Amazon Expands in Bengaluru with 1.1 Million Sq Ft New Office Space
- Industry News
- June 20, 2024
Pratyush Pandey has resigned as CEO of Upflex India, a leading coworking marketplace. Upflex entered India in 2021 through a partnership with Anarock, expanding across multiple cities. Pandey, who played a key role in this expansion, confirmed his resignation but did not disclose his plans.
READ MOREIndia’s coworking sector experienced record growth in 2024, with operators renting 2.24 lakh seats across eight major cities, driven by corporate demand for managed offices. Bengaluru led, followed by Pune and Delhi-NCR. As enterprises embrace a ‘Core+Flex’ strategy, flexible workspaces are poised for further expansion.
READ MOREAlt.f coworking, a Gurgaon-based flexible office space provider, took centre stage on Shark Tank India Season 4, Episode 23, showcasing its innovative approach to coworking solutions. The company, founded by Sarthak Chhabra and Yogesh Arora, aims to bridge the gap for micro-businesses, startups, and entrepreneurs seeking affordable, stylish, and adaptable office spaces.
READ MOREInnov8, OYO’s flex space startup, raised ₹110 crore from investors like Mankind Pharma and Gauri Khan at a ₹1,000 crore valuation. The funds will fuel expansion, targeting 100 centres by 2025. With 90% occupancy and substantial profits, Innov8 is set to capitalise on India’s booming ₹9 billion flex workspace market.
READ MOREThe coworking sector anticipates Union Budget 2025 reforms to fuel expansion, including lower GST rates, input tax credit adjustments, and reduced stamp duties. Key demands include institutional finance access, infrastructure development, and startup tax incentives. These measures could accelerate growth, enhance affordability, and reshape India’s modern workspaces.
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