MyHQ

Founded in 2016 by IIT-Delhi graduates Utkarsh Kawatra and Vinayak Agrawal, myHQ operates as a flexible workspace provider headquartered in Delhi, India. The company was established to address a gap in the market for affordable and adaptable workspaces for India's growing population of freelancers, entrepreneurs, and remote workers. Kawatra, serving as CEO, brings experience from his time as an investment analyst at Helion Ventures and as a co-founder of the NGO BloodConnect. Agrawal, the CTO, previously worked as a quantitative and algorithmic trading strategist at Goldman Sachs, where he developed pricing models and trading platforms.

The company's core business revolves around an asset-light model, forming partnerships with cafes, lounges, and underutilized office spaces to convert them into bookable work zones. This strategy allows myHQ to offer cost-effective solutions without the overhead of owning and managing physical properties. Revenue is generated primarily through a subscription-based model, offering various plans such as daily, monthly, and quarterly passes. Clients, ranging from individuals and startups to corporate teams, can access a network of workspaces through a single pass. Offerings include both on-demand access via a 'FlexiPass' and dedicated desks or managed offices for more permanent needs. Amenities provided typically include high-speed internet, power outlets, printing facilities, and discounted food and beverages.

Since its inception, myHQ has secured approximately $2.81 million in funding over several rounds, with investors including India Quotient, LetsVenture, and Anupam Mittal. A significant milestone occurred in April 2022 when the real estate consultancy ANAROCK Group acquired a 75% majority stake in the company for about Rs 125 crore. Despite the acquisition, myHQ continues to operate as an independent brand, with its founders remaining at the helm. The partnership with ANAROCK is intended to fuel expansion into more than 20 cities across India and potentially overseas markets. As of early 2022, the platform reported having over 50,000 subscribed members across more than 700 spaces in seven cities.

Keywords: flexible workspace, coworking, asset-light, subscription model, shared office space, managed offices, workspace aggregator, real estate technology, remote work solutions, startup infrastructure