This Co-working Space is Where Xiaomi India Finds its Roots – Entrepreneur

Copyright © 2024 Entrepreneur Media, LLC All rights reserved. Entrepreneur® and its related marks are registered trademarks of Entrepreneur Media LLC
By Sanchita Dash
You’re reading Entrepreneur India, an international franchise of Entrepreneur Media.
Be it in a rickety lane in a town or a plush complex in a city, co-working spaces have managed to find a home across all parts of the country. The concept of co-working has been such a hit in the country that it has become synonymous with starting up.
Almost every other start-up today prefers to work in a co-working space because of numerous reasons –networking, cheaper space, interaction with peers etc.
But it’s not easy to run a co-working space, for today it’s not just about having a real estate establishment but actually bringing together all the start-ups under your roof.
Entrepreneur India caught up with Monika Misra, founder and General Manager, iKeva as she spoke about how they are ensuring their start-ups feel like a part of the community and how they plan to grow in India.
Building a Community
Walk into a co-working space and it’s bustling with activity. Founders interacting with each other, coders huddled up in a corner even during late hours and cafeterias always filled with engaging conversation. This is what co-working spaces aim to achieve – build a community.
iKeva takes pride in establishing the community feeling in its spaces – ranging from startups and freelancers to SMEs and MNCs. A heterogeneous mix like this makes for a dynamic and vibrant environment. “The exciting bit is when they do business together, which is the ultimate impact a community can have. Equally exciting is the feeling of camaraderie – they all go through their ups and downs, they all celebrate each other’s success and extend genuine help when needed,” said Misra.

Monika Misra
Every month they undertake a number of initiatives that are geared particularly towards encouraging interaction among members of the community – simple ice-breaking, fun activities, intense knowledge sharing, health and wellness, town-halls, and many more. “This is then extended to spaces outside work – off site/ retreats, sports to serious networking activities. Our team also acts as a bridge between our community and the outside world. We bring in associations and opportunities through which members (clients) get to communicate, connect and collaborate with external communities,” she said.
To offer better services to their start-ups, they have also partnered with companies Xioami, Nokia, Qualcomm, Amazon Web Services, Air Asia, Zadara Storage, Venture East, PwC, PayU, Oyo Rooms and Treebo
In fact, iKeva is where Xiaomi India saw its humble beginnings. They moved out when they reached a team size of 30 people as iKeva did not have the space for their exploding growth. “But guess what, in their new office they named a conference room as “iKeva’. Today, they have a 750-seater office in Bangalore and that too has a conference room named “iKeva’,” said Misra.
How do Co-working Spaces Work on Expansion?
Multiple co-working spaces in India have spread across the country, even though they have had humble beginnings. But how does one plan the expansion? Misra believes in enabling businesses through state-of-the-art infrastructure and great service delivery. They select cities based on the population, the industry ecosystem, initiatives taken by center government which will boost economy, quality of buildings available, the needs of the city and the value they will be able to add to the ecosystem in the city.
“Our basic services (infrastructure) are very standardised now, which is a product of our learnings and experimentation in 5 cities that we are currently present in (Bengaluru, Chennai, Gurugram, Hyderabad and Mumbai). We, however, believe that the flavour of the city should be reflected in our workspaces, which is embedded in our finer aspects of design. The choice of a micro market has a strong influence on the types of organizations that choose iKeva,” she said.
They have raised external funding through through angel investors, who are actively involved with iKeva as advisors and mentors.
Entrepreneur Staff
Former Senior Correspondent, Entrepreneur India
In the business of news for 5 years now. Making my way across India thanks to my career. A media graduate from Symbiosis, Pune, I have earlier worked with Deccan Chronicle (South India’s leading English daily), T-Hub (India’s largest incubator) and Anthill Ventures (a speed-scaling platform). 
Stories, movies and PJs are my thing. 
If you hear ‘The Office’ opening score randomly, don’t worry it’s just my phone ringing. 
Starting a business is hard work to say the least. These are four lessons I wish someone had shared with me before going solo, so I'm here to share them with you.
A hobby, interest or charity project can turn into a money-making business if you know the right steps to take.
Before you quit your 9-5, evaluate these myths vs realities of being an entrepreneur.
Achal Patel and Russell Gong met at a large consulting firm and "bonded over a shared vision to create a mission-led company."
We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.
Unveiling OpenAI's GPT-4.0: The latest AI with vision, auditory, and emotional intelligence abilities is revolutionizing industries. How will it affect your business?
Successfully copied link
We'll be in your inbox every morning Monday-Saturday with all the day’s top business news, inspiring stories, best advice and exclusive reporting from Entrepreneur.
Copyright © 2024 Entrepreneur Media, LLC All rights reserved. Entrepreneur® and its related marks are registered trademarks of Entrepreneur Media LLC


Leave feedback about this

  • Quality
  • Price
  • Service
Choose Image