the Nimitaya group, GoWork is India’s largest co-collaborative coworking space. From dedicated 1000 seater collaborative work environs for quick and optimized teamwork to ‘meditation’ and’ frustration’ zones for those office blues, GoWork ensures that it gives significant focus to the individuals as well as the work. With this idea, GoWork India provides you well-furnished office space for rent in Gurgaon with premium support.

2. MyBranch: MyBranch, is a unique player in the fast-developing Tier II and Tier III Indian cities designed to provide sustainable growth and refine business expansion. This Mumbai based venture provides several workspaces, enabling one to book according to their needs such as Office Space, Virtual Office, Meeting Room, Training Room, Single Workstation, Large Corporate Space, SME Work Place, or Branch Office.  Co-Founded by Kushal Bhargava, MyBranch aims to disrupt the traditional office leasing approach by enabling a user to discover, evaluate and book flexible workspace. This premier destination also provides Private Cabin, Display and Storage for Marketing products, and round the clock sales support. MyBranch gives you the opportunity to have local sales and virtual office space in your preferred location in 25+ cities across India.


3. Co-Fynd: CoFynd helps the co-working & co-Living companies in property acquisition across various Indian cities right from searching, sorting and selecting the right real estate to set up the co-working center. Incepted in 2019 by Mr. Atul Gupta, the company aims to disrupt the traditional office leasing approach by enabling a user to discover, evaluate and book flexible workspace. Along with co-working spaces, CoFynd has forayed into private offices as well as co-living spaces. Businesses looking to rent space for a short period of time and having a dedicated space to themselves can explore the option of private offices wherein they get private well-furnished spaces fully equipped with all the necessary amenities. Apart from these, the brand is providing co-living spaces that are flexibly leased out, fully furnished, with all the amenities for comfortable living.
With an amazing user interface and unparalleled user experience, the platform provides an unbiased and unified property listing which creates a value proposition for all the stakeholders incorporated.

4. AltF Coworking: AltF Co-working is a private co-working space provider, which offers corporates, SMEs, and start-ups private office spaces in a co-working environment, with highly flexible policies and customized services. Their aim is to provide premium and good quality spaces at economical pricing so as to remove the hindrance of finding a place to work for entrepreneurs and startups. The two-year-old company right now has a major focus on the tier I cities. Based out of Gurgaon, the company’s first target market was Gurgaon, it expanded in Delhi-NCR.

5. Smartworks: Smartworks offers a holistic experience to member companies by offering cost-effective solutions and technology-driven environment, catering to the changing business dynamics and requirements, whether for an enterprise or an established start-up. Smartworks has a presence in nine locations in both tier I and tier II cities. Launched its first facility in Hyderabad, which is a growing business hub in India. They are also planning to expand in many other cities along with the ones it already has a presence in Delhi-NCR, Mumbai, Bangalore, Chennai, Hyderabad, Pune and Kolkata.

The Growing Popularity Of Virtual Office Spaces Amongst Startups And Small Businesses

With leasing and construction activity coming to a standstill in the first few months of the lockdown, research by Savills India reveals that total leasing declined by almost 60% in H12020 across six major cities to 13mn sq. ft (as compared to the year-ago period).

Individuals and newbies who have opened new businesses during this pandemic and do not require physical office spaces are mostly opting for virtual offices. Mostly because of one of its various benefits I.e., cost-cutting. A virtual office is a small office provided to new entrepreneurs where you get a dedicated receptionist to answer your calls, one can also book boardrooms and meeting rooms if they want with the latest audio-video equipment including high-tech facilities like video conferencing with high-speed internet connectivity. There is also a choice of taking one or all the services as per the client’s requirements. Clients can also take advantage of the provided address to them which can be used on their letterheads and business cards.

With a virtual office, a person can consider business expansion easily and showcase a well-established corporate image on their business documents.

Mr. Kushal Bhargava, Co-founder of MyBranch, the company which is easing Shared, Managed and Virtual Office Space requirements for corporate and startups said, “We at MyBranch have witnessed a 50% hike in the virtual office space requirements after the lockdown restrictions were lifted. These leads were mainly from the service & e-commerce industry. Their requirements also included GST registration for the state. Apart from providing an official address with a GST number, the virtual office spaces also help the growing entrepreneurs with the facility of meeting rooms and inbound-outbound communication management.”

MyBranch is planning to expand to 13 new cities with their entire service range shortly and is expecting an increase in the demand for virtual spaces in those cities as well.

Hiring a virtual office space is quite a cost-effective and convenient option for the E-commerce industry, SMEs or individuals who have started their own businesses.

Success hugs you when you minimize your costs and overhead expenses and focus on increasing your sales. Virtual offices are an excellent choice for startups, entrepreneurs, travelling executives, project-based clients/organisations who want to start a venture in a new location.

Businesses Challenging the Tides by acquiring more of Shared Spaces

Shared office spaces have become quite popular in India in the last 5 years. Its massive growth has disrupted the conventional work environment and helped India to get on a modern track.

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 tier II and tier III cities in India.

There are multiple ways in which this pandemic has changed the way we work. One of the major transformations would be, with more people working remotely companies will plan to open regional hubs or provide access to co-working/shared office spaces wherever their workers are concentrated rather than have the majority of their workforce at one central office.

Few of the popular startups who are helping businesses to smoothly open their new offices or provide shared spaces are listed below.

1.    MyBranch:  Searching for the right office space can cause a lot of stress. In a bid to resolve this conundrum, The company helps you to have local sales and virtual office space in your preferred location in 25+ cities across India. This envisages to provie you Instant Business Presence and Expansion across PAN India with Best-in-Class Offerings – Sales Office Spaces, Managed Services, Virtual Office And Meeting, Conference, Training Rooms. The company incepted in the year 2016 as a business unit within the prestigious Narayan Bhargava Group that has been serving the BFSI sector for over 20 years.

2.   Qdesq: A coworking aggregator Qdesq, founded in November 2015, is a premier destination that offers a tech-enabled platform for the workforce to search and book flexible workspaces. Offering an easy, effective, and brokerage free solution, the company serves as a true marketplace to make an informed choice for workspace seekers. Whether it is co-working spaces, shared workspaces, managed workplaces, virtual offices, or individual offices, Qdesq offers them all.

3.   Flipspaces: Founded in July 2015, Flipspaces is a tech-enabled venture in interior design, products, and projects for commercial spaces. Flipspaces follows a differentiated approach through its tech-suite which creates efficiency and enhances the customer experience in every step of their interior design and build journey. Flipspaces was co-founded by IIT alumni, Kunal Sharma and Ankur Mucchal, both serial entrepreneurs with a history of build, scale, and exit.