SproutBox, a co-working space company, has opened up a co-working space named as SproutBox Suryavilas in Okhla in New Delhi.
SproutBox Suryavilas is built over 15,000 sq. ft. area. with the capacity of 300 seats and planned to be operational 24X7. This is the second co-working space developed by SproutBox in National Capital Region (NCR). The company had launched its first co-working space in DLF Phase I in Gurgaon which has around 80 per cent retention rate.
Founded in May 2015, SproutBox has its plan to scale its business to Jaipur, Chandigarh and Goa in coming months. The company offers one-month agreement to its clients with price range of Rs 3500-15,000 in all these cities.
“We plan to focus majorly on start-ups and freelancers as we believe they are the core target audience of the co-working industry. As for the profitability, it takes around six months for a centre to become self-sustaining and around 3 years to become completely profitable.” says Gagandeep Singh Sapra, Co-Founder, SproutBox.
Source: ET Realty