India’s largest shared workspace provider, Awfis has launched its first co-working space in Chandigarh, Mohali region. The co-working facility is spread across 15,000 square feet and is capable of seating over 300 customers and eyes to expand further in the region in the next 10-12 months.
“Coworking became a global phenomenon in 2010, but it’s only in the past 3 years that the demand for shared workspaces in India has seen unprecedented growth. Tier 2 markets are projected to grow to 8.5 mn seats by 2020 owing to the steady growth of entrepreneurial spirit in these cities, thereby, creating the demand for affordable Grade A coworking spaces,” Amit Ramani, Founder & CEO, Awfis said.
Besides Chandigarh, Awfis also aims to expand to other Tier 2 cities such as Ahmedabad, Jaipur, Kochi, Indore, and Bhubaneshwar and aims to establish 100+ centres with 50,000+ seats across Mumbai, NCR, Bengaluru, Chennai, Hyderabad, Kolkata, Pune and Zirakpur in the next 12 months.
“Tier 2 cities are geared to lead the next wave of economic growth of India in the coming years and are providing a favourable environment for start-ups, SMEs & large corporates to either set up their base or expand their footprints,” Sumit Lakhani, Chief Marketing Officer, Awfis said.
Backed by marquee investors like Sequoia Capital, TTS:IO and InnoVen Capital, Awfis currently has a nationwide network of 55 centres with over 25,000 seats across 9 cities and 45 micro markets.
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This article was also covered in print editions of the below publications:
Aaj Samaj, 24th January 2019
The Pioneer, 24th January 2019
The Tribune, 24th January 2019
Rozana Spokesman, 24th January 2019
Yug Marg, 24th January 2019
Jag Marg, 24th January 2019
Divya Himachal, 24th January 2019
Amar Ujala, 24th January 2019
Aapka Faisla, 24th January 2019
Desh Pyaar, 24th January 2019
Daily Pehredar, 24th January 2019