Hotline: 1800 102 2007
X
Search Business Opportunities
Aug, 17 2019

Bengaluru-based CoWrks buys The UnCube to expand to over 20K locations

After the acquisition, CoWrks will rename the combined entity to CoWrks Go.

CoWrks, the Bengaluru-headquartered co-working space provider, has acquired Gurugram-headquartered The UnCube, which offers on-demand workspace solutions, for an undisclosed amount.

After the acquisition, CoWrks will rename the combined entity to CoWrks Go. Under the new brand CoWrks Go, the firm is looking to expand to more than 20,000 locations.

CoWrks was founded by Sidharth Menda in 2016. Currently, the company has operational 25 operational centres and 25,000 members spread across two million sqft area. The co-working operator is present in Bengaluru, Mumbai, New Delhi, Hyderabad, and Chennai.

CoWrks is planning to bolster its presence with the introduction of 11 additional centres across India. Besides the Tier 1 market, the firm will unleash its offerings in Tier 2 as well as looking at expanding overseas.

Abhishek Goenka, CEO of CoWrks, said, “We realised that the business complements our current offerings and we understand the importance that it holds for enterprises. Organisations seek the flexibility of operations and we are in a space now to extend the opportunity to enterprises to be productive anywhere, even when in transit.”

Founded by Sakshi Khannain 2017, The UnCube offers co-working space for professionals in transit by partnering with restaurants and cafes. The company has 2,500 members working across 200 locations in seven cities like Delhi, Mumbai, Bengaluru, Hyderabad, Pune, Indore, and Chandigarh.

Sakshi Khanna, Founder, The UnCube, stated, “We believe that our mutual synergies of the business will truly provide holistic and differentiated solutions in the market.”

Comment
image
Related opportunities
  • About Us: Academy of Digital Arts is a privately held Company..
    Locations looking for expansion Maharashtra
    Establishment year 2009
    Franchising Launch Date 2015
    Investment size Rs. 5lac - 10lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Borivali west Maharashtra
  • Quick Service Restaurants
    About Us: CHILL BABY is a 100% vegetarian fast food chain,..
    Locations looking for expansion Madhya pradesh
    Establishment year 2014
    Franchising Launch Date 2019
    Investment size Rs. 10lac - 20lac
    Space required 150
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Indore Madhya pradesh
  • Guest House / Service Apartments
    About Us: India’s fastest growing network for students Co-Living Housing. Placio is..
    Locations looking for expansion Delhi
    Establishment year 2016
    Franchising Launch Date 2019
    Investment size Rs. 50lac - 1 Cr.
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Education Supplies
    About Us: E SCHOOL is an IELTS education institute, providing coaching..
    Locations looking for expansion PUNJAB
    Establishment year 2008
    Franchising Launch Date 2018
    Investment size Rs. 50lac - 1 Cr.
    Space required 3500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater BATHINDA PUNJAB
Insta-Subscribe to
Entrepreneur
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities