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Rapid Growth in the Co-working Space Industry: A Closer Look at SpaceN Workspace’s Success Story

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1 year ago

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New Delhi [India]: In recent years, the landscape of the corporate world has been undergoing a dramatic transformation. One of the most notable shifts is the increasing popularity of co-working spaces. These flexible and dynamic environments have evolved from being mere alternatives to traditional offices to becoming the preferred choice for businesses of all sizes. Among the rising stars in the co-working space industry, SpaceN Workspace has emerged as a remarkable success story, experiencing a phenomenal 400% growth in the financial year 2022-2023 and gearing up for even more substantial expansion in the current financial year.

A Flourishing Coworking Trend in India

India, known for its bustling business environment, is witnessing a noteworthy trend in the real estate sector – the burgeoning demand for coworking spaces. Over the past four years, the demand for these spaces has doubled, reflecting a significant shift in how businesses perceive their work environments. In the first quarter of 2023, co-working spaces accounted for a substantial 27% share of the net absorption of 8.2 million sq. ft. across the top seven cities in India. This represents a remarkable increase from a mere 14% in the same quarter of 2019.

This growing trend can be attributed to the inherent benefits that coworking spaces offer. They provide businesses with a flexible and cost-effective solution to their office needs, allowing them to focus on their core operations while leaving the management of the workspace to experts. One key player capitalising on this trend is SpaceN Workspace, a company that has not only recognized the potential but has also harnessed it to achieve exceptional growth.

SpaceN Workspace’s Value Proposition

What sets SpaceN Workspace apart from its competitors is its comprehensive approach to supporting businesses in various aspects beyond just providing physical office spaces. The company serves as a partner in decision-making, aiding clients in finding the perfect workspace or managed office that aligns with their budget and needs. In addition to physical spaces, SpaceN Workspace offers virtual office solutions across India, catering to businesses that require a professional address without the need for a physical presence.

However, SpaceN Workspace’s services go far beyond office solutions. The company serves as a one-stop-shop for various compliance services, including company registration, GST registration and filing, as well as trademark and patent assistance. This holistic approach positions SpaceN Workspace as a strategic partner for businesses navigating the complexities of starting and running their operations.

Empowering Space Partners

One of the driving forces behind SpaceN Workspace’s remarkable growth is its unwavering commitment to empowering its space partners. The company understands that success in the co-working industry is a collaborative effort, and thus, it provides an array of support services to its partners. These services are not only designed to streamline operations but also to enhance the overall experience for clients utilising coworking spaces.

SpaceN Workspace equips its partners with a suite of tools that automate sales and marketing efforts, making it easier for them to attract and retain clients. The Super Console Software provided by the company enables efficient management of virtual office clients, ensuring that all administrative processes are seamless and hassle-free. Furthermore, a specialised meeting software facilitates the effortless booking and management of meeting and conference rooms, a vital aspect of coworking spaces.

 Elevating Co-working Operations

At the core of SpaceN Workspace’s operations is its proprietary software, Co-Manage. This cutting-edge software is designed to manage all aspects of coworking operations efficiently. From resource allocation to client onboarding, Camaongae streamlines processes, allowing space partners to focus on delivering exceptional services to their clients. The software’s user-friendly interface ensures that even complex tasks can be managed with ease, enhancing the overall user experience for both space partners and clients.

Looking Ahead

As SpaceN Workspace continues its journey of unprecedented growth, the company’s success story serves as an inspiration to both budding entrepreneurs and established businesses. The coworking industry’s rise is not merely a fad but a reflection of a fundamental shift in how modern businesses approach their workspace needs. Flexibility, cost-effectiveness, and a collaborative environment are now essential components of the modern workplace.

SpaceN Workspace’s approach, characterised by its holistic support services, empowerment of space partners, and innovative software solutions, has positioned it at the forefront of this industry evolution. As the company gears up for another financial year of hyper growth, it’s clear that SpaceN Workspace is not just riding the wave – it’s shaping the future of workspaces in India.

