Even as New York-based WeWork, the world’s top co-working startup by valuation, starts building a core team to enter the National Capital Region, another shared workspace provider GoWork has launched what it calls the world’s largest “co-working ecosystem” in Gurgaon.
Launched by Nimit Mahajan of Nimitaya Group, GoWork has two campuses located 100 metres apart, spread over 4.5 lakh sq ft and 3.5 lakh sq ft, respectively. The co-working spaces, claimed to have built for Rs 800 crore, can house about 12,000 people.
Nimitaya Group has interests in real estate, hospitality, and the food and beverages segment.
The facility offers amenities such as meditation and ‘frustration zones’, gym, spa, and gaming arcade. It also plans to equip the campuses with crèches.
“Our prime focus is to support business profitability for our clients and while we have a focus segment catering to start-ups, entrepreneurs and majorly SMEs, our spaces are adaptive to the needs of businesses operating at any scale and across domains,” Sudeep Singh, chief evangelist at GoWork, said.
Cox & Kings, Lifelong, Impactify, Flying Fur, WIP and Fixxoo are some of its existing clients.
GoWork plans to expand to other cities such as Bangalore and New Delhi by next year.
WeWork entered India with a 2,200-seater community workspace christened ‘WeWork Galaxy’ at Residency Road in Bangalore. It has partnered with Embassy Group to run its operations in India.
It unveiled its second space in India at Bandra Kurla Complex (BKC) in Mumbai.
Founded in 2010 by Adam Neumann and Miguel McKelvey, WeWork is valued at over $17 billion, making it the eighth most-valued startup in the world, according to rankings by The Wall Street Journal.
WeWork claims that it establishes itself in 10 to 15 locations per month. Currently, it is present in 149 locations spread across 15 countries, including the US, Israel, the UK, the Netherlands, Canada, Germany, Mexico, China, South Korea, Australia, France and Brazil.
The concept of co-working seems to be thriving in India, and the launch of GoWork and aggressive expansion of WeWork will see the market hot up. Other co-working spaces operating in India include Awfis, Innov8, 91Springboard, BHIVE, Numa, CoLife, InstaOffice and myHQ.
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