Rishi Das and Meghna Agarwal: Crafting Unique Workspaces Beyond Convention

Marking their imprint on Bengaluru’s dynamic business scene, IndiQube‘s 31st property in Hebbal is emerging as a testament to their commitment to innovation. Originally envisioned as a hotel catering to the needs of Manyata Embassy Business Park, this two lakh square feet development is undergoing a transformation into a mixed-use masterpiece. Housing co-living spaces, co-working hubs, and a spectrum of amenities, it reflects their vision to create an immersive experience that extends beyond the ordinary.

As IndiQube’s 31st property takes shape in Bengaluru’s Hebbal, the founders are revolutionizing the co-living landscape. Originally conceived as a hotel catering to the Manyata Embassy Business Park, the space is now evolving into a two lakh square feet mixed-use haven. The facility will feature a co-living space, co-working areas, a food court, sports arena, health club, and possibly a convenience store. This innovative fusion reflects the founders’ commitment to delivering a differentiated product and capitalizing on the burgeoning demand for flexible living and working solutions.

Rishi Das and Meghna Agarwal envision this Hebbal property as their signature endeavor, blending a 60-bed co-living space with the agility of per-bed pricing. Nightly rates could range from ₹1,500 to ₹30,000 a month (excluding F&B) for extended stays—a pricing strategy that caters to diverse needs. IndiQube’s innovative approach echoes the concept of “nicihification,” as outlined by global real estate consultancy CBRE. In a bustling market where over 200 operators vie for attention, customization and relevance are the key differentiators. IndiQube’s ability to tailor its offerings to stay pertinent in diverse locations underscores its commitment to meeting the evolving needs of its clientele.

Making the most of the slump in the residential real estate market, Das and Agarwal tap into the surplus of vacant apartments in Bengaluru. Leveraging this opportunity, they engage in partnerships with standalone co-living operators, offering shuttle services to distressed residential properties near their flexible workspaces. The founders showcase another facet of their differentiation strategy by collaborating with marquee hotels. IndiQube has strategically opened flexible workspaces within prestigious hotels like The Leela Palace and Courtyard by Marriott. This collaboration not only brings ready space to the table but also lends an air of sophistication with a prestigious address.

What sets IndiQube apart is its meticulous approach to setting up properties. From location assessment to tenant catchment and transportation infrastructure evaluation, Das and Agarwal delve deep into research. This thoroughness contributes to a remarkable 90 percent occupancy, surpassing the industry average of 70 to 75 percent. Undeterred by their success, Das and Agarwal are steering IndiQube into uncharted territory by collaborating with the Indian Institutes of Management (IIMs). They are working with IIM-Bangalore to establish incubator facilities across their properties—an initiative that demonstrates their commitment to fostering innovation and entrepreneurial growth.

In the realm of flexible workspaces, where giants like WeWork and CoWrks dominate, IndiQube, propelled by the visionary leadership of Rishi Das and Meghna Agarwal, presents a compelling proposition. With competitive pricing, well-arranged office spaces, and a commitment to community-building, IndiQube stands as a testament to disruptive innovation in the co-working landscape. WestBridge Capital’s Sandeep Singhal aptly describes their business as “disruptive” and poised to replace conventional ways of doing business.

As IndiQube continues to redefine the dynamics of co-living and working, Rishi Das and Meghna Agarwal emerge as trailblazers crafting a unique narrative in the vibrant saga of Indian flexible workspaces.