In conclusion, SpaceN Workspace’s remarkable growth journey is a testament to the transformative power of co-working spaces in the modern business landscape. With the demand for such spaces on the rise, businesses like SpaceN Workspace are leading the way by offering comprehensive solutions that go beyond mere office spaces. As the industry continues to evolve, it’s exciting to contemplate how SpaceN Workspace and similar companies will shape the future of work, collaboration, and entrepreneurship in India and beyond.

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B2B Channel Distribution Marketplace – Badho Hits ₹1000 Crore GMV, Signals Shift in FMCG Distribution Landscape

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19 mins ago

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November 7, 2024

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Gurugram, Nov 2024: In a significant development for distribution in India’s FMCG sector, Badho – the B2B marketplace for channel distribution has crossed ₹1000 Crore in Gross Merchandise Value (GMV) with current ~₹100+ crore monthly GTV and with 22% user growth every month.

Founded in 2022 by IIT and ISB alumni, Badho’s HQ is based in Gurugram and the marketplace connects retailers with local distributors, enabling them to place orders without payment constraints and set business terms for payment, delivery, and returns on their terms. This flexibility allows brands to maintain sales momentum, even in regions where their field sales teams might not be active, while also generating leads for distributors to expand their networks.

The Badho App has seen rapid adoption across India’s Hindi Belt, with over 5 lakh retailers and 7,000 distributors now trading secondary orders of more than 1000+ Brands through its marketplace. Market observers attribute this as a sign of growing digitization in traditional Kirana Markets, which still account for over 73% of India’s retail distribution.

Rishi Singhal, CEO of Badho, sees this as just the beginning. “The real opportunity lies in making traditional channel distribution more efficient, not replacing it,” he told reporters. Industry veterans agree, pointing to the vast untapped potential in India’s 13 million+ kirana store network.

The opportunity is particularly notable for emerging brands. For example, Shark Tank India participant Zoff Foods leveraged Badho to establish its offline presence and connected with 6,000+ retailers and generated 250+ distributor leads. They scaled to an impressive ₹13-₹15 Lakhs monthly order volume within months of partnering up with Badho. Also, such brands report an increase in average order values and higher participation in trade schemes, indicating improved engagement with retailers.

The development comes as India’s FMCG sector shows strong growth potential, with increasing consumption in tier 2-3 cities driving market expansion. According to Invest India by GOI, the Indian retail market is estimated to reach $2 Tn by 2032, driven by socio-demographic and economic factors such as urbanization, income growth and rise in nuclear families

“What’s noteworthy is the platform’s approach to digitization,” says Saurabh Shivhare, MD & CEO at Kapila Krishi Udyog Ltd. “Unlike earlier attempts that tried to bypass traditional distribution networks, this model enhances existing distribution, making it more palatable for the industry.”

Gyanendra Bharti, Co-founder of Badho, also emphasizes the platform’s role in preserving traditional business relationships: “By digitizing order processes while maintaining existing distributor-retailer relationships, we’re helping the industry evolve naturally.”

The development also signals growing investor interest in B2B retail tech. While Badho has been bootstrapped so far, industry sources suggest strong investor interest. Also, the platform’s ability to reduce market entry costs to under ₹50,000 has made it particularly attractive for brands looking to expand in the Hindi Belt. This cost efficiency, combined with rapid retailer connectivity, addresses a crucial gap in traditional channel distribution models.

For more information about how Badho is transforming channel distribution while preserving traditional networks, visit www.badho.in.

About Badho:

Badho is India’s leading B2B marketplace for channel distribution, optimizing costs and efficiency for FMCG brands while enhancing traditional distribution networks through innovative technology. The platform connects 5 lakhs retailers with 7,000+ distributors across the Hindi Belt, processing orders worth ₹1000+ crore GMV.

