Venture X plans to invest $2-3 million by 2023 in co-working sector

NEW DELHI: Venture X, an affiliated brand of United Franchise GroupTM’s (UFG) co-working
division-CoworksTM, has entered Indian co-working sector through franchise based model and
plans to invest $2-3 million by 2023. The company so far has invested approximately $5 million
in the Indian market.
“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.
The company has opened two co-working spaces in Gurugram with a cumulative 1,200 seats
spread across 45,000 sq ft and 16,500 sq ft space at Sector 67 and 44 respectively.

“We have the Master License for the India region. We have currently opened two locations and
would grow to 8-10 across India by end 2023,” said Rahul Kapur India Partner.
Venture X intends to expand its team size all across India and has plans to spread its footprint in
major metro cities, including Bengaluru, Hyderabad, Mumbai, Chandigarh, and Pune in the near
future.