Connected to India

Serving Indians Abroad

subscribe

For news, views, interviews.

Business-Bollywood-Features-News-Fun-Stuff

India-based flexi workspace startup Simpliwork plans to enter Singapore, HK

Flexi workspace startup Simpliwork Offices Pvt Ltd, founded in Bengaluru, India, announced plans to expand its operations in overseas markets such as Singapore and Hong Kong, and ramp up its presence in other key cities across India. Their announcement came on the back of demand for flexible workspaces even as the second COVID wave has slowed down demand for some operators.

Simpliwork is currently present in Bengaluru, Hyderabad, Pune, Mumbai and Delhi-Gurugram.
Simpliwork is currently present in Bengaluru, Hyderabad, Pune, Mumbai and Delhi-Gurugram. Photo courtesy: Simpliwork

In India, the firm, which is backed by real estate developer Salarpuria Sattva, will continue to focus on the metros, from where around 80% of the demand is generated.

The scale of expansion footprint in overseas markets would be very different compared to India, Simpliwork Founder and CEO Kunal Walia said. The equivalent of a 200,000 sq ft space take-up in India is about 20,000 - 25,000 sq ft in Singapore or Hong Kong. 

“We might cater to 6,000 seats as a norm in India. In Singapore, the equivalent would be a 100-seat set-up, in terms of the demand. Our preferred model would be to partner with someone to take the brand overseas. Whether we partner with a developer or a large financial institution, they should have a strong local presence. For our international expansion, we will be looking for a similar partner, who can come in with a significant amount of local expertise and local relationships," he added.

Simpliwork Founder and CEO Kunal Walia
Kunal Walia, Simpliwork Founder and CEO. Photo courtesy: Linkedin

Simpliwork is currently present in Bengaluru, Hyderabad, Pune, Mumbai and Delhi-Gurugram. It is in advanced discussions to have centres in Noida and Chennai later this year.

For most flexible workspace firms, physically occupancy has been at 10-15% or below over the past year. With the vaccine rollout, it was expected that companies may slowly bring back employees by June-July. 

Author
CtoI News Desk
CtoI News Desk – CtoI

Singapore-headquartered online media company targeting Indians Diaspora across Singapore, US, UK and UAE. Connected to India covers developments around NRIs. Cover arts, political, sports, finance, entrepreneurship, business, movies, dramas, entertainment and other stories for and about Indians living abroad.

Comments