Hyderabad: Co-working space provider Awfis will be launching two new centres in Hyderabad in partnership with Sandhya Hospitality. With a total of 5,500 seat capacity including the two new centres, the shared workspace company has strengthened its Hyderabad footprint by taking up space in Sandhya Techno-Raidurg and Sandhya Trade Center-Hi Tech City.
The company will create a 10,000-seat capacity by the end of calendar year 2019. Backed by marquee investors like Sequoia Capital, TTS:IO and InnoVen Capital, Awfis currently has a nationwide network of 55 centres with 25,000 seats across 9 cities and 45 micro markets.
Hyderabad, the bourgeoning market for startups in India, is gaining momentum in the shared workspace segment and is aiming to build a co-working ecosystem in a more flexible, collaborative and productive manner.
With previously existing centres in Gachibowli, Hitech and Taj Deccan, today Awfis has a total of over 5,000 seat capacity in Hyderabad. Awfis aims to provide not only a business focused workspace but also a value for money set-up with the opportunity to collaborate, share knowledge and business proliferation.
With a strong client base and demand network, Awfis has also taken rights from Sandhya Techno to exclusively market and represent other floors in the building to clients on conventional lease model.
The Awfis team in partnership with Sandhya will be curating unique experiences and engagements for the building tenants by providing state of the art amenities like Gym, Café, Creche. Awfis while managing the complete building ecosystem will transform the experience by bringing alliances, events and community focus to the occupants at Sandhya Techno.
Commenting on the launch Amit Ramani, founder & CEO at Awfis said, “Hyderabad has built a robust environment for businesses to flourish including SME’s Corporates and Start-Ups with exponential pace of growth. The current partnership with Sandhya continues our unique managed aggregation model that creates a win-win for Landlord and Awfis. The customisable new age workspaces with strong technology integration provide complete solution to consumers who can utilize Workplace as a Service. We are extremely buoyant about New India and will continue to strive to be the workspace of choice for Indian businesses.”
Sandhya Hospitality MD Sreedhar Rao said, “Today the commercial real estate market dynamics are changing with the demand for flexible workspaces and we hope this collaboration will expand and strengthen our commercial portfolio in Hyderabad.”
Awfis plans to establish over 100 centres with 40,000 seats across Mumbai, NCR, Bengaluru, Chennai, Hyderabad, Kolkata, and Pune in the next 12 months. Currently companies such as Vodafone, Hinduja Group, Reliance, Mercedes Benz, RBI, Hitachi, ShareKhan, Zomato, Practo etc. operate from various Awfis centres. While SME sector is severely underserved, they actually form 50 per cent of Awfis clients, while 30-35 per cent are corporates.
Understanding the market potential, Awfis plans to expand its base in Tier II markets like Chandigarh, Ahmedabad, Jaipur, Kochi, Indore etc. in the next 12 months.