Investors appear optimistic about co-working spaces and startups are capitalizing on this trend. ๐ขA growing number are looking to raise funds via VCs , Family Offices or through the IPO route - - Innov8 raised โน110 Cr via a primary funding - Workie raised โน13 Cr from Family Office's and Individual investors - Smartworks filed DRHP with SEBI for โน660 Cr - IndiQube Spaces filed DRHP for โน850 Cr - Incuspaze is looking to raise โน210 Cr Co-working spaces now make up ~22% of the overall office space demand (as per CBRE research) ๐What is fueling this demand? (1). Pay-as-you-go options help cut down on unnecessary expenses (esp. if you're offering hybrid work). (2). Scale or shrink your office as and when needed (3). No maintenance hassles (4). F&B, concierge services โฉHyderabad, Pune, Chennai, and Noida are likely growth hubs as Space-as-a-Service takes off.
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