Ecommerce major Snapdeal is rationalizing its offices and is moving into co-working hubs instead of operating from leased offices in an effort to trim costs. The company has vacated its office with 200-seat capacity in Mumbai’s Malad suburb and picked up a 90-seat office in a co-working hub in Andheri, said three persons familiar with the development. The company has picked up an entire floor in co-working space provider Awfis Space Solution’s hub in Andheri (west) that has a total capacity of 255 seats.
The move is expected to help the Softbank-backed company ease its cost incurred for this specific centre by 10%. “Apart from reduction in cost burden, flexibility to expand and cut space requirement as per business demand has led to the decision to move into a co-working space. Conventional office lease may not support that kind of flexibility,” said one of the persons mentioned above.
Read more: Economic Times
