Venture X debuts Indian coworking industry

Hyderabad Venture X enters Indian market with launch of their first two premium locations in Gurugram with a cumulative 1200 seats spread across 45,000 and 16,500 sq. ft. space at Sector 67 and 44 respectively. The company further plans to expand in all the major Tier I and Tier II cities and become pan India. It is an affiliated brand of UFG coworking division, CoworksTM which is the largest privately-owned franchisor in the coworking industry having more than 200 locations opened/signed up globally is now.

Anil Lakra, India Partner, Venture X, said: "We are excited to bring the brand Venture X to India, a blend of boutique hotel and modern office styles, with an elevated level of design. This makes it a perfect global address for entrepreneurs and Corporates. Post the pandemic, flexible office spaces are very much in demand and in times to come franchise based models would be the right choice as they are better aligned towards revenue for all stake holders. We have invested around $5 Million in the Indian market and plan to invest $2-3 Million by the year 2023."

Rahul Kapur, India Partner, said: "We are delighted to get into a partnership with the UFG brand Venture X here in India. We have the Master License for the India region. We are excited about this venture and are bullish to expand across India. We have currently opened two locations and would grow to 8-10 across India by end 2023."

Venture X Gurugram offers coworking space options for individuals and companies, including established businesses, entrepreneurs, small and medium- sized enterprises. The company provides creative, innovative, and well-designed office solutions to businesses. In addition to their actual workspace, members have access to community café areas and other amenities, promoting networking and collaboration opportunities within their teams and with other Venture X members. The community space is available for hosting networking events, meetings and conferences.

Venture X intends to expand its team size all across India and has plans to spread its footprint in major metro cities, including Bangalore, Hyderabad, Mumbai, Chandigarh, and Pune in the near future. With multiple vacancies for corporate leasing, procurement, real estate, marketing, and digital, Venture X has plans to recruit professionals PAN India.