The company so far invested approximately $5Mn in the Indian market; plans to invest $2-3Mn by 2023
The company offers a modern, flexible coworking franchisee at convenient and beautiful landmark locations across India
National, June 21, 2022: Venture X® is an affiliated brand of UFG coworking division, CoworksTM which is the largest privately-owned franchisor in the coworking industry having more than 200 locations opened/signed up globally is now entering the Indian market. Venture X has revealed their first two premium locations in Gurugram with a cumulative 1200 seats spread across 45,000 and 16,500 sq. ft. space at Sector 67 and 44 respectively. The company plans to expand PAN India in all the major Tier I and Tier II cities.
Venture X Gurugram offers flexible, premium coworking space options for individuals and companies, including established businesses, entrepreneurs, small and medium- sized enterprises. Catering to the ultra-modern and professional work space-related needs of the consumers, the company provides creative, innovative, and well-designed office solutions to businesses. In addition to their actual workspace, members have access to community café areas and other amenities, promoting networking and collaboration opportunities within their teams and with other Venture X members. The community space is available for hosting networking events, meetings and conferences.
An Attractive Absentee ownership franchise model for investors, Venture X offers a blend of a boutique hotel and modern office styles featuring a more upscale design level than most spaces that lean less professional and more toward a juvenile, playful aesthetic.
“We are excited to bring the brand Venture X to India, a blend of boutique hotel and modern office styles, with an elevated level of design. This makes it a perfect global address for entrepreneurs and corporates. Post the pandemic, flexible office spaces are very much in demand and in times to come franchise based models would be the right choice as they are better aligned towards revenue for all stake holders. We have invested around USD 5 Million in the Indian market and plan to invest USD 2-3 Million by the year 2023.”, said Anil Lakra India Partner, Venture X.
“We are delighted to get into a partnership with the UFG brand Venture X here in India. We have the Master License for the India region. We are excited about this venture and are bullish to expand across India. We have currently opened two locations and would grow to 8-10 across India by end 2023, said Rahul Kapur India Partner”.
“United Franchise Group could not be any more excited to be a part of the launch of Venture X India. We recognise India as a crucial market in the Venture X global footprint. Our Master License partners have the experience and local knowledge to ensure excellent growth throughout India. The Venture X flagship location in Gurugram is one of the largest facilities within our global network. It offers state of the art co- working facilities for its members and represents a great opportunity and a fantastic model of the Venture X franchise in India for franchise investors.” said Mike Gallagher – Executive Vice President — Asia Pacific.
Venture X intends to expand its team size all across India and has plans to spread its footprint in major metro cities, including Bangalore, Hyderabad, Mumbai, Chandigarh, and Pune in the near future. With multiple vacancies for corporate leasing, procurement, real estate, marketing, and digital, Venture X has plans to recruit professionals PAN India.