As we move beyond the constraints of traditional office hours and remote work, coworking spaces offer a vital solution for professionals seeking a hybrid work model. Even working from home full-time sounds so 2020' nowadays. The modern workforce demands versatility, and coworking spaces provide a vibrant and collaborative environment to meet those needs. The era of rigid, nine-to-five office culture is rapidly being replaced, and coworking spaces are poised to play a pivotal role in shaping the future of work.
Although hybrid work is a common trend, it doesn't stop there. Work looks different now than ever due to the propelling technology, the booming gig economy, asynchronous collaboration tools, hybrid work structures, the popularity of coworking spaces, and the shift to a job seeker's market. It is no secret that as the demand increases, new players start coming into the market to provide the service, and only those who understand the consumer mindset survive. One such coworking space aggregator that has established a strong foothold in the industry by providing customizable and effective workspace solutions is Sparsh Khandelwal’s brainchild Stylework.
Coworking spaces are flexible; thus, they are crucial for companies that might not want to allocate a budget for a traditional office. It is also a terrific option for companies that wish to select employees based on talent rather than geography without having to confine them to their homes, where many people lack the space, resources, or privacy necessary to work productively from home. Owing to all these factors, coworking space aggregator Stylework has been revolutionizing the market with its technology-driven B2B SaaS model that has its focus on the hub and spoke, walk to work and pay-per-use model with customised coworking memberships tailored to user’s need.
Stylework’s Corporate Product Suite (CPS) has been designed with a user-friendly interface, empowering administrators and HRs with complete oversight and control. The CPS dashboard provides a range of options for HR and Admin teams to track employee usage and manage other critical aspects easily. With a pay-per-use model, the coworking industry offers a flexible and cost-effective solution where companies only pay for what they use in their hybrid workspace. Stylework takes this a step further by allowing customers to customize their workplace experiences, enabling greater control over spending and minimizing resource wastage.
Stylework has come a long way since its inception as a bootstrapped venture. In 2018, the company secured its first investment round, and it has experienced remarkable growth since then, reaching a 250% rise in 2021. Along with this outstanding growth, Stylework has achieved several milestones, such as being awarded a 100% scholarship by the Newchip accelerator in Texas, contributing to its advancement. The team also collaborated with FICCI for the first edition of the India Flexible Workspace Summit in 2021 and is set to participate again in the upcoming second edition in 2023.
The purpose of the collaboration includes the motive to revolutionize the flex space industry in India since the flexible workspace industry is still evolving and technology adoption still has a long way ahead. Stylework understands why staying up with technological advancement is important and thus took the responsibility to revolutionize this industry and be a part of the change. in addition to that, Stylework has also partnered with big giants like WeWork to move forward towards their goal of changing the dynamics of the flex space market. These significant accomplishments distinguish Stylework as a prominent contributor to the future of work, setting the standard for coworking space aggregation and innovation.
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