The Co-working spaces have been on the rise dominantly in New Delhi/NCR and have largely developed as a culture across the globe. Witnessing the rise, the startups and even corporate are succumbing to the affordable and creative offices that break the monotony and confines of cubicles.
To evangelize the generation of startups and freelancers and upbeat their creative quotient, startup named
myHQ is building a chain of work-friendly spaces. By curating and taking up non peak / excess real estate inventory lying inside beautifully designed cafes/ restaurants/ hotels/ offices, myHQ is establishing a chain of work-friendly yet rent-free workspaces.Given the many advantages that such spaces offer - cost-efficiency, employee motivation and retention, increased productivity, this segment is gradually moving into boom mode across India.
myHQ, founded by two IIT Delhi graduates - Utkarsh Kawatra and Vinayak Agrawal, believes in providing an excellent work experience at a space near you. And in order to achieve the same, myHQ is investing strongly in technology which helps convert these every day coffee spaces into a perfect work station with just a tap of a button on the myHQ App. myHQ’s target audience is an equal split between entrepreneurs/ independent freelancers and mobile corporate professionals.
There is a growing market of independent freelancers, satellite corporate teams, sales teams and upcoming entrepreneurs. To cater to this, work from home is highly unproductive and coworking spaces are limited, not well maintained and expensive. myHQ comes as a great sustainable and convenient solution which allows individuals to book work-friendly spaces on the go and be surrounded by a community of like-minded professionals.
Currently present across 15+ locations in NCR, customers can work out of any of these spaces with a single myHQ pass. Each space is equipped with essentials such as high-speed wifi, discounted F&B plans, free printing and access to all other office basics. Within 7 months of its inception, myHQ is already supporting a 350+ vibrant community of freelancers, entrepreneurs and corporate professionals.
When asked about the startup’s future plans, Utkarsh Kawatra, Co-founder, myHQ, said, “Until now, we had focussed largely on getting the technology right. Right from having a centralised wifi and payment systems to inventory management across our vibrant, new age coworking spaces. Having this in place, it is now possible for us to expand and grow rapidly. We are looking at doubling the number of workspaces in Delhi-NCR in March-April and then expand to other parts of the country over the next three months. The target is to have 100 HQs across the country catering to a vast market of freelancers, working professionals who need space for meeting and startups.”
While talking about the current market situation of co-working spaces, Vinayak Agrawal, Co-founder, myHQ, added, “Over the past few years, an increasing number of professionals have been staying away from office cubicles. With the rise of the gig economy, India currently has the second highest number of freelance professionals (15M) in the world. Both these trends make it essential to have a wide availability of affordable good working spaces in every area. This is what excites us the most about the coworking market. To compliment this vast potential in terms of demand, we also believe there is a huge scope of remodeling existing real estate in cafes, restaurants, hotels, offices and make them work friendly co-working spaces. We believe we can setup a coworking space in each locality at half the price without even leasing the real estate itself.”
