The Quorum
Private members-only club for work and leisure.
| Date | Investors | Amount | Round |
|---|---|---|---|
* | N/A | Seed | |
| Total Funding | 000k | ||
The Quorum is a members-only lifestyle club founded in 2018 by the husband-and-wife team Vivek Narain and Sonya Jehan. Narain, the company's CEO, has a background in finance, economics, and hospitality, having worked in investment banking, real estate, and for Fairmont Raffles Hotels International. Jehan, the Creative Director, lends her aesthetic and artistic sensibilities to The Quorum's design and identity, influenced by her experience with restaurants and cinema.
The business operates as a subscription-based private members' club, offering a "third space" that is neither home nor office, for a curated community to work, socialize, and network. Its business model includes three main brands: Quorum, the members-only club; The Business Quarter (TBQ), a co-working space; and district150, a venue for meetings and events. Revenue is generated primarily through one-time joining fees, which range from Rs 4 lakh to Rs 5.5 lakh, and average annual fees of around Rs 1.5 lakh. The company targets a diverse membership of entrepreneurs, creative professionals, and corporate leaders, focusing on building a like-minded community rather than just exclusivity.
The Quorum launched its first club in Gurugram in 2018, followed by locations in Mumbai in 2021 and Hyderabad. It provides extensive amenities including food and beverage services, event spaces, art galleries, and wellness centers. The clubs are designed to be transformational, shifting from a work environment during the day to a social setting at night. The company also emphasizes cultural programming, hosting over 1,000 events to foster engagement and attract its target demographic. Members gain access to a global network of over 50 reciprocal clubs in more than 28 countries. In March 2024, the company secured a pre-Series A funding round led by Gruhas, an investment firm co-founded by Zerodha's Nikhil Kamath, which acquired a 5% stake. The Quorum plans to expand its footprint to other Indian cities like Bengaluru, Goa, and Delhi.
Keywords: private members club, lifestyle hospitality, co-working space, subscription business, networking events, social club, Vivek Narain, Sonya Jehan, Gurugram, Mumbai, Hyderabad, community building, cultural programming, exclusive membership, premium hospitality, corporate events, social networking, wellness facilities, art gallery, global access