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Alt DRX Blockchain Technology Makes Real Estate Investable for Everyone

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36 mins ago

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November 7, 2024

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Bangalore (Karnataka) [India], November 7: In the past, real estate investing was an exclusive domain, accessible only to those with significant capital and the right connections. However, with the rise of innovative platforms like Alt DRX and the power of blockchain technology, this barrier is being dismantled. Alt DRX is revolutionizing the real estate market by making property investments accessible to everyone, regardless of their financial standing, through fractional ownership and blockchain-backed transparency.

The Power of Blockchain in Real Estate

Blockchain technology is the driving force behind Alt DRX mission to democratize real estate investments. Blockchain, known for its decentralized and secure nature, offers transparency, efficiency, and security in transactions. This technology ensures that all real estate investment transactions are recorded on an immutable ledger, removing the need for intermediaries and reducing costs and time delays associated with traditional property investments.

Alt DRX leverages blockchain to provide a platform where individuals can buy fractional ownership of properties. This means that instead of purchasing an entire property, investors can own a percentage, making it affordable and accessible to a wider audience. Blockchain guarantees that these ownership records are secure and tamper-proof, ensuring a level of trust and security that was previously hard to achieve in the real estate sector.

Fractional Ownership: Lowering Barriers to Entry

The concept of fractional ownership is not new, but blockchain technology has supercharged its potential. Through Alt DRX, investors can purchase shares in high-value properties without the need for large upfront capital. This allows individuals to invest in real estate with smaller amounts of money, providing an opportunity to diversify their portfolios and tap into a historically lucrative asset class.

For example, instead of needing millions to invest in a prime commercial property, Alt DRX allows investors to buy fractional shares, making it possible for anyone with a modest budget to participate. This opens up the real estate market to a broader demographic, enabling people from all financial backgrounds to build wealth through property investments.

Transparency and Trust: Key Benefits of Blockchain

One of the biggest challenges in real estate investing has always been transparency. Traditional property transactions often involve numerous intermediaries, unclear ownership records, and lengthy processes, all of which can lead to a lack of trust between buyers and sellers. Blockchain technology, as utilized by Alt DRX, solves this problem by offering complete transparency in every transaction.

Each property listed on the Altdrx.com platform has its ownership data, transaction history, and legal documents stored on the blockchain. This decentralized ledger is accessible to all investors, ensuring that there is no ambiguity about the property’s status, ownership, or financial health. Investors can confidently engage in real estate deals, knowing that the system is transparent and secure.

Liquidity in Real Estate Investments

A major issue with traditional real estate investment has always been the lack of liquidity. Once you invest in a property, it often takes months or even years to sell and realize returns. With AltDRX’s blockchain-backed platform, investors can trade their fractional ownership stakes in a secondary market, providing a level of liquidity that has been missing from real estate investments.

This feature allows investors to buy, sell, or trade their property shares more easily, giving them flexibility and quicker access to returns on their investments. The blockchain’s smart contracts automate and facilitate these trades, making the process seamless and efficient.

Real Estate for Everyone: The Future of Investing

Alt DRX is breaking down the barriers to real estate investing, allowing individuals to access high-value properties without the traditional hurdles. By combining fractional ownership with the transparency, security, and efficiency of blockchain technology, Alt DRX is making real estate an investable asset for everyone.

Whether you’re a seasoned investor looking to diversify or someone new to the world of real estate, Alt DRX provides an accessible, trustworthy platform to start building wealth. With blockchain at its core, the future of real estate investing is decentralized, secure, and open to all.

Conclusion

Alt DRX is transforming real estate investing by leveraging blockchain technology to offer transparency, security, and accessibility. Through fractional ownership, it enables investors of all levels to enter the real estate market without the traditional financial burdens. This global accessibility, combined with blockchain’s inherent security, offers a new level of confidence and flexibility in real estate investing. Whether you’re looking to invest in commercial properties, residential developments, or emerging markets, AltDRX empowers individuals to build diversified portfolios and gain exposure to the real estate market with ease. This evolution not only democratizes real estate but also redefines how we perceive and engage with property ownership in the digital age.

