Coworking space firm Awfis enters Hyderabad with new office in Banjara Hills

10 March 2017

Coworking space firm Awfis enters Hyderabad with new office in Banjara Hills

  • Economic Times

The new pro-working centre which houses 167 workstations, 1 meeting room and 2 meeting lounges is located at a prime business district in Banjara Hills.

India’s largest co-working space firm AWFIS Space Solutions has entered Hyderabad with their newest centre at Taj Deccan.

The new pro-working centre which houses 167 workstations, 1 meeting room and 2 meeting lounges is located at a prime business district in Banjara Hills. The new AWFIS centre provides premium cabins, fixed desks, meeting rooms to SMEs, startups, solopreneurs and corporates.

Sumit Lakhani, Marketing Head, AWFIS Space Solutions further added, “India is witnessing a revolution in start-up and entrepreneurial culture, triggering a rise in the mobile working population. Over the years there has been a steady rise in demand for affordableco-working spaces among an eclectic community comprising startups, freelancers, SMEs and large corporates looking for a single workstation or hundreds, for a day or for years. With the launch of the new Pro-working Centre at TAJ Deccan, AWFIS will set a new benchmark of converting underutilized spaces in premium properties for the benefit of the startup community looking for affordable yet premium addresses for setting up office.”

AWFIS@Banjara Hills will offer flexi work stations starting at Rs 350 per day, fixed seats at Rs 750 per day, private cabins starting at Rs 13000 per month and meeting rooms at Rs 600 per hour.

Amit Ramani, Founder & CEO, AWFIS said, “This is our latest addition to the expansion plan in the south and we are delighted to have partnered withleading hospitality brand TAJ GVK. The property will cater to the growing startups in the city as well as to the surging demand for flexible, just-in-time office spaces.”

Representing Taj GVK Hotels & Resorts Ltd, Mohan Chandran – Director Operations and GM – Taj Krishna said, “We are very excited at this partnership with AWFIS – more and more we note requests for such office spaces – flexible enough to accommodate one person or a small team, for a few weeks or a few months and AWFIS has a model that is cost-effective to the user!”

TAJ Deccan is situated in Hyderabad’s prime location, Banjara Hills, offeringa welcome respite for both leisure and business travellers alike. Spread over 6 acres of landscaped gardens, it is conveniently located 35-40 minutes away from the International Airport and 5 km from the railway station. With the best-in-class features and high-end services, TAJ Deccan is the essence of class and sophistication.

Awfis is currently the largest player in co-working spaces in South-Asia and the second largest player in India when compared specifically with business centres. Awfis has created proprietary Grade-A, highly energetic and inspirational community work spaces across Mumbai, Delhi, Bangalore, Hyderabad and Pune and operates 20 Pro-Working centres currently.

(This Awfis coverage appeared on ET Realty.com under the headline “Coworking space firm Awfis enters Hyderabad with new office in Banjara Hills” on March 10, 2017. You can read the full story here http://realty.economictimes.indiatimes.com/news/commercial/coworking-space-firm-awfis-enters-hyderabad-with-new-office-in-banjara-hills/57557526 )

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