Oyo has announced its entry into the co-working space business with the launch of Oyo Workspaces in India.
Confirming the addition of Innov8, OyoWorkspaces have also introduced its multi-brand approach with two other coworking brands – Powerstation and Workflo. Where Powerstation will offer functional workspaces for small and medium scale business, while Workflo will be a budget-friendly, functional co-working spaces.
Oyo Workspaces is all set to open its doors to over 21 workspaces, with more than 15,000 seats across ten cities in India. Among these, Innov8 is currently spread across six cities including Delhi, Noida, Gurgaon Bengaluru, Chandigarh and Mumbai, with 16 centres hosting over 6000 employees of brands like Swiggy, Paytm, Pepsi, Nykaa, OLX, Lenskart, amongst others.
Commenting on this news, Rohit Kapoor, chief executive officer, New Real Estate Businesses, Oyo, said, “The workplace as a service space presents an exciting opportunity for Oyo to utilise its existing technology and operational expertise.
“Through a targeted multi-brand strategy, we aim to provide a differentiated experience for co-workers at different price points and help expand access to coworking spaces to more and more businesses and professionals across the country.’’
The introductory price for the co-working start at ₹7,999 and ₹6,999 per seat respectively. Each Oyo Workspace centre will offer key amenities like wifi via leased line internet, ergonomic furniture, breakout zones and unlimited beverages. Apart from these members of the co-working space will also get free reception services with guests, visitor management and parcel, along with daily housekeeping services and access to other Oyo Workspaces centres
Additionally, Innov8, Powerstation and Workflo teams will be organising learning and networking activities and events from time to time to foster productive experience to coworkers.
Oyo Workspaces aims to expand its presence to over 50 centres across India by the end of 2019.