With over 1200 new tech startups in 2018, India has firmly cemented its title as the third largest tech startup community in the world.
With such a huge and young population, India-relevant business models are able to scale relatively quickly thanks to a fast-growing digital infrastructure and increased spending power.
Indian-based companies have been able to look at business models from other countries such as Amazon, Uber, and Alipay and grow their own Indian-based versions to cater to their market. Several unicorn businesses which have no equivalents in other large markets have seen huge success, with some now valued at $1 billion
The fast growth of unicorn businesses means that is becoming increasingly more difficult for businesses from other large markets to enter and make an impact, and the number of unicorn companies is set to increase.
And it’s not just the unicorns that are doing well. Smaller startups that have a unique idea are able to thrive on an increase in funding from angel investors, who see that investing in Indian startups is the right thing to do thanks to the positive growth scales from other companies in the past few years. With so many innovative ideas and support, startup India has a promising story.
As the number of tech startups grows in India, so is the amount of coworking spaces across the country. At the time of writing, over 600 exist, with many found in larger cities such as Delhi, Bengaluru, and Mumbai.
Tech startups in India and all around the world are finding that coworking spaces offer real value as opposed to a traditional office space. The environment that a coworking space offers contributes to their success since there is a need for flexibility and continual innovation to stay ahead.
Many coworking spaces are open 24/7 or at least have extended hours so you can pick and choose when you want to work. There’s no stress of having to sign in at a particular time, and you can come and go as you please.
The cost savings that you can achieve by opting to use a coworking space rather than leasing your own office space can be substantial. Leasing your own space involves signing a lease which could be a year, 5 years, or longer, so you are committed to paying whether or not your startup does well. Plus, you also have to factor in costs like furniture, electricity bills, maintenance, and cleaning, which are all taken care of for you in a coworking space.
Working from a coworking space brings many opportunities to network and collaborate with other tech startups. Bouncing ideas around with like-minded individuals can lead to successful progress within your own business, and you can take advantage of the many talks and workshops that the coworking space organizes. You may also have the opportunity to spot new talent or find freelancers that can help you get a project off the ground or get involved in social responsibility ventures.
Coworking spaces usually offer more than a set of desks and offices. With comfortable breakout spaces, chillout areas, and frequent leisure activities, the workspace feels less like a restrictive office and more like an office of the future where creativity can blossom.
Garage Society is proud of our newest coworking space, located in DLF Cyber City in Delhi. We’d love to invite you in for a tour of our Gurgaon site or any other of our coworking spaces across Asia. Contact us today to find out more about how your tech startup can benefit from utilizing a coworking space while you scale your business.
Hong Kong has become a powerhouse for startups with a mission, fostering innovation that tackles urgent social and environmental issues. This vibrant city offers a unique ecosystem supporting entrepreneurs in building impactful businesses while providing access to vital government resources and funding.
With over a decade in Hong Kong's bustling coworking scene, I've witnessed firsthand the remarkable rise of shared office spaces in the city.
These dynamic spaces have revolutionised the way we work, offering a perfect blend of flexibility, community, and professional amenities.
According to a recent study by Coworking Resources, the number of coworking spaces worldwide is projected to reach a staggering 41,975 this year, marking a significant 42% increase from 2019 to 2024.
The appeal of coworking spaces is undeniable. They provide a cost-effective alternative to traditional offices, foster networking opportunities, and offer a vibrant atmosphere that can spark creativity and innovation.
However, with the myriad of distractions and the constant buzz of activity, maintaining productivity in these shared environments can be challenging.
So whether you're a freelancer, a remote worker, or part of a growing startup, these tips and tricks will help you harness the full potential of your coworking experience while keeping your productivity at its peak.
Join us as we uncover the hidden gems and popular dining hotspots around Garage Society Sai Ying Pun. Whether you're a local in search of new lunchtime favorites or a visitor craving a taste of the vibrant dining scene, this guide is your ticket to culinary delight.
From quick bites to leisurely lunches, Sai Ying Pun has it all, and we're here to guide you through the flavors that await. Get ready to recharge and refuel at the lunch spots that call Sai Ying Pun home