BHIVE Workspace launches two new centers to expand to 1.2 lakh sq.ft
BHIVE Workspace launches two new centers to expand to 1.2 lakh sq. ft
BHIVE Workspace, one of the leading coworking spaces in the country, recently launched two new centers in HSR Layout, Bengaluru, expanding the space under its operation to over 1.2 lakh sq ft. The new Bengaluru coworking centers have been designed to cater to the needs of start-ups as well as large organizations. These centers offer a combination of cabins, open coworking spaces, meeting rooms, and spaces for hosting events.
One of the new centers is located very close to the HSR Sector 2 club. Situated in a lush green environment next to Sector 2 Park, this office space allows one to unwind in the midst of their tiring schedule. This center follows an innovative asset-light coworking model that has been developed in partnership with landlords. The second center is located close to the Silk Board junction, easily accessible from Outer Ring Road.
“I am very happy to announce that BHIVE has now opened two centers in Bengaluru in our new, asset-light model. Landlords have been lining up to partner with BHIVE Workspace. They are willing to invest to extend the benefits of coworking through their properties,” said Sheshagiri Rao Paplikar, CEO, BHIVE Workspace. “With the opening of its seventh center, BHIVE has further strengthened its position as a leading coworking space in the city,” he added.
Read: BHIVE Workspace Launches two new Centers to Expand the Space Under Its Operation to 1.2 Lakh Sq Ft
BHIVE gave HSR Layout its first coworking space, transforming it into a hub for startups. Soon after, BHIVE launched one more center in HSR Layout coworking space to cater to the increasing demand. In addition to HSR Layout, BHIVE provides coworking spaces in other major tech hubs like Koramangala and Indiranagar.
Being one of the pioneers of coworking spaces in Bengaluru, BHIVE has always had a strong relationship with the landlord community, which has helped them explore this new working model. “An asset-light model is beneficial to both landlords and the coworking space provider. By working together and leveraging our areas of expertise, we are able to maximise our ROI. We have already achieved break-even within the first month of operation. Moreover, associating with BHIVE Workspace, a well-established & popular brand in the coworking industry has helped me gain greater visibility for my property,” added Dinakar Reddy, BHIVE’s landlord and business partner for the new property.
Suggested readings: Why HSR Layout Attracts Startups & Businesses in Bengaluru?
BHIVE has differentiated itself from the competition by focusing on Hospitality, Real estate, Technology & Process, and Community. BHIVE has been particularly focusing on developing its community. For instance, its flagship event, “BHIVE Bash,” was attended by over 700 members who enjoyed a day of adventure sports, networking, parties, and camping. BHIVE also leverages Workplace by Facebook to drive interactions among its members.
BHIVE Workspace has over 1000 members across 300+ companies and startups, including companies such as Neogrowth, OLX, Vogo, and many others. A majority of these companies have been expanding within BHIVE, with some doubling their team sizes and others expanding to 10 times their initial occupancy levels.
BHIVE has been growing rapidly, with a 100% increase in annual revenues within a year. With a surge in demand for BHIVE’s coworking spaces, it plans to double its centers in Bengaluru by the end of this year.
“We’ve been witnessing a steep rise in the demand for our coworking spaces in Bengaluru. In fact, some of our coworking spaces have waitlisted clients. Hence, we’re opening new centers to expand the benefits of working at BHIVE Workspace to more start-ups and companies,” Paplikar said.
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