Explained: What will it take for coworking startups to turn unicorns
By Yogesh Arora
Coworking unicorn: The rise of startups in India has changed the coworking market in India. Known as millennial workspaces, according to Statista, coworking market is expected to grow by two billion $worldwide. Coworking spaces in India are projected to grow at 16 per cent CAGR between 2021 to 2026. In Q1 2023, coworking spaces represented a 27 per cent share of the net absorption of 8.2 million sq. ft. across tier 1 cities, a significant increase from 14 per cent in Q1 2019. Coworking spaces have become ideal for small and medium-segment startups and businesses with a hybrid and flexible working style.