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Nikhil Kapoor Leads AGRANA Fruit India’s 100% Acquisition via Management Buyout with Strategic Investment from Danish Equbal

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2 days ago

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November 5, 2024

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Fruit Formulations Private Limited Set to Revolutionize India’s Fruit Processing Industry

New Delhi, India – In a transformative move set to reshape the fruit processing landscape across the Indian subcontinent, Nikhil Kapoor, former Head of Sales at AGRANA Fruit India, has successfully completed the 100% acquisition of AGRANA Fruit India Private Limited. This strategic Management Buyout (MBO), backed by significant financial support from Danish Equbal, has led to the rebranding and formation of Fruit Formulations Private Limited (formerly known as AGRANA Fruit India Private Limited). The new entity is set to become a market leader in the fruit-based products sector, driven by innovation, quality, and strategic expansion.

Nikhil Kapoor: A Leader with Vision and Proven Success

With over 20 years of experience in the food, ingredients and fruit processing industries, Nikhil Kapoor has a strong background in business development, sales strategy, key account management, and customer relationship building. His career includes leadership roles at companies such as Cargill Foods and Givaudan Flavours, where he consistently drove business growth and expanded market share.

A key entrepreneurial achievement for Kapoor was founding Blue Ingredients Private Limited, which he successfully led from 2018 to 2021. Although Blue Ingredients is no longer operational, the experience of building and scaling a company has shaped Kapoor’s leadership approach and strategic thinking.

At AGRANA Fruit India, Kapoor excelled in key account management, particularly with large dairy clients, driving new product development and customer service improvements. His leadership resulted in several breakthrough solutions and a strengthened relationship with key accounts, significantly enhancing delivery efficiencies.

Kapoor also led the launch of innovative products for the Bakery and HoReCa sectors, including Fruit Crushes, Fillings, and Syrups. These innovations helped position AGRANA as a leader in India in specialized fruit-based solutions. Additionally, Kapoor spearheaded the company’s geographic expansion into North India, South India, and Nepal, contributing to significant business growth.

As the CEO of Fruit Formulations Private Limited, Kapoor is focused on taking the company to new heights. Commenting on the acquisition, he said:

“This 100% acquisition is not just about ownership—it’s about building a platform for innovation and redefining the fruit processing industry. Our goal is to set new standards for quality and customization and become the preferred partner for our clients. Through market expansion and continuous innovation, we aim to reshape the industry and create lasting impact.”

Danish Equbal: A Strategic Investor with a Vision for Growth

The success of this acquisition was made possible by the strategic financial backing of Danish Equbal, a seasoned investor with a strong record of driving growth in various industries. Danish is also the Founder and Director of Brickfolio Pvt. Ltd., a prominent real estate and investment firm based in Pune. Under his leadership, Brickfolio has transformed property investment through technology, market insights, and client- centric solutions.

Danish’s decision to invest in Fruit Formulations Private Limited reflects his confidence in the company’s potential to become a leader in the fruit processing sector. His investment will help the company scale operations, explore new growth opportunities, and drive product innovation.

Commenting on the venture, Danish Equbal said:

“Nikhil Kapoor is a proven leader with an exceptional track record. His vision for Fruit Formulations aligns perfectly with my investment philosophy, which focuses on supporting high-potential businesses. Together, we are laying the foundation for long-term success.”

A Strategic Focus on Customisation, Innovation, and Strategic Growth

As Fruit Formulations Private Limited embarks on its growth journey, the company will leverage Kapoor’s expertise in product innovation, market expansion, and customer service. With consumer demand increasingly shifting toward natural, health-conscious, and customized products, the company is well-positioned to capitalize on these trends.

