Photos: Left:Mike Gallagher- Executive Vice President, Asia Pacific at VentureX, doing ribbon cutting of new Gurugram facility. Right: Left to right- Rahul Kapur and Anil Lakra, India Partners and Mike Gallagher, EVP APAC VentureX
New Delhi, June 22, 2022: Venture X, an affiliated brand of UFG coworking division, CoworksTM , the largest privately-owned franchiser in the coworking industry has formally entered the India market with premium locations in the national capital region.
The two locations have a cumulative 1200 seats spread across 45,000 and 16,500 sq. ft. space at Sector 67 and 44 respectively of Gurugram ( Gurgaon,). The company plans to expand across India in all the major Tier I and Tier II cities.
Venture X Gurugram offers flexible, premium coworking space options for individuals and companies, including established businesses, entrepreneurs, small and medium- sized enterprises. Catering to the ultra-modern and professional work space-related needs of the consumers, the company provides creative, innovative, and well-designed office solutions to businesses. In addition to their actual workspace, members have access to community café areas and other amenities, promoting networking and collaboration opportunities within their teams and with other Venture X members. The community space is available for hosting networking events, meetings and conferences.
Venture X offers a blend of a boutique hotel and modern office styles featuring a more upscale design level than most spaces that lean less professional and more toward a juvenile, playful aesthetic.
Says Anil Lakra, India Partner, Venture X: “We are excited to bring the brand Venture X to India, a blend of boutique hotel and modern office styles, with an elevated level of design. This makes it a perfect global address for entrepreneurs and corporates. Post the pandemic, flexible office spaces are very much in demand and in times to come franchise based models would be the right choice as they are better aligned towards revenue for all stake holders. We have invested around USD 5 Million in the Indian market and plan to invest USD 2-3 Million by the year 2023.”
Adds Mike Gallagher – Executive Vice President -- Asia Pacific, UFG: “United Franchise Group could not be any more excited to be a part of the launch of Venture X India. We recognise India as a crucial market in the Venture X global footprint. Our Master License partners have the experience and local knowledge to ensure excellent growth throughout India. The Venture X flagship location in Gurugram is one of the largest facilities within our global network. It offers state of the art co- working facilities for its members and represents a great opportunity and a fantastic model of the Venture X franchise in India for franchise investors.”
Venture X intends to expand its team size all across India and has plans to spread its footprint in major metro cities, including Bangalore, Hyderabad, Mumbai, Chandigarh, and Pune in the near future.