Everyone is aware of the Ola-Uber battle. We have also seen the silent Indian Ecommerce companies vs Amazon war. According to latest events, it looks like India’s Coworking domain is also attracting a global unicorn. Yes, Wework entering India very soon. Before we know, we will witness WeWork centres in our neighbourhoods. What will be the fate of Indian Coworking companies then? While Indian coworking companies are confident about their future, but some Startup community leaders are not that sure.
When and What exactly happened?
One such incident happened with BHIVE Coworking founder, Shesh Rao Paplikar. He was attending the Startup India event held by PM Narendra Modi in Delhi during the year 2015. He met the chairman of NASSCOM during the event who in turn had recently met Adam Neumann, the co-founder of WeWork. The gentleman started speaking about Wework’s plans of investing hundreds of millions of dollars in its India business. He also highlighted the fact that Wework will take up millions of square feet of space in India and that no other Indian Coworking player would be able to become as big as them. It was also clearly stated by him that WeWork will burn the business of every other Coworking startup in India.
He said that WeWork is going to fry you guys alive.
What does WeWork entering India really imply for existing Indian Coworking Companies?
With the startup industry showing signs of skepticism about the future, Coworking founders are still positive about the development. We got in touch with Shesh Rao Paplikar from BHIVE and here is his point of view on the subject:
Question: Do you think WeWork is going to be a strong competition when it enters the Indian market?
Shesh Rao Paplikar: We believe that more companies entering the Indian co-working domain is actually a great news for the industry. Co-working is disrupting the existing billion square feet of office space market. This will drive up the demand, which is a win-win for all players.
We believe that more companies entering the Indian co-working domain is actually a great news for the industry. This will drive up the demand, which is a win-win for all players.
– Shesh Rao Paplikar,
CEO – BHIVE Coworking
Question: How will the Indian Coworking market be affected with international players like We Work entering the country?
Question: Do you see any scope for consolidation in the market in the future?
Question: What is the general reaction within your team about standing against heavily funded WeWork?
Note: The incident stated above was adapted from Shesh Rao Paplikar, CEO of BHIVE’s Linkedin Post here. All the views and opinions written about in this post are Mr. Paplikar’s and do not belong to anyone working in Coworking India Magazine.