Real Estate

GoFloaters to step up presence in 10 more cities by year end

V Rishi Kumar Hyderabad | Updated on April 30, 2019 Published on April 30, 2019

GoFloaters, flexi co-working spaces provider, is on expansion mode and plans to increase its presence to 10 cities up from four cities now by the year end.

The start up based in Chennai, with operations in Chennai, Bengaluru and Coimbatore, has formally launched its operations with 30 centres in Hyderabad. Typically a centre has about 10 to 50-60 seats on an average. “From about 1200 seats across these four cities, we plan to take this up to 5000 seats across 10 cities, thereby covering metros and some tier II cities by the year end,” Shyam Sundar Nagarajan, Founder and CEO of GoFloaters and Srivatsan Padmanabhan, Co-Founder and COO, said.

Interacting with BusinessLine at one of their facilities in Hyderabad, the founders said that the company founded in December 2017 has grown to a 1200 seats, bringing about a difference in the way solopreneurs, freelancers, various other professionals could work in a flexible work environment.

“We have made our facilities affordable with people getting a workspace for as low as Rs 25 per hour. Significantly, our facilities have also enabled professionals across various business areas including doctors, consultants, freelancers to work in a flexible work environment,” Nagarajan said.

“The new age workforce is different in the way they work. They are keen to work where there is flexibility in terms of the number of hours they work and also place from where they operate. They do not want to get bogged down or tied up to one work place. It is this idea which has helped us grow GoFloaters from scratch in 2017 to 1200 seats. We are now looking at taking this up to 5000 seats by the year end, across 10 cities,” Padmanabhan said.

“Apart from providing these spaces, we are also setting up exclusive work spaces for women — the women hub. First such facility has already been set up. We plan to have similar facilities in other centres,” they said. Referring to funding, Nagarajan said “all through it has been funded through our own resources. However, for the next phase of growth into new cities we are engaged in talks with some potential investors.”

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Published on April 30, 2019
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