Co-working space iKeva expands; sets shop in Gurgaon, Mumbai

HYDERABAD:  Monika Misra’s, hyper-local co-workspaces and flexible leases startup, iKeva has initiated its expansion plans with the launch of its two new centers at Mumbai and Gurugram. iKeva’s Gurugram space is a 175-seater co-working space in Sector 44 and the other one in Mumbai with 165 seating space.

The new centers follow Hyderabad, Bengaluru and Chennai centers. iKeva started its operations in 2013 at Banjara Hills, Hyderabad and grew its footprint to 1200 seats and over 70000 sq ft. The company now boasts of 6 centers across 5 cities and over 4000 members.

Announcing the addition of 2 new centers, Monika Misra, Founder and General Manager, iKeva, is upbeat about the sector and believes co-workspaces are the future of work culture. Misra bullish on the co-workspace, says, “iKeva business model continues to see rapid adoption nationwide, as a place where startups get to learn about business and scaling-up from fortune 500 companies, on the other side fortune companies gain an opportunity to learn about innovation and agility from startups. iKeva plans to grow to 50-80 centers in next 3-4 years.”

Misra reveals that the Gurgaon co-working space has already signed up large enterprises, freelancers, start-ups and SMEs like Directi Group Company’s Zeta, Applify, The Workforce Consulting Group as its members.

Besides highly functional private offices, iKeva attracts its members with dedicated desks, shared work spaces, meeting rooms, breakout rooms, networking spaces and other facilities. iKeva member benefits include an array of discounts and tools which benefit companies and individuals. It also offers to its members a curated list of service providers like CAs, lawyers, recruiters, HR consultants, UI designers, Software developers and more.

As for the profitability, Misra says, “All the iKeva centers run close to full capacity and we have been profitable. The key reason for our success is largely due to flexibility, followed by strategic location, what we have focused from the word start is to be scalable as we host a strong mix of corporates, startups, and freelancers in our spaces.”

Launched in 2013, iKeva earlier raised funding from Investors including Sateesh Andra, Dr Ramesh Byrapaneni, Dr Srikanth Sundararajan and Madhu Avalur, among others.