StartupHuts is a more than 5-year-old Bangalore-based co-working startup co-founded by IIM and IIT alumni, Pankaj Kumar and Chandrakant Singh. Starting with only 120 seats at one location, they currently have 7 units, 2000 seats in Bangalore distributed across 1 Lakh+ sqft, serviced 400+ customers (Small, Medium, and Large), with more than 95 % occupancy and high customer retention. The firm approaches each customer as a unique customer and provides novel office solutions at the most competitive price, which is its key differentiator.
And using regular mentorship programs and networking events, people can tackle the challenges of entrepreneurship. In a nutshell, StartupHuts is a one-stop place for all the startup’s needs. Pankaj Kumar and Chandrakant Singh, who are playing a paramount role in steering the firm toward reaching new heights, engage in an exclusive interview with Asia Business Outlook and walk us through the unique proposition and offerings of StartupHuts.
How Do You Differentiate Startuphuts From Your Peers In The Market? Emphasize Your Unique Selling Point.
Our members get a wide range of perks, including mentorship, funding assistance, office space, and a great community. We believe that a healthy environment and constructive discussions lead to better ideas. By assisting one another, a startup can grow in the public. Incubate, collaborate, and scale is our motto: Incubate — we have many examples of startups that have expanded from a single member to a 100 and from a 3 team to a 300-member team.
Collaborate – We have Startups who are our clients and we are also a client for them. We assist our clients in collaborating with other customers so that they can all grow together. And we consider client growth to be the key to our success. Scale – Scaling up and scaling down helps our customer to retain their business in any situation. Especially during the pandemic, we helped our customers in scaling up and scaling down.
For instance, one of our customers had 500 seats before the pandemic, and when the first wave of the pandemic came theyreduced the number of seats to 100 seats.
When the second wave of the pandemic hit, they reduced it to 10 seats, and after the third wave of the pandemic, they took another 200 seats, and all of this scaling up and scaling down is only feasible with StartupHuts.
Kindly Tell Us About The Various Services You Offer On Your Flagship.
StartupHuts provides a complete ecosystem for startups with comprehensive incubation solutions, including economical Co-working space, private cabin, managed office, plug & play dedicated office, 24x7 Access, 24x7 internet line & power supply, conference room booking, printer & scanner access, mentoring, consulting and incubation services, HR service, accounts services, mentoring, funding, and more.
What Are The Challenges That Clients Bring To You, And How Do You Assist Them To Overcome Those Pain Points?
Due to the pandemic, much of the work is being done from home, which is referred to as WFH, whereas before the pandemic, most companies were building their own offices with a 1-3 year locking period, which resulted in an upfront deposit and rent payment without use due to the locking. And, following the pandemic, most businesses are reopening their doors with a downsized workforce that will work from home. 
Chandrakant Singh, Co-Founder & COO
They want to gradually summon staff into the office, but they don’t want to make an upfront investment in office space. Most companies are seeking co-working space since they do not want to invest in office space and spend more than two months in deposit.
Startuphuts is able to provide office space within the budget, along with the capability to scale up and scale down
StartupHuts is able to provide office space within their budget, along with the ability to scale up and scale down. Moreover, to manage the office space, numerous issues arise on a daily basis, and based on the experience gathered over the last five years, each issue has a strict time and budget to handle. This results in the management of office space at a lower cost, which is ultimately passed on to the customer, resulting in a very competitive price.
Tell Us About The Company’s Recent Revenue Growth, As Well As The Company’s Future Endeavors.
During the pandemic, our revenue has gone down, but we have made up for it in a short span of time. In the coming years, we intend to expand our business across India and grab the medium-sized market. We are confident that within the next three years, we will be able to accommodate 10,000 seating capacity.
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