Building on the momentum from AGRANA, Kapoor plans to diversify the product portfolio with clean-label ingredients and customized formulations for both B2B and B2C markets. The company will also prioritize key sectors, such as Bakery, HoReCa, and dairy and ice cream clients, while deepening partnerships and delivering value-added solutions to the food industry.

Geographic expansion across India and South Asia will be central to the company’s growth strategy, focusing on new markets and strengthening its presence in established regions. Customization will remain at the heart of operations, aligning with global trends toward personalization, convenience, and health-conscious consumption.

Kapoor added:

“Our mission is to stay ahead of market trends by delivering innovative, customized solutions that meet the evolving needs of our customers. With Danish’s support, we are poised for rapid growth while maintaining our focus on quality and sustainability.”

A New Chapter for India’s Fruit Processing Industry

The formation of Fruit Formulations Private Limited marks the beginning of a new era of growth, innovation, and leadership in India’s fruit processing industry. With Nikhil Kapoor’s extensive experience and Danish Equbal’s strategic and financial backing, the company is set to push the boundaries of innovation and expand its footprint across the Indian subcontinent market.

As CEO, Kapoor will lead Fruit Formulations Private Limited toward becoming a driving force in the transformation of the industry—centred on quality-driven innovation, tailored solutions, and ambitious market expansion.

About Fruit Formulations Private Limited

Fruit Formulations Private Limited, founded following the 100% acquisition of AGRANA Fruit India Private Limited, specializes in developing innovative and high-quality fruit-based solutions for industries including dairy, ice-cream, bakery, and foodservice. With a focus on customization, innovation, and strategic market growth, the company is positioned to lead the fruit processing sector across the Indian subcontinent and beyond. Backed by strategic investor Danish Equbal, the company is committed to delivering the next generation of fruit-based products through quality-driven innovation and sustainable practices.

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Dodla Dairy Adopts TecWork QualityMaster to Streamline Documentation and Enhance Quality Management

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2 days ago

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November 5, 2024

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Hyderabad (Telangana) [India], November 4: Dodla Dairy, one of India’s leading dairy brands, has partnered with TecWork QualityMaster to overcome document management, inspection, and audit challenges. Known for products like curd, lassi, milk, ice cream, and paneer, Dodla Dairy operates across 11 states with over 2,000 distributors.

Challenges and the Need for a Solution

Dodla Dairy faced difficulties managing licenses, vendor verifications, and certifications, with manual processes causing delays, errors, and resource strain. Without an efficient tracking system, staying on top of expiring documents and coordinating across shift-based teams became cumbersome. Inspections and audits further added complexity, with manual workflows prone to errors.

“We encountered significant challenges, and they were costing us time and resources,” said Mohana Kumar, QA Head at Dodla Dairy. “A reliable Quality Management System (QMS) was essential.”

TecWork QualityMaster: The Solution in Action

TecWork QualityMaster provided Dodla Dairy with an integrated Quality Management System to meet these challenges through its range of modules that included Document Management, Inspection Plan, Audit Management, NC & CAPA, Risk Management, and more.

It aided Dodla in managing and store various documents including licenses, certifications, vendor verifications, and other documents. It also maintained document histories and versions, enabling easy searches through indexing and keywords, thereby simplifying the entire document management process.

Role-based access helped Dodla ensure secure access to sensitive data with approval protocols, something they badly needed. While the Inspection Module simplified quality control, enabling test tracking, non-conformance reporting, and checklist management. Moreover, the Audit Module digitized audit workflows, improving efficiency and reducing errors.

Talking about the software Krishna Prasad, IT head Dodla Dairy, said, “The experience with TecWork QualityMaster has been so far so good. The software is flexible and easy to use. It meets our challenges effectively. As it is a cloud based- solution, it offers real-time updates which enables us to take faster decision.”

Chirag Panjwani, VP TecWork QualityMaster said, “I am happy to share that the solution has addressed many challenges of Dodla Dairy. We are committed to innovate in our offerings and provide more holistic solutions to our partners”.

