The top hybrid workplace platform in India, GoFloaters, has secured seed funding for an undisclosed sum. Loyal VC, a worldwide venture fund with more than 220 investments in 50+ countries, is the organisation in charge of the funding. The money will be used primarily to improve and advance WorqFlexi, its unified hybrid workspace solution.
A unique hybrid workplace technology designed by GoFloaters will enable teams to work and collaborate in person from any location. Customers of GoFloaters include, the SaaS unicorn Chargebee, Wingify, Branch International, an elite financial business, the edtech startup Kraftshala, the IT services provider Ignitho, Incubyte, and NotionPress, among others.
“In the post-pandemic world, office space needs have been radicalized. ‘The Great Resignation’ and ‘Quiet Quitting’ movements signaled the demand for healthier work-life balance. Employees no longer want to commute to office campuses. They want alternatives to beat isolation, productivity issues and other work-from-home challenges. With company support, employees want workspaces on the go that are outside of home but closer to home. They want flexible spaces to meet, collaborate and bond without returning-to-office,” said Founder and CEO, Shyam Sundar Nagarajan, GoFloaters.
All this together has expedited the adoption of on-demand flexible coworking, meeting and hybrid workplaces, which we have been advocating since long. He added, “GoFloaters is helping companies seamlessly transition to a hybrid workplace model with WorqFlexi, a unified hybrid workplace solution.”
GoFloaters, a company founded in 2017 by Shyam Sundar Nagarajan and Srivatsan Padmanabhan, invented the idea of inexpensive coworking desks with work cafes. GoFloaters presently has a strong presence in Tier 2 and Tier 3 towns and provides 2000+ on-demand coworking spaces, meeting rooms, and long-term offices throughout 40+ Indian cities. By collaborating with over 250 coworking providers, such as WeWork, Cowrks, 91Springboard, AWFIS, Indiqube, and OYO, GoFloaters has curated these work and meeting spaces.
“GoFloaters outperformed great companies from around the world to earn this recent investment by Loyal VC,” said Kamal Hassan, Managing Partner, Loyal VC.”They have done an impressive job of building up partnerships India-wide to offer an innovative new real estate model to corporations. We are delighted to work with them, and to support them through our network of global mentors as they grow in India and beyond,” Mr Hassan added.
Congratulating on this significant milestones, R U Srinivas, Sr. VP, People Success, Chargebee, added, “In a post-Covid world that’s still figuring out work models that keep employees at the heart of its success, GoFloaters has been a great partner in helping us adapt to the changing needs and demands of the people that contribute to our business’s success. At Chargebee, we have been continuously developing an operating format that provides flexibility, convenience, and compliance — both for our people and the business.
We have implemented what we call the Adaptive Workplace Model – a sustainable operating format that gives our people, who are spread over 22 cities in India, the fluidity to do their best work, while being adaptive to business needs and external environments. Our experience with GoFloaters, to that end, has been great from the beginning with a data-driven approach and extremely proactive support, he added.
“GoFloaters made the whole process simple and convenient for us,” said Vineet A, Executive General Manager, GAIN Credit. He added, “Providing our teams across India the flexibility to work near their home location and collaborate in person was crucial for employee experience and business. Working with GoFloaters, we set up on-demand collaboration hubs in Noida, Gurugram, and Bengaluru.”
The cutting-edge platform from GoFloaters enables teams and enterprises to reserve a space of their choice and assists management in setting up, overseeing, and evaluating the results of their hybrid workplace strategy. In a few cities, the site also provides Virtual Offices. After the pandemic, GoFloaters has increased 100% month over month. For conference rooms, offsites, in-person interactions, and day offices for teams, more than 80% of its reservations originate from B2B teams.
GoFloaters is a hybrid workplace platform. Workspaces can easily be booked online through the app or web – meeting rooms by the hour or a day and coworking desks for a day. GoFloaters also offers long-term office spaces in India and Virtual Office services.
About Loyal VC
Loyal VC is a global venture fund with 220+ investments across 50+ countries. The fund is designed to minimize systemic bias inherent in the investment process, unlocking greater returns. The Loyal Startup Index Fund has delivered strong returns since its launch in 2018, thanks to its collaborative, staged investment process, its network of over 500 global advisors, and its partnerships with the Founder Institute, the world’s largest pre-seed accelerator, and INSEAD, rated the #1 non-US business school for unicorn founders by Pitchbook. Loyal’s global start-up index fund is inclusive of a diverse, often mission-driven, group of entrepreneurs. To date, over 30% of the portfolio have a woman CEO, almost 30% are from emerging markets, and around 80% address one or more of the United Nations Sustainable Development Goals (UNSDGs).