Sanil gupta had a dream like many of his classmate to starting something as his own ,after working in various companies for around four years ,when he sat out to realise his own dream in 2016 ,he faced a problem That he had not planned for the people give example of apple and amazon and says starting place does not matter ,but for me working from home was not an option ,who now working with three member team from the proworking of awfis at gollf course in gurugram .for entrepreneur like gupta for growth of companies provides co-working space awis help them to relise their dream to working on renting a commercial place key location in top cities in india usually does not fit in the budget these co-working ares provides healthy cuture for the collobration of young companies.
Available time
08:00 AM - 08:00 PM
Available days
S M T W T F S
Rs.500
Available time
08:00 AM - 08:00 PM
Available days
S M T W T F S
Rs.500
Available time
08:00 AM - 08:00 PM
Available days
S M T W T F S
Rs.13,000
Founded by Amit Ramani in 2015, Awfis, recently raised $20 million in Series C funding from investors Sequoia India, InnoVen Capital and The Three Sisters: Institutional Office. The company says the investment will be used to expand its centres, launch new products and enhance existing technology platforms. In the past three years, the company claims to have leased 55 centres with over 25,000 seats in nine cities.
According to Ashish Sharma, CEO of InnoVen Capital, Awfis has built a competitive advantage over others through a differential supply side acquisition model.
Opportunity
Given several advantages of a shared workplace over a traditional office, the sector will likely witness robust growth in the coming years.
The shared-office industry, which started with start-ups as its primary focus, is witnessing a positive change with many large companies and SMEs eyeing co-working spaces to set up their work centres.
A recent study by real estate consulting firm Jones Lang LaSalle estimates that 13 million people in India will be working out from shared offices by 2020, and the industry will attract investments of up to $400 million by the end of this year.
Property consultant CBRE also sees a bright future for the sector in India. In a report released in 2017, the firm had stated that the co-working office space segment in India is expected spread over 10 million sq ft by 2020, with 2017 alone witnessing an absorption of nearly 1.5 million sq ft.
Revenue model
Awfis says it is making some profit for the past six months. It expects to achieve company-level profitability in September.
Apart from rentals that form the major chunk of revenue, the start-up generates a significant amount through a range of mobility products.
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