Awfis plans to add 15,000 seats to its Co-working space by Dec 2017

04 March 2017

Awfis plans to add 15,000 seats to its Co-working space by Dec 2017

  • Economic Times

The company will be opening 550 seats co-working space in Golf Course Road by March while 1 centre each in Mumbai, Navi Mumbai and Hyderabad is expected to open by April.

Co-working space provider Awfis is planning to add nearly 15,000 seats by the end of this year. Currently it has 4500 seats which it plans to double by July end.

“We are aggressively increasing our presence in all the major cities of India. Currently, there are 4-5 sites in Kolkata and Chennai which are under fit-out stage which we plan to open by second quarter this year,” said Amit Ramani, Founder and CEO of the company.

The company will be opening 550 seats co-working space in Golf Course Road, Gurgaon by March while 1 centre each in Mumbai, Navi Mumbai and Hyderabad is expected to open by April. This will be in addition to the existing 18 centers the company currently operates having 4500 seats.

Co-working ecosystem is evolving swiftly and is moving from serving only start-ups to focusing on corporate and small and medium-sized enterprises (SMEs). “A lot of corporate and SMEs are showing interest in working-out of co-working spaces as it helps them in cutting overall costs and at the same time keeps them free from all the hassles of managing office spaces,” says Ramani.

This interest from SMEs and corporate is creating a stable environment for such service providers. Start-ups which initially formed nearly 60-70% of client base of such co-working space providers now form just 20%.

“For us SMEs and corporates are and will be the major focus,” adds Ramani.

(This Awfis coverage appeared on ET Realty.com under the headline “Awfis plans to add 15,000 seats to its Co-working space by Dec 2017” on March 2, 2017. You can read the full story here: http://realty.economictimes.indiatimes.com/news/commercial/awfis-plans-to-add-15000-seats-to-its-co-working-space-by-dec-2017/57415405 )

Standing Desks are the New Productivity & Fitness Mantra

04 December 2018

Standing Desks are the New Productivity & Fitness Mantra

  • Posted by Awfis Editorial

Monday meetings were a bother for HR professional Runu Mehta. Her team of 16 would sit for two hours and discuss what they did over the weekend. Deciding to do something different, she took away the chairs from the meeting room.

“I made these meetings standing-only and found that the meeting time reduced to 30 minutes!” said Mehta, now head of learning and development at music label Shemaroo.

Standing meetings and standing desks have become popular over the past few years, not just because they increase productivity, but especially because of the perceived health benefits. “Sitting is associated with the risk of hip, knee and neck pain as muscles in those areas are in a locked position,” said Dr Balvinder Rana, additional director at the Fortis Bone and Joint Institute in Gurgaon.

Gunasekaran Jayaraman, CEO of ergonomical furniture startup Purpleark, said 20% of his retail customers get standing desks because their doctors suggested it.

“Using a standing desk has helped me focus better and I’m also sleeping better,” said Ayush, a software engineer at an ecommerce company who stands and works for 4-5 hours a day.

A year-long study by Loughborough University and University of Leicester found that people using standing desks reported less anxiety than those who used regular desks. The researchers surveyed 146 officials in the UK’s National Health Services, 77 of whom were given sit-stand desks while the control group of 69 employees had regular desks.

In India, one of the major drivers of this trend is international exposure.

“An executive goes abroad and he sees offices there using standing desks and so he comes back and wants one,” said Jayaraman. He said that sales have gone up almost fourfold month-on-month for the past six months.

In India, multinational companies are driving the trend, according to Jayaraman and office furniture company Steelcase.
Microsoft procured these desks for all its offices in the country after studying how employees used workspaces and what they needed to become more productive, said Marianne Rathje, director of real estate and facilities (Asia Pacific) at the company.

“The idea is to increase collaboration, creativity and productivity and make employees feel like part of a more relaxed, creative enterprise,” said Rathje.

The company’s employees had an orientation programme to introduce them to the benefits of standing workstations. “These are extensively used and employees love the flexibility to use their spaces the way they need to,” she said.

IT Company Infosys has acquired these desks on an experimental basis, said HR head Richard Lobo. Companies that don’t want to disrupt their workplaces can “convert” their regular desks to sit-stand desks. Some companies place a few standing desks on each floor so that employees can occasionally work there.

The popularity of these desks outs ide the corporate environment is still in its nascent stages, although the trend seems to be picking up.

Co-working space Awfis has 50 such desks out of the 25,000 or so it has in total. Awfis CEO Amit Rarnani, who uses a standing desk, procured them after his customers asked for them. This year, he introduced standing-only meeting spaces in his office in Powai. “They’re very popular, especially with the young generation, as meetings are much quicker,” he said.

According to Rarnani. Standing meetings will become the order of the day in four or five years as mobiles replace laptops, making sitting in one place unnecessary.

Still, there is such a thing as too much standing.

“Standing for more than 5-6 hours a day can lead to blood pooling in your legs. This can cause swelling, ankle pain and varicose veins,” said Dr Rana.

That’s why engineer Sumit Chuttani uses a standing desk at his workplace only once in two weeks. “It’s good to stand and work, but only for a few hours. Not the whole day,” he said.

For those with sedentary jobs, the best strategy is to alternate between sitting and standing and doing back-strengthening exercises.

This article was published in The Economic Times on 4th December 2018

Awfis Space raises $20 million more

26 July 2018

Awfis Space raises $20 million more

  • Posted by Awfis Editorial

Awfis Space Solutions, India’s largest home-grown co-working space provider, has raised $20 million in series C funding from its existing investors global venture capital firm Sequoia Capital, The Three Sisters: Institutional Office (TTS:IO) led by Radha Kapoor and Temasek Group company InnoVen Capital.

Prior to this, the company had raised $31 million through two rounds from TTS:IO and founder Amit Ramani.

In its maiden exposure to the company, the California-based Sequoia Capital had invested $20 million in the company last year.

In the latest round, the investors have valued the company at over ?900 crore. The recent investment will fund the company’s next growth phase.

Awfis has now scaled up to 25,000 seats across 55 centres compared to 5,800 desks across 20 centres in July last year. “The goal is to reach 40,000 seats across 90 centres from current 25,000 desks over the next one year. Deeper penetration into existing markets and expansion in new cities with focus on tier-II locations will be our priority,” Amit Ramani, founder of Awfis, told ET.

According to Ramani, they will follow a managed-aggregation model approach to ensure better capital efficiency.
Awfis is a joint venture between Ramani, the founder and managing director of real estate design consulting firm Nelson India, and TTS:IO, a family-run investment firm managed by Yes Bank founder Rana Kapoor’s daughters. Awfis had opened its first facility with 70 seats in Delhi in 2015.

To read the published article visit the below link:
https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/awfis-space-raises-20-million-more/articleshow/65130726.cms

Co-Working Spaces Go Extra Mile to Guide Women Enterpreneurs

13 March 2018

Co-Working Spaces Go Extra Mile to Guide Women Enterpreneurs

  • Posted by Awfis Editorial

The Economic Times - March 13, 2018, Page No 14