Special Diwali Offer by TecWork Global Business Solutions

Although the pricing of the software is pocket-friendly, yet on the occasion of Diwali TecWork is offering flat 25% discount on QualityMaster. This festive offer makes it an excellent opportunity for organizations seeking a robust Quality Management System (QMS) software to secure a cost-effective solution that meets their needs.

Dodla Dairy

Dodla Dairy Limited, headquartered in Hyderabad, was incorporated in 1995 and began production in 1998. With procurement spanning 5 states and products available across 11 states, Dodla Dairy is a trusted brand in India.

TecWork QualityMaster

QualityMaster is a product of TecWork Global Business Solutions Pvt. Ltd. where cutting-edge technology converges with business excellence. We are dedicated to empowering businesses through innovative solutions that specialize in and seamlessly align with diverse business objectives like fleet management, quality management, HR management and such.

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Japan India Industry Promotion Association ( JIIPA ) and INFOEYE Partner to Further Promote Business between India and Japan

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3 days ago

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November 4, 2024

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The Japan India Industry Promotion Association (JIIPA, Minato-ku, Tokyo, Chairman: Prashant Godgate) and INFOEYE (Chiyoda-ku, Tokyo, CEO: Takayuki Sedodoi)

The Japan India Industry Promotion Association (JIIPA, Minato-ku, Tokyo, Chairman: Prashant Godgate) and INFOEYE (Chiyoda-ku, Tokyo, CEO: Takayuki Sedodoi) have formed a partnership to further promote business between Japan and India. This partnership aims to strengthen business support systems and streamline exhibition operations through the provision of various solutions and online services.

Overview

As part of this partnership, the initial focus will be on providing solutions for the 15th India Trend Fair Tokyo 2025, which will be held in January 2025. This exhibition, organized by JIIPA, will utilize INFOEYEʼs technology to enhance interaction between exhibitors and visitors.

Additionally, INFOEYE will provide operational support for other exhibitions and events through the introduction of Kirikom Plusʼs exhibition functions. These functions will improve efficiency and facilitate seamless information sharing between exhibitors. Visitors will also be able to use their smartphones to select products, access detailed product information, and create pick-up lists, ensuring a smooth and convenient experience across languages.

All services under this partnership, including exhibition solutions and members-only websites, will support Japanese, English, and Hindi, creating an accessible environment for exhibitors and visitors alike.

Unlocking New Business Opportunities through Collaboration

This partnership is expected to significantly enhance the efficiency of exhibitions and events involving companies from both Japan and India. With the introduction of Kirikom Plusʼs exhibition functions, exhibitors will be able to track visitorsʼ product picks and other activities in real time, reducing operational burdens. This will allow exhibitors to respond promptly to visitor interests and needs, maximizing opportunities for business negotiations. Additionally, the creation of a members-only website will facilitate networking and information sharing, fostering long-term collaboration.

The partnership also opens doors for expanding these solutions to other exhibitions and events, accelerating efforts to promote business between Japan and India.

References

Japan India Industry Promotion Association (JIIPA)

JIIPA is an NPO based in Tokyo, promoting economic exchange between Japan and India. It collaborates closely with embassies, government agencies, industry organizations, chambers of commerce, and non-profit organizations to maximize business opportunities between the two countries.

INFOEYE Co., Ltd.

Since its founding in 2002, INFOEYE has been providing solutions for the textile industry and image clipping services to support businesses in both Japan and India. Its expertise in apparel-related solutions and image clipping services has been widely adopted, helping facilitate smooth business operations between the two countries.

Contact Information for this Partnership

INFOEYE

Contact Form: https://infoeye.com/contact

JIIPA

Contact Form: https://npo-jiipa.org/contact-us

A new wind of business is blowing between Japan and India̶look forward to the future created by the collaboration between JIIPA and INFOEYE.

*1 Kirikom Plus is available to start using for free.

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