91springboard launches 1,000-strong coworking space in Andheri in Mumbai


91springboard, which provides cost-effective offices (working space) to start-ups and freelances, launched its newest center in Andheri East, MIDC, Mumbai.

The facility is spread across 3 floors with an overall capacity of over 1000 members and also has a stunning terrace cafe-cum-events area.

“This terrace workspace promises to be an added bonus for the freelancer community and those that want to access the coworking space for shorter periods of time,” the firm said.

India has seen a burgeoning of the co-working space business in recent years due to the emergence of a strong start-up ecosystem. The pioneer in this field, Regus, is present only to a limited extent in the country, leaving the space open for newcomers.

“We are super excited to be entering Mumbai on such a grand scale. Aside from the fact that we will be able to house over 1000 radical entrepreneurs under one roof, we have kicked things up a notch in terms of setup and design and the results are there for you to see. Almost everyone who came by for our launch events was gushing about how awesome the hub looked and felt and that is really the biggest reward for us” – Pranay Gupta, Cofounder 91springboard.

91springboard put together a unique launch day event to mark this occasion.

There were two events that were planned, starting with one of their most popular proprietary events called the ‘Reverse Pitch’. This is where they get a bunch of investors to come together and ‘pitch’ to a crowd of entrepreneurs.

Investors discussed their operational experience, sector focus, portfolio, ticket size and some of the top criteria used in the decision making process.

“It was a great chance for the entrepreneurs in the crowd to get an insight into the mind of the investors and gave them platform to interact with the investors both through the Q&A sessions as well as one-on-one networking.”

Among the investors who attended were Abheek Anand, Principal – Sequoia Capital, Gourav Bhattacharya, VP- Matrix Partners and Navin Honagudi Investment Director, Kae Capital.

The Andheri facility has already got over 120 members who have signed up for membership from day one. The hub is located in Ackruti Trade Center, MIDC, Andheri (East).