“With an estimated 15 million freelancers operating within the country, India is second only to the United States in regards to the amount of active independent workers worldwide, making it the perfect environment for a new co-working industry to blossom.” Meghna Agarwal, Cofounder – IndiQube
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| Meghna Agarwal, Cofounder- IndiQube |
ST:
Please tell us more about your start-up.
Please tell us more about your start-up.
Meghna
Agarwal: IndiQube, is in the business of providing
productivity ready workspaces for Start- ups , SMEs and ODCs. We at Indiqube create
a right business environment for companies to thrive by providing space to grow
with key drivers like scalability and flexibility. As part of the value
proposition, IndiQube designs and delivers enclosed office spaces, builds and
manages common amenities such as cafeteria, gym, reception desk and provides
complete office services like maintenance, security, housekeeping, power
back-up etc. Our Ecosystem of growth lets you concentrate on things that matter
to yours business, by providing well-crafted and professionally managed space
infrastructure, Employee Facilities and Partnered spaces.
Agarwal: IndiQube, is in the business of providing
productivity ready workspaces for Start- ups , SMEs and ODCs. We at Indiqube create
a right business environment for companies to thrive by providing space to grow
with key drivers like scalability and flexibility. As part of the value
proposition, IndiQube designs and delivers enclosed office spaces, builds and
manages common amenities such as cafeteria, gym, reception desk and provides
complete office services like maintenance, security, housekeeping, power
back-up etc. Our Ecosystem of growth lets you concentrate on things that matter
to yours business, by providing well-crafted and professionally managed space
infrastructure, Employee Facilities and Partnered spaces.
We have developed about 500,000 sq. ft
of office space across talent hotbeds in Bangalore and have over 80 clients
like Bluestone, FreshMenu, LendingKart, Cloudnine and Micromax.
of office space across talent hotbeds in Bangalore and have over 80 clients
like Bluestone, FreshMenu, LendingKart, Cloudnine and Micromax.
We believe that technology driven
workspaces is the future of workspace industry which enables the people to
collaborate and grow.
workspaces is the future of workspace industry which enables the people to
collaborate and grow.
ST:
What was your idea/inspiration behind starting up a new venture in the
co-working space market?
What was your idea/inspiration behind starting up a new venture in the
co-working space market?
Meghna
Agarwal: During my
journeys as an entrepreneur, I realised starting your own venture is the most
courageous thing to do. Initial years of starting, entrepreneur feel the need
to connect, collaborate, grow and focus on core work while growing his
business. IndiQube was started keeping the Grow and Network ethos in mind.
Finding a platform where all your organization space needs are taken care of
while you focus on your company was a biggest challenge.
Agarwal: During my
journeys as an entrepreneur, I realised starting your own venture is the most
courageous thing to do. Initial years of starting, entrepreneur feel the need
to connect, collaborate, grow and focus on core work while growing his
business. IndiQube was started keeping the Grow and Network ethos in mind.
Finding a platform where all your organization space needs are taken care of
while you focus on your company was a biggest challenge.
Start-ups / SMEs ends up either in
some residential apartment / some old commercial building or standalone
buildings due to availability of limited funds. These available spaces come with
rigidity / no corporate branding / no corporate ambience with lack of spaces to
collaborate and network. IndiQube is a means to office space and not an end in
itself. While providing technology platform to collaborate and grow, we provide
customised interiors office spaces with all value-added services to help
companies to focus on their core work.
some residential apartment / some old commercial building or standalone
buildings due to availability of limited funds. These available spaces come with
rigidity / no corporate branding / no corporate ambience with lack of spaces to
collaborate and network. IndiQube is a means to office space and not an end in
itself. While providing technology platform to collaborate and grow, we provide
customised interiors office spaces with all value-added services to help
companies to focus on their core work.
ST:
What are business opportunities in co-working space market in India?
What are business opportunities in co-working space market in India?
Meghna
Agarwal: Bangalore is
a startup capital of India and we believe that it is the future of how our
nation will grow.
Agarwal: Bangalore is
a startup capital of India and we believe that it is the future of how our
nation will grow.
With an estimated 15 million
freelancers operating within the country, India is second only to the United
States in regards to the amount of active independent workers worldwide, making
it the perfect environment for a new co-working industry to blossom.
freelancers operating within the country, India is second only to the United
States in regards to the amount of active independent workers worldwide, making
it the perfect environment for a new co-working industry to blossom.
While co-working was initially adopted
by freelancers and small teams (not bigger than 2-5 members). The trends are
changing, co-working is the future, and big teams in big businesses want a
piece of it.
by freelancers and small teams (not bigger than 2-5 members). The trends are
changing, co-working is the future, and big teams in big businesses want a
piece of it.
Corporate employees are swapping suits
for jeans and occupying desks at co-working spaces. In tandem, co-working
chains have emerged, offering slick operations.
for jeans and occupying desks at co-working spaces. In tandem, co-working
chains have emerged, offering slick operations.
ST:
How has been your entrepreneurship so far?
How has been your entrepreneurship so far?
Meghna
Agarwal: Our journey
has been incredible so far. in a span of 24 months IndiQube has over 11
IndiQube communes in different stages of development, more then 80+ companies
& over 3500 employees working out of our Indiqube Offices.
Agarwal: Our journey
has been incredible so far. in a span of 24 months IndiQube has over 11
IndiQube communes in different stages of development, more then 80+ companies
& over 3500 employees working out of our Indiqube Offices.
ST:
What challenges do you face in your day to day professional life, if any?
What challenges do you face in your day to day professional life, if any?
Meghna
Agarwal: People.
Finding the right kind of people who are equally passionate about the vision of
Indiqube and believe in future is extremely daunting task.
Agarwal: People.
Finding the right kind of people who are equally passionate about the vision of
Indiqube and believe in future is extremely daunting task.
ST:
How big is your team? Are you planning to hire more?
How big is your team? Are you planning to hire more?
Meghna
Agarwal: Currently
our team strength is 50, We are looking to build it close to 100 by March 2018.
We believe that Team and culture is very important while building an
organization
Agarwal: Currently
our team strength is 50, We are looking to build it close to 100 by March 2018.
We believe that Team and culture is very important while building an
organization
ST:
What are your future plans?
What are your future plans?
Meghna
Agarwal: Our
expansion is and will be multi-dimensional. Steps been taken to increase our
foot prints in Bangalore and other tier I and tier II cities. Also we would be
introducing varied products to fit in each and every organization space needs
helping them to become leaner and more efficient.
Agarwal: Our
expansion is and will be multi-dimensional. Steps been taken to increase our
foot prints in Bangalore and other tier I and tier II cities. Also we would be
introducing varied products to fit in each and every organization space needs
helping them to become leaner and more efficient.
We soon plan to enter in Mumbai,
Hyderabad, Chennai, Pune and Delhi.
Hyderabad, Chennai, Pune and Delhi.
Interviewed by Startup Terminal Bureau
