With startups looking at affordable work spaces and central government creating an enabling environment for entrepreneurship, demand for co-working spaces has gone up. For a tech startup, cost of setting up an office in Mumbai, Delhi and Bengaluru range from $25,359 to $30,081 per annum, while operating out of co-working space would help these startups save anywhere between 72 per cent and 76 per cent, showed a report. Startup data tracking firm, Tracxn said there are 61 co-working spaces in India, of which 16 were set up in 2016. Recently, New York-based office rental startup WeWork, valued at $10 billion, said it plans to enter India by setting up its first office in Bengaluru. Another commercial builder, RMZ Group has also opened its community workspace venture CoWrks recently.
