91Springboard is expanding its office space portfolio by 500,000 sq ft in FY26, targeting metro and Tier I cities. The company expects 25-30% revenue growth in FY25 and is exploring new investments. With rising demand for flexible workspaces, it focuses on managed offices, hybrid models, and workspace customization.
India’s leading coworking space provider, 91Springboard, is set to expand its portfolio by adding 500,000 square feet of flexible office space in FY26. This move aligns with the company’s focus on metro and Tier I cities, where demand for coworking and managed office solutions continues to surge.
“Our growth comes from focusing on the right markets, especially metro cities where the need for coworking spaces, managed offices, and flexible workspace solutions is high,” said Anshu Sarin, CEO of 91Springboard. She emphasized the company’s cluster strategy, which allows businesses to relocate, expand, or downsize seamlessly within its network. “This approach ensures our members find the right workspace as their needs evolve while also enabling us to streamline operations efficiently.”
The company expects a 25-30% revenue boost in FY25, fueled by its expansion and operational efficiencies. Having achieved profitability since FY24, 91Springboard is now exploring growth capital opportunities. The company, which has recently raised $45 million in funding, is targeting investors aligned with its long-term vision.
The flexible workspace sector is evolving into a key commercial real estate segment, with enterprises increasingly opting for managed office solutions. “Enterprises are increasingly seeking managed office solutions alongside coworking spaces. This trend is paving the way for stable, long-term partnerships that drive mutual growth,” Sarin noted.
A key focus area for 91Springboard is the ‘hotelisation’ of workspaces, offering custom solutions like rotational seating and flexible office designs. As hybrid work models become the norm, the company sees significant potential in private offices, shared desks, and event spaces. “We see enterprises transitioning from traditional coworking setups to privately managed offices, reflecting the adaptability of coworking models,” Sarin said.
Founded in 2012, 91Springboard operates in eight major Indian cities, including Bengaluru, Mumbai, New Delhi, Hyderabad, Gurugram, Noida, Pune, and Goa. Competing with players like WeWork India, Awfis, Innov8, and IndiQube, the company aims to strengthen its market presence amid the growing demand for flexible workspaces.
With the coworking sector projected to grow from $2.08 billion in 2025 to $2.91 billion by 2030 at a CAGR of 7%, according to Mordor Intelligence, 91Springboard is well-positioned to capitalize on this momentum. “The ‘workspace-as-a-service’ model, with tailored solutions, flexible leases, and premium amenities, is shaping business models and fueling industry growth,” Sarin concluded.
